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Taxi medallion price falls to new low

Published 04/05/2017, 10:04 AM
© Reuters.  Taxi medallion price falls to new low
MFIN
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  • A taxi medallion changed hands for $241K last week, setting a new low for the asset in the 21st century. As recently as 2013, some sales took place for more than $1.3M.
  • There are currently 13.6K yellow-taxi medallions in NYC, and more than 50K Uber and Lyft cars.
  • MFIN down 0.25% today, down 77% Y/Y.
  • Source: NYPost


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