Vacancies within the motor sector have fallen to a three-year low, in accordance with the newest official figures.
The simply printed IMI Automotive Vacancies Report reveals that the motor trades emptiness charge has fallen month on month for the previous 4 months.
The IMI’s evaluation of the October 2024 knowledge from the Workplace of Nationwide Statistics (ONS) reveals motor trades vacancies at 19,000, the bottom since October 2021.
And with 3.3 vacancies for each 100 workers, that is down from 3.5 in September.
Nonetheless, motor trades are nonetheless ranked the joint 2nd highest emptiness charge of all industries with solely hospitality with a better charge.
Sellers can be preserving a detailed eye on recruitment and employment ranges following the latest Finances which ratcheted up prices with greater .
“With many motor dealers already experiencing the challenge of increased overheads and squeezed margins, the extent of the changes to Employers NIC and living wage will provide additional unexpected cost pressures for auto retailers,” stated Michelle Malone, a finance knowledgeable at Xeinadin
