Based on the provided data, the turnover of the wholesale of automobiles in China is forecast to gradually decline from 1.54 hundred billion yuan Renminbi in 2024 to 1.45 hundred billion yuan Renminbi in 2028. As of 2023, the actual turnover stood at 1.60 hundred billion yuan. The year-on-year variations are: -1.30% from 2024 to 2025, -1.97% from 2025 to 2026, -1.34% from 2026 to 2027, and -1.36% from 2027 to 2028. Over the forecasted period from 2024 to 2028, the compound annual growth rate (CAGR) is -1.51%.
Future trends to watch for include:
- A potential shift towards electric vehicles (EVs) and new energy vehicles (NEVs), driven by government policies and growing environmental concerns.
- An emphasis on technology and innovation in the automotive industry, which may impact wholesale profitability and turnover.
- Fluctuations in consumer demand and economic conditions, which could affect the overall market dynamics in China.
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