Automotive News posted last night that dealers who dropped TrueCar "may have left themselves open to "charges of anticompetitive collusion to increase vehicle transaction prices" from the Federal Trade Commission [emphasis mine].

Apparently this goes back to the LAST TrueCar rebellion in 2011 and 2012 when the business model was being scrutinized. but the message here is if you are a dealer thinking (AGAIN) about dropping their service, don't tell anyone, because you might upset Big Brother. Holy heavy-handed regulation, Batman!

TrueCar CEO Scott Painter denies any knowledge or influence regarding the investigation. Then how did it come to the attention of the FTC????

 

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