CHICAGO, March 11, 2024 /PRNewswire/ — Tractable accused CCC of violating federal antitrust laws in a court filing filed today, alleging that CCC is using its 85% market share in the Estimatics market to limit customer choices and raise prices that ultimately impact the American consumer. Estimatics products can be used to identify automotive damage, diagnose necessary repairs, and estimate the costs of those repairs.
Tractable raised the charges in its Motion for Leave to File an Amended Answer and Counterclaim, filed as part of ongoing litigation between the two companies in the U.S. District Court for the Northern District of Illinois.
“Today, Tractable took legal action against CCC, challenging what Tractable believes is anti-competitive conduct that harms the auto collision ecosystem. Tractable took this legal action to enable choice and the best technologies in the ecosystem: for insurers, repairers and providers and everyday Americans, who pay for auto insurance as a necessity of life,” said Alex Dalyac, founder and CEO of Tractable.
About Treatable
Tractable is an applied AI company that uses the speed and precision of artificial intelligence to visually evaluate cars and homes. Our solutions aim to help people work faster and smarter, while reducing friction and waste, which is better for businesses and the planet. Trained on millions of data points, Tractable's AI-powered solutions process more than $7 billion in vehicle repairs and purchases annually, and connect everyone involved in auto and property insurance, repairs and sales. Founded in 2014, Tractable is the AI tool of choice for more than 20 leading global automotive and insurance companies, including more than 10 of the Fortune Global 500. Backed by SoftBank, Insight Partners and other top investors, our research and The engineering team is based in Londonwith offices in North America, Asia and Europe.
To learn more about Tractable and schedule an AI demo, visit tractable.ai. You can also follow us on LinkedIn and Twitter.
SOURCE Treatable
