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 )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More