The forecast for the production, wholesale, retail trade, and repair of motor vehicles and motorcycles in Canada shows a steady increase from 2024 to 2028, beginning at 406.86 billion Canadian dollars in 2024 and reaching 439.37 billion by 2028. This data indicates a consistent annual growth rate, reflecting a positive economic trend in the motor vehicle sector. Over the past two years, there has been a healthy year-on-year growth with values climbing steadily, signaling ongoing expansion and resilience in the Canadian automotive market.

Future trends to watch for include:

Adoption of electric vehicles (EVs) and its impact on production and sales.
Technological advancements in vehicle automation and connectivity.
Shifts in consumer preferences towards sustainable and environmentally-friendly vehicles.
Potential economic challenges or regulatory changes affecting the automotive industry.
International trade relations and their influence on vehicle imports and exports.