Automotive News - August 5, 2024 - 28

28 * August 5, 2024
Dealerships targeted
in new phishing scams
Mark Hollmer
mark.hollmer@crain.com
Dealerships already spooked by the
CDK Global cyberattacks face new cyber
threat risks stemming from the
global CrowdStrike outage on July 19.
CrowdStrike is a cybersecurity provider
whose problematic software update
led to a crash of Microsoft Windows
systems globally. Now, criminals
are trying to profit from the incident
through bogus emails encouraging
dealers to " fix " their systems.
A July 31 warning issued by cybersecurity
consulting firm Helion Technologies
cautioned
cybercriminals are
pursuing what's known as social engineering
phishing attacks. They're using
a fake Internet domain that appears to
be CrowdStrike, and in an email are encouraging
dealerships to click a link for
an " immediate patch. "
Helion's warning included a screenshot
of another phishing email claiming
to be from CrowdStrike. It urges customers
to update their Windows servers using
an attached download and software
tool " to avoid disruptions. " It also recommends
" organizations ensure they're
communicating with CrowdStrike representatives
through official channels, "
and warns in bold that " the consequences
of any failure to update the system
and disruption will be the responsibility
of the organization's IT manager. "
Justin Shanken, CEO of dealership
cybersecurity firm Black Breach, isSALES
continued
from Page 3
the company. Subaru has not had a
monthly sales decline since July 2022,
according to the Automotive News Research
& Data Center.
Pricing and inventories
While vehicle prices remain high
historically, average transaction prices
were on pace to fall 2.6 percent, or
$1,166, to $44,271 from July 2023, J.D.
Power and GlobalData said, as discounting
grows. Just 14.5 percent of
new vehicles were sold above sticker
price last month, down from 32.4 percent
in July 2023, J.D. Power and
GlobalData estimated.
Sales to commercial businesses, government
agencies and daily rental
companies were particularly weak in
July, Oakley said, as dealers prioritized
fulfilling delayed retail orders following
June's cyberattacks that hampered
many dealership operations for almost
two weeks.
Fleet sales fell roughly 33 percent
from the same period a year ago to
about 152,000, or 11.7 percent of total
sales, according to GlobalData.
New-car and light-truck inventories
stood at 2.9 million in mid-July, Cox
Automotive said, up 49 percent, or
966,000, from July 2023. Toyota Motor,
Honda and Subaru continue to have
the lowest stockpiles while Stellantis
and Nissan Motor Co. have higher inventories.
The
growth in inventory is expected
to slow in the second half of the year as
some companies adjust output amid
swelling stockpiles.
Second-half slowdown?
The average incentive per new vehicle
increased 52 percent from July
sued a related warning in a LinkedIn
post the previous week, saying criminals
" are exploiting the global CrowdStrike
outage to create counterfeit domains
for phishing emails. "
The alerts follow CrowdStrike's own
warnings cybercriminals are using the
outage as bait for prospective targets,
Shanken said. They are posing as
CrowdStrike staff in phone calls and as
independent researchers claiming to
have evidence the technical issue is related
to a cyberattack. " Be vigilant and
ensure your team is aware of these tactics, "
he said.
A CrowdStrike spokesperson said in
an email to Automotive News that the
company has tried to respond to the
added fallout accordingly.
" It is unfortunately typical for bad actors
to try to exploit these situations, and
CrowdStrike has worked quickly to
identify tactics being deployed and proactively
provided information to customers,
including technical details and
recommendations to help protect
against this type of malicious activity, "
the spokesperson said. " Our teams will
continue to support customers, including
those impacted by these threats. "
CDK was forced to shut down its dealership
management system for 15,000
stores across North America on June 19
after two cyberattacks. The attacks disrupted
business during a crucial summer
sales period and upset end-ofmonth
and end-of-quarter calculations.
2023 to $2,892 last month, J.D. Power
and GlobalData said. Incentive spending,
as a percentage of the sticker
price, was tracking at 5.9 percent last
month, an increase of 1.9 percentage
points from a year earlier.
" Some automakers are struggling to
balance sales, production, inventory
and incentive targets as the market returns
to more normal dynamics than
what occurred from 2020-23, " said Joe
Langley, associate director at S&P
Global Mobility. " Our North American
light vehicle production outlook for
the remainder of this year has been
scaled back as automakers attempt to
manage these factors. "
Overall growth is expected to slow in
the second half after sales rose 2.2 percent
in the first six months of 2024. Analysts
say high interest rates and borrowing
costs as well as elevated prices
are stifling demand for new cars and
light trucks. The prospect of interest
rate cuts later in the year may help
spur dealmaking. The Federal Reserve
on July 31 left interest rates unchanged.
" While
the Federal Reserve is indicating
upcoming rate cuts and the
overall economy is heading towards a
soft landing, the concept of a rolling
recession and vulnerabilities in certain
sectors could materialize, " Jeff
Schuster, vice president of automotive
research and analysis at GlobalData,
said in a statement. " Lower transaction
prices and availability of affordable
vehicles are crucial in reigniting
growth in light vehicle sales. The forecast
remains optimistic, although it
has slightly tempered over the next 18
months. "
David Phillips, Carly Schaffner
and Mark Hollmer contributed
to this report.
U.S. light-vehicle sales by nameplate, July & 7 months
Table reflects U.S. sales for those manufacturers that report monthly
July
GT .........................................
Mustang ................................
Total Ford car ..................
Bronco ..................................
EcoSport (I) ..........................
Edge ......................................
2024
3,209
3,209
8,902
Bronco Sport ........................ 13,449
E-series van ..........................
Escape .................................. 10,472
Expedition .............................
Explorer ................................ 12,887
F series ................................. 68,992
Maverick ............................... 12,941
Mustang Mach-E ..................
Ranger ..................................
Transit ................................... 11,635
Transit Connect (I) ................
2,785
3,981
4,983
4,592
5,386
Ford truck (D) .................. 161,005 163,646 1,114,598 1,087,597
Ford truck (I) ...................
371
371
Total Ford ....................... 164,585 165,974 1,153,049 1,126,682
Aviator ..................................
371
369
1,095
164
Navigator ..............................
Total Lincoln truck ............
Ford Motor Co. car ............
2,559
2,438
1,500
6,661
1,233
FORD MOTOR CO. ............. 172,187 172,635 1,209,468 1,172,401
ILX ........................................
371
616
2,634
3,845
4,013
694
8,552
430
430
1,095
2,742
1,631
4,373
4,397
3,292
7,689
Total Acura ..................... 11,186
Accord .................................. 14,004
Civic (D) ............................... 19,755
Civic (I) ................................
Total Civic ............................. 20,185
Insight ...................................
Honda car (D) ................. 33,759
Honda car (I) ..................
Total Honda car ................ 34,189
CR-V ..................................... 34,216
HR-V ..................................... 11,928
Odyssey ................................
Passport ...............................
Pilot ...................................... 12,109
Prologue ...............................
Ridgeline ...............................
6,950
2,553
3,458
4,148
Total Honda truck ............. 75,362
Honda (D) ...................... 109,121
Honda (I) .......................
Total Honda .................... 109,551
American Honda car .......... 36,823
American Honda truck ........ 83,914
AMERICAN HONDA ............ 120,737 111,762
G70 (I) ..................................
G80 (I) ..................................
G90 (I) ..................................
Total Genesis car (I) ..........
GV60 (I) ................................
GV70 (D) ..............................
GV70 (I) ...............................
430
850
274
112
1,236
296
Total GV70 ............................
GV80 (I) ................................
Genesis truck (D) .............
Genesis truck (I) ..............
Total Genesis truck ...........
Genesis (D) ....................
Genesis (I) .....................
Total Genesis ..................
Accent (I) ..............................
2,681
2,681
1,981
2,681
2,277
4,958
2,681
3,513
6,194
Elantra ................................... 13,764
Ioniq 6 (I) ..............................
Sonata (I) ..............................
Veloster (I) ............................
778
5,755
Hyundai car (D) ............... 13,764
Hyundai car (I) ................
Total Hyundai car ............. 20,297
Ioniq 5 (I) ..............................
Kona (I) .................................
Nexo (I) .................................
Palisade (I)............................
Santa Cruz ............................
Santa Fe ................................
Tucson .................................. 16,135
Venue (I) ...............................
6,533
3,416
6,713
2
8,635
2,615
8,989
2,400
Hyundai truck (D) ............. 27,739
Hyundai truck (I) .............. 21,166
Total Hyundai truck ........... 48,905
Hyundai (D) .................... 41,503
Hyundai (I) ..................... 27,699
Total Hyundai .................. 69,202
Hyundai Motor America car.. 21,533
Hyundai Motor America truck 53,863
Hyundai Motor America (D).. 44,184
Hyundai Motor America (I) .. 31,212
Hyundai Motor America ...... 75,396
Forte (I) ................................. 10,448
4,713
K5 .........................................
Rio (I) ...................................
Soul (I) ..................................
Stinger (I) .............................
Kia car (D) .....................
Carnival/Sedona (I) ...............
EV6 (I) ..................................
Seltos (I) ...............................
Sorento .................................
1
3,428
4,713
Kia car (I) ...................... 13,877
Total Kia car ................... 18,590
4,557
1,547
1,815
2,674
5,481
7,206
EV9 .......................................
Niro (I) ..................................
Sportage (I) .......................... 12,628
Telluride ................................
9,082
Kia truck (D) ................... 18,103
Kia truck (I) .................... 26,887
Total Kia truck ................. 44,990
4,285
4,285
6,330
6,330
1
11,898
1,745
3,209
11,898
4,955
16,853
4,135
6,123
34
5,752
2,903
10,612
17,534
2,581
31,049
18,625
49,674
42,947
23,580
66,527
18,898
53,959
42,947
29,910
72,857
11,004
6,215
2,358
5,123
464
6,215
18,949
25,164
5,285
1,937
3,112
5,251
8,569
11,853
9,759
18,328
27,438
45,766
430
12,062
17,873
16,757
397
17,154
34,630
397
35,027
33,097
8,919
5,240
3,280
9,962
4,175
64,673
99,303
397
99,700
39,400
72,362
American Honda (D) .......... 120,307 111,365
American Honda (I) ...........
397
1,310
627
108
2,045
261
2,525
2,525
1,499
7,798
4,827
20,483
29,539
24,147
1,032
54,718
75,201
94,725
141,008
8,965
149,973
235,733
8,965
244,698
230,420
88,191
46,207
18,846
78,392
4,993
24,070
491,119
726,852
8,965
735,817
265,181
545,837
802,053
8,965
811,018
6,346
2,404
809
9,559
1,522
11,371
3,491
14,862
12,072
11,371
17,085
28,456
11,371
26,644
38,015
76,053
7,690
36,902
76,053
44,592
120,645
22,144
53,252
79
62,382
20,560
65,611
108,281
15,771
194,452
153,628
348,080
270,505
198,220
468,725
130,204
376,536
281,876
224,864
506,740
80,921
17,520
1,917
31,893
17,520
114,731
132,251
25,640
12,488
11,486
20,776
38,267
53,869
92,481
62,782
128,137
189,652
317,789
Integra ..................................
NSX .......................................
TLX .......................................
Total Acura car ................
MDX ......................................
RDX ......................................
ZDX .......................................
Total Acura truck ..............
2,018
15,656
Corsair ..................................
Nautilus.................................
2,450
3,097
1,686
7,602
3,209
12,283
15,299
20,601
8,236
56,419
30,653
1,095
7,798
7,798
Total Ford truck ................ 161,376 164,741 1,122,396 1,099,947
Ford (D) ......................... 164,214 164,879 1,145,251 1,114,332
Ford (I) ..........................
July
2023
1,233
1,233
12,755
12,939
4,558
9,633
12,413
4,753
8,664
68,536
7,627
3,937
4,315
13,516
1,095
7 mos.
2024
30,653
30,653
59,054
73,203
23,053
55,660
85,010
48,290
117,690
421,398
90,054
26,826
20,561
93,799
7,798
7 mos.
2023
31
26,704
26,735
71,335
76,082
24,078
2,508
56,117
77,252
44,119
113,087
451,429
50,126
17,977
28,433
77,562
9,842
12,350
12,350
8,377
12,190
14,794
10,358
45,719
26,735
Ford Motor Co. truck .......... 168,978 171,402 1,178,815 1,145,666
Ford Motor Co. (D) ............ 171,816 171,540 1,201,670 1,160,051
Ford Motor Co. (I) .............
12,350
2
19,256
5
11,113
30,376
36,361
18,967
55,328
85,704
117,718
108,359
2,749
111,108
1
226,078
2,749
228,827
196,794
62,829
44,706
27,084
65,745
31,605
428,763
654,841
2,749
657,590
259,203
484,091
740,545
2,749
743,294
7,538
3,555
811
11,904
1,581
14,325
14,325
9,754
25,660
25,660
37,564
37,564
31
86,636
4,990
30,543
6
86,636
35,570
122,206
17,776
44,048
139
45,199
22,953
71,754
118,125
18,940
212,832
126,102
338,934
299,468
161,672
461,140
134,110
364,594
299,468
199,236
498,704
73,065
37,112
16,554
39,870
5,018
37,112
134,507
171,619
23,107
10,265
22,437
37,674
51,376
83,742
65,043
116,419
177,225
293,644
Vehicles are domestic unless noted.
July
2024
Kia America (D) ............... 22,816
Kia America (I) ................ 40,764
Kia America .................... 63,580
Hyundai-Kia car ............... 40,123
Hyundai-Kia truck ............. 98,853
Hyundai-Kia (D) ............... 67,000
Hyundai-Kia (I) ................ 71,976
3,959
504
CX-70 ....................................
CX-9 (I) .................................
CX-90 (I) ...............................
MX-30 (I) ..............................
8,047
917
5,330
Mazda truck (D) ............... 17,643
Mazda truck (I) ................ 17,760
Total Mazda truck ............. 35,403
Mazda N.A. (D) ................ 17,643
Mazda N.A. (I) ................. 22,223
MAZDA N.A. .................... 39,866
BRZ (I) ..................................
Impreza (D) ..........................
Impreza (I) ...........................
Total Impreza ........................
Legacy ..................................
WRX (I) .................................
Subaru car (D) ................
Subaru car (I) .................
Total Subaru car ...............
Ascent ...................................
Crosstrek (D) .......................
Crosstrek (I).........................
CX-30 ....................................
4,463
8,679
July
2023
24,543
46,387
70,930
44,062
99,725
67,490
76,297
HYUNDAI-KIA ................... 138,976 143,787
Mazda3 (I) ............................
MX-5 Miata (I) ......................
Total Mazda car (I) ............
3,714
7,221
CX-5 (I) ................................. 12,430
CX-50 ....................................
12,443
4,234
60
2,929
28
11,455
15,460
26,915
11,455
19,174
30,629
271
2
2,576
2,578
1,799
1,369
1,801
4,216
6,017
4,220
8,455
6,863
Total Crosstrek ...................... 15,318
Forester (I) ............................ 10,682
Outback................................. 14,204
Solterra (I) ............................
1,261
Subaru truck (D) .............. 26,879
Subaru truck (I) ............... 18,806
Total Subaru truck ............. 45,685
Subaru of America (D) ....... 28,680
Subaru of America (I) ........ 23,022
SUBARU OF AMERICA ........ 51,702
ES (D) ..................................
ES (I) ...................................
Total ES .................................
GS (I) ....................................
IS (I) .....................................
LC (I) ....................................
LS (I) ....................................
RC (I) ....................................
Lexus car (D) ..................
Lexus car (I) ...................
Total Lexus car ................
GX (I) ....................................
LX (I) ....................................
NX (D) ..................................
NX (I) ...................................
Total NX ................................
RX (D) ..................................
RX (I) ...................................
Total RX ................................
RZ (I) ....................................
TX .........................................
UX (I) ....................................
311
109
2,691
2,800
2,170
1,894
2,279
4,896
7,175
4,281
4,306
6,935
11,241
14,504
12,430
758
3,770
8
3,778
1,458
105
156
147
3,770
1,874
5,644
4,746
456
4,266
2,338
6,604
9,243
348
9,591
1,232
581
Lexus truck (D) ............... 13,509
Lexus truck (I) ................
9,701
Total Lexus truck .............. 23,210
Lexus (D) ....................... 17,279
Lexus (I) ........................ 11,575
Total Lexus ..................... 28,854
Avalon ...................................
2
Camry ................................... 24,313
Corolla (D) ........................... 13,173
Corolla/IM (I) .......................
Total Corolla .......................... 19,749
Crown (I) ..............................
GR86 (I) ................................
Mirai (I) .................................
Prius (I) ................................
Supra (I) ...............................
7,627
1,109
6,058
6,268
7,567
2,146
4,403
3,378
1,001
26
1,201
308
Toyota car (D) ................. 37,488
Toyota car (I) .................. 10,285
Total Toyota car ............... 47,773
4Runner (I) ...........................
BZ4X (I) ................................
C-HR (I) ................................
Corolla Cross ........................
Grand Highlander ..................
Highlander ............................
Land Cruiser (I) ....................
RAV4 (D).............................. 28,026
RAV4 (I) ...............................
Total RAV4 ............................ 35,593
Sequoia .................................
Sienna ...................................
Tacoma ................................. 18,571
Tundra ................................... 12,388
Venza (I) ...............................
Toyota truck (D) ............... 79,318
Toyota truck (I) ................ 25,949
6,576
1,173
21,017
22,197
43,214
23,296
27,093
50,389
3,212
10
3,222
2,042
162
181
136
3,212
2,531
5,743
2,418
531
4,378
1,573
5,951
8,446
369
8,815
495
898
12,824
6,284
19,108
16,036
8,815
24,851
25,110
11,873
9,509
21,382
2,060
1,371
463
3,940
157
36,983
17,500
54,483
11,206
7,702
24
714
7,472
5,377
8,590
30,361
7,460
37,821
1,639
6,158
20,126
10,457
2,790
90,180
22,170
Total Toyota truck ............. 105,267 112,350
Toyota (D) ...................... 116,806 127,163
Toyota (I) ....................... 36,234
Total Toyota .................... 153,040 166,833 1,172,476 1,055,941
Toyota Motor N.A. car ........ 53,417
39,670
60,226
Toyota Motor N.A. truck ...... 128,477 131,458
48,485
722
1,217
144
1,361
106
VOLVO CAR USA ...............
2,761
2,345
3,024
8,236
9,597
176
898
564
2,443
3,161
3,719
9,887
402,095
966,443
Toyota Motor N.A. (D) ........ 134,085 143,199 1,029,071
Toyota Motor N.A. (I) ......... 47,809
TOYOTA MOTOR N.A. ......... 181,894 191,684 1,368,538 1,230,204
60 series (I) ..........................
90 series (I) ..........................
Total Volvo car (I) .............
C40 (I) ..................................
XC40 (I) ................................
XC60 (I) ................................
XC90 (I) ................................
Total Volvo truck (I) ...........
339,467
11,909
12,868
15,633
10,785
Note: (D) = produced in North America; (I) = imported to U.S.
Source: Automotive News Research & Data Center
20,172
21,215
57,741
70,609
959
721
2,994
720
7 mos.
2024
145,657
304,383
450,040
262,455
694,325
427,533
529,247
956,780
21,786
4,508
26,294
59,901
82,644
43,244
1,976
4
28,289
105,121
110,937
216,058
105,121
137,231
242,352
1,685
56
17,414
17,470
11,249
10,664
11,305
29,763
41,068
32,175
51,739
43,079
94,818
103,531
95,907
6,646
179,821
153,256
333,077
191,126
183,019
374,145
23,249
87
23,336
11,607
1,071
1,370
1,088
23,249
15,223
38,472
13,887
3,771
22,523
18,720
41,243
58,658
5,888
64,546
6,871
21,319
5,953
102,500
55,090
157,590
125,749
70,313
196,062
7
179,555
93,274
48,466
141,740
15,205
8,468
271
16,574
1,803
272,836
90,787
363,623
74,177
10,577
1
52,869
55,406
66,166
9,729
224,910
58,978
283,888
15,014
37,271
88,008
90,842
24,905
630,486
178,367
808,853
903,322
269,154
7 mos.
2023
153,531
311,732
465,263
305,729
658,238
452,999
510,968
963,967
18,121
6,233
24,354
45,748
92,464
25,700
17,419
8,633
94
71,448
118,610
190,058
71,448
142,964
214,412
2,823
16,921
5,170
22,091
14,130
17,267
31,051
25,260
56,311
37,422
9,310
78,061
87,371
75,814
93,833
3,730
140,565
157,605
298,170
171,616
182,865
354,481
22,450
91
22,541
2
13,156
987
1,392
978
22,450
16,606
39,056
15,742
3,977
28,697
11,292
39,989
58,325
7,862
66,187
1,612
7,700
87,022
48,185
135,207
109,472
64,791
174,263
43
175,852
67,182
51,698
118,880
8,215
6,634
2,185
18,881
1,778
243,077
89,391
332,468
61,942
4,373
774
35,808
5,536
121,854
4
176,043
48,795
224,838
11,216
34,098
136,971
70,192
15,867
591,718
131,755
723,473
834,795
221,146
371,524
858,680
944,267
285,937
5,061
1,374
6,435
5,097
14,593
22,993
21,417
64,100
70,535
Automotive News - August 5, 2024

Table of Contents for the Digital Edition of Automotive News - August 5, 2024
