Kenya's motor vehicle market experienced an 11% decline in registrations over five months, from 22,632 units in January to 20,132 in May, according to the Kenya National Bureau of Statistics (KNBS). This cooling trend follows a strong start to the year.

• Motorcycle registrations, driven by the boda boda economy, dropped from 12,456 units in January to 10,588 in May.
• The decline across various vehicle segments, excluding lorries, is attributed to shrinking credit opportunities and financial constraints, with an anticipated increase due to a new import duty computation model implemented on July 1st.
• Assembly line production in Kenya currently stands at about 1,000 units, with a 14% drop in assembled vehicles between May and June of this year.