On average, Brits spend £695 per year on auto service and repairs
A report from the Society of Motor Manufacturers and Traders (SMMT) shows that the people of Britain like to spend an average of £695 per year on car maintenance, repairs and service.
The SMMT report suggests that Britain’s auto vehicle owners are some of the most attentive across the globe. The figures collated by the society show that Brits spend 12 per cent more than the global average on auto aftercare, resulting in an automotive aftermarket that is larger than those in India, Korea and Brazil.
Each year in the UK, car owners spend £21.1 billion per year on vehicle repairs, services and automotive parts. Figures from the report show that the auto aftercare sector employs 345,000 workers in the UK and creates £12.2 billion in revenue for the economy.
SMMT has also forecasted a market growth within the next six years, as the UK automotive industry itself grows and Brits splash out on the latest models. The aftercare market is expected to increase to £26 billion by 2022, with industry jobs reaching 400,000 within the same time frame.
Mike Hawes, the Chief Executive at SMMT, commented: “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… For this growth to be sustained, however, the sector must stay abreast of evolving vehicle technologies and changing mobility patterns.”
The report also found that Brits are spending more purchasing automotive parts online. In fact, the online sale of automotive parts accounts for seven per cent of the market; higher that Germany (5 per cent) and France (four per cent).
What’s more, the UK has less gas-guzzling, high-emission old bangers than many countries, according to the SMMT report.
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