One week after Uber shut down here, hundreds of unhired cars from Lion City Rental (LCR) have appeared on SgCarMart, a local car retail portal.

LCR was Uber's car rental subsidiary.

Cars going for S$20,000 cheaper

According to The Straits Times, the cars are mainly Mazda 3 sedans and Honda Vezels with less than 50km mileage.

They are also going cheap at around S$10,000 to S$20,000 cheaper than new models.

A used Mazda 3 is going for S$70,000 compared to S$90,000 for a new one.

The Mazda sedans are by authorised agent Eurokars, and are still under warranty. Aside from selling cars, LCR is also said to be scrapping others.

Rush to expand fleet

LCR rushed to expand their fleet in 2017 before a new emissions ruling kicked in at the end of the year. This further exacerbated their problem of having too many idle cars.

According to The Straits Times, about 10 percent of LCR's 14,000-large fleet then was unused. Rushing to buy more cars only made the problem worse.

When Grab acquired Uber in March 2018, it did not buy over LCR and its fleet.

A deal with ComfortDelgro that was under negotiation was also halted in light of the acquisition.

With the sale and scrapping of its fleet, it seems that the deal with ComfortDelGro is likely not going to happen. ComfortDelGro is reviewing its stake in the fleet.

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