AutoNation says CDK outage will hurt its second quarter bottom line
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. AutoNation said Monday that CDK Global’s recent widespread software outage will have a negative impact on its second-quarter bottom line. The car dealership said the June outage at its auto dealer software provider will […]
Car dealership losses from CDK software outage could soon reach $1 billion, study finds
Direct losses for car dealerships affected in recent weeks by an outage at major software provider CDK Global could total $1 billion if the issue is not resolved soon, new data shows. Michigan-based Anderson Economic Group estimates that if the problems continue into the weekend, it will be the third week of shutdowns, and that […]
Car dealership losses from CDK software outage could reach $1 billion, study finds
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. Direct losses for car dealerships affected in recent weeks by an outage at major software provider CDK Global could total $1 billion if the issue is not resolved soon, new data shows. Michigan-based Anderson […]
US auto sales projected to slump in June due to disruption from CDK outage
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. U.S. new vehicle sales are expected to fall this month compared to June 2023 due to an outage at software provider CDK Global that affected dealerships across the country, according to a new report. […]
CDK Global begins to restore systems after cyber hack
Retail technology and software provider CDK Global has begun work to restore systems used by more than 15,000 retail stores across North America, the company said in a statement on Sunday, adding that it expects the work to take “several days.” “We continue to actively engage with our customers and offer alternative ways to do […]
