Taxi medallion price falls to new low

|By:, SA News Editor

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