The forecast for self-employed persons in the US motor vehicles and motorcycles wholesale, retail trade, and repair sector shows a decreasing trend from 2024 to 2028, dropping from 906,000 to 830,000. In comparison, the figure stood at 926,000 in 2023, reflecting a noticeable declining trajectory. Year-on-year, the forecasts indicate a reduction of approximately 2-2.2%, with a compound annual growth rate (CAGR) of about -2.1% over the five-year period. The declining trend can be attributed to several factors, including market consolidation and digital transformation reducing the need for traditional self-employment models in this industry.

Future trends to watch for include:

Increasing adoption of e-commerce platforms and digital tools by small businesses.
The potential impact of electric vehicles and associated services on self-employment opportunities.
Legislative and economic policies potentially affecting small business operations in the sector.