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TrueCar Settles with California Dealers

TrueCar Settles with California Dealers

TrueCar Inc. and the California New Car Dealers Association (CNCDA) announced that, in resolution of the litigation between the parties, TrueCar has agreed to transition its billing model in the State of California.
The model will now go from a pay-per-sale model with a cap to a flat-fee subscription billing model by Jan. 1, 2019.
TrueCar will also double the indemnity that it provides to California dealers who participate in the TrueCar program. 
Unlike TrueCar\'s current subscription billing model in California, the flat-fee subscription billing model will not include a \"sales guarantee\" as a retroactive adjustment mechanism.
Last modified on Thursday, 28 December 2017 00:09