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
Car App information about road accidents, jammed roads, police traps on your route. Some software also automatically sends data about your location to your friends and family if you opt to. New apps can also work as collision prevention system – they can detect when the car in front suddenly starts to stop using smartphone cameras. Real traffic information is a usual feature of modern vehicle software – a user can shake his smartphone to notify others about jammed street; the app can also offer you an alternative way to your destination to avoid standing in a line. Car Sharing Apps A