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The car industry technology and software provider would not be able to get all dealers live before June 30, and has asked them to make alternate plans for their month-end financial closing ...
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 ...
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 ...
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.
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 ]
The Pendragon logo used by the company until February 2024. The company was established when the vehicle division of Williams Holdings, which operated nineteen car dealerships, was demerged as Pendragon PLC in November 1989. [2] From that time until April 2010, the company was chaired by Sir Nigel Rudd. [3]
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 ...
Dealership management systems (DMS) or auto dealership management systems are created specifically for the automotive industry, car dealerships or large equipment manufacturers,. [11] These systems contain software that meets the needs of the finance, sales, service, parts, inventory, and administration components of running the dealership ...
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