The current vacancy rate, calculated on the number of vacancies per 100 employees is 3.8 for motor trades, which works out at 20,000 unfilled positions. This is just below the all-industry national rate of 4.1%. The rate went up quickly during 2021 and stayed high through 2022, although the rates have dipped slightly in the past two months.
Advertised salaries for vehicle technicians have risen by by 5.5% in the last six months, hitting an average of £34,500, with 70% more job posts than in September 2019.
Salaries for tyre, exhaust and windscreen fitters have increased by 21.3% since 2019, reaching an average of £26,600, with 45% more advertised jobs than in 2021.
Meanwhile, job postings for vehicle and parts salespersons have fallen slightly in the past two months but are still 34% up on 2021, with salaries up 11.5% compared with 2019.
Commenting on the findings, IMI CEO Steve Nash said: “It has been very encouraging to see the steady growth in salaries being offered for automotive professionals. In the past our analysis has highlighted a salary premium for job posts specifically requesting EV skills. However, this year the high levels of vacancies are across the board, and the urgent need to address the issue, means that all salaries have increased. Vehicle technician salaries are now at the same level as salaries advertised for EV job roles.”
Steve added: “Whilst over inflated salary expectations can put pressure on employers, it is extremely positive for individuals, especially during the ongoing cost-of-living crisis. As an industry body one of the most common issues our members raise is how the sector can attract talent and minimise churn. With this challenge in mind, it is encouraging to see the industry evolving and salaries rising to reflect the talent and value of motor trade professionals.”
