The city’s bike-share membership is hitting the skids.
A plunge in CitiBike rides has wiped out the more than 50 percent boost to its coffers from a fare hike in November, data show.
NYC Bike Share, which runs CitiBike, took in about $360,000 from members that month — a 20 percent drop from the same month a year earlier, data show.
The money drain came even as the cost of annual membership jumped more than 50 percent, from $95 to $149 on Nov. 1.
“I think a lot of people are frustrated. [CitiBike] needs to be as reliable as the subway — and it isn’t,” said CitiBike blogger Ed Rademakers. “People don’t renew, or they buy their own bike.”
Annual membership in the bike-share program last November was 88,495, a 6.8 percent drop compared with November 2013, when membership stood at a robust 94,955, data show.
One-day memberships fell 33 percent, from 16,112 to 10,723, and weekly members fell 37 percent in that same period, from 1,339 to 843.