CENTREVILLE, Va. (December 13, 2016) – Carfax welcomed a ruling by the United States District Court for the Southern District of New York concluding that a lawsuit filed against Carfax by Maxon Hyundai Mazda should be dismissed. The judge found no basis to let the case go forward. In her decision, U.S. District Judge Alison J. Nathan reviewed the evidence collected to that point and found that plaintiffs’ claims that Carfax’s activities improperly foreclosed competition for the sale of vehicle history reports failed as a matter of law. For that reason, the Judge dismissed the case and granted judgment to Carfax.

Founded in 1986, Carfax provides trusted information that helps millions of people shop, buy, own and sell used cars with more confidence. Starting with the Carfax Vehicle History Report – the most comprehensive collection of used vehicle information ever assembled – the company has been pioneering innovative products for consumers and dealers for more than 30 years.

“We are gratified that the court agreed with our position that this lawsuit was unfounded,” said Dick Raines, president of Carfax. “We’re already hard at work creating the next generation of products and services to help our dealer customers and millions of consumers.”

The company’s commitment to innovation continues with the launch of new services to help consumers and dealers buy, shop, and own used cars with more confidence. In 2012, myCarfax, a brand new way for consumers to reduce the headache of servicing their car, was introduced. This new app delivers timely reminders when service is due, contains valuable offers to help consumers maintain their car, and alerts drivers about safety recalls. And in 2014, the company launched Carfax Used Car Listings. Used car shoppers now can shop millions of used cars, all with free Carfax Reports, at the all-new carfax.com. Consumers can find the cars they want, with the history they need, with just a couple of clicks.

About Carfax (www.carfax.com)

Carfax, a unit of IHS Markit (Nasdaq: INFO), is the vehicle history expert for used car buyers, sellers and the automotive industry. Carfax created the Vehicle History Report in 1986 and continues to develop innovative services – like Carfax Used Car Listings and myCarfax – that make it easier to buy, sell and own a used car. The company maintains a database comprising over 17 billion vehicle history records from more than 100,000 sources worldwide. Get a free Carfax® Vehicle History Report from dealers with every used car for sale on Carfax.com or look for Carfax Advantage™ dealers in your area and say ‘Show Me the Carfax™’. Based in London, IHS Markit is a world leader in critical information, analytics and solutions.