Asbury Automotive Group Provides Update On Service Impacts Related To The CDK Cyber Incident; Says "This Incident Has Adversely Impacted The Company's Business Operations, A Circumstance Likely To Continue Until Such Time As The Relevant Systems Are Fully Restored"
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Asbury Automotive Group (NYSE:ABG) has been impacted by a cyber-attack on its vendor, CDK Global, affecting various business operations. While contingency plans are in place, some business functions may operate slower than usual. Koons Automotive locations and Clicklane remain minimally affected.
June 24, 2024 | 8:10 pm
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Asbury Automotive Group's operations have been disrupted due to a cyber-attack on its vendor, CDK Global. While contingency plans are in place, some business functions may operate slower than usual. Koons Automotive locations and Clicklane remain minimally affected.
The cyber-attack on CDK Global has directly impacted Asbury Automotive Group's operations, affecting sales, service, inventory, customer relationship management, and accounting functions. Although contingency plans are in place, the disruption is likely to slow down some business processes, negatively impacting short-term performance. However, Koons Automotive locations and Clicklane are minimally affected, which may mitigate some of the adverse effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100