TrueCar: FTC dealer probe closed
12 Aug 2015
The U.S. Federal Trade Commission has closed an antitrust investigation into whether auto dealers conspired together against car-buying website TrueCar in 2011 and 2012 in order to raise prices, TrueCar said in a securities filing (NASDAQ: TRUE).
TrueCar stated that had responded to a request for documents from the FTC and considered the matter to be closed. Neither the FTC nor TrueCar