The Kenya Revenue Authority (KRA) has put over 300 cars that have overstayed at their warehouse in Kilindini port on mass auction.
Among the vehicles that are set to be put on auction are luxury cars that are worth a fortune.
The auction list comprises several porch Cayenne vehicles whose market value is an upward of Sh4 Million depending on the model type and Lexus Rx which retails at Sh3.6 million.
Also on sale are BMW, Rav 4, Mercedes, Landcruiser, Landrover and Toyota Mark X vehicles.
“In accordance to the provisions of Section 42 of the East African Community Customs Management Act, notice is given that unless the undermentioned goods are entered and removed from the custody of the Customs Warehouse keeper, Kilindini within 30 days of this notice,” Port Operations Abdi Malik Hussein noted in a gazette notice dated February 6, 2021.
The vehicles will be sold by public auction on March 9, 2021.
The chief manager informed interested buyers to view the goods on March, 5 and 8, 2021, during office hours.
The cars range from personal saloon cars to large commercial lorries with the majority being second-hand.
In a separate auction, KRA is also expected to auction 16b trucks from the Forodha warehouse at the Jomo Kenyatta International Airport (JKIA)
According to a notice by Chief Manager, Nairobi Customs Station Bernard Kibiti, the auction will be held on March 9, 2021, with interested buyers directed to view the goods at the Customs Warehouse on either March 5 or 8.
The auctions are happening at a time when Kenya’s second-hand car market is undergoing the adverse effects of Kenya’s free-falling shilling with car prices hiking by as much as Sh500,000.
This has resulted in Kenyans steering clear of the market, leaving vendors with unsellable vehicles.
The latest study from the Kenya National Bureau of Statistics (KNBS) indicates that new vehicle registrations dipped 33 per cent to 52,999 in the nine months to September from 79,078 in a similar period last year.