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Uber's unhired fleet floods used-car market
Sales brisk for the relatively cheaper vehicles, but some fear this will affect used-car prices
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Hundreds of unhired cars from a massive fleet owned by Uber have started appearing on the used-car market, just a week after the American ride-hailing app was switched off here.
Mainly Mazda 3 sedans and Honda Vezel crossovers bought by Uber-owned Lion City Rentals last year, the cars - with 50km clocked or less - are being sold at a loss of between $10,000 and $20,000 each.
