A newly formed industry body is warning that mind-boggling bureaucracy could strangle the classic car sector.
The Historic and Classic Vehicles Alliance, a not-for-profit body, intends to campaign on behalf of the whole industry in order to avert what it sees as an on-coming catastrophe.
The Alliance is warning of a perfect storm for our classic car industry valued at £18.3bn with what describes as ‘complex’ and confusing new rules on importing and exporting vehicles post Brexit alongside ‘poorly focused’ environmental legislation. It is calling on politicians and regulators to listen to our classic car sector concerns and instead of strangling the life out of the industry, help build and grow the sector.
The Alliance team have completed a deep dive on the sectors finances and produced some truly staggering data. The entire ‘fleet’ of classic cars on UK roads is valued at an amazing £12bn. The Chancellor receives over £3bn annually in to his coffers from classic car buffs - ker-ching. Some are wondering what we get back, another story for another day.
And the industry has nearly 120,000 skilled workers plus almost 700 apprentices. Significantly, classic car commerce is spread the length and breadth of the country with large concentrations in the Midlands, North West, and down on the South Coast. Just 5% is focused in London. Perfect for the so-called ‘levelling up’ agenda.
Great small British businesses are recognised across the globe in this sector with their brilliant craft, trade and engineering skills. If we are to avoid the calamitous mistakes of the British car industry 1970s our suggestion we all get behind The Alliance’s Campaign a bit lively?
We’d love to hear your views. #SOC (Save Our Classics)
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