Despite improved economic confidence post the March 4 elections and increased fiscal spending following the introduction of the county government system, new and used vehicle purchases are unlikely to recover fast enough to recoup the slow sales growth in the first quarter of the year. New passenger vehicle sales have been disappointing in the three months to March 2013, with data from the Kenya Motor Industry showing the new auto dealers sold 2,791 units compared with 2,735 over the same period last year, representing a 2% year-on-year (y-o-y) growth rate. In keeping with 2012 when luxury car sales grew at …
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