In 2023, the production value for the wholesale, retail trade, and repair of motor vehicles and motorcycles in the UK stood at £64.31 billion. For the forecasted years, the data shows a consistent upward trend with an estimated increase of £1.46 billion from 2024 to 2025, reaching £67.22 billion in 2025. Further yearly growth projects values to be £71.43 billion in 2028, indicating a steady compound annual growth rate (CAGR) of approximately 2% over these five years.

Future trends to watch for:

Technological advancements in electric vehicles and autonomous vehicles could significantly impact market dynamics.
Sustainability demands and policy changes may influence production, with potential shifts towards greener technologies.
Economic factors such as inflation and consumer purchasing power could affect sales and repair services in this sector.