In 2023, the UK renting and leasing of motor vehicles sector employed 55.02 thousand individuals. Projections for 2024 to 2028 indicate growth, with employee numbers rising from 55.88 thousand to 59.24 thousand. Year-on-year growth demonstrates incremental increases: 1.56% in 2024, 1.55% in 2025, 1.50% in 2026, 1.44% in 2027, and 1.39% in 2028. Over the five-year span, the compound annual growth rate (CAGR) is approximately 1.49%.

Future trends to watch:

Impact of technological advancements, such as electric and autonomous vehicles, on employment.
Shifts in consumer behavior towards leasing over owning vehicles.
Regulatory changes affecting the automotive sector.