May 29, 2024


Passion For Business

‘Mindboggling’ red tape threatens classic car industry, owners warn

A village fete is hardly ever comprehensive without having an array of vintage cars parked on the grass for motoring lovers to admire. But now historic car or truck entrepreneurs are warning the swap to electrification and the pink tape ensuing from Brexit threaten the survival of firms that hold these classic cars on the road. 

The vintage car or truck sector has formed a new group, the Historic and Vintage Automobiles Alliance (HCVA), to defend an sector it states has an annual turnover of £18.3bn and possibly employs or supports some 113,000 work, including engineers, restorers, craftsmen and components suppliers.

HCVA estimates there is a fleet of some one.54m historic cars, described as people above thirty decades outdated, on British isles roadways. There are a even more one.47m classic cars, which are aged 15 to thirty decades outdated, bringing the complete value of these cars to £12.6bn.

Despite their outdated-fashioned technologies, these cars are considerably less polluting than anticipated as they are pushed so hardly ever, covering an ordinary one,200 miles a 12 months over the average of 16 moments they are pushed, a fraction of the 7,000 miles most cars deal with.