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A federal judge dismissed a lawsuit against Carfax, saying that claims by almost 500 dealers that the vehicle history report company engaged in anticompetitive practices, were unfounded.
IHS Inc., the parent company of IHS Automotive and Carfax, agreed to buy Markit Ltd. to create a $13 billion London-based data and business research provider.
Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax.
IHS said today it has acquired Carproof, a Canadian used-vehicle history provider, for $460 million.
Carfax and vAuto have joined forces to offer dealers vehicle-history information on auction vehicles at a glance and with fewer online clicks.
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