The Association of European Businesses (AEB) has published a report on sales of passenger cars and light commercial vehicles in Russia for August 2021. Statistics showed that in August 2021, Russians bought 17% (23 387 units) less cars than a year earlier, but demand remained stable. A total of 114,130 vehicles were sold in August.
Thomas Stärzel, Chairman of the AEB Automobile Manufacturers Committee, noted that the demand for new cars remains stable – the decline in sales is due to the shortage of electronic components, which is constantly increasing the gap between supply and demand. At the moment, there are no options on the horizon for a quick solution to this problem, which means that in the coming months, sales volatility and market shrinkage will also be recorded. However, on an annualized basis, the results should be positive – for example, from January to August, 1,067,890 cars and light commercial vehicles were sold, which is 21.3% more than a year earlier. Even taking into account the current trend, according to forecasts, by the end of 2021, the number of cars sold will grow (by 9.8%), but it will be possible to judge more confidently by the results of the third quarter.
The August report does not include sales figures for BMW and Mercedes-Benz, as these companies only publish quarterly reports.
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