Forecast: Production in Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles Sector in the UK

The motor vehicles and motorcycles sector in the UK is projected to grow steadily from 2024 to 2028. Starting at £60.51 billion in 2024, the sector's output is expected to increase annually by approximately 1.6%, reaching £64.29 billion by 2028. With no actual data for 2023 provided, the 2024 forecast indicates a continuation of positive trends seen in earlier years.

Key future trends to watch for:

  • The impact of electric vehicle adoption on sector production and repair services.
  • The influence of technological advancements such as AI and IoT in vehicle sales and maintenance.
  • Potential regulatory shifts and sustainability efforts influencing production and supply chains.

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