Finance & Investment Market Updates

KRA’s New CRSP for Chevrolet Vehicles in Kenya 2025: Everything You Need to Know

Chevrolet Truck

Effective July 1, 2025, the Kenya Revenue Authority (KRA) has introduced an updated Current Retail Selling Price (CRSP) schedule for computing the customs value of used motor vehicles imported into Kenya. This schedule includes a wide array of Chevrolet vehicles, an American brand celebrated for its rugged performance, iconic designs, and diverse lineup ranging from classic sedans to high-performance sports cars and heavy-duty trucks. For Kenyan importers, dealers, and automotive enthusiasts, understanding the new CRSP values is crucial for navigating the costs of importing Chevrolet models in 2025. This comprehensive article provides a detailed breakdown of the CRSP schedule for Chevrolet vehicles, offering insights into pricing, trends, and their significance in Kenya’s automotive market.

Understanding the CRSP and Its Importance

The Current Retail Selling Price (CRSP) is a standardized valuation metric used by the KRA to determine the customs value of imported used vehicles. This value directly impacts customs duties, Value Added Tax (VAT), and other levies, significantly influencing the final cost for buyers. The CRSP is derived from the vehicle’s market value in its country of origin, adjusted for factors such as age, condition, and specifications.

The 2025 CRSP update, effective from July 1, reflects global automotive trends and Kenya’s demand for diverse vehicle types, from performance cars to practical SUVs and trucks. Chevrolet, known for its legacy of durability and performance, offers a lineup that appeals to enthusiasts, families, and commercial buyers in Kenya. The CRSP schedule affects importers, dealers, and consumers seeking iconic American vehicles.

Key Factors Influencing Chevrolet CRSP Values

  • Vehicle Type: Sedans, coupes, convertibles, SUVs, trucks, and vans cater to varied market segments, impacting CRSP values.
  • Engine Size: Larger engines (e.g., 6.2L V8 in Corvettes and Silverados) command higher CRSPs due to performance capabilities.
  • Performance Models: High-performance variants like the Camaro ZL1 and Corvette Z06 have elevated CRSPs reflecting their exclusivity.
  • Fuel Type: Most models are gasoline-powered, with select Silverado HD models using diesel, affecting pricing.

Chevrolet’s Position in Kenya’s Automotive Market

Chevrolet holds a unique position in Kenya’s automotive landscape, blending American heritage with modern performance and utility. Its lineup includes iconic models like the Camaro and Corvette for performance enthusiasts, practical SUVs like the Captiva, and robust trucks like the Silverado for commercial and lifestyle buyers. Chevrolet appeals to a niche but passionate audience in Kenya, including car enthusiasts, collectors, and those seeking rugged vehicles for diverse terrains.

Why Chevrolet Appeals to Kenyan Buyers

  • Performance Heritage: Models like the Camaro and Corvette offer thrilling performance, attracting enthusiasts.
  • Versatility: SUVs like the Captiva and trucks like the Silverado cater to families and commercial needs.
  • Iconic Design: Classic models like the Bel Air and Chevelle resonate with collectors and retro enthusiasts.
  • Durability: Chevrolet’s reputation for rugged, reliable vehicles suits Kenya’s varied road conditions.

Comprehensive List of Chevrolet CRSP Values for 2025

Below is the complete list of Chevrolet vehicles included in the KRA’s 2025 CRSP schedule, categorized by vehicle type for clarity. Prices are in Kenyan Shillings (KES) and represent the customs value for used vehicles.

Chevrolet Sedans and Station Wagons

Classic and modern sedans, including the iconic Bel Air and Chevelle Maribu station wagon.

ModelChassis CodeTransmissionDrivetrainEngine (cc)Fuel TypeCRSP (KES)
Bel AirAT2WD5700Gasoline8,187,733
Chevelle MaribuAT2WD6200Gasoline22,634,120

Chevrolet SUVs

Practical SUVs like the Captiva and C-10, suitable for families and rugged use.

ModelChassis CodeTransmissionDrivetrainEngine (cc)Fuel TypeCRSP (KES)
C-10AT2WD5700Gasoline26,010,128
Captiva Base GradeAT4WD2400Gasoline9,295,748
CaptivaAT2WD2400Gasoline5,882,081

Chevrolet Coupes and Convertibles

High-performance models like the Camaro and Corvette, popular among enthusiasts.

ModelChassis CodeTransmissionDrivetrainEngine (cc)Fuel TypeCRSP (KES)
Camaro Convertible Heritage EditionAT2WD2000Gasoline18,857,431
Camaro SSAT2WD6200Gasoline11,696,762
Camaro ZL1MT2WD6500Gasoline22,138,610
Camaro LT RSAT2WD2000Gasoline20,575,087
Camaro Final EditionAT2WD6200Gasoline20,500,228
Camaro Convertible7BA-A1XCAT2WD2000Gasoline13,801,293
Camaro LT RS Heritage EditionABA-A1XCAT2WD2000Gasoline20,624,771
Camaro LT RSAT2WD2000Gasoline10,208,057
Camaro 2SSAT2WD6200Gasoline24,518,398
Corvette 3LTAT2WD6200Gasoline22,223,054
CorvetteAT2WD6200Gasoline20,018,244
Corvette Convertible Edition CERV I7BA-Y2XCAT2WD6200Gasoline10,234,666
Corvette 2LTAT2WD6200Gasoline13,646,222
Corvette ConvertibleAT2WD6200Gasoline26,090,813
Corvette Z06AT2WD5500Gasoline40,506,157
Corvette 2LTAT2WD6200Gasoline26,774,508
Corvette Z06 3LZAT2WD5500Gasoline39,450,464
Corvette Stingray (Convertible)ATM2WD6200Gasoline50,977,981
Corvette Stingray (Coupe)ATM2WD6200Gasoline46,955,705
Corvette E-Ray 3LZATM2WD6200Gasoline59,372,297

Chevrolet Trucks (Double Cab)

Heavy-duty trucks like the Silverado and Colorado, ideal for commercial and lifestyle use.

ModelChassis CodeTransmissionDrivetrainEngine (cc)Fuel TypeCRSP (KES)
Colorado Crew Cab Short Z2AT4WD3600Gasoline9,442,632
Silverado 1500 LT Trail BossATM4WD6200Gasoline29,954,717
Silverado 1500 LTZ Premium Tech PackATM4WD6200Gasoline29,654,920
Silverado 2500 HD LTZ PremiumATM4WD6200Diesel26,470,712
Silverado 1500 LTZ PremiumATM4WD6200Gasoline20,747,315
Silverado 1500 ZR2ATM4WD6200Gasoline21,939,689
Silverado HD LTZ Premium (NB1)ATM4WD6500Diesel25,914,271
Silverado HD LTZ Premium (NB2)ATM4WD6500Diesel2,591,427

Chevrolet Vans

The Chevy Van, designed for utility and commercial purposes.

ModelChassis CodeTransmissionDrivetrainEngine (cc)Fuel TypeCRSP (KES)
Chevy VanAT2WD5700Gasoline7,243,404

Key Trends in the 2025 Chevrolet CRSP Schedule

1. Wide Price Range

Chevrolet’s CRSP values range from KES 2,591,427 (Silverado HD LTZ Premium NB2, potentially an outlier or error) to KES 59,372,297 (Corvette E-Ray 3LZ), reflecting its diverse lineup catering to budget buyers and luxury enthusiasts.

2. Performance Focus

High-performance models like the Corvette Z06 (KES 40,506,157) and Camaro ZL1 (KES 22,138,610) highlight Chevrolet’s appeal to enthusiasts, with powerful V8 engines (5.5L–6.5L).

3. Truck and SUV Demand

Trucks (Silverado, Colorado) and SUVs (Captiva, C-10) dominate the lineup, aligning with Kenya’s preference for rugged, versatile vehicles.

4. Classic Appeal

Retro models like the Bel Air and Chevelle Maribu attract collectors, with CRSPs reflecting their heritage value.

Implications for Kenyan Importers and Buyers

The 2025 CRSP schedule has significant implications for Kenya’s automotive market:

  • Niche Enthusiast Market: Performance models like the Camaro and Corvette appeal to enthusiasts and collectors, particularly in Nairobi and Mombasa.
  • Commercial Viability: Silverado trucks and the Chevy Van suit commercial buyers needing durable vehicles.
  • Affordable Options: Models like the Captiva (KES 5,882,081) offer budget-friendly SUV options for families.
  • High Import Costs: Premium models like the Corvette E-Ray (KES 59,372,297) incur substantial taxes, limiting their market to high-net-worth individuals.

Navigating the Chevrolet CRSP Schedule in Kenya

To import and own a Chevrolet in Kenya, buyers and importers should follow these steps:

  1. Verify Chassis Codes: Confirm the vehicle’s chassis code (e.g., 7BA-A1XC for Camaro Convertible) to ensure accurate CRSP valuation.
  2. Calculate Total Costs: Include customs duties (25% of CRSP), 16% VAT, and import declaration fees (3.5% of CRSP) to estimate the landed cost.
  3. Explore Financing: High CRSP values for models like the Corvette Stingray require financing through banks or dealers.
  4. Check Model Authenticity: For classics like the Bel Air, verify authenticity to avoid valuation disputes.
  5. Consult Customs Experts: Engage experienced customs agents to streamline the import process.

Tax Calculation Example

For a Chevrolet Corvette E-Ray 3LZ (CRSP: KES 59,372,297):

  • Customs Duty: 25% of CRSP = KES 14,843,074
  • VAT: 16% of (CRSP + Customs Duty) = KES 11,874,459
  • Import Declaration Fee: 3.5% of CRSP = KES 2,078,030
  • Total Taxes (approx.): KES 28,795,563
  • Landed Cost (approx.): KES 88,167,860

This example underscores the significant tax burden for premium models.

Market Insights: Chevrolet in Kenya’s Automotive Landscape

Chevrolet occupies a niche in Kenya’s automotive market, competing with American brands like Ford and Dodge, as well as Japanese and European manufacturers. Its performance models (Camaro, Corvette) attract enthusiasts, while trucks (Silverado) and SUVs (Captiva) appeal to commercial and family buyers. The Bel Air and Chevelle cater to collectors, often seen at car shows in Nairobi. Chevrolet’s rugged vehicles are well-suited for Kenya’s diverse terrains, though high CRSP values for premium models may limit their market.

Competitive Landscape

Chevrolet competes with:

  • Ford Mustang: Rivals the Camaro in the performance segment.
  • Dodge Charger/Challenger: Similar American muscle car appeal.
  • Toyota Land Cruiser: Dominates the SUV and truck market but lacks Chevrolet’s performance flair.
  • BMW M Series: Competes with Corvette for high-performance buyers.

Consumer Preferences

Kenyan buyers prioritize:

  • Performance: Camaro and Corvette models appeal to speed enthusiasts.
  • Durability: Silverado trucks suit commercial and off-road use.
  • Heritage: Classics like the Bel Air attract collectors.
  • Versatility: Captiva SUVs offer family-friendly options.

Future Outlook for Chevrolet in Kenya

The 2025 CRSP schedule positions Chevrolet as a versatile brand in Kenya’s automotive market, with offerings for enthusiasts, families, and commercial buyers. The absence of electric models may limit appeal among eco-conscious buyers, but Chevrolet’s focus on performance and durability ensures its niche. As Kenya’s car enthusiast community grows, models like the Camaro and Corvette could see increased demand, particularly through specialized importers. Dealers may focus on affordable models like the Captiva to broaden their market, while trucks like the Silverado could gain traction in commercial sectors.

The 2025 CRSP schedule for Chevrolet vehicles highlights the brand’s diverse appeal in Kenya, from the affordable Captiva (KES 5,882,081) to the high-performance Corvette E-Ray 3LZ (KES 59,372,297). With a lineup spanning classics, performance cars, SUVs, trucks, and vans, Chevrolet caters to enthusiasts, families, and commercial buyers. High CRSP values for premium models require careful financial planning, but Chevrolet’s American heritage and rugged performance make it a compelling choice. As Kenya’s automotive market evolves, Chevrolet’s iconic designs and versatility position it for continued relevance in 2025.