In 2023, the number of employees in the US wholesale, retail trade, and repair of motor vehicles and motorcycles stood at approximately 3.10 million. Forecasts show a gradual increase from 2024 through 2028, growing from 3.12 million to 3.23 million employees. The year-on-year percentage growth is expected to be modest, reflecting a steady, ample expansion in the sector. Over the five-year forecast period, the compounded annual growth rate (CAGR) is projected to remain stable.
Future trends to watch for include advances in technology affecting automotive repairs, evolving consumer preferences towards sustainable vehicles, and potential policy changes influencing workforce demands in the automotive sector.
