In 2024, the forecasted share of household expenditure for vehicle purchases as a part of total transport expenditure in Canada is consistently predicted to be 40.56% through 2028. In 2023, this share stood at the same percentage. There is no year-on-year percentage variation as the forecast remains stable at 40.56% annually. The compound annual growth rate (CAGR) over the past five years is, therefore, 0% due to the unchanged values.

Future trends to monitor include:

Potential impact of electric vehicle adoption on household budget allocation.
Changes in transportation preferences and their effect on the expenditure in vehicle purchases.
Economic factors such as income growth and inflation that could influence expenditure shares.