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Uber-Losers: NYC Taxi Medallion Owners Are Screwed
Uber-Losers: NYC Taxi Medallion Owners Are Screwed
Published: 2017/08/15
Channel: VICE News
The Fall of New York City
The Fall of New York City's Taxi King
Published: 2015/08/27
Channel: Bloomberg
New York taxi medallions sell for $1m
New York taxi medallions sell for $1m
Published: 2011/10/31
Channel: Al Jazeera English
ANGRY TAXI MEDALLION OWNER PUTS NYC TLC IN THEIR PLACE!
ANGRY TAXI MEDALLION OWNER PUTS NYC TLC IN THEIR PLACE!
Published: 2017/04/10
Channel: Davey Crockettz
San Francisco Could Be On Hook For Defaulting Taxi Medallion Loans
San Francisco Could Be On Hook For Defaulting Taxi Medallion Loans
Published: 2017/12/19
Channel: KPIX CBS SF Bay Area
NYC Taxis Explained
NYC Taxis Explained
Published: 2015/02/20
Channel: CityLove
Credit union suing San Francisco over ‘worthless’ taxi medallions
Credit union suing San Francisco over ‘worthless’ taxi medallions
Published: 2018/03/31
Channel: ABC7 News Bay Area
How City of New York Sold Out Taxi Drivers and their Families to Uber
How City of New York Sold Out Taxi Drivers and their Families to Uber
Published: 2016/05/19
Channel: Gotham Government Relations & Communications
Is Uber Killing the Yellow Taxi in New York City?
Is Uber Killing the Yellow Taxi in New York City?
Published: 2016/05/27
Channel: Motherboard
New York’s Taxi Kingpin Wins a Round in Court over Taxi Medallions
New York’s Taxi Kingpin Wins a Round in Court over Taxi Medallions
Published: 2015/06/17
Channel: TheStreet: Investing Strategies
Illegal Everything: Taxi Monopolies
Illegal Everything: Taxi Monopolies
Published: 2016/09/20
Channel: John Stossel
City
City's Taxi Industry Hurting
Published: 2017/04/14
Channel: CBS Chicago
Panel Discuss investigators looking at Cohen
Panel Discuss investigators looking at Cohen's ownership of New York City Taxi Medallions. #Cohen
Published: 2018/04/11
Channel: Macan Face
Final season for Medallion Yellow Crown Victoria NYC Taxi - Summer 2018
Final season for Medallion Yellow Crown Victoria NYC Taxi - Summer 2018
Published: 2018/07/05
Channel: trainluvr
Uber and the Great Taxicab Collapse
Uber and the Great Taxicab Collapse
Published: 2015/08/27
Channel: ReasonTV
IMMIGRANTS BUY MEDALLIONS FOR MILLIONS, NYC SAYS GO SCREW YOURSELF
IMMIGRANTS BUY MEDALLIONS FOR MILLIONS, NYC SAYS GO SCREW YOURSELF
Published: 2017/04/11
Channel: Davey Crockettz
Filing for Bankruptcy as a Taxi Medallion
Filing for Bankruptcy as a Taxi Medallion
Published: 2017/08/08
Channel: Elaine Fridlin Esq.
S.F. Mayor Responds to Credit Union Lawsuit Over Taxi Medallions
S.F. Mayor Responds to Credit Union Lawsuit Over Taxi Medallions
Published: 2018/03/30
Channel: KPIX CBS SF Bay Area
Mobile apps threaten New York
Mobile apps threaten New York's taxi industry
Published: 2017/03/14
Channel: Al Jazeera English
Taxi industry fighting back against Uber
Taxi industry fighting back against Uber
Published: 2015/07/22
Channel: WFLA News Channel 8
TAXI DRIVERS ENDING THEIR LIVES DUE TO UBER AND LYFT   3-29-2018
TAXI DRIVERS ENDING THEIR LIVES DUE TO UBER AND LYFT 3-29-2018
Published: 2018/03/29
Channel: NEWZZCAFE
Sept 25th, 2017 - NYC COUNCIL DISGUSTED WITH DO-NOTHING TLC COMMISSIONER MEERA JOSHI
Sept 25th, 2017 - NYC COUNCIL DISGUSTED WITH DO-NOTHING TLC COMMISSIONER MEERA JOSHI
Published: 2017/09/26
Channel: Davey Crockettz
Lawyers say taxi medallion value is diminished
Lawyers say taxi medallion value is diminished
Published: 2014/02/19
Channel: Chicago Tribune
The boom and bust of Michael Cohen
The boom and bust of Michael Cohen's taxi business
Published: 2018/05/23
Channel: Washington Post
Uber vs yellow cabs: A living nightmare for New York taxi drivers
Uber vs yellow cabs: A living nightmare for New York taxi drivers
Published: 2018/07/05
Channel: FRANCE 24 English
Price of a New York taxi medallion reaches $600,000
Price of a New York taxi medallion reaches $600,000
Published: 2015/07/21
Channel: AP Archive
Yellow taxi driver salary ( My income driving a yellow cab in NYC )
Yellow taxi driver salary ( My income driving a yellow cab in NYC )
Published: 2017/07/29
Channel: Funny Boris
NYC Taxi Medallion
NYC Taxi Medallion's Falling Values | Legal Remedies | Expert Legal Counsel | Save Time & Money
Published: 2017/05/09
Channel: Michael Spevack Law Firm
Extended Q&A Session for "The ‘Uber’ Problem for the Taxi Medallion Industry” Webinar
Extended Q&A Session for "The ‘Uber’ Problem for the Taxi Medallion Industry” Webinar
Published: 2016/01/06
Channel: S&P Global Market Intelligence
Sarena G. - TR Taxi Medallion Story
Sarena G. - TR Taxi Medallion Story
Published: 2018/04/25
Channel: Re Gerard
The “Uber” Problem for the Taxi Medallion Industry
The “Uber” Problem for the Taxi Medallion Industry
Published: 2015/11/18
Channel: S&P Global Market Intelligence
ATTENTION NYC TAXI MEDALLION OWNERS! MEDALLIONS WANTED! WB TAXI
ATTENTION NYC TAXI MEDALLION OWNERS! MEDALLIONS WANTED! WB TAXI
Published: 2017/08/01
Channel: WB Taxi
2013 Taxicab Driver Excellence Award
2013 Taxicab Driver Excellence Award
Published: 2014/03/28
Channel: cityofchicagotv
The Once coveted $1 million Taxi medallions are now worth $175,000 and New York City Taxi...
The Once coveted $1 million Taxi medallions are now worth $175,000 and New York City Taxi...
Published: 2018/06/01
Channel: Justin Mohr
The war over taxi medallions
The war over taxi medallions
Published: 2009/02/10
Channel: PhilBronstein
Panel 1 - Summit on The Future of the Taxi Medallion System
Panel 1 - Summit on The Future of the Taxi Medallion System
Published: 2017/07/03
Channel: University Transportation Research Center - Region 2
How much is a New York City taxi medallion
How much is a New York City taxi medallion
Published: 2018/07/15
Channel: Arif Hidayat
Heartbreaking Video: Taxi Drivers on UberX in Toronto.
Heartbreaking Video: Taxi Drivers on UberX in Toronto.
Published: 2015/12/12
Channel: The Red Couch
New York taxi medallions sell for $1m
New York taxi medallions sell for $1m
Published: 2017/12/14
Channel: Tobie Boley
Taxi medallions once belonging to Evgeny Freidman sold for $24MILLION
Taxi medallions once belonging to Evgeny Freidman sold for $24MILLION
Published: 2018/06/15
Channel: Mini News
The Economics of Uber
The Economics of Uber
Published: 2018/07/13
Channel: PolyMatter
Summit on The Future of the Taxi Medallion System - Opening Remarks by Councilman Ydanis Rodriguez
Summit on The Future of the Taxi Medallion System - Opening Remarks by Councilman Ydanis Rodriguez
Published: 2017/06/28
Channel: University Transportation Research Center - Region 2
Taxi Medallion Owner
Taxi Medallion Owner's Protest against Uber
Published: 2015/08/13
Channel: cool guy
(TAXI) Medallion Financial Corp.
(TAXI) Medallion Financial Corp.
Published: 2013/11/15
Channel: Bill Gunderson
Taxi Medallion Conspiracy - It
Taxi Medallion Conspiracy - It's a Racket!!! #TO4Uber
Published: 2015/06/14
Channel: Amish Patel
2017 Summit on The Future of the Taxi Medallion System - Closing Remarks by  Nora Constance Marino
2017 Summit on The Future of the Taxi Medallion System - Closing Remarks by Nora Constance Marino
Published: 2017/07/03
Channel: University Transportation Research Center - Region 2
NYC Taxi Driver Kills Himself at City Hall
NYC Taxi Driver Kills Himself at City Hall
Published: 2018/02/11
Channel: Parviz DoV
SP18 last Round 8am Taxi Medallion
SP18 last Round 8am Taxi Medallion
Published: 2018/04/23
Channel: Economics Is Everywhere
Breaking News | What taxi medallions can teach us about cryptocurrencies
Breaking News | What taxi medallions can teach us about cryptocurrencies
Published: 2018/05/25
Channel: Breaking News 24/7
A&G Taxi Medallion Mgmt - Russian TV Ad Commercial
A&G Taxi Medallion Mgmt - Russian TV Ad Commercial
Published: 2010/08/12
Channel: RebelMediaVideo
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WIKIPEDIA ARTICLE

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A San Francisco taxi medallion

A taxi medallion, also known as a CPNC (Certificate of Public Necessity and Convenience), is a transferable permit in the United States allowing a taxi driver to operate. A number of major cities in the US use these in their taxi licensing systems, including New York, Boston, Chicago, Philadelphia, and San Francisco. Medallions may be worth hundreds of thousands of dollars. The New York medallions are the most valuable, once peaking at over one million dollars. With the introduction of peer-to-peer ridesharing services, the taxi industry has faced competition, and the price of medallions has dropped substantially.

According to The Washington Post, medallions were "the best investment in America",[1] but—due to increased competition from app-based car services and transportation network company growth from companies like Uber and Lyft—taxi medallions are now decreasing in price.[2][3]

Historical prices[edit]

Boston[edit]

In 2013, the price of a medallion was $625,000.[4] In 2014, that price had risen to around $700,000.[5]

Cambridge[edit]

In 2014, a medallion was worth nearly $700,000.[5]

Chicago[edit]

The total value of all medallions and assets related to them had a value of $2.5 billion in Chicago in 2013.[6] In 2012, medallion prices ranged from $87,000 to $385,000.[7] In 2015, Chicago's average medallion price was under $230,000, down 30% from 2014.[6] In 2018, they had dropped to a range of $30,000 to $100,000.[8]

A New York City taxi medallion

New York City[edit]

The total value of all medallions and assets related to them had a value of $16.6 billion in New York City in 2013.[6]

In 1962, the market value of a medallion was around $25,000. The price rose steadily. In 2005, an individual medallion was around $325,000 while a corporate medallion was approximately $375,000.[9] Around 2010, the market value of a medallion was around $600,000. It peaked around 2013 at over $1,000,000. Between 2014 and 2015, New York City's non-corporate medallion price dropped 45%.[6] In 2015, the price had fallen to approximately $650,000.[10]. In 2018, you can now purchase a medallion for less than $200,000.[11]

Philadelphia[edit]

In 2005, the value of a medallion was roughly $65,000 to $80,000.[12][13]

San Francisco[edit]

Prices were once $250,000, but are now much less due to Uber and other similar services.[14]

See also[edit]

References[edit]

External links[edit]

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