The wholesale, retail, and repair of motor vehicles and motorcycles sector in Canada is expected to grow steadily from 2024 to 2028. The forecasted output, beginning at 95.78 billion CAD in 2024, increases to 110.47 billion CAD by 2028. Year-on-year growth shows consistent increases around 3.89% in 2025, 3.71% in 2026, 3.53% in 2027, and 3.38% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.62%, indicating robust long-term growth potential.
Future trends to watch include advancements in electric vehicle technology, fluctuating demand driven by environmental policies, changes in consumer preferences towards sustainable options, and the impact of global supply chain developments on the automotive industry.
