Russia sales fall 17% in August on chip shortage

Automotive Industry

Source: Automotive News Europe, 2021-09-21

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

Sales in August 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.

Sales of Lada, Russia's top-selling brand, fell 32% in August, while No. 2 Kia was down 13%.

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

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

Monthly winners included Peugeot, with sales up 54%; Audi which gained 32%; and Volvo with a 20% 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% to 1.06m, compared with the same period in 2020 when the country was in the grip of COVID-19 lockdowns.

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

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