Dealers drive off web competition: states put brakes on TrueCar referral fees.

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Dealers drive off web competition: states put brakes on TrueCar referral fees.

Auto marketing website TrueCar enjoyed a quick trip to success, but the very business model that drove its growth now needs a repair.

Founded in 2006, the Santa Monica company helped car dealers sell nearly 250,000 vehicles last year. For each sale generated by TrueCar, the site charged the dealer a fee of $299 for new models ...

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