Several months ago CARFAX was hit with a class action lawsuit 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.
I heard there was a comment made by a manager from the block at a Phoenix auto auction that they wouldn't be using CARFAX any longer.
I have used CARFAX and Autocheck on the same car. In most cases the information given is almost alike. The most important things odometer rollbacks and salvage titles usually show up on both.
What the automobile buying customers do not realize is that there are many unreported accidents. Have you ever known someone who was involved in an accident in a parking lot? I am not sure how many body shops report to these two sites, but I don't think it is a lot.
If you have been in an accident and are working with an insurance company, here is a site that can give lots of information.
http://www.ican2000.com/
