Entering opposition, political parties face tasks of renewal and regeneration, the success of which is usually a prerequisite of their return to government office. For the SPD (1982–86), these tasks were: programmatic renewal, the consolidation of internal party cohesion, the restoration of relations with organised labour and élite regeneration. In addition to these tasks of structural renewal, opposition parties must evolve a parliamentary strategy and undertake a realignment towards key groups in the electorale. It is argued here that the SPD embarked on the exercise of renewal and regeneration with more emphasis on continuity than on change. Adopting a short‐term perspective on a return to government, the party looked to makeshift expedients instead of long‐term solutions, postponing change and sidestepping controversial or divisive questions. Consequently, in the wake of its electoral defeat in January 1987, the party faces a ‘crisis of opposition’ as acute as in 1983, if not more so.