Between 2013 and 2023, the ownership of passenger cars in Finland saw consistent growth, starting at 574.92 units per thousand persons in 2013 and reaching 691.47 units per thousand persons in 2023. The year-on-year variations remained relatively stable, featuring modest increases each year. In terms of compound annual growth rate (CAGR), the increase was about 1.76% annually over the last five years. Forecasts from 2024 to 2028 suggest a continued but slower growth, with a forecast 5-year CAGR of 1.25%, projecting a car ownership rate of 747.93 units per thousand persons by 2028.

Future trends to watch for:

Impact of policies aimed at reducing carbon emissions and promoting electric vehicles.
Potential shifts towards car-sharing services and public transportation due to urbanization.
Technological advancements and their effect on vehicle ownership and usage patterns.