Method

How trucks cartel late payment interest is calculated

Most hauliers value their loss at the price increase alone. That badly understates it: the interest often exceeds the capital.

10-20 %
Base overcharge on the net price
3-5 %
Statutory annual interest applied
12-28
Years of compounding
+60 %
Share of interest in the final award

Two inseparable components of the loss

Financial assessment rests on two pillars: the direct economic loss suffered on the day of the transaction, and its reparation restated to the date of judgment or claim purchase.

The base overcharge, between 10 and 20 % of the net purchase price, is the capital of the loss. But in civil and commercial law the victim of an antitrust infringement is entitled to full reparation: the sum unduly received must be restated to compensate for inflation, the cost of money and the loss of cash suffered since payment.

Article 3 of Directive 2014/104/EU states explicitly that this reparation includes the right to interest from the moment the harm occurred until the compensation is paid.

Jurisdiction

Restatement rule applied

Effect for the haulier

Netherlands

Statutory commercial interest, wettelijke rente

Particularly favourable to claimants

Germany

Section 33a GWB, five points above the ECB rate

High restatement over a long period

France

Statutory commercial rate increased from formal notice

Interest running from the formal claim

The calculation in figures

Take a tractor unit bought new in 2004 at EUR 100,000 net. The base overcharge is EUR 15,000. The interest multiplier over twenty-two years at 4 % per year is about 2.37. The total claim therefore reaches EUR 35,550.

In that example the late payment interest represents EUR 20,550, more than the original overcharge. That is why the limitation question is decisive: every year that passes grows the claim, provided the right to act is preserved.

How your claim is calculated

The original overcharge is only part of your claim. The decisive lever is the compounding of statutory late payment interest, accrued over twelve to twenty-eight years.

C = (Vb × α) × (1 + r)t
  • C: total claimable compensation, principal and late payment interest combined
  • Vb: gross list price or net acquisition value of the vehicle
  • α: artificial overcharge applied by the cartel, between 10 and 20 %
  • r: average statutory annual interest rate applied by the court, 3 to 5 %
  • t: number of years elapsed since the original invoice was paid

The calculation is identical whatever the financing: it applies to the inflation paid at the outset, whether the vehicle was bought outright, financed on hire purchase or operated on long-term hire.

01

Eligibility check

Send us your invoices, lease agreements, registration documents or asset registers covering 1997 to 2014.

02

Audit and firm offer

Our lawyers and econometricians quantify your claim within four weeks.

03

Guided decision

You choose between a cash purchase of your claim within 30 days and litigation on a success-fee basis.

04

Payment released

The compensation is credited directly to your company bank account.

Frequently asked questions

European commercial courts apply between 3 and 5 % per year, compounded from the date the vehicle was purchased.

Because it accrues over a very long period, twelve to twenty-eight years. Through compounding it can represent more than 60 % of the final award.

No. It applies to the inflation paid at the outset, whatever the financing arrangement.

The other files in the expertise centre

All the analyses in this section, plus the Legal expertise hub for the overview.

Calculate the late payment interest on your fleet

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Or write directly to contact@truckcartelclaim.com