New Taxis7 Oct 2009 11:27
Revenues from new taxi sales increased by 28% to £6.7m (H1 2008: £5.1m), principally due to the Group's success with the new Mercedes-Benz Vito taxi in the London market. This taxi, using our patented rear wheel steering technology, was co-developed by the Group, our associate company one80, and Mercedes-Benz, The taxi is becoming an increasingly familiar sight on London's streets as its benefits become evident to taxi drivers and passengers alike. The Group sold 196 new Vito taxis in the first half, gaining a 25% share of the sales of new London taxi cabs, taking the total number sold since launch to more than 400.
Sales of the new taxi continue to gain momentum leading to an increasing market share with September's performance the strongest to date.
The Group has also seen sales of the taxi in Coventry, Reading, Manchester, Trafford, Swindon and Milton Keynes, while the licensing authorities in Peterborough, Cambridge, Southampton, Birmingham and Maidstone, have now given approval. The Group appointed agents to sell the Vito taxi in the Midlands, the North West, Scotland, and the South Coast with sales commencing in the second half of 2009. Eco City will be expanding its own operations to the eastern part of England encompassing Luton, Peterborough, Norwich, Southend and Basildon.
Dont think I can ignore these guys much longer!