The licenses of the taxi expensive to 12.3% of the races, CNMC dixit

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When a self decides to become a taxi driver, can’t do that without more, requires a license, which are granted by public administrations to exchange for a symbolic price or very reduced. That license is one of the requirements to be able to operate, although there may also be wage and salaried workers that move the taxi of another licensee.

As such licenses are not nominal, the taxi drivers may offer to other aspiring taxi drivers in the secondary market. In fact, several websites sales on the Internet have specific sections of taxi licenses, and are offered for prices that exceed 120,000 euros in a multitude of cases. where that money goes? Often go to the piggy bank-retirement of a taxi driver that is removed.

The arrival of the applications VTC is limiting or reducing the price of the licenses to be transferred

The National Commission of Markets and Competition (CNMC) has revealed in a report, based on the metropolitan area of Barcelona, that the licenses are carried forward by an average of 134.115 euros. For a taxi driver who has been working 30 years, your sale will be a huge business. There is also speculation with licenses VTC, but do not reach the third part of that quantity, they tend to be placed by 40,000-50,000 euros.

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According to the CNMC, the licensing they have”no intrinsic value” in spite of the price of transaction

The CNMC says that the profitability obtained by a license has been of 503% from 1987 through to 2016, the double of that he has won the IBEX-35 in 30 years. Few investments get a return of over 9% in annual rate, according to agency calculations.

however, this profitability includes an inflated price that you are paying users. Having a greater liberalization in the sector, the CNMC believes that the races could become cheaper 12.3% as little. This comes at the story of the controversial relationship of 1 VTC (rental car with driver) every 30 taxis.

The premium costs in Catalonia more than € 60 million per year

taxi drivers are asked to not grant more licenses to the VTC because it has already been broken in the ratio 1:30 (well it is 1:12), because during the time that was current law the Omnibus, the limit was lifted (back in 1987) and were granted thousands of licenses VTC. To a greater number of licenses, more competition. The CNMC to qualify for the taxi as a service in a regime of monopoly, as if it were Tobacco or the former CAMPSA.

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In other words, the customer can choose from different taxi companies with different prices -as in Japan – but hop in a taxi or on another regulated rates. Well it is true that the rates do not put the taxi drivers, but no less true is that it agrees with the city of turn and the representatives of the guild. The VTC set their prices freely.

right Now Uber and Cabify have broken that monopoly and put in the garlic to thousands of vehicles with a driver who performed a service very similar, and that the customer is usually perceived as of higher range. The taxi drivers talk of unfair competition and that these platforms do not pay taxes in Spain. Cabify yes it does, in addition, each VTC pays its own taxes, and have more fiscal pressure than the taxi drivers who declared by modules.

Uber and Cabify do not have fleets of their own, broker between companies of VTC and passengers

The Government is not for the work of further licenses from being granted to VTC, but de facto are granted in the courts, because the licenses ordered during the validity of the law Buses do not have to respect the ratio of 1:30. The taxi drivers are facing a new scenario: to have competition. In addition, the number of taxi licenses or has been maintained or decreased -depends on the city – from the 80’s as a general rule.

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The recent national protest that starred in the guild, the largest in Spain, is pressured to not granting any more licenses VTC. The licenses have not been granted in the first instance are being granted by the Supreme Court. Or the Government can stick there noses that is why the separation of powers.

Between 2009 and 2013 was not in force the rule of 1 VTC each 30 taxis

The CNMC considers that it is good that there is more competition for the transport is more economical for the citizens. taxi drivers do not want an opening up of the market were detrimental to. In the long term, the values of the licenses will no longer be so attractive, the expectation of return will not be the same. Already peaked in price of licenses.

what Is different move in a taxi, a car that provides Uber, or one that brings Cabify? According to the CNMC, no, services are economically identical. They operate differently and with different rules, but the purpose is the same: to bring customers from point a To point B. With mobile applications is much more easy to get a car with a driver, while in 1987, when it put the ratio 1:30, we were talking about basically drivers of a limousine, and its use was residual.