The Canadian wholesale, retail, and repair of motor vehicles and motorcycles sector is forecasted to grow from 410.34 thousand jobs in 2024 to 430.51 thousand jobs in 2028. The year-on-year growth rates from 2024 to 2028 are projected around 1.24% to 1.18%. The compound annual growth rate (CAGR) for a five-year period from 2024 to 2028 is approximately 1.19%. This consistent growth suggests resilience and potential stability in the employment landscape within this sector in Canada.
Future trends to watch for include technological advancements in vehicle technology affecting job roles, potential regulatory changes impacting employment dynamics, and shifts in consumer preferences towards electric vehicles, which may require workforce upskilling and adaptation to new service models.
