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| Why did Wirral cap numbers in 1974? http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=3&t=3353 |
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| Author: | JD [ Thu Mar 09, 2006 10:01 pm ] |
| Post subject: | Why did Wirral cap numbers in 1974? |
Can anyone shed any light as to why Wirral changed to a policy of quantity control in 1974? Was it agitation from owners or was it the brainchild of the council? Wirall capped numbers at 84 but Liverpool around 73/74, before they opened up the town had in the region of 300 cabs . When you compare the two licensed areas today Liverpool has 1417 and wirral around 215, thats a massive percentage difference in the space of thirty years. It is also worth considering that despite the large increase in numbers, restricted Liverpool enjoys a plate premium of around 45 grand while unrestriced Wirral has none. If a cap was put on Wirral licenses tomorrow, would anyone care to guess what the plate value might be? Regards JD |
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| Author: | Doom 101 [ Sun Mar 12, 2006 12:50 pm ] |
| Post subject: | |
Only a Wirral cabbie could hazard a guess, however I think Liverpool having de-reg once has made a mistake by restricting again. Allowing the plates to attract a premium, will end in tears eventually. Once a LA has deristricted, with all the pain that goes with it, and the market has found a level, it should be left alone, as in London. |
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| Author: | TDO [ Sun Mar 12, 2006 4:25 pm ] |
| Post subject: | Re: Why did Wirral cap numbers in 1974? |
JD wrote: If a cap was put on Wirral licenses tomorrow, would anyone care to guess what the plate value might be?
Tomorrow, very little, I would say, but who knows a few years down the line? |
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| Author: | JD [ Sun Mar 12, 2006 8:34 pm ] |
| Post subject: | Re: Why did Wirral cap numbers in 1974? |
TDO wrote: JD wrote: If a cap was put on Wirral licenses tomorrow, would anyone care to guess what the plate value might be? Tomorrow, very little, I would say, but who knows a few years down the line? When Bolton put a cap on plates a few years ago they immediately attained a value of ten grand. They now stand at 12 grand. I would have thought Wirral might be around ten grand depending on what the rents are? Regards JD |
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| Author: | TDO [ Mon Mar 13, 2006 11:14 pm ] |
| Post subject: | |
Yes, and I think we discussed this a while ago, but if a plate is valued on the basis of excess profits then to that extent there would be no difference the day after restriction and it would take a while for the market to distort sufficiently for excess profits to arise. But there may be a residual value in plates that isn't due to excess profits, but how exactly that's derived or described I don't know. But I'm surprised it was as high 10k immediatley after restriction, but of course that's not to say that the value is based on anything rational - people new to the trade are often deluded into thinking the job is more profitable than it is. |
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