In 2023, the number of self-employed persons in the wholesale, retail, and repair of motor vehicles and motorcycles sector in Canada stood at 29.05 thousand. The forecasted figures show a slight decline over the next five years. By 2028, this number is projected to decrease to 28.63 thousand, indicating a compound annual growth rate (CAGR) of approximately -0.29%. The year-on-year variation reveals a steady decline of around 0.31% to 0.27% annually from 2024 onward.

Future trends to watch for include:

Technology and automation impact, possibly reducing demand for self-employed roles.
Market shifts due to evolving consumer preferences towards electric and autonomous vehicles.
Policy changes and economic conditions affecting small businesses and entrepreneurship.