The sale of used vehicles in the United States rose by more than 25 percent in July, partly owing to a resumption of activities following a cyberattack in June which widely impacted car dealership operations, according to auto services provider Cox Automotive.
“Retail used-vehicle sales in July increased from June, rising by 27.6 percent month over month,” said an Aug. 15 press release. A total of 1.6 million used vehicles were sold by retailers, up by 16.5 percent from a year back. “As anticipated, we are continuing to see the impacts of the sales and inventory reporting disruptions due to the CDK outage,” said Scott Vanner, senior analyst of Economic and Industry Insights at Cox Automotive.
The outage was caused by a cyberattack in June against CDK Global, a software firm serving more than 15,000 car dealerships in the United States. The company’s software is used to manage sales, inventory, customer support, and other aspects of dealership operations.
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US Used Car Sales Jump More Than 25 Percent in July
- by: Naveen Athrappully
- 08.19.24
- Source:
The Epoch Times
- 08/19/2024
Yellow vintage car Havana Picture taken for FindByPlate – https://findbyplate.com by Wolf Schram is licensed under Unsplash unsplash.com
Yellow vintage car Havana Picture taken for FindByPlate – https://findbyplate.com by Wolf Schram is licensed under Unsplash unsplash.com
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