Depends. Do people still need yearly vaccinations for the last SARS Coronavirus? No, because it was completely stopped. There's a good chance that this one can be completely stopped too if everyone gets their immunity fast enough, before it has the chance to become varied enough to escape existing immunity and becomes endemic.
IOW, it may burn itself out before it changes enough to reinfect people with existing immunity. Heck, even if it does change and become endemic with enough ever-changing variety and fast-waning immunity to reinfect people from the previous year we will still have SOME level of resistance making it far less of a concern. It would likely be considered a new strain of the common cold... and we don't get vaccinated for that every year.
SARS-CoV and MERS-CoV were both terrible at spreading though, and too effective in producing severe symptoms. Thankfully they never mutated into something more efficient at spreading ... yet now we are dealing with a similar enough virus that IS efficient at spreading, and looks to be getting better at that. What happens if this one mutates an ability to be just as commonly severe as the first two pandemic-level variants?
And you bet your bottom dollar we'd be able to get vaccines for "common cold" viruses if they could. But the problem is, either they all mutate enough, or the body doesn't build up a significant enough lasting immunity. I believe the latter is a chief reason the endemic human coronaviruses stick around. The other issue is that there are just so many viruses that can be responsible for the appearance of the common cold symptoms.
Common cold viruses are still responsible for a significant economic drain. Let's not forget that just because we call these common cold viruses, doesn't mean that they don't carry risk of greater infection. Just about any virus can also cause encephalitis, or even induce GBS and other autoimmune syndromes. Many can also cause bronchitis or pneumonia, or sinus infections. Each and every one of those, while generally mild, can lead to even further risk of severe illness and even death.
I suspect it's just not feasible, because it would be surely profitable to pump out annual boosters for protection against common cold viruses. Now if we are talking bacteria and developing new antibiotics, pharma is less inclined there because antibiotics don't sell for much, and they become generics in time and thus don't offer lucrative reoccurring revenue.