Colin Richardson’s Post

CDK Global is in the spotlight again, and not for the right reasons. Tekion Corp has filed an antitrust lawsuit against the legacy DMS giant, joining a growing list of dealers and competitors taking legal action over practices that restrict data access and hinder innovation. 🔑 What’s at stake? • Dealers’ Data: Tekion’s CEO, Jay Vijayan, said it best: “It is dealers’ data, but [CDK has] been holding it hostage.” • Competition: The lawsuit calls out anticompetitive practices that impact the ability of dealerships to adopt modern solutions. This isn’t the first time these issues have come up—dealers and industry leaders are demanding better. Asbury Automotive’s recent court victory over CDK highlighted the same themes: outdated systems, restrictive practices, and a lack of respect for dealership data. The takeaway? The industry is changing, and dealers deserve technology partners that prioritize transparency, innovation, and fair competition. #AutomotiveIndustry #DealersData #Innovation #FairCompetition #IndustryUpdate

As dealerships across the country navigate the CDK cyberattack that has shut down most of its systems, Withum 's Michele Koss -D’Antonio and Jason Spezzano provide a checklist for dealerships to consider as they operate. #withum #automotive #withumdealerships #NADA #auto #dealerships

In case you missed it, Benchmark Data Suite and QB Business Solutions, a leader in Warranty Reimbursement, Warranty Claims Processing, and Dealer Analytics, are proud to announce a strategic partnership aimed at delivering enhanced value to automotive dealerships. https://lnkd.in/gF5-JcRW #automotive #autodealers #dealersoftware #dealerships #businessintelligence #dealers

ONE MONTH "REBATE" SUFFICIENT FROM CDK Global? Not for most dealers. Consider...."Damon Lester, a CDK customer and owner of Nissan of Bowie in Maryland, estimated that one month of CDK software and services costs his dealership about $20,000. But he said his expenses related to the CDK outage went far higher than that." WOW....$20k a month charge for a Nissan dealer in the middle of nowhere....Hmmm. Every dealer/dealer group should be looking at DMS disruptor Tekion Corp. The company has "arrived", with a recent investment round of $200M from Dragoneer Investment Group, bringing it's market valuation to $4 Billion+. Value, industry-leading, cloud-native platform (including cybersecurity) versus legacies including CDK Global, The Reynolds and Reynolds Company, Dealertrack and others. DEMO NOW.....www.tekion.com PLEASE NOTE: We are currently soliciting for OEM, DEALER GROUP, SUPPLIER, SaaS contracts/other projects. Feel free to reach out to me directly. 416.993.9356 [email protected] #automotive #automotiveindustry #innovation #branding #technology #business #leadership #disruptor Nissan Motor Corporation, The Reynolds and Reynolds Company, Dealertrack, Tekion Corp

Exciting news for auto dealers! CDK Global has announced that dealers should have full access to their DMS services by July 4th. This update promises enhanced efficiency and better support for dealership operations. What are your thoughts on this development? How do you think it will impact the automotive retail industry? Share your insights below! #AutoIndustry #Dealership #TechUpdate #CDKGlobal

The major North American car dealership estimates the attack will lead to a $1.50 per-share earnings impact. The June 19 cyberattack at CDK impacted dealer management systems at numerous auto dealerships, including AutoNation, Sonic Automotive, Penske Automotive Group, Group 1 Automotive and Lithia Motors. CDK’s systems outage impacted sales, service, inventory, customer relationship management and accounting. CDK provides dealer management software for more than 15,000 dealerships across North America. The attack caused ripple effects across the industry as numerous car dealers warned of immediate disruptions. #cyberriskmanagement #thirdpartyriskmanagement #spectraassure #softwaresupplychainsecurity #grc #cyberinsurance

Though the FTC CARS Rule has been paused pending further legal review, we have been staying close to the conversation to best understand the implications to dealerships in advance of the effective date. Our recent guide provides an overview of the Rule, what it seeks to achieve, what it means for auto dealers and how to comply with it. ⬇️ Learn more: https://hubs.li/Q02sVfvv0 #jmagroup #automotive #dealerships #FTC

CDK Global surveyed over 2,000 service customers to assess the current landscape for dealerships. The results revealed that more than three-quarters of respondents had their vehicles serviced at the same dealership where they made their purchase, fostering a cycle of repeat business with the Service department. 🔁 Explore more key findings in our latest white paper: https://lnkd.in/g_J4WxhH #automotiveindustry #dealership #fixedoperations

The car dealership software vendor discovered a cyberattack June 19 and has told customers it will restore systems within days. The fallout from a cyberattack targeting CDK Global, a software provider for more than 15,000 car dealers across North America, is spreading as more customers disclose potential material impacts. At least five publicly traded car dealerships filed disclosures with the Securities and Exchange Commission since Friday. Sonic Automotive and Penske Automotive Group warned investors of potential impacts on Friday. Autonation, Group 1 Automotive and Lithia Motors filed with the SEC Monday. #cyberriskmanagement #thirdpartyriskmanagement #softwaresupplychainsecurity #grc #cyberinsurance

An easy way for dealerships to make money beyond just selling cars is through selling vehicle service contracts. It's a win-win situation for both the dealership and the customer. The dealership earns revenue, and the customer gets peace of mind knowing that they won't be hit with unexpected repair bills down the line. Implementing a service contract marketing program can run this revenue stream for your dealership, so you can focus on selling! We can set this up for you and with NO COST to do so!!! #vehicleservicecontracts #dealerships #apcisg #IFS #Innovationfinancialservices Click below if you'd like to schedule a "Next Level Assessment" with a member of the Innovation Team. https://lnkd.in/gb7dUzcn