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Russian Car Sales Collapse as Isolation Hits Once-Hot Industry

  • Sales in May drop to lowest level since at least 2006
  • Nearly all auto factories have shut down for lack of parts

Russian car sales plunged 84% in May, as sanctions and international isolation brought an industry that had once been a showcase for foreign investment to a near standstill.

Fewer than 25,000 vehicles were sold last month, according to the Association of European Businesses, the lowest since at least 2006 and less than a tenth of the monthly levels seen in peak months in the past.