A PYMNTS Company

US: More than 100 car dealers accuse Carfax of monopoly

By  |  April 25, 2013

Carfax, an online vender of vehicle history reports, is being accused by more than 100 car dealerships in New York of monopolizing the industry by forcing the dealers to pay hundreds of thousands of dollars for the reports, which they claim are substandard. Maxon Hyundai Maxda leads the case, along with 119 other dealerships, in a federal complaint. According to court documents, plaintiffs accuse Carfax – one of 10 venders of the reports – of controlling more than 90 percent of the market through exclusivity agreements. According to the plaintiffs, if dealers do not buy into the agreement, consumers are likely to assume an absence of a listing suggests a “blemished history” of that automobile. The dealers are asking for at least $50 million.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Courthouse News Service

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.