One corner of the auto market is churning out new jobs
Life in the slow lane
Though marginal, the 0.3% growth in sales in October has raised a glimmer of hope that the world’s fourth-largest automobile market will sustain its growth momentum amid steps taken by the federal government to boost consumer confidence and improve market sentiment.
Beating the blues
A market like the pre-owned car space that was previously frowned upon and stigmatized, has found greater appeal among modern-day millennial consumers.
$25 billion by 2023?
Digitally savvy millennials seeking choices that maximize value while minimising the impact on environment have been the key force driving this growth.
Given that organised retail comprises only 15% of the 4-million-unit used car market, the job potential for this sector is substantial.
Who's in demand
The present staffing demand has been 12-15% for the past 12 months and is expected to increase by another 7-8% in the coming two-three quarters. Diploma holders in automobile or mechanical engineering, vehicle inspectors and technical evaluators are in high demand.