In 2023, total hours worked in the Motor Vehicles and Motorcycles Wholesale, Retail Trade, and Repair sector in Canada were less than 5.18 billion hours. The forecast from 2024 to 2028 shows a steady annual increase, starting at 5.18 billion in 2024 and reaching 5.29 billion by 2028, with a CAGR reflecting consistent long-term growth. The sector appears to be experiencing moderate growth, suggesting slight but positive year-on-year increases in total hours worked.
Future trends to watch for include technological advancements or disruptions, such as increased vehicle electrification and enhanced e-commerce platforms, which might impact labor dynamics in retail and repair services.
