A report has reviled that the average Brit will spend £695 maintaining their car per year. With over 30 Million cars in the UK that means we spend over £21.1 Billion per year on services and repairs, making our cars some of the best maintained in the world.
The report from the Society of Motor Manufacturers and Traders (SMMT) shows that we spend more than 12% than the global average. Other findings show the UK having fewer cars that are in need of new parts (brakes etc.) generate excess pollution and are in a state of repair.
All this adds up to £12.2 Billion being put into our economy which supports 345,000 jobs at over 42,500 garages across the UK. Some experts have predicted the aftermarket will grow to be worth £28 Billion by 2022 with jobs increased to 400,000.
SMMT Chief Executive Mike Hawes said: “The UK’s aftermarket is one of the most competitive in the world and plays a critical role in keeping Britain’s 30 million-plus cars roadworthy. Robust competition and a strong independent sector have helped reduce the cost of vehicle ownership in the UK and provide greater choice to consumers. For this growth to be sustained, however, the sector must stay abreast of evolving vehicle technologies and changing mobility patterns.”
The UK also has the highest online search for parts the report shows at 7% ahead of countries like Germany, five per cent, and France, four per cent.
For parts follow the link: http://goo.gl/wvp0ZE
To read the full report follow the link: http://goo.gl/ZQLuZ6