Where will TrueCar's troubles end....From AutoNews.com

NEW YORK (Reuters) -- U.S. antitrust enforcers have closed an investigation into whether auto dealers ganged up against shopping website TrueCar Inc in 2011 and 2012 in order to raise prices, TrueCar said in a securities filing today.

TrueCar said in the 10-Q filing it had responded to a request for documents from the Federal Trade Commission and considered the matter to be closed.

A spokeswoman for the FTC had no immediate comment. A spokeswoman for TrueCar also had no immediate comment.

At issue in the investigation was a feature of TrueCar's website that allowed users to collect bids from auto dealerships. The feature encouraged dealers to undercut one another on price, almost as in a reverse-auction.

Dealers rebelled, and many canceled their affiliations with TrueCar, threatening its business model. TrueCar then changed its website, and in 2013, dealers received letters from the FTC asking them to preserve documents."