Ripple effect from CDK hack widens as more US auto dealers flag hit

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More US auto dealers flagged a hit from an outage of CDK's software system due to a cyber attack on Monday (Jun 24) as the company worked to restore systems used by over 15,000 retail locations across North America.

FILE PHOTO: A computer keyboard lit by a displayed cyber code is seen in this illustration picture taken on March 1, 2017. REUTERS/Kacper Pempel/Illustration/File PhotoMore US auto dealers flagged a hit from an outage of CDK's software system due to a cyber attack on Monday as the company worked to restore systems used by over 15,000 retail locations across North America.

"As the incident is ongoing, the full scope, nature and impact of the incident is not yet known," AutoNation said. "The timing of the restoration of other impacted CDK applications remains unclear at this time," Group 1 said in a statement. Though auto retailers have not outlined any sales hit, analysts have flagged a possible impact."We note some potential risk to late-June volume from the reported CDK dealer disruptions," Citi analysts said in a note last week.

 

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