CLAS­SIC CAR OWN­ER­SHIP IS BOOM­ING!

FBHVC sur­vey re­veals there are more than half a mil­lion his­toric cars in the UK – an in­crease of 87,500 in the past five years

Classic Car Weekly (UK) - - Front Page - Mur­ray Scul­lion

The lat­est re­search into the clas­sic in­dus­try in the UK by the Fed­er­a­tion of Bri­tish His­toric Ve­hi­cles Clubs (FBHVC) shows that there are 512,499 his­toric cars (30+ years old) in the UK, up from 425,000 in 2011.

The clas­sic car move­ment is now gen­er­at­ing an­nual rev­enues of £5.5 bil­lion, an in­crease of 27.9% since the last sur­vey, five years ago.

The re­port re­veals that the in­dus­try is em­ploy­ing 28% more peo­ple than in 2011, grow­ing from 28,000 to 34,900. In the break­down of this, it un­cov­ers the na­tion’s mar­que loy­alty. Twelve per cent of the cars are MGs, 10% are Fords, and 8% are Tri­umphs. Land Rover, Austin and Mor­ris each have an 8% share of the market, and Volk­swa­gen has 6%.

More than eight mil­lion peo­ple in Bri­tain are in­ter­ested in his­toric ve­hi­cles – ac­cord­ing to the lat­est sur­vey pub­lished by the Fed­er­a­tion of Bri­tish His­toric Ve­hi­cle Clubs (FBHVC) at its AGM on 15 Oc­to­ber.

Its lat­est re­search shows the move­ment is now gen­er­at­ing an­nual rev­enues of £5.5 bil­lion, a whop­ping in­crease of 27.9% since the last sur­vey, five years ago.

It also shows that the in­dus­try is em­ploy­ing 28% more peo­ple than in 2011, grow­ing from 28,000 to 34,900.

Away from the nitty gritty of busi­nesses the sur­vey re­veals that there are 512,499 reg­is­tered pre1985 cars in the UK (of more than a mil­lion of all his­toric ve­hi­cles).

And of these, 12% of the cars are MGs, 10% are Fords, and 8% are Tri­umphs. Land Rover, Austin and Mor­ris also share 8% of the market, while Volk­swa­gen has 6%. Jaguar has 4%, and Rover has 2%.

How­ever, it’s not all good news. The sur­vey in­di­cates a num­ber of dif­fer­ent chal­lenges for his­toric ve­hi­cle clubs – the most press­ing is the ris­ing age of its mem­ber­ship.

The FBHVC re­ports clubs are hav­ing prob­lems reach­ing out to younger peo­ple – although it is hes­i­tant to sug­gest any ad­vice other than that ‘tech­nol­ogy and the use of the in­ter­net’ as a way to en­tice dif­fer­ent gen­er­a­tions.

David Whale, chair­man of the FBHVC says: ‘The sur­vey clearly demon­strates the whole his­toric ve­hi­cle move­ment is evolv­ing and is in ex­tremely good health.

‘The ex­cit­ing and very em­pow­er­ing news is that we have not just the an­nual rev­enues as­so­ci­ated with the move­ment but we now un­der­stand far bet­ter than ever be­fore the key com­po­nents: her­itage, em­ploy­ment, clubs and en­thu­si­asts, trade and mu­se­ums.’

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