The Economic Value Study, EVS, of well over 6000 Australian respondents, distributed to over 800 motoring clubs nationally, was conducted for the Australian Motor Heritage Foundation, AMHF.
The enthusiast owners of an estimated 970,000 historic vehicles in Australia spend on average $10,240 per vehicle annually, around 12.5 per cent more than people who own daily driven cars. The historic vehicle fleet represents 4.4 per cent of Australia’s 21 million total vehicle fleet.
“The findings of this report have certainly highlighted the significance of the historic vehicle sector to both the community at large and the economic sector,” Hugh King, Chairman of the AMHF said.
The survey also reveals the total annual economic impact including both direct and indirect secondary expenditure is $25.2 billion: with the sector creating almost 79,000 jobs – 42,000 direct and 37,000 indirect. These jobs generate $6.2 billion in wages and salaries annually. These are very large numbers by any standard.
Stavros Yallouridis, CEO of the Motor Traders’ Association of NSW, MTA NSW,, said the AMHF’s survey gave yet more irrefutable evidence of the significant contribution of the automotive sector in the broader Australian economy.
“Despite the end of local vehicle manufacturing, Australia maintains a rich and diverse automotive industry, which employs hundreds of thousands of people across a range of roles,” Mr Yallouridis said.
Copies of the full report can be downloaded from the AMHF website www.motorheritage.org.au.
