Toyota's New Leader Weighs in on Industry Challenges Alec Hagey, the newly appointed CEO of Toyota Financial Services, is facing a daunting task in his first weeks at the helm of the nation's largest captive finance company. As the automotive industry grapples with affordability concerns, Hagey is sounding the alarm on the pressing need to address these challenges. With electric vehicles (EVs) increasingly dominating the market, Hagey is also weighing in on the crucial issue of EV residual values, which have significant implications for both consumers and lenders. Additionally, he is identifying opportunities for growth in the private label space, a key area of focus for Toyota Financial Services as it seeks to expand its reach and stay ahead of the competition.
New Toyota Financial Services CEO Alec Hagey discusses affordability challenges, EV residual values and private label growth opportunities in his first weeks leading the nation’s largest captive ...
