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CDK Global, based in Hoffman Estates, Ill., claims to operate in over 15,000 retail locations across North America, offering software — in particular a “dealer management system,” or DMS ...
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 ]
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.
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 ...
[26] [27] Under Perry, TrueCar's network of dealerships grew more than 24 percent quarterly over the prior year, as reported in July 2017. [28] In 2015, 108 car dealerships sued TrueCar for false advertising of its non-negotiation policy and for violations of the Lanham Act. [29] [30] A federal judge dismissed the lawsuit in July 2019. [31]
However, public auto dealership groups like AutoNation , Group 1 Automotive , and Lithia Motors warned their second quarter financial results would likely be impacted by the outage. The companies ...
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