The wholesale, retail, and repair of motor vehicles and motorcycles sector in the US forecasts a steady increase in employment from 2024 to 2028, starting at approximately 22.69 million jobs in 2024 and reaching 22.95 million jobs by 2028. This represents a consistent annual growth, but the growth rate slows as the years progress. The sector's CAGR over the five years is indicative of a stable yet modest expansion in employment opportunities.
Future trends to watch for include:
- Technological advancements in vehicle automation could impact job roles and demand within the sector.
- Shifts towards electric vehicles may require new skills and lead to restructuring of employment.
- Economic fluctuations could influence consumer demand, affecting employment numbers.