Factbox-Why a hack at CDK Global is casting a shadow on US auto sales

CDK Global News

Factbox-Why a hack at CDK Global is casting a shadow on US auto sales
Reynolds And ReynoldsVolkswagen DealersCar Dealerships
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The market for automotive dealer management system is somewhat of a duopoly between CDK and Reynolds and Reynolds, according to a recent client note by J.P....

- CDK Global said on Monday it anticipates all dealers to be live on its dealer management system by late July 3 or early morning on July 4, about two weeks after a cyberattack-led outage upended operations across car dealerships in the U.S.

The company last week said it brought two small groups and one large publicly traded group of auto retailer live on its system as part of a phased approach.CDK's DMS is responsible for streamlining operations at about 15,000 auto dealerships in the U.S. Dealership managers use the software to track store profitability, complete deals, monitor employee compensation and inventory levels.

Nvidia will produce such a massive ‘cash gusher’ that it will have to buy back more stock because all that money has nowhere else to go, analyst says

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Reynolds And Reynolds Volkswagen Dealers Car Dealerships DMS Rajat Gupta

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