Taxi company uses the high COE as a excuse to tag their rental
rate higher, as long the take up rate is there, it will
continue.
THe Supply + Demand = Price theory
i will not sign up for new car (taxi) at $11x per day rental, it
only highlight to the management the acceptance level and
possibilities of increasing the older car rental.
eg.
When the take up rate is good at $11x per day and TD are getting
use to this amount, those $8X rental seems too cheap and a raise to
a slightly below $100 can become acceptable and "reasonable". So
down the line, all TD will be effected.
So the best is boycott the $11x rental rate, let the management
know that this amount is far from acceptance level.
Anyway, TD cost are way too high presently. At $11x per day +
Petrol, one got to drive solid 7 to 8 hours a day to cover cost if
lucky, how many more hours can we drive for our living thereafter,
everyday basis.
so..costs go up but salary remains the same. in fact for TDs it
is a pay cut.
so..like that how the economy go around, less pay spend less, in
the end no one is spending money. company takes the extra money but
does not give their staff salary increase then where the money
go.