In 2023, the labour cost per employee FTE in the UK motor vehicles, trailers and semi-trailers sector stood at an unspecified value. For the forecasted years from 2024 to 2028, a steady increase in labour costs is anticipated, with values rising from 61.1 to 63.3 thousand euros. This represents an average annual growth rate (CAGR) of approximately 0.9%.

Future trends to watch for include:

Technological advancements potentially increasing productivity and affecting labour costs.
Brexit implications on labour supply and cost dynamics.
Global economic conditions influencing the cost structure in the automotive industry.