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birdwatcherUnder Pressure From Uber, Taxi Medallion Prices are Plummeting: The average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent percent from a peak reached in the spring of 2013. In other big cities, medallion prices are also falling, often in conjunction with a sharp decline in sales volume.
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Date: 2014-11-29 04:36 pm (UTC)