The Low Volume Motor Vehicle Manufacturers Act of 2015, which was introduced during June in the House of Representatives by Rep. Mark Mullin (R-Okla), would allow the production of ready-to-drive classic cars by small companies. It would also allow them to skip over the currently cost-prohibitive tests for emissions and safety, which are required for all newly produced vehicles.
This bill, H.R. 2675, would allow registered companies to produce 500 cars each year that would have a Vehicle Identification Number, something that is assigned to kit cars. Kit cars are component kits that must be assembled by the buyer or a third party shop, according to current laws. This new law, however, would allow exceptions and provide designs licensed by the original manufacturers for cars that are at least 25 years old.
Officials predict that the law would allow for around 1,500 cars to be produced annually, making a very small impact on the automotive market and creating thousands of jobs. Previous attempts at laws like this did not specify classic cars and were stopped due to concerns from the major automotive producers in the US.
Benefits Already Known for Small Companies in Niche
Individuals that already have small companies focused on the creation of kit cars or specialized replicas are seeing big changes to their own companies and the niche as well. Potential to hire new employs and drastically increase profits were two potential benefits, as was the ability to develop new technologies thanks to the opportunity to build the classic car replicas.
Many people may be more than happy to support the change, as it will provide access to vehicles that are in high demand for car shows and for yorkton car dealerships. The bill would allow access to replicas of vehicles that may be out of the price range for some die-hard enthusiasts or simply not available due to a high rate of accident or wear on the original models.
Bill is Currently Stuck in Limbo
The bill is currently awaiting further action, having been referred to the Committee on Energy and Commerce. Even if passed, it would take some time to go into effect and even longer for companies to adjust to meet the volume allowed by the bill, which is the sale of less than 5,000 cars worldwide during a fiscal year.
Car enthusiasts will have to wait for progress for the bill, in order to determine if they will get their dream of a replica of a specific car, crafted by a company created for the purpose of classic car replica production.…Read More »