Forecast: Number of Employees in Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar in Canada

In 2023, the actual number of employees in the motor vehicles and motorcycles wholesale, retail trade, and repair sector in Canada stood at approximately 3.05 thousand jobs. The forecasted data from 2024 to 2028 shows a steady increase, with moderate growth rates: from 3.07 thousand jobs in 2024 to an anticipated 3.15 thousand by 2028. This reflects a compound annual growth rate (CAGR) of about 0.65% over the five-year period.

Future trends to watch for include:

  • Technological advancements, particularly in electric and automated vehicles, which might increase demand for specialized skills.
  • Economic fluctuations that could impact consumer spending and, consequently, employment in this sector.
  • Policy changes regarding environmental regulations that might influence industry practices and workforce requirements.

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