After years of solid growth and demand through the eighties and nineties, limousine companies are finding it difficult to meet the rising costs of keeping fleets running and updated.
Through the new millennium, limousine company owners said it was fashionable to have specific cars for applications, like black town cars for airport runs and as-directed use, white super stretch units and exotic units used as lead cars for weekend weddings, etc,. But after 9/11/2001, companies leveraged too deeply relying on corporate accounts were stuck with sitting cars, extra drivers and loan payments that crippled their operations.
Metropolitan companies that serviced discerning clients needed to update their cars, almost annually and would funnel their older units to other areas where it didn’t matter as much. But since 9/11, the slow but steady rebound into 2007 came crashing down again in the collapse of the economy in 2008.
An insider view into limo companies that padded bills, raised rates and switched cars on customers in the past are now being investigated, as the current economic conditions have sent many scrambling. eWedNews is interviewing limousine company owners that have had to abandon their cars and in some cases, their families and seek employment in other areas of the country, just to survive.
In the weeks a head we will be sharing some of the stories, as eWN continues to seek the most current information and trends in all wedding related categories. If you are a limousine company and would like to be interviewed, please contact us at Paul@ewednews.com or 516-312-0090.
eWedNews
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2010
Posted on 01/30/2010
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