Smart Parking: Car Ownership Is Increasing, Thereby Putting Pressure on Existing Car Parking Spaces

Car ownership is still increasing in the UK. Car parking infrastructure is not increasing at the same pace. Due to the lack of land on our small island, every space is important and needs to be used fairly and with good intent.

Building multi-storey car parks to help ease parking woes is expensive and often slow to get through planning. If you own a car park, you will want to ensure that every space is turned over regularly. By doing so, the shops, restaurants or medical centres nearby have somewhere for people to park. This could mean that every 3 hours you expect your customers to vacate the car park to allow new ones to attend.

With more pressure than ever on the existing car park spaces in the UK, it is important to consider your car park’s needs and set rules that ensure the individual spaces are used in the best possible way. If a car park is in continual use, the times a space is used per day can be increased with better management. For example, if the bay usage turnover used to be 2 per day, to increase this to 4 per day, you may need to adapt the rules to make it a shorter stay, i.e. 2 hours free to 1 hour free, or introduce paid parking, or both. Smart Parking uses technological know-how to help manage these issues and keep your car park running efficiently.

Since introducing Smart Parking and their car park management systems to our site, we have had a considerable reduction in car park abuse, meaning genuine customers can now find a space. The data and reporting provided to us is also invaluable and the working relationship we have couldn’t be better.
Hotel Manager | Large Hotel Chain

About Smart Parking Limited 

Smart Parking Limited (ASX:SPZ) | A Global Parking Business

Smart Parking Limited is a pioneering technology innovator and services company in the parking industry. With offices in Australia, New Zealand, Germany, Denmark and the UK our aim is to bring our intelligent integrated smart parking services to the world and reinvent the parking experience.

The Company operates and manages thousands of car park spaces across the globe using our proprietary Smart Cloud technology linked with Automatic Number Plate Recognition/License Plate Recognition (ANPR/LPR) systems. This can be used as a single solution or with the option to be combined with payment solutions.

Smart Parking Limited has been an Australian Securities Exchange (ASX:SP) publicly listed company since early 2011.