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New app helps drivers find private parking spots in US

Published on Sep 24, 2012 9:50 PM

TORONTO (Reuters) - It is a challenge for every urban driver - finding reasonably priced parking. But before taking another loop around the block, it might be wise to consult a new mobile app.

Parking Panda is a parking reservation service that allows drivers to find and book parking spots directly through their smartphones. It also lets those with empty driveways earn extra cash by renting theirs out.

"We do everything from the driveway behind your house, to school and church parking lots, all the way up to 10-story commercial parking garages," said Mr Nick Miller, co-founder and CEO of the Baltimore-based company.

The app displays parking spots available nearby, which can then be reserved and paid for instantly. Daily rates for parking spots are approximately 15 per cent to 20 per cent cheaper than the average rates in most cities, according to Miller, and include both private parking spots, as well as commercial lots and garages.

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