Councils raked in the cash last year thanks to parking charges, according the RAC Foundation. Local authorities across England generated a combined profit of £594 million from their on and off-street parking operations throughout 2012/13, the foundation said.
Quoting data from the department of communities and local government, the RAC said there was a 5% increase of the surplus of £565 million from the previous year. Only 52 of the 353 councils in England reported a deficit in 2012/13.
RAC Foundation director Professor Stephen Glaister said: "There's no disputing the figures we have looked at. They are the numbers the councils themselves submit to central government.
He added: "What's more, council budgets show that the surplus for the current year is set to be higher."
More top news
The teenagers, aged 19 to 15, appeared in custody at Westminster Magistrates' Court on Saturday, supported by their families.
Parker Dairies moves home after 120 years on Wood Street in Walthamstow
Pupils at many of the capital's schools and nurseries breathe toxic air which can permanently damage health