why people in Russia have stopped buying new cars

Russia has seen a sharp decline in demand for new cars for the third month in a row. Over the past September 2021 the number of buyers of vehicles, compared with the same period last year, decreased by 22.6%.

 

"In Russia, 119,485 new cars were sold in September. This is 22.6% less than the figures for the same period last year," reports Autonews with reference to the report of the Association of European Businesses.

 

Analysts point out that this rate of decline in demand for new cars has been recorded for the third month in a row. It is reported that such figures may be associated with a shortage of microchips and, as a consequence, a shortage of vehicles in the Russian markets.

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