Car prices jump 72pc in two years, Jiji data shows
The report shows the average listing price increased from Sh797,000 in 2024 to Sh1.37 million this year, driven partly by higher import costs...
✨ Key Highlights
The average car price in Kenya has surged by 72 percent in the last two years, reaching Sh1.37 million, making vehicle ownership significantly more costly for many. This sharp increase is largely attributed to new import cost calculations.
- The average listing price rose from Sh797,000 in 2024 to Sh1.37 million this year.
- The Kenya Revenue Authority (KRA) introduced a new Current Retail Selling Price (CRSP) schedule, impacting the valuation of imported used vehicles.
- Despite the price hikes, pre-owned vehicles continue to be a popular choice for buyers seeking more affordable options.
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Land and Car Prices Rise While Oil Costs Decline - August 2026
The average car price in Kenya has surged by 72 percent in the last two years, reaching Sh1.37 million, making vehicle ownership significantly more costly for many, primarily due to new import cost calculations. Land prices in Nairobi's suburbs saw modest growth in Q2 2026, with Lang'ata and Karen leading the surge as buyers sought areas with lower acquisition costs. In contrast, oil prices dropped to a three-week low as senior US officials indicated progress in talks with Iran aimed at reopening the crucial Strait of Hormuz, potentially easing global supply disruptions.
