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In Kenya, cars appreciate in value
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Money Whisperer
#1 Posted : Friday, May 18, 2012 8:22:20 PM
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Joined: 8/7/2010
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Location: Wazuaville
Last year between may and July I thought of changing cars to get a Rav, X-trail or CR-V. The prices I got for 2003/4 models was 1.1/2M. Today looking at the prices for the same cars I see 1.4/6M. Even if you factor in inflation, an increase of 200K in less than a year is too much. My guess is that cars in Kenya actually appreciate in the first one year before they take the plunge. Of course the data needs further disaggregation say by car (sedan, cross over, SUV) or make etc.
"Money never sleeps"
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QW25091985
#2 Posted : Friday, May 18, 2012 8:26:31 PM
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Joined: 1/24/2012
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woi can we discuss about my rari ( ferrari for the lames )? lol
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vinii
#3 Posted : Friday, May 18, 2012 8:28:15 PM
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Joined: 10/14/2009
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the units that you see at the yards were most likely sourced when the shilling was week. consider importing directly
If you are an eagle don't hang around with chickens; chickens don't fly....
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Nobby
#4 Posted : Saturday, May 19, 2012 4:18:26 PM
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Joined: 2/8/2007
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Location: Nairobi
vinii wrote:
the units that you see at the yards were most likely sourced when the shilling was week. consider importing directly



Its about the price at the Japanese second hand market and the dollar rate at the time of purchase. Three months from now they will be much cheaper..
The future belongs to those who believe in the beauty of their dreams.
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nakujua
#5 Posted : Saturday, May 19, 2012 5:42:12 PM
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Joined: 12/17/2009
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Location: Kenya
Nobby wrote:
vinii wrote:
the units that you see at the yards were most likely sourced when the shilling was week. consider importing directly



Its about the price at the Japanese second hand market and the dollar rate at the time of purchase. Three months from now they will be much cheaper..


Just curious, why will they be cheaper 3 months from now
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MaichBlack
#6 Posted : Sunday, May 20, 2012 2:33:44 PM
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Joined: 7/22/2009
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@Money Whisperer - Car prices for used vehicles are higher even in Japan for some reason. not quite sure what it is.

@nakujua - The best time to source a car from Japan is towards the end of the year. Why? Because the cars are almost past their "sell by date". For example, you can import a 2004 car this year but not next year (As per the KS 1515:2000 quality standard by the Kenya Bureau of Standards which puts the limit of the age of vehicles imported into Kenya at 8 years). 2004 cars will therefore be cheaper between October and December [but give allowance for the shipment]. The car has to be in Kenya 31st December.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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tuvok
#7 Posted : Tuesday, May 22, 2012 8:40:19 AM
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Joined: 5/2/2007
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MaichBlack wrote:
@Money Whisperer - Car prices for used vehicles are higher even in Japan for some reason. not quite sure what it is.

@nakujua - The best time to source a car from Japan is towards the end of the year. Why? Because the cars are almost past their "sell by date". For example, you can import a 2004 car this year but not next year (As per the KS 1515:2000 quality standard by the Kenya Bureau of Standards which puts the limit of the age of vehicles imported into Kenya at 8 years). 2004 cars will therefore be cheaper between October and December [but give allowance for the shipment]. The car has to be in Kenya 31st December.


Usually true regarding time to import - unless of course the source market has had a Tsunami...

The prices last year were high primarily due to the depreciation of the KSH vs international currencies. Horrible time to do any imports. The Japan Tsunami compounded this, as many would be buyers of new cars probably rescheduled their purchases, and many used car lots incurred lots of damage...

The UK market - recession in Europe means that the cars at reasonable prices are probably high mileage with heavier fuel consumption.

These are just my theories.. since I don't import cars for biashara
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nakujua
#8 Posted : Tuesday, May 22, 2012 8:52:00 AM
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Joined: 12/17/2009
Posts: 3,583
Location: Kenya
MaichBlack wrote:
@Money Whisperer - Car prices for used vehicles are higher even in Japan for some reason. not quite sure what it is.

@nakujua - The best time to source a car from Japan is towards the end of the year. Why? Because the cars are almost past their "sell by date". For example, you can import a 2004 car this year but not next year (As per the KS 1515:2000 quality standard by the Kenya Bureau of Standards which puts the limit of the age of vehicles imported into Kenya at 8 years). 2004 cars will therefore be cheaper between October and December [but give allowance for the shipment]. The car has to be in Kenya 31st December.


I thought year 2004 cars are barred from importation - and only cars registered from 2005 can be imported now.
I might be wrong.
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