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

3 © Centre for Economics and Business Research Contents 1. Foreword ...............................................................................................................6 2. Introduction and summary .....................................................................................9 2.1 Introduction 9 2.2 Summary 9 2.3 Comparisons with other sectors 13 3. Introduction and overview of the sector ...............................................................16 3.1 Definition 16 3.2 The sector 16 3.3 Methodology for evaluation 17 3.4 Metrics applied 19 4. Value of the classic and historic vehicle fleet.........................................................21 4.1 Introduction 21 4.2 Overview 21 4.3 The UK’s classic car fleet 22 4.4 Results by manufacturer 22 4.5 Results by model 27 4.6 The UK’s classic motorbike fleet 28 4.7 The UK’s fleet of classic commercial vehicles 30 5. Direct economic impact of sales, rental and ownership .........................................33 5.1 Introduction 33 5.2 Classic and historic vehicle sales 33 5.3 Classic vehicle rental 34 5.4 Imputed rent 35 5.5 Costs of ownership 37 6. Direct economic impact of repair and maintenance ..............................................39 6.1 Introduction 39 6.2 The size of the market 39 6.3 The economic impact 40