Nairobi, Jan. 25 -- Sales of new luxury cars rose seven percent in the year ended December, defying the economic slowdown brought by the Covid-19 pandemic.
Data from the Kenya Motor Industry Association (KMI) shows that the formal dealers including DT Dobie moved 152 units in the review period compared to 142 units the year before. The performance is contrast to the overall new vehicles that recorded a 16 percent sales slump to 13,199 units in the same period on what has been attributed to the pandemic-induced economic crisis.
Rich households and some private companies, however, increased their purchase of luxury cars at a time when most businesses and workers suffered major income declines from measures taken to curb the spread of corona...