Saturday, February 24, 2018

Lyft is up sharply in NYC as e-hail services stomp taxis . Company's market share has grown by more than 50% . amid surge in app-based car service

Crain's New York Business reports:
As of November, the most recent month for which figures are available, Lyft held 17.6% of New York’s ride-share market, up from 11.5% in the same period in 2016, according to the Taxi and Limousine Commission. The increase of 6.1 percentage points represents a 53% gain in market share.

Uber’s share fell to 68.8% in November from 73% the previous year. (In keeping with its larger size relative to Lyft, Uber’s driver center in Long Island City is 34,000 square feet.)

All of New York’s ride-hail services, however, including Juno and Via, saw growth last year, as the overall number of trips shot up 65%, to 15.8 million, for November. The number of taxi trips, which have been in a long decline, dropped 8%, to 9.3 million.
The NYC taxi cartel in decline...