SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance CentreAnnouncements
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceCokeCoalPig IronSteel BilletFinished Steel
New Energy
New Energy
SolarLithiumCobaltCathode MaterialPhosphorusCarbon AnodeSeparatorElectrolyteBattery Cell And ModuleBattery RecyclingNickel And ManganeseOther MaterialsSodium-ion BatteryHydrogen Energy
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / Much growth potential in car ownership: Ministry of Commerce

Much growth potential in car ownership: Ministry of Commerce

iconFeb 13, 2019 10:20
In 2018, there were just 170 car owners for every 1,000 people

SHANGHAI, Feb 13 (SMM) – Vehicle ownership in China continues to see significant potential for growth, said deputy director of market operations at the Commerce Ministry, Wang Bin on Tuesday February 12, at a press conference reflecting on 2018.

In 2018, there were just 170 car owners for every 1,000 people. Car ownership rates in developed nations stood around 800 in the US and 500-600 in Europe and Japan. 

The China Passenger Car Association (CPCA) reported in early January that retail sales of passenger vehicles in China for 2018 shrank 6% from a year earlier, marking the first decline in 20 years.

Auto
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All
MOST POPULAR
1.China Lithium Market Dynamics and Lithium Procurement Study
2.Battery Recycling Technology Understanding
3.Solid State Battery Market
4. China Scrap Steel Quality Analysis
5.China Scrap Steel Cost Curve
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.