A new report says auto sales in the U.S. are expected to be down in June compared to last year due to the 'significant disruption' caused by software outages at dealerships.
Sales of new vehicles in the U.S. are expected to be down this month compared to June 2023 due to the outage at software provider CDK Global that has affected dealerships across the country, according to a new report. A joint forecast released Wednesday by J.D. Power and GlobalData said total new-vehicle sales in June 2024 are expected to land between 1,336,800 and 1,273,600 units, a 2.6% to 7.2% decrease from the same month a year ago.
Because of the disruption to dealer software systems, June sales will not be reflective of actual consumer demand for new vehicles," said Thomas King, president of the data and analytics division at J.D. Power. "Instead, a significant number of sales that would have occurred in June are now likely to occur in July.
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