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Possible deluge of used cars ahead but impact uncertain

BT_20170911_SEUSED111_3079285.jpg
Private-hire cars lying idle at Big Box in Jurong East; some of the popular models in the Uber fleet are the Honda Vezel, Mazda3, Toyota Prius, Mitsubishi Attrage and Toyota Corolla Altis.

BT_20170911_SEUSED111_3079285.jpg
Private-hire cars lying idle at Big Box in Jurong East; some of the popular models in the Uber fleet are the Honda Vezel, Mazda3, Toyota Prius, Mitsubishi Attrage and Toyota Corolla Altis.

Singapore

UBER could release as many as "3,000 to 4,000 cars" into the used market, causing some dealers and authorised distributors to panic about the impact to resale values.

Recent talk in the second-hand car market is that the ride-hailing heavyweight is selling off part of its

sentifi.com

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