Tricolor Auto Acceptance | Auto Finance News | Auto Finance News

Tricolor Uses Innovation, Technology to Drive Customer Experience 

At Tricolor Auto Acceptance, technology drives the goal of delivering seamless, sustainable financial products across dealerships and digital channels, President and Chief Operating Officer Don Goin told Auto Finance Excellence. “Our business strategy is hyper-focused on the customer experience relative to financial inclusion,” Goin said. “Part of this strategy is the prioritization of product development […]

Tricolor’s Machine Learning Tech Is Reducing Its Reconditioning Costs

SAN DIEGO — The machine-learning technology deployed by Tricolor Auto Acceptance has cut its vehicle reconditioning costs, Chief Executive Daniel Chu said during the Auto Finance Innovation Summit here on Wednesday. Tricolor provides the reconditioning centers that service its chain of retail dealerships with technology that determines the most cost-effective source of car parts. The […]

Executives to Discuss IT Challenges at Auto Finance Innovation Summit

Three distinguished executives from U.S. Bank, CarFinance.com, and Tricolor Auto Group are set to discuss the challenges of information technology at the 4th annual Auto Finance Innovation Summit during a session entitled “Solving Your Biggest Information Technology Challenges.” The discussion will take place on Tuesday, May 14, at 9:45 a.m. PT at the Omni San […]

Tricolor Auto Preps First Rated Securitization

Buy-here, pay-here lender Tricolor Auto Acceptance LLC is preparing to issue its first rated securitization, a $101.7 million transaction slated to close Nov. 21, according to a Kroll Bond Rating Agency presale report released this week. The securitization is backed by loans with a weighted average Fico score of 583 and a weighted loan-to-value ratio […]

Buy-Here, Pay-Here Group Settles FTC ‘Furnisher’ Charges

The finance arm for a chain of buy-here, pay-here dealerships agreed to pay more than $82,000 to settle Federal Trade Commission charges that the lender violated the rules for furnishing accurate consumer data to credit reporting agencies. “An inaccurate credit report can have a huge impact on consumers,” said Jessica Rich, director of the FTC’s Bureau of Consumer Protection, in […]

Tricolor Auto Expands HQ

Irving, Texas-based Tricolor Auto Group has bumped up the headquarters space it leases to 24,913 square feet from 16,763 square feet, according to a report on GlobeSt.com. The property is owned by Landlord Rosemont Realty LLC of Santa Fe, N.M. TriColor Auto (www.tricolorauto.com) has rented the location since April 2010. One of the fastest growing […]