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Car parks introduce surge pricing in latest attack on motorists
['Harry Brennan', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Dynamic pricing is being introduced to car parks in the latest attack in the war on motorists.
For parking, it has previously been reserved for pre-booked private driveway spaces available on mobile apps, as well as at airport car parks.
But The Telegraph has found companies are increasingly using dynamic pricing as a way to boost profits, with experts warning consumers risk being caught out by fluctuating prices.
Surge pricing came into sharp focus as prices soared during the Oasis Reunion tour - Yui Mok/PAQ-Park, one of the biggest providers in Europe with more than 5,000 car parks in Britain and the Continent, now uses dynamic pricing when customers pre-book.
One of the car parks it works with in east London, operated by Ocean Parking, now warns motorists with signs – erected in March – saying a "dynamic tariff system" is in place.