SEOUL-- Hyundai Motor Co. said Wednesday its sales fell 7.6 percent last month from a year earlier as a global chip shortage continued to weigh on vehicle production and sales.

The country's biggest carmaker sold 294,591 vehicles in August, down from 318,700 units a year earlier, the company said in a statement.

Domestic sales declined 6.5 percent to 51,034 units from 54,590 as a lack of semiconductor parts disrupted production during the same period, while overseas sales dropped 7.8 percent to 243,557 from 264,110 amid the extended COVID-19 pandemic, it said.

From January to August, sales rose 18 percent to 2.64 million autos from 2.24 million units in the year-ago period.

Hyundai aims to sell 4.16 million vehicles this year, 11 percent higher than the 3.74 million units it sold last year.

Source: Yonhap News Agency