As of 2023, the e-commerce share for motor vehicle and parts dealers in Canada stood at a stable 1.0%. Looking ahead, forecasts indicate a modest increase to 1.1% in 2024 and a subsequent stabilization at 1.2% from 2025 onwards. This represents a cumulative average growth rate (CAGR) over five years of approximately 3.8%, highlighting a gradual but steady shift towards digital channels in this sector.
Future Trends to Watch:
- Adoption of digital platforms and technologies in automotive sales.
- Changes in consumer preferences towards online purchasing options.
- Impact of technological advancements on distribution and sales channels.
