Sales of new cars drop as economy slows

Toyota has maintained its pole position as the top selling car even as declining sales hit local and overseas markets.

But as Toyota leads the pack, dealers expect sales of new cars to remain depressed in coming months as effects of global recession strike the local auto industry.

"The economic downturn is being felt, especially in the new vehicle segment, which are usually sourced from overseas using hard currency," Mr Simon Mwiti, National Sales Manager, Toyota East Africa told The Standard.