Forecast: Number of Self-Employed Persons in Wholesale, Retail Trade and Repair of Motor Vehicles and Motorcycles in the US

The number of self-employed persons in the wholesale, retail trade, and repair sectors for motor vehicles and motorcycles in the U.S. is declining. In 2023, the figure stood at 260,000 individuals. Forecasts show a decrease from 256,000 in 2024 to 241,000 by 2028, indicating a steady downward trend. Year-on-year variations highlight a consistent decline of 1.56% on average, while the compound annual growth rate over the five-year forecast period suggests an average decrease of approximately 1.52% per year.

Future trends to watch for include technological advancements in the industry, which may lead to further automation and digitalization, potentially reducing the reliance on self-employed individuals. Additionally, policy changes or economic fluctuations could also impact these numbers, either accelerating the decline or providing new opportunities for self-employment.

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