Automotive Parts Settlement Reaches $1.2B, Most People Qualify

Automotive Parts Settlement

Back in 2016 I posted about an Automotive Parts Antitrust Litigation arising out of price-fixing and bid-rigging conspiracies among automotive parts manufacturers. Back then the total recovery fund was about $600M. It then jumped to just over $1 billion. And now there’s even more money for those affected, an extra $183,958,000. The total reaching about $1.2 billion.

This litigation has been going on for years, since 2011. But check could be sent out next year. You can check if your make and model is included here. I assume that most people will qualify as all major makes and models are included in the settlement. Make sure you file a claim if you’re eligible. You can get a check for $100 or more.

Who’s Eligible?

Generally, you may be included in one or more of the Settlement Classes if, at any time from 1990 to 2019, you:

bought or leased a qualifying new vehicle in the U.S. (not for resale), or
paid to replace one or more of the qualifying vehicle parts (not for resale).

In general, qualifying vehicles include new four-wheeled passenger automobiles, vans, sports utility vehicles, crossovers, and pickup trucks.

How Much Do I Get?

You could get $100 or more. Make sure to file a claim before the end of the year. Payments are expected to be issued to consumers by the end of 2020.

Guru’s Wrap-Up

Payments will be based on a number of factors, including at least the number of valid claims filed by all Settlement Class members and the number of (1) qualifying new vehicles purchased or leased or (2) qualifying replacement parts purchased. But most people who have owned a car in the last 30 years will qualify for this Automotive Parts settlement. You can get $100 or more based on the settlement website.