In 2023, wages and salaries in the wholesale, retail, and repair sectors of motor vehicles and motorcycles in Germany stood at an estimated 186.4 billion Euros. Forecasts for the years 2024 to 2028 project a steady yearly increase in these wages, starting at 190.82 billion Euros in 2024 and reaching 208.55 billion Euros by 2028. This trend reflects a consistent upward trajectory, demonstrating an average compound annual growth rate (CAGR) of about 2% over this period. The year-on-year growth remains stable around 2-2.1%, indicating a moderate but robust increase.
Future trends to watch for include potential impacts of technological advancements and automation in the automotive industry, which could shift labor costs or require different skill sets. Additionally, economic factors such as inflation, labor market dynamics, and policy changes in Germany should be monitored as they could influence wage developments in this sector.
