In 2023, the wages and salaries in the wholesale, retail, and repair of motor vehicles and motorcycles sector in Brazil were recorded at 48.53 billion Brazilian Reals. The forecast for 2024 indicates a rise to 50.17 billion, marking a year-on-year growth rate of approximately 3.4%. The following years continue this upward trend, with projected growth rates of around 3.4% annually, reaching 56.92 billion in 2028. The compound annual growth rate (CAGR) for the period 2024 to 2028 is approximately 3.3%.

Future trends to watch for:

Potential impacts of economic policies on consumer spending and business investments in the automotive sector.
Technological advancements in vehicular technologies which may influence sector dynamics, including the transition towards electric vehicles.
The effects of global trade dynamics and supply chain shifts on the automotive industry.
Fluctuations in demand for new versus used motor vehicles impacting sector wages and salaries.