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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 ]
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.
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 ...
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 ...
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 ...
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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