Uber unit still has sizeable unsold fleet

Lion City Rentals has been putting up its unhired cars for bidding by rental fleet owners and used car dealers. Several hundred of its cars are parked in places such as Big Box Singapore, Carros Centre and Sports Hub (above).
Lion City Rentals has been putting up its unhired cars for bidding by rental fleet owners and used car dealers. Several hundred of its cars are parked in places such as Big Box Singapore, Carros Centre and Sports Hub (above).ST PHOTO: LIM YAOHUI

Up to 10,000 cars still in Lion City Rentals' stock, 6 months after ride-hailing firm's exit

Uber-owned vehicle leasing operator Lion City Rentals (LCR) still has several thousand cars - many unhired - in its fleet, six months after the American ride-hailing firm pulled out of Singapore.

The Straits Times (ST) understands LCR intends to close down, and has been trying to dispose of the fleet. For a number of months now, it has been putting up cars for bidding by rental fleet owners and used car dealers.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Straits Times on September 26, 2018, with the headline 'Uber unit still has sizeable unsold fleet'. Print Edition | Subscribe