Despite improved economic confidence post the March 4 elections and increased fiscal spending following the introduction of the county government system, new 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 four months to April 2013, with data from the Kenya Motor Industry Association showing that new autos dealers sold 3,807 units, representing a 5.6% growth rate. Over the four-month period new vehicle sales only accounted for around 17.6% of the total 21,601 units sold, a decline compared to …
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