Vehicles sales down 57 per cent
Aug. 06, 2020
Vehicle sales in the 12 months to June declined by 57 per cent compared to the same month last year, as Covid-19 ravaged people’s purchasing power.
Data from the Kenya National Bureau of Statistics (KNBS) showed that 12,756 new vehicles were registered in May from 29,701 in the same period last year as the pandemic unleashed an economic crisis that saw a lot of companies shut down and workers laid off. Mini-buses, a popular means of public transport in most parts of the country, registered the biggest decline at 94.5 per cent, with only 10 of the vehicles being registered in the period under review. Potential customers are likely to have delayed buying the vehicle following a government directive prohibiting movement of people into and out of four counties, including the populous Nairobi Metropolitan Area, to control the spread of Covid-19.
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