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The 37 car brands which owe £56m compensation to UK drivers over 9-year period
The scheme covers millions of motorists and sets payments at £25 for the first vehicle, with more available for additional eligible cars, administrators said.
- The Competition Appeal Tribunal approved a £55.87 million compensation scheme for consumers and businesses who bought or leased new cars and vans between 2006 and 2015 and may have overpaid due to hidden price-fixing agreements.
- This action follows a 2018 European Commission decision to fine shipping companies MOL, K Line, NYK, WWL, EUKOR, and CSAV £340 million for fixing prices in the transport of vehicles.
- Millions of Brits who purchased vehicles from 37 brands between 2006 and 2015 qualify for compensation starting at £25 for the first vehicle, £5 for vehicles two to six, and at least £2.50 for each additional eligible vehicle.
- Consumer expert Mark McLaren urged the public to sign up immediately to be first in line for compensation, adding that settlement distribution is expected later this year for registered claimants.
- Motorists can verify eligibility and register at the Car Delivery Charges website, with payouts beginning in the coming months via direct bank transfers, Nectar points, or charitable donations.
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