Australian Motor Heritage Foundation – Economic Value Study of Australia’s Historic Vehicle Sector

Posted on 30 May, 2024
Australian Motor Heritage Foundation – Economic Value Study of Australia’s Historic Vehicle Sector

The Australian Motor Heritage Foundation has published a report entitled “Economic Value Study of Australia’s Historic Vehicle Sector”, shining a spotlight on the important role the classic vehicle scene plays in the broader Australian economy.

This is a fantastic report that comprehensively debunks the myth that Historic Vehicles are a small and irrelevant hobby, with the sector proving to be a significant driver of economic activity.

The numbers revealed by the study are remarkable. 

All told, the industry supporting the Historic Vehicle movement is responsible for 79,000 jobs, 42,000 direct and 37,000 indirect.

Australians spend $9.9 billion a year on their historic vehicles, while the total economic impact is over $25 billion a year.

Breaking this down further, there are estimated to be a total of 970,000 historic vehicles in Australia, or around 4.4% of the total vehicle fleet, with owners spending close to $10,240 on each machine annually.

This spend per vehicle is around 12.5% greater than the amount spent on daily driven cars.

The full report can be found here: 

We strongly recommend a full reading, as it is the first report of its type to ever be carried out in Australia, surveying some 6,000 respondents across 800 motoring clubs.

Motors and Masterpieces aims to make a passionate contribution to the Historic Vehicle movement by engaging the next generation of enthusiasts, which is essential for the space to flourish.

The event aims to highlight the contribution that the vehicle has made to our way of life, especially the ongoing evolution of the relationship between man and machine.

Join us at the Melbourne Showgrounds from November 22-24 as we redefine the motoring festival concept.

Entries for display vehicles, the Concours, and the Concours VIP are now available, and you can now purchase general admission tickets.