07/05/2020 | Issue 6

Welcome NVLA's New President, Doug Moore
I half expected to experience some new aspect of self-awareness at 12:01 AM July 1, 2019 as the mantle automatically passed from NVLA Past President Ed Kaye to me, the newbie. The transfer happened without me being profoundly aware that it had. What I am truly aware of is the outstanding legacy that Ed and other past presidents have left to our membership. I have learned so much from him and the other board members and am proud to call them all friends. Their dedication and selfless service to NVLA have set a high standard to meet.

Since its inception, the vehicle leasing industry has evolved and grown stronger through, and sometimes in spite of, constant change. Whatever challenges we have faced as an industry, the NVLA has brought us together as fellow lessors and industry supporters to innovate and develop practical solutions.

In fact, a situation occurred just last month when our legal and legislative counsel, Sloan Schickler, rang the alarm, notifying us all that the New York Legislature was about to vote on a bill regulating automobile brokers that, if passed, could seriously affect some of our members. Our president, executive director and board of directors were immediately on it; we joined the opposition to the bill, and we communicated this to critical individuals. Fortunately, the bill died before any vote. However, we will remain vigilant on this issue and others.

This is only one example of why NVLA is as relevant today as it was at its inception over fifty years ago. Our industry needs the voice and influence of NVLA and our programs.

I look forward to working with our committees and board members, as well as Mike Mathy, our outstanding executive director, and his well-qualified and capable staff. Everyone is pleased to hear that Ken Sopp has agreed to continue as chairman for our next conference. Mark your calendars: March 25 – 27, 2020 in Austin, TX.

I urge you to become involved with your industry association. We need your talent and perseverance to help us find answers to the issues we face. Part of your reward will be to work alongside some of the hardest working individuals and the brightest minds in North America. I invit
e you to be a part of creating our shared future!


John Possumato, Esq. of DriveItAway Talks Vehicle Subscriptions for Traditional Lessors

By John F. Possumato, NVLA 2019 Conference Speaker and long-time industry veteran

NVLA Member Spotlight
NVLA Affinity Program - SiriusXM
NVLA is pleased to introduce one of our newest Affinity Programs and associate members, Sid Patnaik of SiriusXM.
Banker's Corner - Signature Financial
NVLA sat down with Steven Jason of Signature Financial, and he shared his funding advice for NVLA members.
Kontos Kommentary

The 2019 spring/tax season used vehicle market came to an end appropriately in June, as average wholesale prices fell on a month-over-month basis, although they were up year-over-year.  Solid retail used vehicle sales again provided demand-side support for wholesale values.


National Vehicle Leasing Association
N83 W13410 Leon Road
Menomonee Falls, Wisconsin 53051
United States | 414-533-3300


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