Parked cars clogging up residential roads in the UKs cities is a long-familiar sight, but the cost of dormant urban motors (DUMs) is today revealed to be £65bn a year*.
According to new research by Europcar, which has just launched its free WeDeliver service of vehicles to customers door, car ownership for the time-poor city dwellers costs them £3.50 for every mile they cover excluding fuel.
On average a city car owner only spends 4 hours, 40 minutes at the wheel each week meaning that their car remains parked for 97% of the time**.
With the depreciation of their car***, and the cumulative with costs for maintenance, insurance, fines and parking totalling £5,328.96 a year, its no wonder that nearly half (48%) would sell their car if there was a convenient alternative to ownership.
The nature of city life also means that two thirds (66.6%) of car owners still regularly opt to use public transport, cycle or walk to cover short distances and avoid congestion or parking stress.
Over half (51%) admit that expense is the most stressful part of owning a car, a quarter (24%) cite maintenance, while 44% say that their car has been damaged or vandalised due to being left parked outside for prolonged periods of time.
Catriona Lougher, Marketing Director at Europcar comments, This research shows how busy lifestyles and the nature of urban living and travel has filled out cities with dormant urban motors.
Europcar has developed a free weDeliver service as a solution to this trend, meaning would-be motorists can have a vehicle dropped off at their door at a time that suits them and picked up again when theyre finished with it for free. Thats perfect for Brits in cities who feel they dont use their car often enough, but want the freedom of a car when they want do to travel.
WeDeliver can be the perfect stress busting solution for the city dweller. The new service includes free delivery within 15 miles of an address and offers a rather speedy one hour delivery window even in Britains busiest city, London. To make things even easier customers can now have their car delivered to a home, business or even hotel address making car rental queues a thing of the past.
* Calculation based on the UKs top 10 cities by population
** The average city-dwellers car is used for 4.6 hours per week
*** Depreciation of car calculated with What Car? depreciation calculator tool, using a number of models across Ford, Volkswagen, and Honda vehicles, and based on average car ownership of 3.3 years according to survey results.
Central London Hotels only