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Used Car Prices in Kenya shot up by 37%, see the new price of Vitz and Toyota Harrier.

As the economy maintains its rising graph prices of various common commodities continue to shoot up. On luxury goods, most of the Kenyan citizens normally buy second hand cars as they are cheaper in terms of purchasing cost. 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.

Some of the common 2015 Japanese models such as Toyota Harrier, Toyota Fielder, Toyota Rav 4, Toyota Premio and Nissan X-Trail have seen their import prices increase by a range of between Sh408,000 and Sh791,000 since August.

Kenyans who deals with the importation process are now facing increased competition from buyers in source markets such as Japan and the UK. As automakers have scaled down production owing to shortages of semiconductors used in electronic devices.

Worldwide most vehicle buyers in the developed markets would typically buy new cars but have now resorted to purchasing second hand models in response to shortages.

Content created and supplied by: Deronews (via Opera News )

Kenya Kenyan Nissan X-Trail Toyota Harrier Toyota Premio


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