New luxury vehicle sales plunge 14pc on Porsche stockouts



Business Daily | by Victor Juma


Sales of new luxury cars dropped 14.1 percent in the nine months ended September, weighed down by stockouts of Porsche, which is yet to get a new dealer in the local market.

Data from the Kenya Motor Industry Association (KMI) shows that orders for the cars, whose prices can top the Sh30 million mark, fell to…

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