Get ready to save some serious cash on your Uber rides with the Uber price cuts in 2016! Uber just announced that 2015 is done and dusted. It’s January, and for most people that means bad weather, staying in, and saving money. Yes, seasonality affects every business, and Uber is no exception because when people hunker down at home, demand for rides drops. Fewer trips are tough on drivers, many of whom want to save money and pay off their holiday credit card bills now that January is here. Five and a half years in, Uber learned that the single most effective way to boost demand during the winter slump is to cut prices for riders. Starting tomorrow (January 9, 2016)—just like last year and the year before—Uber is cutting prices in more than 100 US and Canadian cities, giving riders one more reason to head out of the house, ditch their keys, and avoid parking. Higher demand means more time moving people, less time spent waiting around and more money for drivers. And if drivers aren’t busier, prices will go back up again so if you want to keep the Uber price cuts in action, you have to keep riding Uber. In addition, we are guaranteeing earnings for drivers to ensure that no one is disadvantaged. That’s 24/7 incentives to put drivers at ease. For some cities this is the third year in a row Uber has cut prices to fight the January blues. Driver earnings in those cities continue to rise year after year.
Uber said it will cut prices in Los Angeles and San Francisco by 10 percent, Houston by 20 percent, and Richmond, Virginia, by 15 percent. Prices in some cities, including New York and Chicago, will remain unchanged for now – but keep looking because the rates may drop! Fare reductions will eventually be extended to 100 cities, the company said, and the information will be released in the coming day. Keep your eye out on for Uber price cuts news updates here so that you can learn how much you will save when you are riding Uber on Monday in your city!
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