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
Easy Taxi Easy Taxi Easy Taxi is a mobile E-hailing application available in 30 countries. The app allows users to book a taxi and track it in real time. The same iOS, Android, or Windows Phone app can be used in all places in which the partner taxis operate. Easy Taxi was founded in 2011 in Brazil and has since expanded globally, covering the network of 30 countries and more than 420 cities. As of December 2014, the company reported it reached the number of 17 million users and more than 400,000 taxi drivers are affiliated with an Easy Taxi network. The