Drivers waste billions searching for parking

Drivers in the UK, US and Germany spend billions searching and paying for parking spaces and paying for more time than they need to avoid a penalty charge, according to a new study by Inrix.
July 13, 2017 Read time: 2 mins

Drivers in the UK, US and Germany spend billions searching and paying for parking spaces and paying for more time than they need to avoid a penalty charge, according to a new study by 163 Inrix.

The study was based on data from the Inrix Parking database of and survey responses from nearly 18,000 drivers in the US, UK and Germany.

The study found that UK drivers spend an average of 44 hours a year searching for parking, at a cost of £733 (US$948) each in wasted time, fuel and emissions. They overpay for parking to the tune of an estimated £6.7 billion (US$8.6 billion) a year or £209 (US$270) per driver; UK drivers also pay £1.2 billion (US$1.5 billion) annually in parking fines.

Americans spend an average of 17 hours per year searching for parking, resulting in a cost of US$345 per driver in wasted time, fuel and emissions, says the survey. Over-paying for parking costs American drivers more than US$20 billion a year, or US$97 per driver.

In Germany, motorists pay 98 Euros (US$112) more than needed for their parking, to avoid an average 8 Euros m (US$9) in parking fines. Germans waste an average 896 Euros (US$1,000) a year hunting for places, the study found.

Dr Graham Cookson, chief economist, Inrix, says, “To lessen the significant burden parking pain has on our economy and lives, smart parking solutions are available for drivers, parking operators and cities to help reduce search times, congestion and pollution as well as negate overpaying and fines altogether. Still, more needs to be done to drive adoption. Parking pain will only get worse until technology is fully embraced.”

Parking & Access Control

Related Content

  • January 23, 2015
    Private investment in Latin American infrastructure on the rise
    Private investment in infrastructure projects has grown significantly over the past decade in Latin America's six largest economies, with the exception of Mexico and Argentina, according to a Standard & Poor's report. In Mexico the retraction in private investment is explained by poor planning and execution of projects on the part of the government. Meanwhile in Argentina, the dip is explained by government intervention, according to the report. Outside the two regional powerhouses, private sector par
    Read More
  • July 19, 2018
    Cost benefit: Toronto retimings tame traffic trauma
    Canada’s largest city reckons that it is saving its taxpayers’ money simply by altering the way traffic lights work. David Crawford reviews Toronto’s ambitious plans to ease congestion Toronto, Canada’s largest metropolis (and the fourth largest in North America), has saved its residents CAN$53 (US$42.4) for every CAN$1 (US$0.80) spent over a 2012-2016 traffic signal retiming programme, according to figures released by its Transportation Services Division. The programme covered 1,275 signals (the city’s
    Read More
  • August 4, 2015
    Survey: Majority of UK public remains worried about global warming
    A new survey of over 2,000 members of the public by the Institution of Mechanical Engineers and ICM Unlimited has found that 57 per cent of the public are worried about global warming, with 14 per cent saying they were ‘very worried’. The poll found that 64 per cent of people think global warming is already a problem now, while 70 per cent said they think global warming will be a problem in 20 years’ time. The main issues the respondents said they were worried about were flooding and sea level rises (63
    Read More
  • December 1, 2015
    VW scandal prompts emissions testing debate
    In the wake of the VW scandal John Kendall looks at emissions testing on both sides of the Atlantic. Since the VW emissions story broke in September, emissions testing has come under greater scrutiny, and none more so than in Europe, where critics have long been highlighting the weaknesses of the testing system. Ironically, changes to the emissions testing process were already under review but the story has pushed it up the agenda.
    Read More

Highlighted Content