Car dealers will have about 1.8 million vehicles in inventory by the month's end, King estimated, which is a 4.5% increase from May and a whopping 41.6% increase from June 2023.

The software also allows precise analysis of costs and revenues from reconditioning each vehicle, which affect the dealership's calculation of trade-in values, Slaydon says.

Car dealership losses from CDK software outage could soon reach $1 billion, study finds Dealerships across the US have seen operations hindered for weeks, with losses mounting ...

The built-in modem that delivers live traffic and streaming apps to the dashboard of most modern vehicles works the other way, too — if anyone actually uses it. Why it matters: That untapped potential ...

CDK’s software products, including its core dealer management system, went down in the early hours of June 19, with the company saying it had shut off all systems amid what it called a cyber ...

J.D. Power has purchased finance and insurance menu and reporting programs from the auto retail software company Tail Light. Terms of the deal were not disclosed in J.D. Power's Thursday ...

Car Dealers Grapple With Dayslong Software Outage After CDK Cyberattack. CDK’s system, which is used by nearly 15,000 dealers, suffered two cyber incidents this week. By . Joseph Pisani, ...

The outage had forced some auto dealers to revert to manual paperwork as the car industry technology and software provider worked to restore systems used by more than 15,000 retail locations across… ...