The value added of wholesale, retail, and repair of motor vehicles and motorcycles in the UK is projected to increase steadily from 2024 to 2028, starting at £37.24 billion in 2024 and reaching £40.18 billion by 2028. If we compare these forecasts to 2023, which was the base year, this indicates a consistent trend of growth. The year-on-year growth rates from 2025 to 2028 average around 2%, signifying modest but stable growth within this period.
Future trends to watch for include the ongoing digital transformation in the retail sector, the impact of evolving consumer preferences towards electric vehicles, and regulatory changes in emissions standards. These factors are likely to influence market dynamics significantly and could drive innovation and adaptation within the sector.
