Taxi medallion to "The Washington Post", medallions were "the best investment in America", but—due to increased competition from app-based car services and transportation network company growth from companies like Uber and Lyft—taxi medallions are now decreasing in price. In 2013, the price of a medallion was $625,000. In 2014, that price had risen to around $700,000. In 2014, a medallion was worth nearly $700,000. The total value of all medallions and assets related to them had a value of $2.5 billion in Chicago in 2013. In 2012, medallion prices ranged from $87,000 to $385,000. In 2015, Chicago's average medallion price was under
Hailo Hailo Hailo was a British technology platform that matched taxi drivers and passengers through its mobile phone application. Founded in London in 2011, the Hailo taxi service was available in 16 cities (as of December 2013). By May 2013, Hailo had enabled more than 3 million rides for passengers from over 30,000 registered taxi drivers. The Hailo Passenger App was available as a free download from the App Store and Google Play for both iOS and Android devices. In late 2016 Hailo was absorbed by mytaxi, a German e-hailing company belonging to Daimler Financial Services, to form the largest e-hailing