Alec Hagey, the newly appointed CEO of Toyota Financial Services, is addressing some of the biggest challenges facing the automotive finance industry. In his first weeks at the helm of the nation's largest captive finance company, Hagey is weighing in on affordability concerns, a critical issue for consumers and manufacturers alike. As electric vehicles (EVs) continue to gain traction, Hagey is also discussing the impact of EV residual values on the industry, a topic of growing importance as manufacturers invest heavily in electrification. Furthermore, he is highlighting opportunities for growth in private label financing, a key area of focus for Toyota as it seeks to expand its financial services offerings and deepen relationships with customers.
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 ...
