Newyork Wants to Boot Out Ridesharing Services

Posted on by susan

Newyork”s current taxi medallion system is failing. Driver-owners can barely meet lease agreements, and the price of medallions is teetering.

The entry of Uber, Lyft and other ridesharing services in Newyork come as a relief to aspiring cab owners and riders. But the city”s taxi industry is taking non of that. They recently engaged this free cabbie market in stormy legal battles.

Of course, the politically affiliated medallion owners got the upper hand. Alluding that everything was okay since 1930 until the ridesharing services arrived. Now, the value of this treasured medallions is plummeting.

There are roughly 13,000 taxi medallions in NewYork, and for a long time, they sold at $1 million and even more. Today, the same medallions are worth less than $200,000. And that has left many owners with steep loans which they cannot afford to service.

This inequity trickles down to riders too and that, in a way, fuels the cycle of debt. However, this problem is not going away soon. The city is tightening taxi regulation again, in an attempt to make a recap after almost running out of business.

These 4 Cars Have Got the Entire Taxi Industry Drooling

Posted on by susan

Cabbies have been turning cold hard cash to expenses for ages now – thanks to the evolving automobile industry.

Some places, like Mexico City, still allow classics such as the VW Beetle to pick up fairs. Mosco, on the other hand, boasts of having a fleet of yellow Porche cabbies. That”s fine. But these two examples, are not the most convenient cars for the taxi business.

Whether you are looking to join a taxi company or fly solo, here are some of the most cabbie friendly autos today.

Sodka Superb

Superb”s new sleek design, fuel efficiency, and generous legroom make it

perfect for the taxi business. It comes in two flavors: a hatchback with plenty of room for luggage and the sedan that looks better than its counterpart.

The reason why taxi companies love this car is probably the fact that it”s affordable. Plus, it has enough space in the back seat to accommodate three six-foot men.

Mercedes Benz V-Class

You can think of this luxury MPV as a replacement of the aging Viano. The Mercedes Benz V-Class comes with an executive, plush and stylish look. That makes it ideal for people who intend to ferry groups or transport valuable stuff.

Citroen Berlingo Multispace

This MVP might not be the most modish family car out there. But it”s a perfect match for people looking for practical, low maintenance and good value car for their cabbie business. The auto features seven seats and impressive performance.

Toyota Prius

This hatchback from Toyota may not have the most attractive looks, but it has caught the attention of the taxi industry. Its hybrid engine makes it economical. And the car”s reliability scale is way above other vehicles in its class.