CDK outage forecast to slow auto sales by 7.2% in June, pushing demand into July.
The CDK Global cyberattack is expected to cut auto dealerships' vehicle sales in June down by about 100,000, or more than 7%, compared with the same period in 2023. The projected decrease is not reflective of weak demand, but rather the anticipated consequence of some dealerships' reliance on CDK sales software for transactions.
The average transaction price for new vehicles is $45,000, meaning the hit to dealerships could be substantial in dollar terms. Some car sales lost in June could occur in July, if CDK systems are restored by then. 'Because of the disruption to dealer software systems, June sales will not be reflective of actual consumer demand for new vehicles,' Thomas King, president of the data and analytics division at J.D. Power, said in a statement.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The 100 Greatest Rap Albums of All Time (100-76): Staff ListYear: 2020 Lil Baby secured the solo spotlight with his sophomore album My Turn.
Lire la suite »
'Stellar Dreams' project gifting 100 telescopes to 100 families (exclusive)Jeff Spry is an award-winning screenwriter and veteran freelance journalist covering TV, movies, video games, books, and comics. His work has appeared at SYFY Wire, Inverse, Collider, Bleeding Cool and elsewhere.
Lire la suite »
DFW Weather: It's OFFICIAL. We hit 100° for the first time this year... and we're just getting started.DFW hit 100 degrees seven days before the average first 100 degree day.
Lire la suite »
US auto sales expected to slip in June on CDK cyber outage, report showsUS auto sales expected to slip in June on CDK cyber outage, report shows
Lire la suite »
US auto sales projected to slump in June due to disruption from CDK outageA new report says auto sales in the U.S. are expected to be down in June compared to last year due to the 'significant disruption' caused by software outages at dealerships.
Lire la suite »
CDK Global says car dealership software may be down until June 30In a message to clients Tuesday, CDK warned dealerships that because the outages could persist until June 30, they may need to make alternative plans on how...
Lire la suite »