The Wilson Parking monopoly and Wellington parking prices

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wellygary

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#2059277 20-Jul-2018 12:25

It will be a very interesting case to see go to court ( I suspect Wilson will settle before trial, as an open court will open up their business operations to scrutiny they will want to avoid)

But if it did go to court I think Wilson would win based on the law cited, as at the time of the acquisition there was considerable competition for them (James smith- 850 places (400 meters away) , and Readings -900 places - 700 metres away)

HOWEVER, 6 month after the acquisition this competition was eliminated by the Kaikoura Earthquake.....

IMHO ( and IANAL) The Commerce commission really be arguing Section 36 , taking advantage of Market power....

http://www.comcom.govt.nz/business-competition/fact-sheets-3/taking-advantage-of-market-power/

Rikkitic

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#2059282 20-Jul-2018 12:32

There was an item on the news last night about Brisbane having the most expensive parking in all of Australia. Lack of competition (Wilson's again) seems to be a major factor in this.

Plesse igmore amd axxept applogies in adbance fir anu typos

Kyanar

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#2059289 20-Jul-2018 12:52

Rikkitic:

There was an item on the news last night about Brisbane having the most expensive parking in all of Australia. Lack of competition (Wilson's again) seems to be a major factor in this.

No. Wilson is the weaker competitor, with the majority of the gouging resulting from Secure Parking's immense market presence. At $55 AUD per day we're still beaten out by one or two places in Melbourne charging $72 AUD per day, and it doesn't help that Brisbane City Council itself joins in and charges the same monopoly prices ($500 for monthly parking? Get out, even Secure doesn't dare charge like that!)

Brisbane does also supposedly have the cheapest hourly parking of the three major capitals (apparently $12 is cheap). Least that's what I saw of the article, and I'm not paying money to read the Courier Mail.

timmmay

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#2590028 21-Oct-2020 20:47

Wilson Parking has been forced by the commerce commission to give up the lease on three Wellington parking buildings as it has materially reduced competition. They also had to pay $500K to the commerce commission for legal costs.

It's a good start, I guess.

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