NCBA Announces Auction of 29 Vehicles as Car Prices Bite, Lowest Listed at Sh490,000

Kenyans hoping to own a vehicle at a more affordable price have been handed a lifeline after NCBA Bank announced a public auction of 29 used vehicles, with prices starting as low as Sh490,000.

The auction, which targets individual motorists, small business owners, and transport operators, comes amid rising vehicle costs that have pushed car ownership out of reach for many potential buyers.

In a notice issued on Tuesday, February 10, 2026, the bank invited interested buyers to place bids through its digital vehicle marketplace, Car Duka. 

NCBA said the auction includes a wide range of assets, from passenger vehicles to commercial trucks and heavy machinery.

The lender noted that all vehicles are available for physical inspection at designated storage yards across the country before bidding. 

Interested participants are required to submit their bids online, complete with full contact details, for review by a selection committee.

NCBA emphasized that all vehicles will be sold on an “as-is, where-is” basis, meaning buyers must satisfy themselves with the condition of the assets before placing bids. The deadline for bid submission has been set for Monday, February 16, 2026.

The bank also disclosed that financing options may be available for successful bidders, subject to standard credit assessment procedures.

Among the standout listings is a Mazda CX-5 with a reserve price of Sh490,000, making it the cheapest vehicle in the auction. 

Other budget-friendly options include a Nissan Note priced from Sh510,000, a Toyota Probox starting at Sh580,000, and a Nissan March listed at Sh590,000.

For buyers seeking higher-end models, the auction also features vehicles such as a Subaru Outback, Toyota Hilux, Toyota Prado, and a Toyota Land Cruiser valued at over Sh7 million.

In addition, the asset list includes heavy-duty equipment, including an Isuzu FVZ truck and a Komatsu grader, appealing to construction and logistics businesses.

NCBA encouraged Kenyans to take advantage of the auction, noting that vehicle auctions often offer better value than the open market, particularly in an environment of rising import and resale costs.

With car prices continuing to climb, the bank said the auction presents a timely opportunity for budget-conscious buyers to secure vehicles at competitive rates.