Forecast: Employment in Sale of Motor Vehicles Sector in Spain

In 2023, employment in the sale of motor vehicles sector in Spain stood at 83.80 thousand full-time equivalents (FTE). Forecasted data for 2024 shows a slight decline to 83.21 thousand FTE, continuing a downward trend through to 2028 where it is projected at 80.93 thousand FTE. Year-on-year, the employment is expected to decrease by approximately 0.71% in 2025, 0.69% in 2026, 0.70% in 2027, and 0.68% in 2028. The compound annual growth rate (CAGR) over the next five years is projected to be around -0.69%, reflecting a gradual decline in employment within the sector.

Future trends to watch for include technological advancements in automotive retailing, shifts towards electric vehicles, and evolving consumer behaviors favoring online car purchases. These factors may alter employment dynamics and require adaptation in skills and job roles.