On Thursday, June 28th, the Office of Fair Trading (OFT) said Mercedes-Benz have co-operated illegally breaking the competition law.
Mercedes-Benz and five of its UK dealers from England, Wales and Scotland were accused of being involved in price-fixing and sharing commercially sensitive information for 3 years (2007-2010). The OFT also said that two or three dealers were involved in each alleged infringement and that Mercedes was also involved in two such infringements.
“The precise content of the arrangements differs among the five alleged infringements, but all contain, to varying degrees, at least some element of market sharing, price co-ordination and/or exchange of commercially sensitive information. The evidence also suggests that, in respect of two of the alleged infringements, Mercedes-Benz helped to facilitate or consolidate the arrangements amongst the dealers,” the OFT said in a statement.
OFT added that accusations are provisional and that Mercedes has the right to respond before it is decided whether competition law had been infringed. Mercedes officials, who recently received the detailed information about the investigation, declared that they will offer OFT feedback after analyzing the information.