Second Hand Cars in Kenya: In the next five years, you will not be able to import a second hand car in Kenya. This comes as the government moves to phase out the importation of second-hand vehicles by 2026.
The ban on second hand cars will be implemented in a bid to grow the local car assembly industry.
In the Draft 2021 Budget Policy Statement, the National Treasury noted that second-hand car models make up more than 85 per cent of the imported fully built units (FBUs) in Kenya.
“The government, through the Ministry of Industrialisation, drafted the National Automotive Policy to streamline the motor assembly industry with the ultimate goal of phasing out the importation of second-hand vehicles by 2026,” said the Treasury in the draft Budget paper.
“The policy also aims at spurring growth in local car assembly as it prescribes clear measures to promote utilisation of locally manufactured products, local content, sub-contracting, innovation, research and development, capacity and skills development and training, and technology transfer.
The draft 2021 Budget statement lays out the country’s development plans for the financial year that begins on July 1, 2021. The Treasury said the automotive policy would create jobs for the youth, enhance local value addition and help raise the manufacturing sector’s contribution to the economy.
Last week, Trade CS Betty Maina said Sh. 600 million has been set aside to purchase locally assembled or manufactured vehicles as part of the government’s economic stimulus plan to fight off the effects of Covid-19. Second Hand Cars in Kenya.
– Additional reporting from The Standard.