CDK Global works to restore dealer software after hack, but the auto sales fallout still looms

, appears to be on a path toward resolution. But the damage has been done: Lost sales and service revenue could be substantial.

“We have successfully brought a small initial test group of dealers live on the Dealer Management System , and once validation is complete, we will begin phasing in other dealers,” the company said in a statement to Yahoo Finance. “We are also actively working to bring live additional applications — including our Customer Relationship Management and Service solutions — and our Customer Care channels.

A positive: Those lost sales could reappear in July. But even a lost week, or slow week of sales, in June could affect overall second quarter sales for the dealer groups and automakers too, due to the historically strong end-of-June period.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Explainer-The 'BlackSuit' hacker behind the CDK Global attack hitting US car dealersA hack into software maker CDK Global has disrupted operations at auto dealerships across the U.S., the latest in a series of hacks where ransom-demanding...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »