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

28 PORSCHE CARRERA 1,722 51,660,000 30,000 AUDI QUATTRO 1,376 51,600,000 37,500 ASTON MARTIN V8 440 48,400,000 110,000 ASTON MARTIN DB4 80 48,000,000 600,000 Source: DVLA, Octane, Car and Classic, Autotrader, eBay, Cebr analysis Along with the top five referenced above, there are several interesting models to discuss further. The high total value of the sixth placed Aston Martin DB5 is very notable given the low estimated numbers (210 per DVLA data), clearly driven by the very strong average value. The tenth placed Bentley Continental is classified as one model, but de facto constitutes about 100 R-type and S1 continentals with values £300,000 to £1,000,000, while the majority are more modern Continental Rs, with average value of about £35,000. The totals presented above, and the average value of £57,170 is a combination of the two. The Jaguar XK Series just below Bentley is a very similar case, comprising about 800 vehicles manufactured pre- 1960, with average value of about £70,000 and the remaining 6,300 produced 1996-99, with average value of about £7,000. The results presented above are again the combined value of the two production tranches. Data on high-value early Mercedes SL Class cars was difficult to identify – DVLA records for example do not explicitly identify any 300SL Gullwings or W198 SL Roadsters. These are worth about £1,00 0 ,000 and £600,000 respectively, so would have a considerable impact in even small volumes. By looking at the manufacture date of Mercedes cars where DVLA records are incomplete, and the total Mercedes manufactured in each year, we can estimate an approximate distribution of these cars by model. From this, we estimate that approximately 26 SL Gullwings and 34 W198 SL Roadsters were missing from our initial analysis. These have been added into the SL estimate, to give the total value of £92 million above. However, it is possible that these are over or underestimates for the number of early high value SLs, which could significantly impact the total value of this model. It is also worth briefly touching again on the Land Rovers classified as LGVs. By total value, by far the most valuable of these is the Defender - the 36,000 classic LGV Defenders have a total value of £252 million. Including the few Defenders classified as cars, if included i n Table 5 above they would be in fifth place with a total value of £265 million, between the BMW 3 Series and the MG MGB. Within the top 100, 36 manufacturers are represented, ranging from high-value low volume classics (such as the 175 Bentley Azures, with total value £17.5 million) to lower -value high volume vehicles (such as the 22,700 Vauxhall Corsas manufactured pre- 2000, with total value £18.2 m illion). Of the top 100, Aston Martin and Mercedes lead the way with nine models each, followed by BMW with seven, Porsche with six and Ford, Jaguar and MG with five. 4.6 The UK’s classic motorbike fleet The size of the motorbike fleet was assessed in the same way as the cars. However valuing the fleet was more difficult. This is because the DVLA data on motorbikes is less complete, with a large percentage of the more granular data missing. As an example, of the estimated 159,000 classic Honda motorbikes, 83,000 were classified as ‘Honda Model Missing’. As a consequence, it was not feasible to value motorbikes by specific model. Instead we classified every motorbike by manufacturer, decade of manufacture and whether it was registered as roadworthy or with a SORN. From this, we used online sources such as AutoTrader, eBay, Car and Classic and other online marketplaces to estimate average values by manufacturer and year of manufacture, with an assumed lower value for those with a SORN. We also made slight adjustments, varying based on the data source, to account for the slight bias of online listings likely reflecting a slightly higher average condition. From this we estimate total value of classic motorbikes, by manufacturer.