In 2023, the motor vehicles labor cost per employee FTE in Germany stood at 101.8 thousand euros. The forecasted data for 2024 to 2028 shows a steady increase in labor costs, with a growth from 103.0 to 107.4 thousand euros, reflecting a year-on-year growth ranging between 1.2% to 1.0%. Over this five-year period, the compound annual growth rate (CAGR) is approximately 1.1%, indicating modest but consistent increases in labor costs.

Future trends to watch for:

Impact of automation and advanced manufacturing technology on labor costs and employment.
Economic policies and labor laws affecting wage negotiations in the automotive sector.
Potential shifts in global supply chains and their impact on labor market dynamics.