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Uber Increases Fares in Another 5 Cities in Mid May

Uber Increases Fares in Another 5 Cities in Mid May

Before I had a chance to run my weekly script to get the Uber fares in each city, Harry over at the Rideshare Guy informed me of a price increase in a few cities this past weekend. I was traveling a bit this weekend so didn’t get a chance to collect it until yesterday.

Uber increased fares in 5 cities. Many of the price increases were an adjustment from the extreme price cut they implemented in January. You can read about the 48 cities that got their price cut in January. From my tally, only 22 of the 48 cities got price increases but none of them are at their 2014 price levels, up from 19 as of last week.

Here are the list of cities that had a price increase on May 12th

I still believe that over time, prices will increase to level we saw late in 2014 but it will be quite some time before that happens. When Uber decides to focus on profit rather than growth will be when rates will increase, but it may also come with higher commissions from the recent articles today.

Take a look below for more details on it.

Hampton Roads (Virginia Beach)

14% increase, but still 27% down from early January.

36%14%27%
1/6/20155/12/20155/19/2015Jan DecreaseMay IncreaseDifference
Base Fare $       1.50 $        1.00 $        1.1533%15%23%
Minute $       0.20 $        0.15 $        0.1725%13%15%
Mile $       1.60 $        0.80 $        0.9050%13%44%
Safety $       1.00 $        1.00 $        1.000%0%0%
Min Fare $       5.00 $        4.00 $        5.0020%25%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Indianapolis

6% increase, but still 16% down from early January

20%6%16%
1/6/20155/12/20155/19/2015Jan DecreaseMay IncreaseDifference
Base Fare $       1.25 $        1.25 $        1.250%0%0%
Minute $       0.27 $        0.18 $        0.1833%0%33%
Mile $       1.10 $        0.80 $        0.9527%19%14%
Safety $       1.00 $        1.00 $        1.000%0%0%
Min Fare $       2.25 $        2.25 $        2.250%0%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Memphis

9% increase, but still 21% down from early January

54%9%21%
1/6/20155/12/20155/19/2015Jan DecreaseMay IncreaseDifference
Base Fare $       0.80 $             – $        0.70100%13%
Minute $       0.20 $        0.15 $        0.1525%0%25%
Mile $       1.35 $        0.85 $        1.0037%18%26%
Safety $       1.00 $        1.00 $        1.000%0%0%
Min Fare $       4.00 $        4.00 $        4.000%0%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Orange County

11% increase, but still 14% down from early January

44%11%14%
1/6/20155/12/20155/19/2015Jan DecreaseMay IncreaseDifference
Base Fare $       0.80 $             – $             –100%
Minute $       0.21 $        0.18 $        0.1814%0%14%
Mile $       1.10 $        0.90 $        1.1018%22%0%
Safety $       1.00 $        1.00 $        1.000%0%0%
Min Fare $       4.00 $        4.00 $        4.000%0%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Salt Lake City

9% increase, but still 12% down from early January.

18%9%12%
1/6/20155/12/20155/19/2015Jan DecreaseMay IncreaseDifference
Base Fare $       1.15 $        1.00 $        1.0013%0%13%
Minute $       0.18 $        0.15 $        0.1617%7%11%
Mile $       1.40 $        1.05 $        1.2525%19%11%
Safety $       1.00 $        1.00 $        1.000%0%0%
Min Fare $       4.00 $        4.00 $        4.000%0%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%
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