Taxi Driver Online

New London black cab sales soar

Production at Coventry has been increased to meet demand
Black cab firm London Taxis International (LTI) have reported a big increase in sales of their new model.
Figures from The Society of Motor Manufacturers and Traders show 469 new TX4 taxis were sold in March, 37% more than the previous year.

The Coventry firm has seen record UK sales in each of the five months since the TX4 was launched.

So far this year it has sold 940 TX4 taxis, a 44% increase over the same period last year.

Matthew Cheyne, from LTI, said: "To meet this demand we have increased our production rate at our Coventry factory.

"The growth in sales is being driven by owners recommending the new TX4 to their fellow cabbies as well as positive feedback from passengers to taxi drivers, not just in London but throughout the UK."

The new TX4 model has been fitted with a cleaner Euro IV compliant diesel engine which runs on 5% Bio-Diesel fuel-mix.

Cool.

Plenty of second hand ones within the next two years.

I think sales have only gone up due to that idiot Red Ken, and his desire to see all of London's cabs off the road, with his idiotic plane to try to reduce the emissions from them by forcing owners to fit extra parts that don't work.
And sales will fall once they are made in China.

What a load of old pony.

The reason drivers are telling other folks to buy is because they have just spent £35,000 and don't want to be made look a fool.

And the reason those folks are buying in the first place is pure one-upmanship. Typical mine is bigger than yours mentality.

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IDFIMH

Why will that happen then Skippy?

Well kimosaby, have you noticed the age of some of London's cabs, and the price of the new ones, I am not exactly sure of the dates when certain cabs have to have this she-it fitted, GBC will let us know, but how many owners could just go out and buy a new cab just like that, and the second hand values will be she-it as well because no one in London will be able to buy one, because they will not pass the fe cking smoke test.
Once all of London's cabs fail the smoke test the only places that will be able to run them will be outside London, so owners in the sticks will pick them up for smarties, just imagine an 05 plate for 8 to 10 k, as that's what will happen, until the cabby's down there stand up to that bar-steward RED KEN

My mates just bought a new TX, he had a fairway and it wasn't worth fitting the conversion.

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stressed controller!!!

Just wait until the other UK authorities start adopting the idea....... just like the congestion charge!

In Fairness, any full time London driver could afford a new cab, it's just some of us (cough) prefer to work less hours than some.

Standard says EU want Euro 5 by 2010.

And LTI weren't best pleased with it.

Statement from LTI Vehicles in response to Evening Standard Article 12.04.07

The publication of an article on Thursday 12 April in the Evening Standard, other publications and associated websites has raised concerns over the future of LTI Vehicles and the continued production of the TX4.

The claim, in the article, that LTI Vehicles will be “killed off” in three years is simply untrue.

The article implies that all taxis will have to meet the new Euro 5 emissions standard by 2010, which is incorrect. There is no requirement for all taxis to meet Euro 5 by 2010. The LTI product has an extension under the new Euro 5 regulations until 2012 and Euro 6 rules until 2015.

There has also been some confusion over which vehicles will have to be Euro 5 compliant and to clarify the situation LTI want to state that any vehicle purchased between now and the introduction of future Euro 5 regulations, will NOT have the regulations applied to that vehicle retrospectively. The new regulations will only apply to new vehicles first registered after the date of introduction of the new regulations.

This is exactly the same as the introduction of Euro 4 regulations. The new TX4 has to be Euro 4 compliant however existing vehicles such as the TX1 and TXII can still be driven and used on the roads as a taxi.

Currently the Public Carriage Office requires all taxis to meet the Euro 3 emissions standards by July 2008 but have confirmed that they have no further plans for increasing this.

The article in the Evening Standard was based on a submission by LTI to a Parliamentary Committee written in May 2006; the information is therefore nearly one year out-of-date. The article overstates the business challenges faced by LTI and overemphasises information in our submission to the Parliamentary Committee.

Furthermore the submission was also made before the signing of a legally binding agreement for a joint venture partnership with Chinese car manufacturer Geely Automobile Holdings Limited in November 2006, which has secured LTI Vehicles’ future in Britain.

LTI also successfully launched the TX4 in October 2006, which provides further long-term security for our business. Indeed the success of TX4 has increased vehicle sales by 35% in the last month.

Like all businesses LTI faces continual challenges, which are raised with regulators, politicians and government and LTI will continue to meet these challenges.

LTI are confident that their current strategy and product plans for Euro 5 will continue to meet market requirements for many years to come.

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IDFIMH

LTI still have the problem of licensing authorities removing mandatory orders and in the provinces this is where they will suffer most.

London is LTI's main market and unless the PCO conditions of fitness are relaxed or legally challenged then it will remain LTI's main source of revenue.

However Times are forever changing.

Regards

JD

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Copyright notice © The contents of this post are copyright of JD and are not to be reproduced outside of TDO without written permission.

What a load of sheit LTI are spinning, how the hell are the tx 1 tx2 to be made euro 3 compliant when the smoke reduction kits that RED KEN and the PCO want fitted do not work.
Then there are the idiots who are buying the new tx4 when it will be obsolete in 3 years time, as RED KEN will move the goal posts, when euro 5 and 6 come in
So what are LTI to stick under the bonnet in 2010 feck knows, I cannot see the Chinese fitting anything new or spending a fortune on developing a new engine.
Its about time London;s taxi owners stood up to him and the PCO, or claimed compo for all the time and money waisted.

Mine works fine thanks. The Van Aaken is working great, it's even knocked the engine temp down a bit which is a result for the predicted summer were in for. You've been over influenced by the LCDC propaganda Skippy, don't listen to everything you see or hear on the matter until you've tried it for yourself.

PS, the TX2 is already Euro 3.

Mine works fine thanks. The Van Aaken is working great, it's even knocked the engine temp down a bit which is a result for the predicted summer were in for. You've been over influenced by the LCDC propaganda Skippy, don't listen to everything you see or hear on the matter until you've tried it for yourself.

PS, the TX2 is already Euro 3.


GBC if your PS is to be belived why have you had yours done

Err? Because mine is a TX1............. not a TX2......... which are already Euro 3 compliant...............