Russia’s new car sales in August were recorded at 114,130 units, down by 17pc or by 23,387 units compared to the prior year according to AEB Automobile Manufacturers Committee (AEB AMC).
Demand remains stable but production cuts amid the worldwide shortage of semiconductors continue to increase the gap between demand and supply which has resulted in the drop in sales in August. The semiconductor shortage situations have shown no signs of improvement, stated AEB, which would result in an expected volatile sales situation. Sales might decrease in the coming months, suggests AEB.
From Jan-Aug, around 1.06mn passenger cars and light commercial vehicles have been sold, up 21.3pc higher than a year ago. AEB with the existing trend has decided to keep the year-end forecast at 9.8pc growth, unchanged, but will evaluate it again after the third quarter.
Top-selling manufacturers
Avtovaz (Lada)’s sales were the highest in August but fell considerably by 32pc to 19.428 units from a year ago. Kia sold 17,277 units, 13pc lower than a year ago. Hyundai’s sales dropped by 19pc to 14,106 units. Renault sold 9,699 units, 11pc lower and Toyota sold 6,848 units, down by 4pc from a year ago.