Tricolor Auto: In the Blind Spot

To the Editor:

Kudos on your incisive article concerning Tricolor Auto Group, supported by BlackRock’s “$90 million stake in the private company” (“A Used-Car Dealer Raised Millions From ESG Investors. The Customer Complaints Continued,” Cover Story, Nov. 11).

As you note, Tricolor focuses on “traditionally underserved” communities such as “undocumented migrants” in Spanish-speaking areas of “Texas and California, its biggest markets.” For this, it receives “special perks” under a U.S. Treasury program relating to ESG commitments made to such communities.