Kenya vehicle sales rise 24% in first nine months
Kenya’s vehicle dealers sold 10,101 new units in the nine months through September, a 24 percent increase from 8,165 units in the same period last year. Lower interest rates and stronger economic activity in transport, agriculture, manufacturing and construction drove the growth.
Trucks led sales with 4,113 units, as the Central Bank of Kenya cut its base lending rate eight times in a row from 13 percent in June last year to 9.25 percent. The rate reductions prompted some lenders to lower loan costs for buyers and businesses.
The country’s economy expanded by 5 percent in the second quarter of 2025, up from 4.6 percent a year earlier. Industrial activity rebounded while agriculture remained stable, and service sectors such as transport, finance, and retail showed resilience.
Isuzu captured 48 percent of the market with 4,830 vehicles sold while CFAO Motors took second place with 3,268 units. Construction projects created demand for building materials and transport equipment as borrowing became more affordable across sectors.
