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ISTR that the checked cabs were made more or less unchanged from the late 50's to the 70's.
Rules on car age probably vary between cities, but in general it is not common to see cars over 25 years old in cab service. At some point a fleet becomes too old, beat up and or rusty to ecconomically maintain. That said limo/livery services (think taxis for rich executives/special events) often have 1 or more very old/classic cars in their fleet for certain events and tastes.
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