The ACEA Economic and Market Report for the third quarter of 2015 provides an overview of the economic outlook and market trends in the European Union's automotive industry. The report highlights that the EU economy is expected to grow by 1.5% in 2015, with a forecast of 1.9% growth in 2016. The passenger car market in the EU is expected to decline by 4% in 2015, with registrations expected to reach 14.3 million units. The report also notes that the production of passenger cars in the EU is expected to decrease by 4% in 2015, while the production of commercial vehicles is expected to increase by 2%. The report also provides an analysis of the trade in the automotive industry, with imports expected to decrease by 2% and exports expected to increase by 3%. Overall, the report suggests that the EU automotive industry is facing challenges, but there are also opportunities for growth in certain areas.
