Wednesday, January 7, 2015

NYC taxi medallion prices have fallen almost 25% since last year

NYC taxi medallion prices have fallen almost 25% since last year


The New York Times' Upshot blog reports that regular New York City taxi medallion prices have fallen about 23 percent since last year's peak. A medallion now sets taxi drivers back about $805,000. Why are prices plunging? Uber. Well, probably.


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