An ageing Mark X for Sh1m: Weak shilling turns local used vehicle market upside down

Imported cars at the port of Mombasa. [Omondi Onyango, Standard]

The prices of locally used vehicles are skyrocketing, defying the renowned used car depreciation logic and setting car owners up for an unlikely windfall.

Many used car owners are, however, clinging on to their old vehicles, fearing the high replacement costs as global supply and demand pressures continue to impact the local market for imported used cars.