Classic Industry Growth
The results of the 2020 National Historic Vehicle Survey have been announced by the Federation of British Historic Vehicle Clubs (FBHVC), revealing that the classic car industry contributes £7.2 billion to the UK economy. Growth in the sector has seen an increase in the number of historic vehicles recorded with the DVLA, with an impressive 1.5 million of all types now registered – including cars, buses, lorries and motorcycles, as well as agricultural, military and steam vehicles. This represents 3.4% of all registered vehicles in the country.
Historically, the Federation has undertaken this major survey every five years, the previous one being completed in 2016. However, with the obvious impact that Covid-19 has had on the UK and the habits of historic vehicle owners, this latest survey was conducted earlier to represent a more typical year in 2019. It is claimed to be the largest and most detailed survey of historic vehicle ownership anywhere in the world, the results of which provide the FBHVC with vital facts and figures needed to protect the future of transport heritage in the UK. The historic vehicle sector’s contribution of £7.2 billion to the country’s economy – representing more than the equestrian sector – is significantly up on the £5.5 billion for 2016.
This revenue is generated from the nearly 4000 businesses that support the movement, employing over 34,000 people. These businesses are also working on ensuring the future of the movement, with over a third either employing or considering employing an apprentice.
David Whale, chairman of the FBHVC, commented: “The significant value to the UK that the historic vehicle industry generates simply cannot be ignored by those in power. We face the most challenging times ahead over the next few years and these results give us the justification to ensure that our freedoms to enjoy our transport heritage continue unhindered. The most heart-warming news was that there are more enthusiasts than ever who are immersing themselves in our community, and that is really positive for the future.”