The emergence of the Frazer Nash Metro. The forthcoming Nissan NV200. Both have made a negative impact on the existing vehicles.
The recent press release that all vehicles Licensed in London from Jan 2018 (4 years away) means that nobody will seek to buy a new TX or Vito at this time, knowing they will soon have no re-sale market.
This will, meanwhile, drive up the price of 2nd hand London vehicles which are much sought after in Manchester , Liverpool and all around the Country.
This has quickly affected Eco City, makers of the Vito Taxi pack. The shares have dropped 24% in the last week or so. Eco City have a net worth minus 1.8 million.
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