US New Vehicle Sales Decline Due to System Outage

Auto sales in June show a mixed performance with growth expected in two-wheelers and passenger vehicles, while commercial vehicles and tractor sales may experience stagnation or decline. In the U.S., new vehicle sales are projected to decrease due to a CDK Global software outage affecting dealerships, leading to manual operations and disruptions in transactions. The outage has impacted over 15,000 retail locations, with sales expected to range between 1,273,600 and 1,336,800 units, showcasing a 2.6% to 7.2% decline. Despite challenges, sales are anticipated to rebound once system issues are resolved, possibly shifting sales to July. Transaction prices and retailer profits per unit are also expected to be affected by the disruption.