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 Government scheme would benefit those aged under 40 but will only run for five years.
Joseph Rowntree Charitable Trust and the Roddick Foundation are under investigation by the watchdog over grants made to Cage.
The Duke of Cambridge became a fearsome samurai warlord - at least temporarily - when he visited the set of a long-running Japanese drama.