Singapore’s car leasing sector has seen significant upheaval over the past year, with more than 220 firms shutting down in 2025 alone. As rental companies fold and fleets are repossessed, drivers who rely on leased vehicles for their livelihoods have been left scrambling raising questions about how an industry that benefited from strong demand ended up so exposed.

Kenneth Lee, Honorary Treasurer of the Vehicle Rental Association, and Ng Chee Haw, General Manager at Bolt Car Leasing, join the Breakfast Show to unpack what’s driving the shake-out, from COE volatility and aggressive price competition to debt-fuelled expansion, and what drivers should realistically be watching out for as the sector recalibrates.

Singapore&rsquo;s car leasing sector has seen significant upheaval over the past year, with more than 220 firms shutting down in 2025 alone. As rental companies fold and fleets are repossessed, drivers who rely on leased vehicles for their livelihoods have been left scrambling raising questions about how an industry that benefited from strong demand ended up so exposed.
Kenneth Lee, Honorary Treasurer of the Vehicle Rental Association, and Ng Chee Haw, General Manager at Bolt Car Leasing, join the Breakfast Show to unpack what&rsquo;s driving the shake-out, from COE volatility and aggressive price competition to debt-fuelled expansion, and what drivers should realistically be watching out for as the sector recalibrates.

Insightful discussions on the latest market events and the top companies to watch.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.