In 2023, employment in the US motor vehicles and motorcycles wholesale, retail trade, and repair sector stood at a certain level, witnessing a stable growth trend as forecasted for the coming years. From 2024 to 2028, employment is expected to increase incrementally from 21.86 to 22.12 million full-time equivalent units, with consistent year-on-year growth percentages indicating a steady upward trajectory.
Future trends to watch for include:
- Technological advancements impacting automotive retail and repair sectors.
- Shifts in consumer preferences towards electric vehicles affecting employment dynamics.
- Regulatory developments influencing trade practices and repair operations.