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U.S. new-vehicle sales growth slows after CDK cyberattack

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Market research firm Cox Automotive estimates overall U.S. new-vehicle sales volume in the second quarter likely grew 1% to nearly 4.2 million units

Top U.S. automakers posted slower sales growth for the second quarter as a cyberattack at software systems provider CDK hit operations at several dealerships during the crucial selling period of late June.

Toyota Motor North America’s sales rose roughly 9 per cent, much lower than last year’s jump of about 20 per cent. “The CDK cyber attack has thrown a monkey wrench into sales during the second half of June, affecting what is arguably one of the most lucrative and busiest times of the month and quarter for dealerships,” said Jessica Caldwell, head of insights at Edmunds.

 

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