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????
Tags:
-
▶ Reply to This