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

30 Figure 8 : Ten most valuable classic motorbike manufacturers, 2019, £ million Source: DVLA, Car and Classic, Autotrader, eBay, Cebr analysis 4.7 The UK’s fleet of classic commercial vehicles The remainder of the classic fleet constitutes the LGVs, HGVs, buses and other vehicles. With a few exceptions, these broadly constitute commercial vehicles which are at least 20 years old. While these may not be intuitively the first vehicles that come to mind, those that meet the definition for classic vehicles are worth including, and as will be seen, are of considerable value. A summary of what goes into each category is as follows: → The LGVs are a combination of 4x4 vehicles (such as 36,000 Land Rover Defenders and 8,000 Toyota Hilux pick-ups), commercial vans (such as 34,000 Ford Transits) and campervans (including 5,800 Volkswagens). → The HGVs are primarily lorries and trucks. Iveco-Ford, Mercedes and Leyland are among the most common manufacturers. → The buses are a combination of large commercial buses, minibuses and coaches. Ford, Mercedes, Leyland and Dennis are the most common makes. → The other vehicles are dominated by agricultural vehicles (about 80%), including 44,000 Massey Fergusons and 18,000 John Deeres. The remainder are construction vehicles, taxis and miscellaneous vehicles (such as about 6,000 3-wheel Reliant Robins and Rialtos). The main components of each of these groups were valued individually, primarily based on data from online marketplaces, before being summed to estimate the total value of the fleet. The major methodological difference for commercial vehicles is that, for those with a SORN, we assumed very low average values. This is driven by the fact that their monetary value is far more tied to their functionality than for classic cars or motorbikes - for example, a truck that is off the road has very low value. In other words they are predominantly not valuable because of their classic nature, but rather their maintained functionality. As such, the percentage that are registered as being on the road is closely related to the average value of the classic stock for each of the groups. The full results of this analysis can be seen i n Table 7 below. Honda, 167 Triumph, 127 Yamaha, 125 Kawasaki, 99 Suzuki, 99 Harley-Davidson, 77 Lambretta, 74 BSA, 67 BMW, 43 Norton, 37 All others, 284 Honda Triumph Yamaha Kawasaki Suzuki Harley-Davidson Lambretta BSA BMW Norton All others Total value: £1.2 billion