How big is the Kenya Used Car Market?

The Kenya Used Car Market size is expected to reach USD 1.23 billion in 2024 and grow at a CAGR of greater than 2% to reach USD 1.39 billion by 2029. Read More

What is the current Kenya Used Car Market size?

In 2024, the Kenya Used Car Market size is expected to reach USD 1.23 billion. Read More

Who are the key players in Kenya Used Car Market?

PeachCars, PigiaMe, Gigi Motors Limited and Simba Corp are the major companies operating in the Kenya Used Car Market. Read More

What years does this Kenya Used Car Market cover, and what was the market size in 2023?

In 2023, the Kenya Used Car Market size was estimated at USD 1.21 billion. The report covers the Kenya Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Kenya Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Kenya Used Car Market Size & Share Analysis - Industry Research Report

Kenya Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Kenya Used Car Market is Segmented by Vehicle Type (Hatchbacks, Sedans, Sport Utility Vehicles & Multi-Purpose Vehicles) and by Vendor (Organized and Unorganized). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

Kenya Used Car Industry Overview

The Kenyan used car market displays fragmentation, with several noteworthy players, including PeachCars, Jiji Kenya, PigiaMe, Gigi Motors Limited, Autopax, Simba Corp, and others. The demand for used vehicles is steadily rising in Kenya, and the market is currently witnessing a surge in importation.

As of August 2023, official data indicates that Japan dominated the market by contributing to a substantial 94.3 percent of the 62,495 used vehicles imported into Kenya within the 12-month period leading up to June 2023. This statistic solidifies Japan's position as the dominant supplier of both commercial and private used cars in the local market.

In April 2022, Toyota Kenya announced its decision to rebrand as CFAO Motors Kenya Limited. Furthermore, the company disclosed its intention to establish a collaborative partnership with Automark, a subsidiary specializing in certified used vehicles. This strategic move underscores the evolving dynamics within the Kenyan used car market.