In 2023, the sector of Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles in Brazil stood at approximately 80.30 Billion Brazilian Reals. Forecasted data indicates a consistent decline from 2024 to 2028, with values expected to decrease from 75.92 Billion Brazilian Reals in 2024 to 58.83 Billion in 2028. Year-on-year, the sector is projected to contract by approximately 5.8% by 2025 and by around 6.0% by 2026. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to show a negative trend, depicting an average annual decrease of about 6.0%.
Future trends to watch for:
- An increased emphasis on electric vehicles (EV) could alter trade dynamics significantly.
- Evolving consumer preferences towards shared mobility could reduce demand for vehicle ownership.
- Supply chain disruptions might further affect production and trade volumes adversely.