The automotive industry in the European Union faces a continuous decline for three years, with no clear signs of recovery in the short term. The sector has been affected by multiple factors, including the transition to electric vehicles, regulatory changes, and international competition.
According to analysts from insurer Crédito y Caución, production contraction in 2026 is expected to be approximately 0.6%. This forecast indicates that the downward trend has not yet been reversed, maintaining uncertainty about the sector's near future.
However, a slightly more positive outlook emerges for 2027. The same analysts point to a possible recovery of 1.2%, which would represent the first growth after three years of contraction. This is, however, a modest recovery, suggesting the path to full recovery will be long and gradual.
