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

1. Foreword	10
2. Introduction and summary	13
2.1 Introduction	13
2.2 Summary	13
2.3 Comparisons with other sectors	17
3. Introduction and overview of the sector	20
3.1 Definition	20
3.2 The sector	20
3.3 Methodology for evaluation	21
3.4 Metrics applied	23
4. Value of the classic and historic vehicle fleet	25
4.1 Introduction	25
4.2 Overview	25
4.3 The UK’s classic car fleet	26
4.4 Results by manufacturer	26
4.5 Results by model	31
4.6 The UK’s classic motorbike fleet	32
4.7 The UK’s fleet of classic commercial vehicles	34
5. Direct economic impact of sales, rental and ownership	37
5.1 Introduction	37
5.2 Classic and historic vehicle sales	37
5.3 Classic vehicle rental	38
5.4 Imputed rent	39
5.5 Costs of ownership	41
6. Direct economic impact of repair and maintenance	43
6.1 Introduction	43
6.2 The size of the market	43
6.3 The economic impact	44
7. Direct economic impact of historic motorsport	46
7.1 Introduction	46
7.2 Historic motorsports	46
7.3 Historic motor racing	46
7.4 Classic rallying	47
8. Direct economic impact of other historic and classic vehicle events and owners clubs	49
8.1 Introduction	49
8.2 Events	49
8.3 Owners clubs	49
9. Direct economic impact of historic and classic vehicle museums	50
9.1 Introduction	50
9.2 The classic museum sector	50
9.3 The economic impact of museums	50
10. Direct economic impact of selected industries associated with classic and historic vehicles	52
10.1 Introduction	52
10.2 Magazines and websites	52
10.3 Models	52
10.4 Clothing and regalia	52
10.5 Tools	52
10.6 Economic impact	52
11. Aggregate economic impacts	54
11.1 Introduction	54
11.2 The indirect impact	54
11.3 The induced impact	54
11.4 Input-output modelling	54
11.5 Total aggregate economic footprint	56
11.6 Tax contribution	56
11.7 Exports	56
11.8 Which industries most depend on the sector?	56
12. Value of skills and apprenticeships	58
12.1 Introduction	58
12.2 Skills spillover benefits	58
12.3 Value of apprenticeships	59
12.4 The value of historic craft skills	60
13. Environmental impact of classic and historic vehicles	62
13.1 Introduction	62
13.2 Methodology	62
13.3 The results of the input output analysis	62
13.4 Comparison with annual spend from on different other aspects	65
13.5 Emissions of £1,000 of spend	66
14. The historic and classic vehicle sector and the UK’s wider heritage sector	68
14.1 Introduction	68
14.2 Valuation of the heritage	68
14.3 Classic and historic motor vehicles as a contributor to the heritage	68
14.4 Comparison of historic vehicles and buildings	68
14.5 Conservation	69
14.6 Bicester Heritage	69
14.7 Regional distribution of the sector	69
14.8 Clusters	71
15. Conclusions and the future	72
16 Acknowledgements	73
Facts and Stats CEBR	75

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