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

The number of persons employed in the motor vehicles and motorcycles wholesale, retail trade, and repair sector in Canada is projected to increase from 3.18 thousand in 2024 to 3.26 thousand in 2028. From the previous year 2023, where employment figures stood slightly under 3.18 thousand, this indicates a stable upward trend.

Year-over-year, employment is expected to grow by approximately 0.63% annually, with a Compound Annual Growth Rate (CAGR) of about 0.63% from 2024 to 2028. This consistent yet modest growth reflects steady sector health amid evolving market conditions.

Future trends to watch for include:

  • The impact of technological advancements on job roles within the sector.
  • Shifts in consumer demand affecting employment levels.
  • Potential regulatory or policy changes influencing market dynamics and employment.

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