The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
A Car Carrier, "MV Morning Calm" at the port of Mombasa. Traders are struggling to make sales because of reduced buyer purchasing power. [File, Standard]
Despite the Port of Mombasa registering a 14.1 per cent increase in cargo last year, dealers in imported usedcars are grappling with a decline in sales that has led to a dip in import of vehicles.
Reports indicate that nearly 400 Mombasa showrooms selling usedcars, mainly bought at several open and online auctions in Japan, are struggling to make sales because of reduced buyer purchasing power.
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