In 2020, the Spanish automotive industry faced changes with the pandemic and Brexit. The EU-UK Trade Agreement seeks to alleviate challenges, but customs rules and procedures create logistical hurdles. Although key, the agreement poses administrative challenges for companies used to intra-EU trade.
The times we are living in are filled with uncertainty and change, both on a personal level in our daily realities and undoubtedly in the economic and business sphere, as a result of the impact of COVID-19 on our lives. The Spanish automotive sector is not immune to this reality. Over these months, we have seen how the entire supply chain has come to a halt due to the measures taken to address the crisis and the pandemic worldwide.
With just over a month left for this atypical and challenging 2020 to end, which has led the automotive industry to undergo significant transformations, the sector wonders: What can be expected from the last quarter of the year?
Despite the global uncertainty we are facing, exports from Spanish automotive suppliers have seen an increase in sales compared to the first quarter of 2020.
