Mazda Financial Services’ President and Toyota Financial Services Group Vice President Pete Carey will kick off the Auto Finance Innovation Summit with a fireside chat on Monday, April 25, at 1:30 p.m. to discuss changes in technology and innovation in auto finance.
The 2022 Auto Finance Innovation Summit returns live at the Intercontinental San Diego on April 25-26. View the full agenda here.
Carey oversees Toyota Financial Services’ private label partnership with Mazda Motors, which the lender launched in early 2020. Prior to leading Mazda Financial Services, Carey served as group vice president of Toyota Financial’s service operations and was chairman of the Board of Directors at Toyota Financial Savings Bank.
TFS built its new mobility finance-as-a-service system for the OEM using cloud-based technologies and in November 2021 rolled out the platform to the U.S. powersports market with a private-label financing arrangement with powersports retailer Great American Outdoors Group.
In 2020, TFS also ranked as the top auto lender with $101.4 billion in outstandings and the top captive in originations totaling $53.4 billion in loans, according to the 2021 Big Wheels Auto Finance Data Report. In 2021, Toyota Motor leapfrogged General Motors as the top-selling automaker in the U.S.
The Innovation Summit will also bring back the fan-favorite DEMOvation Challenge, expert discussions on technological investments and advancements in the industry, and best practices for technology implementation. Along with guided sessions, there will also be networking opportunities throughout the two-day event for speakers and attendees.