In the Wholesale, Retail, and Repair of Motor Vehicles and Motorcycles sector in the US, the forecast for self-employed people shows a decline from 972,000 in 2024 to 927,000 by 2028. This represents a reduction of about 4.6% over the five-year period, with a Compound Annual Growth Rate (CAGR) of approximately -1.17%. Year-on-year analysis indicates a steady decrease, highlighting a challenging trend facing self-employed individuals in this sector.

Future trends to watch for:

Impact of technological advancements and automation on self-employment opportunities.
The influence of economic cycles on consumer demand and its effect on small business viability.
Shifts in consumer preferences towards electric vehicles and the corresponding impact on repair and retail services.