In 2023, labour costs in the wholesale, retail trade, and repair of motor vehicles and motorcycles in Germany stood at 32.5 billion Euros. From 2024 to 2028, these costs are forecasted to increase steadily, reaching 35.4 billion Euros by 2028. The year-on-year increase is consistent, with notable growth each year: 1.82% from 2024 to 2025, 1.78% from 2025 to 2026, 1.69% from 2026 to 2027, and 1.67% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is approximately 1.69%.
Future trends to watch for include potential policy changes affecting labor markets, supply chain dynamics influencing retail, and technological advancements in vehicle repair processes, which could impact labor demands and costs in this sector.
