Status of car ownership in China

The domestic car ownership exceeds 300 million, and the demand for scrapped car dismantling is strong. By the end of 2021, the national car ownership will reach 302 million, a year-on-year increase of 7.5%. At present, the amount of scrapped and dismantled automobiles in my country is less than 1% of the total, which is far lower than the average level of 7% in developed countries. From 2007 to 2015, my country was in a period of rapid growth in automobile consumption. The compound growth rate of automobile ownership was 14.8%, of which the year-on-year growth rate in 2010 was as high as 19.2%. The peak period may have come.