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Home » Tricolor projects originations at $1.3B 

Tricolor projects originations at $1.3B 

Subprime lender issued first auto ABS deal of 2024 

Amanda HarrisbyAmanda Harris
February 1, 2024
in Capital & Funding
Reading Time: 5 mins read
0
used vehicle dealership

(Photo/Canva)

Tricolor Auto Acceptance projects origination volume to surpass $1 billion in 2024 as the company expands geographically and seeks additional capital.  Used-car retailer and subprime lender Tricolor Holdings issued its first auto asset-backed securitization (ABS) transaction of the year Jan. 25, a $271.3 million social bond backed by subprime auto loans, according to Finsight, which […]

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Tags: auto originationsauto outstandingsPremiumsubprime financingTricolor
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