In 2023, the gross income of the wholesale, retail, and repair of motor vehicles and motorcycles sector in Canada stood at 9.05 billion Canadian Dollars. Forecasts indicate consistent growth from 2024 to 2028, with values projected to increase from 9.39 billion to 10.69 billion Canadian Dollars. This reflects year-on-year growth rates of approximately 3.5% between 2024 and 2025, and a similar trend from 2025 onwards. The compound annual growth rate (CAGR) across the five-year period is estimated to be around 3.5%.

Future trends to watch for include:

The impact of potential economic fluctuations on consumer spending in the auto industry.
Advancements in electric vehicle technology and their influence on market dynamics.
Policy changes regarding environmental initiatives and regulations affecting the automotive sector.