Dominic Browne 14 July 2017

'Parking pain' costs UK economy £30bn a year

Parking pain costs UK economy £30bn a year image

UK drivers spend on average 44 hours a year looking for parking, costing them £733 each in time, fuel and emissions and totalling £23.3bn across the country, leading traffic analysts have estimated.

A major new study from INRIX combines data from its parking database of 100,000 locations across 8,700 cities in more than 100 countries, with results from a recent survey of nearly 18,000 drivers in the US, UK and Germany, including 7,035 in 10 UK cities.

It found that overpaying for parking - the extra time drivers typically add to a parking session to avoid a penalty charge - costs British motorists up to an estimated £6.7bn a year or £209 per driver, while UK drivers also pay £1.2bn a year in parking fines.

The survey asked how many parking tickets motorists received annually. The average across the UK is 0.7, which amounts to £39 per driver per year in fines or £1.2bn for all drivers.

The report states: ‘Drivers in Germany get highest number of parking fines a year on average (0.84 per person), followed by the U.K. (0.66) and the U.S. (0.20). Interestingly, German drivers paid the least in fines (€380 million), compared to drivers in the U.K. (£1.2 billion) and the U.S. ($2.6bn).’

'If we add up all the costs in this research, so the time spent searching for a space, the amount drivers overpay for parking and the amount spent in fines, the “total” cost of parking pain in the UK is more than £30bn a year,’ said Dr Graham Cookson, chief economist, INRIX.

‘This cost is not only borne by drivers but also by local economies as people avoid shops due to parking issues. While 71% of drivers said there isn’t enough parking available, occupancy for spaces can be as low as 50%. We have an information problem more than a parking problem. A problem that technology can help fix.’

The research also found that 40% of motorists avoid driving to shops due to problems finding parking.

For more stories like this, please visit our sister publication Transport Network.

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Highways & Transport

City of York Council
£58,568 - £66,923 per annum
This is hugely exciting time to join the Council in this new role as the strategic lead for our Highways and Transport service. York, North Yorkshire
Recuriter: City of York Council

Youth & Community Based Commissioner

Essex County Council
£19308 - £19631 per annum
Youth & Community Based Commissioner Permanent, Part Time £19,308 to £19,631 per annum (FTE) Location
Recuriter: Essex County Council

Social Worker - Family Support & Protection Team

Essex County Council
Up to £207 per day + Umbrella
Family Operations delivers direct provision of services relating to vulnerable children, young people and complex families. These services will be del England, Essex, Harlow
Recuriter: Essex County Council

District Youth and Community Commissioner in Training

Essex County Council
£25313 - £28001 per annum
District Youth and Community Commissioner in Training Permanent, Full Time £25,313 - £28,001 Per Annum Location
Recuriter: Essex County Council

Social Worker - Early Intervention Team

Essex County Council
Up to £207 per day + Umbrella
*** This is a temporary position to start as soon as possible based at Colchester Hospital ***About the RoleWorking to support adults, and their famil England, Essex, Colchester
Recuriter: Essex County Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue