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Lyft Increases Fares in 6 Cities in April 2016

Lyft Increases Fares in 6 Cities in April 2016

In the past two weeks, Lyft had increased prices in 6 markets. This may be caused by some of the seasonal price increases on Uber but only a few cities overlap. In addition, Lyft cut fares in Louisville:

Fare Increases:

Fare Decrease

Fare Increase Data:

Fresno (10% increase. They raised the per-mile rate to 83 cents on April 4th, then to 85 cents this week. Not sure why)

3/31/20164/13/2016Change
Base $        1.00 $        1.000%
Cancellation $        5.00 $        5.000%
Minimum $        3.50 $        4.0014%
Mile $        0.71 $        0.8520%
Minute $        0.09 $        0.1011%
Safety $        1.75 $        1.750%

Orange County (17% increase)

3/31/20164/4/2016Change
Base $             – $             –
Cancellation $        5.00 $        5.000%
Minimum $        4.00 $        5.0025%
Mile $        0.93 $        1.0513%
Minute $        0.14 $        0.1721%
Safety $        1.95 $        1.950%

Indianapolis

4/4/20164/13/2016Change
Base $        1.25 $        1.250%
Cancellation $        5.00 $        5.000%
Minimum $        4.00 $        4.000%
Mile $        0.70 $        0.8014%
Minute $        0.14 $        0.157%
Safety $        2.10 $        2.100%

Inland Empire (18% increase)

4/4/20164/13/2016Change
Base $             – $             –
Cancellation $        5.00 $        5.000%
Minimum $        3.50 $        4.0014%
Mile $        0.73 $        1.0037%
Minute $        0.15 $        0.150%
Safety $        2.45 $        2.450%

Pittsburgh (9% increase)

4/4/20164/13/2016Change
Base $        1.20 $        1.308%
Cancellation $        5.00 $        5.000%
Minimum $        4.00 $        5.5038%
Mile $        0.91 $        1.0819%
Minute $        0.16 $        0.160%
Safety $        1.60 $        1.600%

Raleigh Durham (23% increase)

4/4/20164/13/2016Change
Base $        1.00 $        1.000%
Cancellation $        5.00 $        5.000%
Minimum $        3.00 $        4.0033%
Mile $        0.70 $        0.723%
Minute $        0.09 $        0.1567%
Safety $        1.80 $        1.800%

Fare Decrease

Louisville (8% fare decrease)

4/4/20164/13/2016Change
Base $        1.00 $        1.000%
Cancellation $        5.00 $        5.000%
Minimum $        5.00 $        3.50-30%
Mile $        1.05 $        0.97-8%
Minute $        0.18 $        0.15-17%
Safety $        1.60 $        1.600%
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