Drivers spend an average of 44 hours a year looking for a parking space

According to new research, the average driver spends 44 hours each year looking for a parking space. In London, motorists spend a shocking 67 hours trying to park annually.

It is estimated that this equates to £733 per year wasted on simply finding a parking space, calculated from the value of the time lost, the money spent on fuel, parking fines and overpayment.