Kenya defies the odds with a 25% surge in vehicle registrations amidst price hikes

Despite Kenya’s inflation, people in the country are using more cars now than they have in recent years, as indicated by the increase in the number of registered vehicles in the first nine months of 2023.

In the period under review, the East African country had a 25% surge in registered vehicles.

According to official data from the country’s National Bureau of Statistics and as seen in The BusinessDaily, a Kenyan news publication, “Kenyans registered 72,982 vehicles in the three quarters up from 57,978 in the same period last year.”

This is the highest figure since the Covid-19 pandemic. The number of registered vehicles in 2019 was 80,289.

Source: Business Insider