The forecasted sales of motor vehicles, recreational vehicles, motor vehicle parts, and accessories in non-store retailing in Canada show a consistent upward trend from 2024 to 2028, rising from 1.1446 billion CAD in 2024 to 1.3474 billion CAD in 2028. This represents a year-on-year increase of approximately 4.56%. The compound annual growth rate (CAGR) over these five years is estimated at about 4.18% per annum, indicating steady growth in this segment. As of 2023, market size figures are essential to assess these trends accurately.
Future trends to observe include the increasing shift towards e-commerce and digital platforms for automotive purchases, which may accelerate sales growth further. Technological advancements in electric and autonomous vehicles could also influence consumer demand and reshape non-store retailing strategies.
