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AutoMarketplace NYC is invaluable at this most important time and plays a significant role in the information that is needed especially for those of us who are in the industry. Thank You!

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🙏

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Sep 27, 2023·edited Sep 27, 2023Liked by AutoMarketplace

So according to Do, the SHL program is due to needing to insure outer borough service. Yet when asked about congestion he claims the 90k Ubers do 80% of their trips in the outer boroughs. Sounds like there are vastly sufficient cars for outer borough service. I do like that they are trying to help the Green cab Medallion owners get back on the road but the numbers are absurd. How many Yellows are on the road now, 7,000 in mostly single shifts? Vs 90,000 Ubers? One class literally added a-l-l of the congestion.

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Right now, according to his disclosure, he states ~4,700 medallions remain in inactive/storage. If there are roughly 13,500 medallions, then that implies 8,500 to 9,000 yellow cabs should now be active. Based on our conversations with multiple people in the taxi industry, most active cabs are single shifted. Still a long way to go for the taxi industry to recover!

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Sep 27, 2023Liked by AutoMarketplace

Ok. Make it 9,000 vs 90,000 then. 1000% as many Ubers, nice round number. As Carolyn pointed out, the TLC steps in every time there could be natural attrition.

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