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Russia sales fall 17% in August on chip shortage

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New-car sales in Russia fell 17 percent in August as the global shortage of semiconductors continued to squeeze the volume of vehicles available on the market.

Sales last month were 114,130, the Moscow-based Association of European Businesses (AEB) said.

The group said it does not see an early end to the chip crunch that has forced automakers to halt or reduce production.

“As there is no sign soon of a resolution of this situation, we expect a volatile sales situation and the market to further decrease in the next few months,” AEB Chairman, Thomas Staertzel, said in a statement.

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Sales of Lada, Russia’s top-selling brand, fell 32 percent last month, while No. 2 Kia was down 13 percent.

Third-place Hyundai fell 19 percent and No. 4 Renault’s volume dropped by 11 percent.

Toyota, the No. 5 brand by sales, dropped 4 percent. Volkswagen, at No. 6, fell 41 percent.

Click here for Russia sales, August, 8 months

Monthly winners included Peugeot, with sales up 54 percent; Audi which gained 32 percent; and Volvo with a 20 percent increase.

The AEB data does not include sales of BMW and Mercedes-Benz cars after the companies decided to report figures on a quarterly basis.

Through August, Russian sales rose 21 percent to 1.06 million, compared with the same period last year when the country was in the grip of COVID-19 lockdowns.

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The AEB stuck to its forecast for a 9.8 percent rise in full-year sales but said it would evaluate the  prdiction after the end of the third quarter.

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