There is life after parking
The business cycle for city centre car parks is shifting gears
This year has been a story of endings and beginnings in the world of parking. The endings include the shutters coming down at a batch of loss-making National Car Parks sites as part of an administration process that could see the disappearance of what is possibly the parking sector’s most iconic brand. The economic travails of NCP, a company that has been around for almost a century, betoken wider structural issues affecting the parking business. There are arguably too many car parks in city centres chasing a decreasing number of commuters and shoppers whose work patterns and spending habits have changed. In a world of home working and online shopping, the trip to town is now an optional activity for many people, reducing custom at some car parks.
