In 2023, wages and salaries in Italy's motor vehicles and motorcycles wholesale, retail trade, and repair sectors reached 62 billion euros. Forecasts indicate a steady increase, with values reaching 67.64 billion euros by 2028. Year-on-year growth rates from 2024 through 2028 show consistent upward movement. The Compound Annual Growth Rate (CAGR) over these five years is approximately 1.56%, reflecting a stable market growth environment.
Future trends to watch for include:
- Technological advancements impacting workforce dynamics.
- Changes in consumer preferences towards electric vehicles affecting retail strategies.
- Potential regulatory impacts and economic shifts in the broader European market.