A report from the Society of Motor Manufacturers and Traders (SMMT) informs that British drivers spend 12% more than the global average to keep their cars in working condition. The collective repair bill of British motorists stands at £21.1 billion per year.
According to the first official industry analysis of the British automotive aftermarket, each British driver spends £695.39 on average to look after his or her car. Based on an estimated 1.11 billion vehicles in operation across the world, the global spend per car is £621.62.
Commissioned by the SMMT, The Importance of the Aftermarket to the UK Economy report also informs that there are fewer cars in a state disrepair in the United Kingdom compared to other countries around the world. Mike Hawes, the chief exec at the SMMT, 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 provided greater choice to consumers. For this growth to be sustained, however, the sector must stay abreast of evolving vehicle technologies and changing mobility patterns.”
Bearing in mind that the United Kingdom< has the eight largest aftermarket sector in the world, staying abreast should be a priority, not a triviality. The need for more competent mechanics and more professional repair shops is mirrored by how the drivers use the Internet.
As per the said study, the United Kingdom has the highest penetration of online retail for car parts and services (7%). By comparison, Germany and France settle for second and third place, respectively (5 & 4 percent, respectively).
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