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Passenger car sales in Kenya in 2012 were weak, largely because of high interest rates, as most vehicles are bought on credit in the country. New vehicle sales in Kenya rose 1.4% year-on-year (y-o-y) to 12,798 units, according to data from the Kenya Motor Industry Association (KMIA). This was the slowest growth since 2009 when reduced economic activity cut purchases 20%.
The high-end market has held up well, however. Luxury car sales rose 33.8% in 2012, reports Business Daily Africa, helping Mercedes-Benz extend its lead in Kenya's luxury car market.
Passenger car sales in Kenya in 2012 were weak, largely because of high interest rates, as most vehicles are bought on credit in the country. New vehicle sales in Kenya rose 1.4% year-on-year (y-o-y) to 12,798 units, according to data from the Kenya Motor Industry Association (KMIA). This was the slowest growth since 2009 when reduced economic activity cut purchases 20%.
The high-end market has held up well, however. Luxury car sales rose 33.8% in 2012, reports Business Daily Africa, helping Mercedes-Benz extend its lead in Kenya's luxury car market.
BMI Industry View
SWOT
Political
Economic
Business Environment
Industry Forecast
Table: Kenya Automotives Historical Data & Forecasts
Macroeconomic Forecasts
Economic Outlook
Table: Kenya - Economic Activity
Industry Risk Reward Ratings
Industry Risk/Reward Ratings
Table: Autos Risk/Reward Ratings Sub-Saharan Africa
Competitive Landscape
Company Profile
Company Monitor
Regional Overview
Global Industry Overview
Table: Passenger Car Sales, Units, 2012
Japan To Contract, But US Safe (For Now)
Europe Over The Worst?
Even Russia Will Hit The Brakes
Demographic Forecast
Table: Kenya's Population By Age Group, 1990-2020 ('000)
Table: Kenya's Population By Age Group, 1990-2020 (% of total)
Table: Kenya's Key Population Ratios, 1990-2020
Table: Kenya's Rural And Urban Population, 1990-2020
Methodology
How We Generate Our Industry Forecasts
Automobile Industry
Sources
SWOT
Political
Economic
Business Environment
Industry Forecast
Table: Kenya Automotives Historical Data & Forecasts
Macroeconomic Forecasts
Economic Outlook
Table: Kenya - Economic Activity
Industry Risk Reward Ratings
Industry Risk/Reward Ratings
Table: Autos Risk/Reward Ratings Sub-Saharan Africa
Competitive Landscape
Company Profile
Company Monitor
Regional Overview
Global Industry Overview
Table: Passenger Car Sales, Units, 2012
Japan To Contract, But US Safe (For Now)
Europe Over The Worst?
Even Russia Will Hit The Brakes
Demographic Forecast
Table: Kenya's Population By Age Group, 1990-2020 ('000)
Table: Kenya's Population By Age Group, 1990-2020 (% of total)
Table: Kenya's Key Population Ratios, 1990-2020
Table: Kenya's Rural And Urban Population, 1990-2020
Methodology
How We Generate Our Industry Forecasts
Automobile Industry
Sources