Major Cyber Incident Paralyzes Thousands Of US Auto Dealerships  

The company supplying software for managing sales and services to thousands of auto dealerships across the US reported yet another cyber disruption on Thursday, disrupting sales of new and used vehicles. 

X user Car Dealership Guy reports that CDK Global sent an email to auto dealers informing them of "an additional cyber incident late in the evening on June 19th." 

"Out of continued caution and to protect our customers, we are once again proactively shutting down most of our systems," the email read.

CDX told its clients, which includes almost 15,000 dealerships, "At this time, we do not have an estimated time frame for resolution, and therefore, our dealers' systems will not be available at a minimum on Thursday, June 20th."

The auto industry is a powerhouse in the US economy, contributing 3-3.5% of the nation's GDP. It employs over 1.7 million people at automakers, suppliers, and thousands of dealerships. 

Here's what X users are saying about the cyber incident:

Hmmm.

*Developing... 

Authored by Tyler Durden via ZeroHedge June 20th 2024