British motorists spend on average 44 hours a year searching for parking spaces according to the latest insights from ITS (UK) member and data analysis specialist INRIX.
The company has published the results of a new study which analysed so called ‘parking pain’ in 10 of the UK’s largest cities. It was found that the search for parking costs drivers the equivalent of £733 annually in wasted time, fuel and emissions, which amounts to £23.3Bn across the country.
“Parking pain will only get worse until technology is fully embraced,” commented INRIX chief economist Graham Cookson.
“To lessen the significant burden it 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.”
According to the company London ranks as the worst city to find parking. On average, drivers in the capital spend 67 hours a year searching for a spot, costing them £1,104 each in wasted time, fuel and emissions and the city as a whole £4.3 billion.
Of the cities analysed Belfast came second followed by Leeds, Bristol, Birmingham, Cardiff, Manchester, Glasgow, Edinburgh and Southampton.
INRIX also points to the results of a driver survey which indicates that, while 71% of motorists say there is not 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,” said Dr Cookson.