Dealers Hit Carfax With $50M Suit Over Auto Report Monopoly

Law360, Los Angeles (April 23, 2013, 7:57 PM EDT) -- More than 120 auto dealers hit Carfax Inc. with a $50 million lawsuit in New York federal court Monday, claiming the company has created a monopoly in the vehicle history report market and has lowered the reliability of VHRs while increasing the price.

The dealers raise allegations that Carfax has a 90 percent share of the VHR market for used automobiles and light trucks in the U.S. because of exclusivity agreements with “major players” in the auto industry. As a result of the agreements, the dealers...
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