The gross margin for new motor vehicle parts and accessories merchant wholesalers in Canada is projected to decline consistently from 2024 to 2028. In 2023, this margin stood at 23.5%. Forecasts indicate year-on-year decrements, dropping to 22.4% by 2028. The overall trend reflects a compounded annual growth rate (CAGR) of negative trajectory over this period.

Future trends to watch for include:

Changes in consumer demand and technology influences.
Economic fluctuations and supply chain disruptions that may impact wholesaler margins.
Shifts toward electric vehicles which might alter parts and accessories market dynamics.