From CNBC: 2024-06-25 16:00:31

A cyber attack on CDK Global has disrupted operations at 15,000 U.S. and Canadian dealerships. U.S. auto sales are up 2.9% in the first half of 2024, but growth is expected to slow due to increasing vehicle inventory and economic uncertainty. Commercial sales are driving growth rather than consumer sales.

Rental, commercial, and leasing sectors are seeing double-digit growth while retail share of the industry is expected to decrease by 9%. General Motors, Toyota, and Honda are the expected sales winners for the first half of the year, while Tesla and Stellantis are forecasted to underperform. Stellantis CEO admits to “arrogant” mistakes.



Read more at CNBC: U.S. auto sales are expected to slow during the second half of 2024