In 2023, the output of the wholesale, retail, and repair sectors for motor vehicles and motorcycles in Brazil stood at 1.54 trillion Brazilian Reals. Forecasts for 2024 indicate a rise to 1.6726 trillion, marking a 8.6% increase. The following years show a progressive growth: 2025 with 1.7379 trillion (3.9% increase), 2026 with 1.8026 trillion (3.7% increase), 2027 with 1.8666 trillion (3.5% increase), and 2028 reaching 1.93 trillion (3.4% increase). The compound annual growth rate (CAGR) from 2023 to 2028 is estimated at 4.64%.
Future trends to watch include:
- Sustainability and green technology integration impacting vehicle and parts sales.
- Potential economic fluctuations affecting consumer spending and credit availability.
- Growing digitalization and e-commerce adoption in vehicle sales and parts distribution.