The forecasted share of first registrations of new goods vehicles in Canada shows a slight decline from 2024 to 2028, starting at 1.9% in 2024 and gradually decreasing to 1.85% by 2028. The data suggests that from 2023, there is a steady decrease with each subsequent year, indicating a modest contraction in the market share of goods vehicles among new road vehicle registrations.

Future trends to watch for include:

Government policies promoting electric or hybrid goods vehicles, which may alter future registration shares.
Technological advancements that could enhance the attractiveness and utility of goods vehicles.
Economic factors affecting the logistics and transportation sectors, possibly influencing demand for goods vehicles.