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Possible deluge of used cars ahead but impact uncertain

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Published Sun, Sep 10, 2017 · 09:50 PM

    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 estimated 15,000-strong fleet of private-hire cars, with some already auctioned off to dealers.

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