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Taxi and Limousine Services

SIC 4119 & 4121 | NAICS 485310 & 485320

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.


Select from the following sections or scroll below to view available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources


For guides to other industries, see our index of over 400 industries.




Industry Analysis, Statistics, Trends, and Forecasts


Taxi & Limousine Services  (view report)
Limousine & Town Car Services  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Key statistics
  • Market size and characteristics
  • Current performance
  • Competitive landscape
  • Major companies
  • Key risk and success factors
  • Five-year growth forecast


TLPA
Publications available from this trade association include:

Taxicab Division Fact Book
https://www.tlpa.org/
Annual publication provides statistical data and other information for the taxicab services sector, with topics addressed in the publication including revenue sources by market segment, taxicab rates and fares, fleet composition and operations, driver lease fees, owner driver fees, operating costs per mile by expense category, starting and average hourly wages for employees, and liability insurance costs.

Limousine & Sedan Division Fact Book
https://www.tlpa.org/
Annual fact book provides financial and operating data for the chauffeured transportation sector, with topics covered in this guide including revenue sources by type of service, fleet composition, average annual revenue by type of vehicle, established minimum number of hours and hourly rates by type of vehicle, average number of weekly trips by vehicle type, and average miles driven by type of vehicle.


Bobit Business Media
Publications available from this organization include:

LCT Magazine
https://www.lctmag.com/
Monthly magazine features news and information for owners and managers of chauffeured limousine companies, with special features including the annual "LCT Fact Book & Industry Guide" published in the June issue that provides a statistical overview of this sector based on operator survey responses and other data sources. Current and prior digital editions of this publication can be viewed free online.

LCT Fact Book
https://www.lctmag.com/
Annual fact book provides a statistical overview of the chauffeured transportation industry, with topics covered in this publication including estimated total annual revenue, number of operators, fleet sizes, revenue sources, average hourly vehicle rates, operating expenses as a percentage of annual sales, and net profit margins. Publication is available free online in the June digital edition of LCT Magazine.


Limo Digest
Limo Digest Magazine
http://www.limodigest.com/

Monthly trade publication features news and information for the luxury ground transportation industry, with special features including the annual "Industry Guide" that provides statistical insights on owner demographics, marketing trends and strategies, revenue sources, profitability, fleet composition and average hourly rates, insurance costs, and hourly wages. Magazine is available by subscription only.


Chauffeur Driven Inc.
Chauffeur Driven Magazine
https://www.chauffeurdriven.com/

Monthly journal features news and information for limousine and chauffeured ground transportation companies, with topics addressed in various issues including industry trends, business operations, affiliate management, sales and marketing, social media, human resources, insurance, technology, and industry trade shows and conferences. Digital issues of the magazine are available free online.




Financial Benchmarking Data


Industry Financial Ratios
Taxi and Limousine Services
https://www.bizminer.com  Search for "4853"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


IBISWorld
Taxi & Limousine Services
https://www.ibisworld.com/

Financial benchmarking section of this report provides an analysis of industry income and expenses as a percentage of revenue for companies that provide passenger transportation services by means of taxis, limousines, and other vehicles, with transportation provided at the discretion of a passenger or small group of passengers between locations of their choosing. Sample report is available online.




Compensation Surveys


U.S. Bureau of Labor Statistics
Taxi & Limousine Service
https://www.bls.gov/oes/

Annual employment and wage survey provides hourly and annual wage data on a national, state, and metropolitan area basis for personnel employed by firms which provide these transportation services, with job occupations covered by the survey including reservation clerks, dispatchers, taxi drivers and chauffeurs, automotive service technicians, and vehicle cleaners. Survey data is available free online.


PayScale
Taxicab & Limousine Service
https://www.payscale.com/taxicab / limo

Free online service provides salary, bonus, and hourly wage rate data for selected job positions in this transportation sector such as office manager, reservation clerk, dispatcher, taxi driver, chauffeur, and limo driver, with employers for which salary or wage rates are provided including Boston Coach Corp., Carey International, Inc., Advantage Transportation Group, Inc., and Mears Transportation Group, Inc.


Bobit Business Media
LCT Fact Book
https://www.lctmag.com/

Operator survey section of this annual publication provides average hourly wage rate information for personnel employed by chauffeured transportation companies, with positions covered by the survey including operations manager, affiliate manager, marketing manager, sales manager, reservationist, dispatcher, chauffeur, and mechanic. Survey data is published in the June edition of LCT Magazine.




Business Valuation Resources


Small Business Valuation Multiples

Limousine Services
http://valuationresources.com/

Comprehensive reference guide provides market-based valuation multiples for small businesses that are primarily engaged in providing specialty and luxury passenger transportation services by means of limousines and luxury sedans, with transportation services typically provided on a reserved basis.


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