Demand for newer used black cabs has driven prices sharply higher as drivers and fleet operators compete for vehicles in a constrained market, according to a taxi trade market assessment. The buying activity has reportedly intensified following a busy summer, with both individual drivers and fleet owners searching for available cabs.
Demand for newer used black cabs has driven prices sharply higher as drivers and fleet operators compete for vehicles in a constrained market, according to a taxi trade market assessment.
The buying activity has reportedly intensified following a busy summer, with both individual drivers and fleet owners searching for available cabs.
The report said demand had "pushed prices of newer cabs through the roof", leaving some prospective buyers unable or unwilling to meet asking prices.
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Demand for newer used black cabs has driven prices sharply higher as drivers and fleet operators compete for vehicles in a constrained market, according to a taxi trade market assessment. The buying activity has reportedly intensified following a busy summer, with both individual drivers and fleet owners searching for available cabs. The report said demand had "pushed prices of newer cabs through the roof", leaving some prospective buyers unable or unwilling to meet asking prices.
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