The total hours worked in the motor vehicles and motorcycles wholesale, retail trade, and repair sector in the US is expected to increase slightly from 37.59 billion hours in 2024 to 37.86 billion hours by 2028. In 2023, this figure stood at approximately 37.52 billion hours. The year-on-year growth from 2024 to 2028 is relatively modest, with small percentage increases each year. The compound annual growth rate (CAGR) over the five-year period is minimal, indicating a stable but slow-growing sector.

Future trends to watch for:

Adoption of automation and digitalization, potentially impacting labor hours.
Shifts in consumer behavior towards electric vehicles influencing the repair sector.
Evolving government policies on emissions and their impact on trade regulations.