Sales

New-car sales slow in Q2, close June on 'sour note' behind CDK outage

June U.S. sales
GM and other automakers said some deliveries may be delayed or recorded in the third quarter in the wake of the late June cyberattacks at CDK Global that upended results late in the month. (DAVID PHILLIPS)
July 02, 2024 10:19 AM

The U.S. new-car market lost some momentum in the second quarter as affordability, elevated prices and higher borrowing costs continued to weigh on consumers, even as dealers scrambled to salvage sales when key software was knocked offline by a coordinated cyberattack event.

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