New vehicle sales in the United States are projected to fall in June from a year ago, hurt by the CDK cyber attack-led outage that has impacted dealers across the country. Nearly 15,000 car dealerships nationwide are still feeling the effects of the CDK Global cyberattack last week [924ad46b]. The cyberattack could have an impact on the U.S. economy, particularly the GDP for the second quarter. A disruption in sales impacts inventory, which then impacts manufacturing, creating a domino effect across the entire supply chain. The cyberattack could result in a temporary hit to the GDP, as the automotive industry accounts for around 4-5% of GDP. However, if CDK is back online, the impact on the industry over the medium or longer term is not significant. CDK Global has brought a small group of dealerships back online and is working on phasing in other dealerships. Total new vehicle sales for June 2024, including retail and non-retail transactions, are expected to reach between 1,336,800 and 1,273,600 units, a 2.6% to 7.2% decrease from a year ago. Transaction prices are trending towards $44,857, down $1,372 or 3% from a year ago. Total retailer profit per unit is expected to be $2,407, down 32.3% from June 2023. The CDK outage has forced some U.S. auto dealers to switch back to manual paperwork as CDK works to restore systems. Sales will be delayed, but the majority will likely occur in July shortly after the situation is rectified and sales are being made despite system outages. [3da91388] [924ad46b]