THE price of imported second hand cars is likely to rise in the next two months, according to industry players, with global market trends reflecting the same. Motor vehicle production fell by 38.9 per in August, with global production at major automakers, including Toyota Motor Corp and Nissan Motor Co, slumping 62 per cent in recent times. It fell by 55 per cent in April, as car demand plunged globally amid lock downs to stop the virus from spreading. “Car prices in Japan have gone up as a result of increased local demand. This price margins will affect the final prices when these vehicles land in Kenya,” KABA Chairman John Kipchumba said yesterday.

Source: The Star October 27, 2020 00:56 UTC