The wages and salaries for the renting and leasing of motor vehicles in the UK stood at €1.79 billion in 2023. Starting in 2024, the market forecasts indicate a steady annual increase, reaching €1.95 billion by 2028. This reflects a consistent year-on-year growth rate: 2.2% in 2024, 2.2% in 2025, 1.6% in 2026, 1.6% in 2027, and a final 1.6% in 2028. The compound annual growth rate (CAGR) over the five-year forecast period is projected at approximately 1.77%.

Future trends to watch for:

Impact of technological advancements in vehicle leasing platforms on employment and wages.
Evolving consumer demands towards electric vehicle leasing require workforce adaptation.
Potential economic fluctuations may influence hiring practices within the industry.