In 2024, the UK wholesale, retail trade, and repair of motor vehicles and motorcycles sector employed 545,650 individuals. This number is projected to rise steadily to 565,480 by 2028. Year-on-year employee growth rates are consistently between 0.9% to 1.0% across this period. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to remain modest, averaging around 1.0%. This suggests a stable increase in employment within the sector.

Future trends to watch for:

Technological advancements in vehicle repair and wholesale processes may influence the demand for specialized skills.
Shifts in consumer preferences towards electric and autonomous vehicles could impact employment needs and skills.
Economic factors and regulatory changes post-Brexit might continue to affect the workforce landscape.