US auto sales are expected to slow during the second half of 2024, according to CNBC. J.D. Power forecasts that June total new-vehicle sales in the US will be between 1.34 million and 1.27 million units, representing a decline of 2.6% to 7.2%. The Seasonally Adjusted Annual Rate (SAAR) for June is projected to be between 14.7 million and 15.4 million units. US buyers are on track to spend nearly $44.6 billion on new vehicles in June, which is a decrease from previous months. Additionally, a cyber outage at CDK Global, with dealer software unlikely to be restored before June end, is contributing to the anticipated slip in June auto sales.
U.S. car sales are expected to hold steady in June, according to recent forecasts. But CDK Global outages are creating uncertainty… Plus, Rivian lands a $5 billion investment from a major OEM and more recalls plague top automakers. Today’s top auto industry news, brought to…
US auto sales expected to slip in June on CDK cyber outage, report shows https://t.co/hUVj4d3ST1 https://t.co/qRwLqEueyU
⚠️ J.D. POWER: SEES U.S. JUNE TOTAL NEW-VEHICLE SALES BETWEEN 1.34 MLN AND 1.27 MLN UNITS, DOWN 2.6% TO 7.2% **SEES JUNE U.S. SAAR FOR TOTAL NEW-VEHICLE SALES BETWEEN 14.7 MLN AND 15.4 MLN UNITS ** U.S. BUYERS ON TRACK TO SPEND NEARLY $44.6 BLN ON NEW VEHICLES IN JUNE, DOWN…
CDK dealer software unlikely to be restored before June end, memo says https://t.co/LHo8GSrxry https://t.co/8uZquSaPhO
US Auto Sales Are Expected To Slow During The Second Half Of 2024 - @CNBC https://t.co/NhCC0jquVm