British cars among world’s best kept with £21.1 billion spent on service and repair every year.
British motorists spend £695 each every year looking after their cars – 12% more than the global average.
UK most competitive sector in Europe, with greatest share for independent service outlets.
Aftermarket sector generates £12.2 billion for the economy and supports 345,000 jobs repairing and maintaining Britain’s 30 million-plus cars.
British cars are among the best maintained in the world, with UK motorists spending a collective £21.1 billion a year on servicing and car repairs. That’s according to a new report – the first official industry analysis of the UK automotive aftermarket – published today by the Society of Motor Manufacturers and Traders (SMMT).
Recently the report, The Importance of the Aftermarket to the UK Economy, commissioned by SMMT from independent research consultancy Frost & Sullivan, reveals that UK consumers spend an average £695.39 on car maintenance every year – some 12% higher than the average global spend per car of £621.62. The report also states that compared with other markets there are fewer cars in disrepair, generating excess pollution or needing new brakes on British roads.
TS Garage Services, car servicing and repairs in Gosport, is proud to be part of the wellbeing and the preservation of the environment through providing environmental friendly and high standard car repairs in Gosport. Tyre Stocks certify all cars are exceeding standards when going back on the road so they generate as less pollution as possible.
With more than 42,500 vehicle service and repair locations of all types, the UK aftermarket is a huge, diverse and highly competitive industry. With a strong franchised dealer network and the largest share of work carried out by independently owned businesses in Europe at 64%, it offers consumers a wide choice of where and how they have their cars serviced – and how much they spend. Parts and labour costs at independent outlets can be up to 65% and 45% lower respectively.
The report also reveals the significant economic contribution made by the UK automotive aftermarket, which delivers an annual £12.2 billion direct to the UK economy and supports more than 345,000 British jobs. As the number and age of vehicles on UK roads increases, thanks to a healthy new car market, ever-improving quality and ever-more advanced servicing techniques, by 2022 the UK aftermarket is projected to be worth some £28 billion with an employee base of around 400,000.
The report’s findings come as the first ever Automechanika aftermarket trade show in the UK opens today at Birmingham’s NEC. The exhibition brand already has a presence in 14 markets and the growing UK sector is the latest to be identified as a key investment destination.
If you are local to Gosport and are need of a car check up or car repairs, contact us today.