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

25 As would likely be expected, there is a rough inverse relationship between the average value of a manufacturer’s classic cars and the volume. This is likely because as the production number increases, the individual cars are less rare and therefore less valuable. No manufacturer better shows the inverse relationship between quantity and average value than Bugatti, which is first for average value but 30 th for quantity 10 . On the opposite end of the spectrum, Volkswagen, Nissan and Vauxhall on average are the three least valuable, but second, ninth and fifth most common respectively. Table 3 a n d Table 4 show alternative ranking tables, with the top 10 manufacturers calculated by sorting by total classic vehicles, and average value of classic vehicles respectively. In particular, this second table highlights some of the makes that are often the first to come to mind when classic cars are thought of but were not produced in high volume. Table 3: The UK's classic car fleet by number of vehicles per manufacturer, 2019 Make Number of classic cars Total value (£) Average value (£) Ford 172,553 332,627,184 1,928 Volkswagen 120,116 175,714,100 1,463 BMW 99,100 581,609,877 5,869 Mercedes 96,968 456,703,892 4,710 Vauxhall 85,137 92,711,000 1,089 Toyota 79,946 160,493,250 2,008 Land Rover 77,059 287,357,070 3,729 Peugeot 65,199 114,940,450 1,763 Nissan 54,155 70,879,100 1,309 MG 52,463 371,063,650 7,073 Source: DVLA, Octane, Car and Classic, Autotrader, eBay, Cebr analysis Table 4: The UK's classic car fleet by average value of manufacturer, 2019 Make Number of classic cars Total value (£) Average value (£) Bugatti 133 76,455,704 574,855 Frazer Nash 13 4,931,522 379,348 McLaren 39 8,925,285 228,853 Lamborghini 189 34,650,000 183,333 Lagonda 110 14,295,311 129,957 Aston Martin 6,622 612,601,100 92,510 Ferrari 6,090 469,223,318 77,048 AC 182 13,359,988 73,407 10 Note that this does not mean that Bugatti is the 30 th most common classic car manufacturer in the UK. Instead, of the 30 most valuable by total value, Bugatti is the least common.