AutoMarketplace Founder Dawood Mian sits down with three NYC TLC leasing company owners to speak about their businesses, how they think about the market and their thoughts on being called "predatory"
Think you've got to the core issue, drivers aren't making enough money (revenue) to justify costs they were previously paying (back in 2017-2019). Cost inflation is outstripping any earnings increases. As many understand, adding more *new* TLC-plated vehicles, might make the situation worse for everyone.
If they add more plates this industry will crush, it's already on bottom level, drivers saying they needed their own plates, becouse they dont want to pay rentals companies.) look at Facebook all those tesla for rent, people got plates and ev car to rent it out ,not to work by themselves. Now nobody making money, not owner ,not renters, only city.They have to do investigation how this happens, they can add 1000,000 plates but uber will not open account, uber does not have so much work for drivers. City obliged uber to pay driver around 25-30$ per hour, there is no so many work for 110.000 cars . Tlc must remember that first role of it organization safety and earning money for drivers, not to collect money from tlc licences and holder of tlc driver licence,
Very well put, everything gets back to *TLC driver earnings*. Adding more cars, when there are already too many, long Uber/Lyft waitlists, struggling yellow cab industry, etc - it’s going to lead to an unsustainable situation. The “Planner” / “lockouts” might even return for existing Uber/Lyft drivers.
Drivers have misdirected anger towards leasing companies, the real problem is that drivers are not making enough money
Think you've got to the core issue, drivers aren't making enough money (revenue) to justify costs they were previously paying (back in 2017-2019). Cost inflation is outstripping any earnings increases. As many understand, adding more *new* TLC-plated vehicles, might make the situation worse for everyone.
If they add more plates this industry will crush, it's already on bottom level, drivers saying they needed their own plates, becouse they dont want to pay rentals companies.) look at Facebook all those tesla for rent, people got plates and ev car to rent it out ,not to work by themselves. Now nobody making money, not owner ,not renters, only city.They have to do investigation how this happens, they can add 1000,000 plates but uber will not open account, uber does not have so much work for drivers. City obliged uber to pay driver around 25-30$ per hour, there is no so many work for 110.000 cars . Tlc must remember that first role of it organization safety and earning money for drivers, not to collect money from tlc licences and holder of tlc driver licence,
Very well put, everything gets back to *TLC driver earnings*. Adding more cars, when there are already too many, long Uber/Lyft waitlists, struggling yellow cab industry, etc - it’s going to lead to an unsustainable situation. The “Planner” / “lockouts” might even return for existing Uber/Lyft drivers.
Keep us posted on today court decision. Thank u
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