The owners of 120 auto dealerships have filed a federal lawsuit against Carfax Inc.
, alleging that the vehicle history reporting company engages in anti-competitive practices and violates antitrust laws.
The suit, filed Tuesday in U.S. District Court for the Southern District of New York, seeks damages of more than $50 million. It also alleges that Carfax, through exclusive agreements with auto companies and popular classified auto Web sites, is "monopolist in the sale of vehicle history reports."
Larry Gamache, a Carfax spokesman, said the company is "not able to comment" on the suit. Carfax is a unit of R. L. Polk & Co.Read Article