Despite the Port of Mombasa registering a 14.1 per cent increase in cargo last year, dealers in imported used cars are grappling with a decline in sales that has led to a dip in import of vehicles.
Reports indicate that nearly 400 Mombasa showrooms selling used cars, mainly bought at several open and online auctions in Japan, are struggling to make sales because of reduced buyer purchasing power.
Traders said before 2020, up to 200,000 vehicles could be imported a year, but there has been a notable decline due to unpredictable fiscal policies that has led to the decline in Kenyans’ purchasing power.
Already have an account? Login