Russia’s car sales dropped to 132,640 units in July, down by 6.5pc compared to the prior year, according to data released by Automobile Manufacturers Committee (AEB).
The auto association had already forecast a sales drop in July compared to July 2020, which was a strong month boosted by pent-up demand after the removal of lockdown that year.
From Jan-July, around 953,760 cars were sold, up by 28.4pc than the prior-year period.
The next few months will show drops in car sales on a year-over-year basis, stated AEB, owing to the productions cuts globally due to the shortage of semiconductors. AEB noted the short supply of chips has widened.
Top five manufacturers
Avtovaz (Lada) topped the sales list with 32,013 units sold, 3pc higher than July 2020. Kia sold 17,071 units, 5pc lower than the last year. Hyundai and Renault filled the next spots with 13,383 units and 11,223 cars sold in July, down 7pc and 3pc, respectively. Skoda was the fifth-largest seller with 7,921 units sold, down by 36pc from a year ago.