Based on forecasted data, the number of self-employed individuals in the Wholesale, Retail and Repair of Motor Vehicles and Motorcycles sector in the US is expected to decrease steadily from 275,000 in 2024 to 259,000 in 2028. The projected decrease for 2025, 2026, and 2027 is 1.81%, 1.48%, and 1.50%, respectively. In 2023, this figure stood at 280,000. Over the five-year period, the compound annual growth rate (CAGR) indicates an average annual decline of approximately 1.55%.
Future trends to watch for include how advancements in technology, such as electric vehicles and automation, might impact the need for self-employed workers in this sector. Additionally, shifts in consumer buying patterns, such as increased online vehicle sales, could influence these employment figures.
