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Home » Tricolor takeover to cost $4.8M

Tricolor takeover to cost $4.8M

Backup servicer Vervent to receive $800K

Aidan BushbyAidan Bush
November 17, 2025
in Risk Management
Reading Time: 2 mins read
0
A Tricolor dealership in Houston, Texas, US, on Thursday, Sept. 11, 2025. Tricolor Holdings, a used car seller and subprime lender that focuses on undocumented immigrants in the US Southwest, filed to liquidate in bankruptcy. US prosecutors are also looking into allegations of fraud by the company.

(Courtesy/Bloomberg)

The takeover of Tricolor Holdings’ assets, data and debts appears to have cost nearly $5 million so far and could cost millions more, according to court records. Vervent’s takeover of Tricolor vehicles, data and debts has cost $4.8 million as of Oct. 6, according to court documents filed Nov. 15 with the U.S. Bankruptcy Court […]

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Tags: Auto Dealer ActivityPremiumTricolorvervent
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