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

Facts and Stats CEBR The UK Heritage motor sector has an aggregate turnover of £18.3 billion Page 52 Historic and classic vehicle industry contributes £8.7 billion per annum of aggregate Gross Value Added (GVA) to the UK Page 21 The sector supports £2.9 billion of tax revenues per annum Page 52 Classic vehicle rallying generates £253 million revenue employing 1,610 FTE workers Page 43 FBHVC estimate 1.54 million historic vehicles and Cebr estimate an additional 1.47 million classic vehicles in the UK. Giving a total of 3.1 million vehicles Page 16 The total stock of classic vehicles is worth £12.6 billion . Of which 69% are cars Page 21 Ford is the most popular classic car manufacturer in the UK with 172,553 classic cars Page 23 The total value of Classic Porches in the UK worth £1.18 billion with Porsche being the only manufacturer to exceed £1 billion. £910.8 million of which are generated by the 911 Page 23 Bugatti is the car manufacturer with the highest average classic car value with an average worth of £574,85 5 Page 25 The UK’s used classic and historic vehicle sales in 2019 reached a total value of £ 2.2 billion . £1.6 of which are generated by classic cars Page 33 The UK’s classic vehicle ren tal generates £272 million per annum adding £171 million to UK GDP and directly employing nearly 800 FTE workers in 2019 Page 34 FBHVC estimate 700,000 classic vehicles owners who spent over £5 billion on costs associated with the ownership of classic vehicles Page 37 The total spend of £3.15 billion per annum for new parts , maintenance and repair of classic vehicles supporting over 25,000 FTE jobs Page 39 2.7% of all the UK museums are focussed exclusively on classic and historic vehicles Page 46 113,000 people employed across the supply chain. Same size of the UK ports and twice the size of the whisky industry. Page 65 23,783 employees directly employed in the repair and maintenance sector who typically earn a premium of 70% above the average wage based on their heritage skills Page 40 The classic car vehicle industry employed 665 apprentices in 2019, who produced £22.4 million in gross output Page 56 Specific skills that classic car maintenance and restoration workers possess are estimated to worth at least £335 million per annum to the UK economy Page 54 Classic cars are only driven an average of 1,200 miles a year . The average user of a classic car produces half of the CO 2 emission from using a computer or a mobile phone and it is a sixth of the impact of using a modern ICE car regularly. Page 62 Spending £1,000 on owning and using classic cars produce 90% fewer emissions compared with spending a similar amount on short-haul holidays Page 62