Taxi medallion values inch up for first time since 2014

The value of taxi medallions has steadily inched upward in the past year for the first time since Lyft, Uber and other e-hail companies flooded the city’s streets with thousands of for-hire vehicles.

According to the city’s Taxi and Limousine Commission, the average medallion value has climbed from $92,565 at the end of the second quarter last year to $140,663 through last month—representing a roughly 52% increase.

That average value is still 87% below the medallion’s $1 million peak in 2014, but the uptick is a glimmer of hope for the industry.

“This is pretty significant news,” said former TLC Commissioner Matthew Daus, who is now president of

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