THE ECONOMIC AND ENVIRONMENTAL IMPACT OF THE HISTORIC AND CLASSIC MOTOR INDUSTRY IN THE UK

24 Several other notable points are worth highlighting. Minis have been categorised as their own make (coming in 16 th place), rather than separately as Austin Minis or Rover Minis. The values for Austin and Rover therefore do not include these models, to avoid double counting. A large percentage of the classic Land Rovers are actually classified as LGVs, within the DVLA data. While 77,059 are classified as classic cars, with an estimated total value of £287m illion (8 th ), a further 91,212 are classified as LGVs – most significantly the majority (35,987) of the Land Rover Defenders are classified as LGVs. These additional Land Rovers have an estimated total value of £722 million. We have chosen to remain consistent with the DVLA classification and left these vehicles classified as LGVs. However, if they were to be included as cars, Land Rover would be second by both number of vehicles (168,271, behind only Ford) and total value (£1.01 billion, behind only Porsche). In total we have identified approximately 139,000 vehicles that would often be considered as cars are classified as other vehicle types, including the aforementioned Land Rovers, 7,800 Toyota Hilux pick-ups and 3,312 Reliant Robins. These have a total estimated value of £881 million, which is attributed predominantly to the LGVs, although some to the ‘Other Vehicles’. The distribution between high-end vehicles and models with a lower average value is also interesting. Intuitively, when ‘classic car’ comes to mind, not many people are likely to think of a Vauxhall before a Bugatti, yet driven by the surprising number that are over 20 years old, Vauxhalls are three places higher in the rankings. Logically, it is two marques with both strong average values and high volume that are first and second by total value (Porsche and Jaguar). However, within the top ten, Ford (low average value but high volume) and Aston Martin and Ferrari (low volume but high average value) are particularly notable for not conforming to this trend. This relationship is explored further i n Figure 7. We have taken the 30 most valuable manufacturers by total value (those i n Table 2) and ranked them by number of classic vehicles a nd average value. ‘30’ indicates the manufacturer with the lowest average value/number of vehicles, and ‘1’ the highest. The size s of the bubbles are proportionate to total stock value. Figure 7: Key classic car makes by ranking of number of vehicles and average value, 2019 Source: DVLA, Octane, Car and Classic, Autotrader, eBay, Cebr analysis Porsche Jaguar Aston Martin BMW Ferrari Mercedes MG Ford Bentley Land Rover Triumph Lotus Rolls-Royce Volkswagen Toyota Audi Austin-Healey Mini Peugeot TVR Morgan Vauxhall Alfa Romeo Citroen Bugatti Rover Honda Maserati Nissan Austin 0 5 10 15 20 25 30 0 5 10 15 20 25 30 Rank by value Rank by volume