Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

New vehicle sales in Kenya down 20pc in 2017

10,722 new vehicles were sold in 2017 compared to 13,535 units in 2016.

NAIROBI, Kenya, Jan 31 – All vehicle vendors except DT Dobie lost ground in 2017 with the year closing 20 percent lower compared to 2016 on vehicle orders, according to an industry report.

10,722 new vehicles were sold in 2017 compared to 13,535 units in 2016, with buyers purchasing 888 vehicles in December down 4 percent same period the previous year.

With a market share of 35.3 percent, Isuzu East Africa sold 3,783 vehicles in 2017 while Toyota Kenya sold 2,235 vehicles.

Fuso shed off 30 percent of sales year on year to sell 1,222 units with DT Dobie, behind CMC and Tata, sold 507 units, an increase of 7pc.

Formerly known as General Motors East Africa, Isuzu – the franchise holder of Isuzu and Chevrolet models – also dominated the export market with 150 units.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...