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Uber Increases Fares for 8 More Cities in April 2016

Uber Increases Fares for 8 More Cities in April 2016

Over the past two weeks, Uber increased fares in 8 cities off of their seasonal price cuts. Unfortunately, Las Vegas and Phoenix got a price decrease. So far this year, Uber cut prices in 125 cities and Lyft reduced prices in about 36 markets. They did the same thing last year by cutting fares in approximately 50 cities. Below are my previous posts about when fares were increased last year after the winter fare cuts:

Here are some of the statistics from last year:

Over the last two weeks, Uber increased fares in 8 markets. The cities that got fare increases were:

So 9 markets received fare cuts in the last two weeks, which brings a total of 18 out of 125 cities that received fare increases after their seasonal fare cut. I expect quite a few more over the next few months. Uber usually cuts fares into the June/July time frame. They also do a summer fare cut in some cities as well so watch out for those come June/July. I don’t believe the fare will ever be restored to their previous levels, unless you received a cut last year as well.

Fare Cut Data:

Las Vegas received another 23% price decrease (price effective today at 10am local time), in addition to the rate cut to start 2016 back in January.

4/13/20164/27/2016Apr Increase
Base Fare $        2.00 $        1.50-25%
Minute $        0.20 $        0.15-25%
Mile $        1.10 $        0.90-18%
Safety $        1.70 $        1.700%
Min Fare $        5.00 $        5.000%
Cancel $        5.00 $        5.000%

Phoenix received a 21% decrease, for a total of 35% decrease since January

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       1.00 $        0.95 $        0.405%-58%-60%
Minute $       0.16 $        0.12 $        0.0925%-25%-44%
Mile $       0.90 $        0.75 $        0.9017%20%0%
Safety $       1.80 $        1.80 $        1.800%0%0%
Min Fare $       4.80 $        4.80 $        5.000%4%4%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Fare Increase Data:

Baltimore got a 8% price increase, but still 12% down since the price cut in January.

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       1.25 $        1.00 $        1.0020%0%-20%
Minute $       0.15 $        0.10 $        0.1133%10%-27%
Mile $       1.05 $        1.02 $        1.153%13%10%
Safety $       1.45 $        1.45 $        1.450%0%0%
Min Fare $       5.00 $        5.50 $        5.50-10%0%10%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Detroit received a 28% price increase, but fares are approximately 19% lower since January. It is mainly the base fee that is lower to 50 cents, while most of the other fare metrics are back or similar to the January levels. I would guess that the high price per minute experiment is over.

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       1.00 $        0.50 $        0.5050%0%-50%
Minute $       0.15 $        0.30 $        0.15-100%-50%0%
Mile $       0.75 $        0.30 $        0.7060%133%-7%
Safety $       2.30 $        2.30 $        2.300%0%0%
Min Fare $       5.30 $        5.30 $        5.300%0%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Lansing received a 10% increase, but fares are still down 19% from the fare levels in January.

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       1.30 $        0.90 $        1.0031%11%-23%
Minute $       0.18 $        0.15 $        0.1517%0%-17%
Mile $       1.20 $        0.85 $        1.0029%18%-17%
Safety $       1.35 $        1.35 $        1.350%0%0%
Min Fare $       4.35 $        4.00 $        4.008%0%-8%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Maui received an increase of 29% but it is still 23% lower than it was in January

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       2.15 $        1.20 $        1.7044%42%-21%
Minute $       0.30 $        0.20 $        0.2533%25%-17%
Mile $       1.75 $        1.00 $        1.2043%20%-31%
Safety $       1.40 $        1.40 $        1.400%0%0%
Min Fare $       5.40 $        5.40 $        5.400%0%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%

San Diego received a 36% fare increase, but still down about 21% from January.

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       1.85 $             – $             –100%-100%
Minute $       0.20 $        0.10 $        0.1550%50%-25%
Mile $       1.10 $        0.90 $        1.1018%22%0%
Safety $       1.75 $        1.75 $        1.750%0%0%
Min Fare $       4.75 $        4.75 $        4.750%0%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%

San-luis-obispo received a 17% increase, but it is still 22% down from January.

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       3.00 $        1.40 $        1.4053%0%-53%
Minute $       0.15 $        0.15 $        0.160%7%7%
Mile $       2.45 $        1.40 $        2.0043%43%-18%
Safety $       1.55 $        1.55 $        1.200%-23%-23%
Min Fare $       5.55 $        5.55 $        5.200%-6%-6%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Santa Barbara received a 14% increase, but still 11% down from January

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       1.50 $        1.00 $        1.0033%0%-33%
Minute $       0.20 $        0.19 $        0.225%16%10%
Mile $       1.40 $        1.00 $        1.2529%25%-11%
Safety $       1.25 $        1.25 $        1.250%0%0%
Min Fare $       5.25 $        5.25 $        5.250%0%0%
Cancel $       5.00 $        5.00 $        5.000%0%0%

Tampa received an 8% increase, but still down 10% from January

1/4/20164/13/20164/27/2016Jan DecreaseApr Increase2016 Decrease
Base Fare $       1.00 $        1.00 $        1.000%0%0%
Minute $       0.13 $        0.11 $        0.1115%0%-15%
Mile $       0.95 $        0.65 $        0.8032%23%-16%
Safety $       1.70 $        1.70 $        1.700%0%0%
Min Fare $       4.70 $        5.50 $        5.50-17%0%17%
Cancel $       5.00 $        5.00 $        5.000%0%0%

 

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