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How much did a New York City taxi medallion cost at its peak?
Price of one transferable yellow-cab licence, peak around 2013–2014
💡 Only about 13,500 licences exist. Owners bought them like real estate – many with big loans.
Answer
€980,000
€980,000 · Purchase price · 2014
Only about 13,500 medallions exist, so they traded like gold. Once Uber and Lyft arrived, prices crashed by over 80% and many drivers were left with huge loans.
About US$1.3M, converted at the 2014 rate.
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