The forecast for the number of employees in the UK motor vehicles and motorcycles wholesale, retail trade, and repair sector shows a steady growth from 2024 to 2028, with figures increasing from 4.46 million in 2024 to 4.51 million in 2028. This represents a modest compound annual growth rate (CAGR) of roughly 0.28% over the five-year period. Comparing the year-on-year, the change is subtle yet positive, suggesting a stable employment environment in the sector. In 2023, the number stood at approximately 4.45 million, reflecting a consistent but mild upward trend.
Future trends to watch for include potential impacts of technological advancements such as electric vehicles and automation, shifts in consumer preferences towards sustainability, as well as regulatory changes that may influence hiring practices. Keeping an eye on these factors will be crucial for understanding long-term employment trajectories in the sector.
