by Calculated Risk June 25, 2024 5:48 PM
WardsAuto says: Cyberattack expected to reduce U.S. light vehicle sales in June (Paid content). Excerpt:
It is unclear how much sales were lost in June as a result of the attack. Not all affected dealerships have stopped selling, and many that have resumed sales are processing sales manually or finding alternative ways to get vehicles to customers. It is also unclear how many buyers have switched to unaffected dealerships. On the bright side, the June sales losses will likely be made up in July.
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This chart shows BEA’s actual sales (in blue) and Wards’ forecast for May (in red).
On a seasonally adjusted annualized basis, Wards’ forecast is for SAAR 15.9 million, unchanged from last month and down 1.0% year-on-year.
