Report 2025

Short-Term and Long-Term Outlook
The global economy expanded in 2025, with worldwide vehicle demand modestly exceeding 2024 levels. In 2026, global growth is expected to continue at a similar pace. While regional demand for passenger vehicles may vary, overall global volumes are projected to remain in line with 2025.
These expectations are based on current third-party forecasts, including those issued by economic research institutes, banks, multinational organisations, and advisory firms.
Global economic environment
Our planning assumes that the global economy will grow at a pace similar to that seen in 2025. Easing inflation in key economies, together with the gradual loosening of monetary policy, is expected to support consumer demand. Our view remains that risks may emerge from the increasing fragmentation of the global economy, rising protectionist tendencies, volatility across financial, energy, and commodity markets, and structural deficits in certain countries.
We anticipate that economic growth in Western Europe will slow compared with 2025, while average inflation is expected to continue declining. However, we do not foresee any further cuts in key interest rates by the European Central Bank (ECB).
Škoda Vision O
Trends in the global passenger vehicle market
The automotive industry continues to move in step with the global economy. Competition on international car markets is forecast to intensify further. Crisis-driven disruptions to global supply chains, and the knock-on effects on vehicle availability, may affect the number of new vehicle registrations. In addition, any sudden new or escalating geopolitical tensions and conflicts could push up material costs and constrain energy supply.
Škoda Auto’s development plans
Škoda Auto will press ahead with the implementation of the Next Level Škoda Strategy, with the ambition of becoming the most attractive brand for Everyday Explorers in its European home market, while driving growth in the world’s fastest-developing international markets.
On its path to success, Škoda Auto will sharpen its performance and further embed its corporate culture. It will continue to develop its employees’ skills for the transformation ahead, consolidate its role within the Group, and pursue environmentally, socially, and financially sustainable practices.
Next Level
Škoda Strategy