In 2023, the possession of mini passenger vehicles in China stood at 125.5 ten thousand units, marking the last year of actual data prior to the forecast period. The forecast from 2024 to 2028 indicates a consistent downward trend with a year-on-year decrease in possession rates: from 119.3 in 2024 to 101.57 ten thousand units by 2028. This reflects a steady decline, highlighting an average annual reduction in holdings.

The following factors will be important indicators of future trends in this sector:

Emerging consumer preference towards environmentally friendly vehicles could impact mini passenger vehicle demand.
Government policy changes related to vehicle emissions and urban congestion might influence future ownership levels.
Technological advancements in alternative transportation means, such as shared mobility platforms or autonomous vehicles, may further reshape vehicle possession dynamics.