Business Daily | by Victor Juma
New luxury car sales plunged 30.9 percent in the first quarter ended March on reduced demand for all the high-end brands with the exception of Mercedes Benz.
Data from the Kenya Motor Industry Association (KMI) shows that the formal dealers, including DT Dobie and Inchcape Kenya, sold 29 units in the review period, down from 42 a year earlier.
The luxury car segment underperformed the overall new vehicle market by large margins, indicating reduced spending by firms and wealthy individuals…
