Forecast: Employment in Wholesale, Retail and Repair of Motor Vehicles and Motorcycles Sector in Canada

The employment in the Wholesale, Retail, and Repair of Motor Vehicles and Motorcycles sector in Canada is projected to remain stable from 2024 to 2026, with minor growth observed starting in 2027, reaching 3.02 million by 2028. In 2023, the employment level was at 3.00 million. This reflects a CAGR of approximately 0.13% over the forecast period from 2024 to 2028, indicating minimal annual growth in employment in this sector.

Future trends to watch for include:

  • Technological advancements in vehicle sales and repair services that may require new skill sets.
  • Changes in consumer preferences towards electric vehicles which could impact employment dynamics.
  • Potential economic factors affecting consumer spending that could influence retail and wholesale demands.

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