Method, System and Product for a Parking Auction

A method comprising:

• while a vehicle is searching for parking, participating in a real-time auction for a parking spot, wherein said participating is performed by a mobile device of a user located within the vehicle;
• wherein said participating comprises:
• retrieving a list of active auctions for parking spots in a proximity of a location of the vehicle and a target destination of the user;
• selecting an auction from the list of active auctions;
• and
• providing a bid in the auction.

A computerized apparatus having a processor, the processor being adapted to perform the steps of:

• detecting, by a mobile device, a parking exit event is about to occur for a vehicle in a parking spot;
• initiating a real-time auction between relevant drivers that are in a proximity of the parking spot and are searching for parking, whereby one or more bids for the parking spot are provided, wherein each bid comprises a compensation for the parking spot;
• and
• selecting a winning bid from the one or more bids, wherein the winning bid is associated with a winning driver;
• displaying to a user of the mobile device, in real time, locations over time of the winning driver, whereby the user can track the location of the winning driver;
• and
• notifying the user upon the winner driving arriving at the parking spot, whereby the user can vacate the parking spot for the winner driver.