Third Week of CDK Outage Hits US Car Dealerships Hard

Darius Bell and Samson Jagoras discuss the significant impact of a CDK Global software outage on the auto dealership industry, highlighting potential losses nearing $1 billion. The outage, caused by cyber incidents, has disrupted operations for weeks, affecting 15,000 dealerships across the U.S. and Canada. They emphasize how this setback contributes to declining car sales and the broader economic strain, noting the interplay between consumer behavior, inflation, and market adjustments.