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Motorcycle sales decline sharply amid taxes, soaring fuel prices

Boda boda riders waiting to pick passengers on the streets of Nairobi.

Photo credit: File

What you need to know:

  • New purchases of motorcycles had been consistently rising yearly since 2008.
  • The first sharp decline came in 2022, when new registrations more than halved.

The number of new motorcycle purchases has slumped to the lowest level since 2008, as high taxes and skyrocketing fuel prices cut demand for the two-wheelers for private and business use.

Fresh data from the Kenya National Bureau of Statistics (KNBS) reveals that new motorcycles registered last year dropped by 52.6 per cent to 62,338, down from 113,513 in 2022.