The Revenue Authority is set to auction over 300 vehicles that have overstayed at their warehouse in Kilindini Mombasa.
The auction list comprises several Porche Cayenne cars whose market value is an upward of Sh4million depending on the model type, as well as Lexus Rx which retails at Sh3.6million.
Also on sale are Mercedes, BMW, Landcruiser, Rav 4, Landrover, and Toyota Mark X vehicles.
“Pursuant 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 thirty (30) days of this notice,” the Chief Manager, Port Operations Abdi Malik Hussein stated in a gazette notice dated February 5, 2021.
The vehicles are set to be sold by public auction on March 9, 2021.
Hussein has now directed interested buyers to view the goods on March, 5 and 8, 2021 during office hours.
The vehicles range from personal saloon cars to large commercial lorries with the majority being second-hand.
In a separate auction, KRA is also set to auction 16 trucks from the Forodha warehouse at Jomo Kenyatta International Airport.
A notice by Chief Manager, Nairobi Customs Station Bernard Kibiti stated that the auction would be held on March 9, 2021, with interested buyers directed to view the goods at the Customs Warehouse on either March 5 or 8.
At the same time, Kenya’s second-hand car market is experiencing the adverse effects of Kenya’s free-falling shilling, with car prices going up by as much as Sh500,000.
As a result, Kenyans are steering clear of the market leaving vendors with unsalable cars.
According to the latest data from the Kenya National Bureau of Statistics (KNBS), 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.
Between August 2020 and September 2020, the number of newly registered cars went from 31,359 down to 25,710 units.