In 2023, the value added in Brazil's Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles sector stood at 76.2 billion Brazilian Reals. Forecasted values display a consistent upward trend, with a year-on-year increase of approximately 2.65% in 2024 and around 2.27% annually, reaching 86.76 billion Brazilian Reals by 2028. The compound annual growth rate (CAGR) over the five-year forecast period is anticipated to be about 2.61%, reflecting a steady growth trajectory.
Future trends to watch for include:
- Impact of digital transformation and e-commerce on traditional retail models.
- Economic and regulatory shifts affecting automotive trade policies in Brazil.
- Growth of electric vehicle sales influencing the sector dynamics.
