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“There’s definitely going to be an upward adjustment in [used car] prices,” Charles Munyori, the secretary-general of the Kenya Auto Bazaar Association (Kaba), which represents used car dealers, told theBusiness Daily. “This is because the use of 65 percent depreciation as opposed to...
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Used car prices in Kenya have jumped by an average 37 percent over the past six months as demand outstrips supply globally on production cuts, pushing low range vehicles like Nissan Note and Vitz above the one million shilling mark. Popular 2015 Japanese models such as Toyota Harrier, Toyota F...