In 2024, the forecasted value added for the wholesale, retail trade, and repair of motor vehicles and motorcycles sector in Canada stands at 42.95 billion Canadian dollars. This represents a progression from the 2023 actual figure. The forecasted year-on-year growth from 2024 to 2025 is approximately 2.2%, with a consistent annual increase of around 2.1% over the subsequent years leading up to 2028. This signifies stable and moderate growth, culminating in a compound annual growth rate (CAGR) of roughly 2.1% over the five-year forecast period from 2024 to 2028.

Future trends to watch for:

Technological advancements in vehicle sales and repair, potentially altering business models.
Impact of environmental regulations on sales and repair practices.
Shift towards electric vehicles and how it affects wholesale and retail dynamics.