ππ NYC Uber & Lyft Utilization Rates Rebound. Lockout Risk Declines, As Uber Monopoly Takes Hold
Uber & Lyft's NYC utilization rates (UR), or how busy a driver is kept while on the apps, jumped in September. Risk of app lockouts decrease, but taxi industry & other FHV sectors still struggling
Just a few weeks ago, based on the latest available TLC data at the time, we published an article about rapidly declining Uber and Lyft NYC utilization rates (UR).
We donβt want to repeat the whole article and overview why UR is so important, but we did mention seasonality might impact Uber & Lyftβs UR, which is used in the TLC driver minimum pay formulβ¦
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