More than 8 million people in Britain have at least some interest in historic vehicles – be it owning, reading about them, visiting events, or maybe simply enjoying them when they drive past on the road. This equates to around 1 in 6 adults and a clear illustration of the mass appeal of the sector as a whole. I Nearly half the British adult population (48%), or an estimated 25 million people, think historic vehicles should be preserved for people to enjoy in the future. A similar number (23 million) see historic vehicles as an important part of Britain’s heritage.
These findings show there can be no doubt that the sector represents a unique window on our motoring history and that many people support and encourage their preservation today.
23M PEOPLE SEE HISTORIC VEHICLES AS PART OF BRITAIN’S HERITAGE
8.2M THE NUMBER OF PEOPLE IN BRITAIN WITH AN INTEREST IN HISTORIC VEHICLES
16M PEOPLE THINK IT’S IMPORTANT TO USE HISTORIC VEHICLES
£17.8BN ESTIMATED VALUE OF HISTORIC VEHICLES IN BRITAIN
Findings further reveal 1 in 3 (32%) adults think historic vehicles should be used rather than sit unused in a museum, with 1 in 5 (an estimated 11 million people) going further and agreeing that historic vehicle owners should be actively encouraged to use them on the road. These findings create a compelling case for ongoing use of historic vehicles today. Owning historic vehicles & pursuing an interest.
Nearly 6 in 10 (58%) historic vehicles are licensed for ‘on road’ use. Two in three (65%) historic vehicles are in concours or very good condition and complete an estimated 676 million miles per annum.
We estimate there to be around half a million individual owners of historic vehicles, and a further 1.5 million ‘highly interested’ enthusiasts who spend both their own time and money on pursuing their hobby.
The value of all historic vehicles in Britain today is estimated at £17.8 billion.
More than 9 in 10 (94%) historic vehicles have some form of security in place, although most commonly this means being locked in a garage (84%), rather than having an installed alarm (9%), tracker system (2%), or security markings (2%).
There are more than 1 million vehicles registered before 1985 in Britain. We use this as our proxy for historic vehicle numbers. They span the range of vehicle types – including cars, motorcycles, buses and coaches, lorries, military, steam and agricultural vehicles. This estimate is 18% higher than in 2011 (850,000) and constantly growing over time. 1,039,950
HISTORIC VEHICLES IN BRITAIN NOTE: BASED ON PRE 1985 REGISTERED VEHICLES. National Interest in Historic Vehicles 7 £5.5BN NATIONAL ANNUAL EXPENDITURE ON HISTORIC ACTIVITY Economic value & expenditure. The economic value of the historic vehicle sector in annual spending terms is around £5.5 billion. This estimate is 27.9% up on the 2011 equivalent figure (£4.3bn) and illustrates the growth of the sector over that time.