06/27/2024
Is this not an act of war? Cyberattacks on CDK Global have caused disruptions at dealerships in the United States, potentially reducing new-vehicle sales in June by approximately 100,000 units. J.D. Power and GlobalData forecast that U.S. light vehicle sales for the month will decrease by 2.6 to 7.2 percent compared to the same period last year, resulting in sales volume between 1.27 million and 1.33 million vehicles. Initially, sales were expected to reach 1.41 million before the ransomware attacks, which began on June 19.
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Uncertainty about how soon the CDK issue will be resolved means a range of outcomes are possible, according to J.D. Power and GlobalData, though lost sales could be made up quickly in July.