Wealthy Kenyans have cut orders for luxury cars like Porsche, Range Rover and Jaguar by 43 percent in the nine months to September, and this has led to a sharp decline in the unit sales of new vehicles generally.
Data from the Kenya Motor Industry (KMI) Association shows that unit sales of all the high-end brands fell to 112 in the review period compared to 198 the year before. The slump was much deeper than the 6.5 percent sales drop in the overall new vehicle market, which sold 10,081 units in the same period.
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