Motor Industry Trends Report

Key Points:

1. The Motor Trades sector's vacancy rate stays at 4.3, unchanged for eight months and 43% above the all-industry average of 3.0.

2. With about 23,000 vacancies, the sector ranks second in vacancy rates, just behind the Accommodation and Food Services sector.

3. Most job postings (52%) seek Vehicle Technicians, Mechanics, and Electricians, indicating a high demand for skilled labour.

4. A second surge in vacancies appeared early in 2023 but has levelled off, highlighting challenges in filling positions due to skill shortages and the shift towards EVs.

5. Job postings rose by 5% from December 2023 to January 2024, with Vehicle Valeters and Cleaners seeing notable growth, possibly due to seasonal trends or better customer service.

6. The sector's vacancy rates versus job postings show it facing technological changes and a need for skilled workers for the future of mobility.

Read the full report here:

https://tide.theimi.org.uk/sites/default/files/2024-03/UK%20Automotive%20Vacancy%20Overview%20-%20Feb%202024.pdf