Se toyota finance regional employment gains in the

Regional employment gains in the Southeast bolster borrower repayment capacity, aiding SE Toyota Finance’s loan performance. Higher consumer confidence is likely to sustain vehicle purchase financing demand into next quarter. Even though another steep drop often happens around the four-year mark, many car owners will benefit from keeping their vehicles past this point. It’s important to weigh the costs of expected maintenance and repairs against the cost of having a new car payment. Often, the cost of the occasional repair for a vehicle that’s a few years old is worth it if you can bank the savings from not having a payment. Toyota Motor Credit Corporation (TMCC) operates in the United States to offer retail auto financing and leasing to customers through auto dealerships. TMCC has a range of products to meet dealers' financing needs and also offers extended service contracts and other vehicle and payment protection products through Toyota Motor Insurance Services (TMIS) and its subsidiaries. TMCC offers its finance and protection products to Toyota customers and dealers using the Toyota Financial Services brand name. Lexus Financial Services is the brand for finance and protection products for Lexus dealers and customers. Mazda Financial Services is the brand name for finance products for Mazda dealers and customers. As of March 31, 2020 , TMCC employed approximately 3,300 team members nationwide, and has assets totaling nearly $126 billion . It is part of a worldwide network of comprehensive financial services offered by Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation. Auto finance market volatility is easing, and SE Toyota Finance could capitalize by expanding dealer partnerships. Should new car inventory normalize, originations could rise by mid-single digits over the next quarter.