07/05/2020 | Issue 5

Outgoing President's Message
It has been a privilege to serve as the NVLA president this past year, and as I look back on my term, I’m proud of the accomplishments we have achieved as an association.  It certainly passed in the blink of an eye--I give all the credit to our dedicated and dynamic board and committee members, our executive director, Mike Mathy, and the professional staff for making it all happen.

Above all, our annual conference this year was a great success, both financially and educationally.  With record attendance, a sold-out exhibit floor, meaningful sessions, and impactful speakers, the survey results were overwhelmingly positive. Additionally, the venue and the numerous networking opportunities were a big hit with all who attended.

A big thank you goes to the conference committee and its chairperson, Ken Sopp, of Credit Union Leasing of America.  The conference was a great success because of his leadership and all of the support of the volunteer committee members.

Several member benefits and affinity programs were established this year.  Most notably, the NVLA welcomed ABS Tag and Title to assist members with title and registration needs throughout the country.  We also established affinity programs with 700Credit, the largest provider of credit and compliance solutions for the automotive industry, and SiriusXM satellite radio.

Most recently, we supported an initiative by our legal and legislative counsel to oppose a bill that will ban auto brokering in the state of New York.  The bill hurts both independent lessors and consumers.  More on this in this month's edition of LeaseWire.

However, the most fulfilling aspect of being president was gaining friendships and a deeper understanding of our industry, including the dedicated men and women who devote their professional careers to the leasing business.  I have always been proud of what I do for a living but have a much deeper respect for our profession after making new industry friends and learning what they do every day. 

From small, family-run businesses to large independent leasing and finance companies, the industry is filled with dedicated, hardworking professionals who bring value to businesses and consumers across the country.

I thank everyone who has supported me in my role as president this past year, and I have great confidence in Doug Moore of Somerville Auto as our incoming president.  The NVLA is in good hands, and I look forward to this association's continued growth thanks to our talented and dedicated members, sponsors, and leadership.


Edward P. Kaye

Leasing Industry Relevant Articles
Fitch Ratings cites 4 reasons for improved US auto lease ABS Outlook by SubPrime Auto Finance News Staff

The Evolution of the Vehicle Rental & Carsharing Ecosystem – Future Impacts on Mobility (Download) by Matthew Daus, Esq., Partner and Chairman, Windels Marx Transportation Practice Group
NVLA Member Spotlight
Brokers Not Broke Yet
NVLA recently joined the opposition to the proposed broker legislation in New York. Our legal and legislative counsel, Sloan Schickler, breaks down the potential ramifications of the bill.

Kontos Kommentary
Chief Economist of KAR Auction Services, Tom Kontos, lends insight into the spring used car market conditions.


National Vehicle Leasing Association
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