The number of employees in the sale of motor vehicles sector in Chile is forecasted to grow steadily from 2024 through 2028. In 2023, the sector employed 27.74 thousand individuals. By 2028, the employee count is expected to reach 28.62 thousand, representing a modest annual increase. Year-on-year variations indicate increases of approximately 0.65% to 0.75% annually for the forecast period. The Compound Annual Growth Rate (CAGR) over the next five years is anticipated to be around 0.63% per year.
Future trends to watch for include:
- Technological advancements in vehicle sales platforms, potentially enhancing efficiency and reducing workforce requirements.
- Economic factors influencing vehicle demand, including interest rates and consumer confidence.
- Changes in regulatory environments that may impact employment in this sector.