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Kenya: Car Sales Drop to Three-Year Low Amid Credit Challenges

Kenya: Car Sales Drop to Three-Year Low Amid Credit Challenges

Rédaction Africa Links 24 with Kenyans.co.ke
Published on 2025-01-25 04:49:08

Demand for cars in Kenya declined by 2.7 per cent in 2024, marking the third consecutive year of reduced sales.

According to data from the Kenya Motor Industry Association, car sales by local dealers dropped to 11,059 in 2024 compared to 11,370 in 2023. Total sales, including regional exports, stood at 11,352.

This was in stark contrast to 13,352 units sold in 2022 as the tough economic environment seen in the country continued to bite.

Industry analysts attributed the decline to the high…

Read the full article on Kenyans.co.ke

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