GITNUX MARKETDATA REPORT 2024

Must-Know Auto Industry Job Statistics [Current Data]

Statistic 1

"The global automotive engineering services market is expected to grow at a CAGR of 8.1%, with a revenue of $243.9 billion by 2028."

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Statistic 2

"Automotive service technicians and mechanics are projected to have little to no change in employment from 2021 to 2031, with an average of 73,300 job openings projected annually and a median annual wage of $46,880."

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Statistic 3

"Volkswagen Group has the most employees in the auto industry, with 662,575 people working at their plants worldwide, almost double that of Toyota Motor Corporation, which employs 370,870 people."

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Statistic 4

"The Volkswagen Group is the biggest employer in the automotive industry, followed by Toyota, BYD, and Stellantis."

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Statistic 5

"The global automotive engineering services market is expected to grow at a CAGR of 8.1%, with a revenue of $243.9 billion by 2028."

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Statistic 6

"The automobile industry in the US employs over 1.7 million people, with 923,700 in motor vehicles and parts manufacturing jobs and around 2 million in auto sales jobs, and has sold between 10 million and 17 million cars annually since 1976, with an average hourly pay of $25.51."

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Statistic 7

"Motor vehicle and parts dealers in the US employed just under 2 million people in June 2022, up from around 928,500 the previous year, despite the effects of the coronavirus outbreak on the industry, resulting in lost vehicle sales of up to about three million units."

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Statistic 8

"38% of consumers consult social media for their next car purchase, 23% use social media to communicate their purchase experience, and 24% use Facebook as a resource for making their vehicle purchase, with 40% of new car purchases expected to be made by millennials in the next 10 years."

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Statistic 9

"C3 Dealer’s Consumer Assimilation Software has access to 97% of the US population and engages with 40% net new customers, while there were approximately 2.14 billion digital buyers as of 2021, equating to one out of every four people."

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Statistic 10

"Automotive service technicians and mechanics are projected to have little to no change in employment from 2021 to 2031, with an average of 73,300 job openings projected annually and a median annual wage of $46,880."

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Statistic 11

"There are over 92,598 automotive technicians employed in the US, with the majority being men (95.8%) and the most common ethnicity being White (60.8%)."

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