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.
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