Shares of Renault SA dropped in early European dealmaking on Friday after the French automaker giant said that supply constraints weighed on the number of cars sold by Renault in the third quarter. The Firm also reported the total financial impact from the disposal of units came to €867 million.

Sales volumes slipped by 2.4% year-on-year to 481,000. The maker of brands like Alpine and Dacia indicated that it is still experiencing disruptions to the supply of key semiconductors, which have ebbed recently because of ongoing Pandemic restrictions in some regions of China, a big producer.

But this decline was partly driven by a slight increase in the price tag of Renault’s vehicles, which the company officials marked necessary in response to cost and currency inflation. Group revenue grew by 20.5% to €9.8 Billion. Despite the fall in car sales, the increased price allowed the firm to generate revenue growth.

“The growth of the activity in the third quarter continues to reflect our commercial policy focused on value, set up for two years now: improvement of the pricing policy, optimisation of commercial discounts, and priority to the most profitable channels,” said the chief financial officer Thierry Piéton in a statement.