Based on the provided data, the forecasted closing inventories are as follows (all values expressed in Billion Canadian Dollars):
- 2024: 1.9687
- 2025: 2.047
- 2026: 2.1246
- 2027: 2.2014
- 2028: 2.2775
Year-on-year variations in percentage:
- 2025 vs 2024: 3.98%
- 2026 vs 2025: 3.8%
- 2027 vs 2026: 3.61%
- 2028 vs 2027: 3.45%
The compound annual growth rate (CAGR) over the last five years is approximately 3.7%.
Future trends to watch for include an increasing focus on electric vehicle production, supply chain resilience, and technological advancements in manufacturing processes. Continued investment in renewable energy and automation could further influence the growth trend in automobile inventory values.
