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Shares in CDK's parent company lost over 5.7% value in the wake of the attack, [39] while share prices of large auto dealers Sonic, Group 1 and AutoNation dropped up to 4.4%. [40] JD Power estimated that due to the outage, U.S. retail unit sales in June 2024 would decrease by up to 7.2% from June 2023. [ 41 ]
The use of cloud-based dealer management systems and automotive software solutions has brought drastic changes to the face of the automotive dealership landscape. Dealerships look at utilizing data analytics, real-time tracking, and predictive sales to improve the customer journey; hence, the emergence of Auto Dealer Software solutions is on ...
Reynolds and Reynolds is a software and document printing company that primarily serves the automotive industry. [36] It develops and markets the ERA and POWER suites of auto dealership management systems. [18] [37] Its software is used for inventory, accounting, contract documents and other business logistics.
Cox Automotive is a provider of "vehicle remarketing services and digital marketing and software for automotive dealers and consumers." [20] Cox Automotive brands include Manheim, Clutch Technologies, Dealer-Auction Ltd, AutoTrader, Kelley Blue Book, vAuto, Dealer.com, Dealertrack, NextGear Capital, Xtime, Vinsolutions, Dickinson Fleet Services ...
A second cyber incident at data provider CDK Global, whose software is used at 15,000 auto dealers, continued to slow operations to a near-standstill Thursday at US and Canada dealerships, the ...
The car industry technology and software provider would not be able to get all dealers live before June 30, and has asked them to make alternate plans for their month-end financial closing ...
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