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Industry News and Trends · Jan 30th, 2025
The fleet leasing industry is constantly changing. New technologies, economic shifts, and evolving client needs keep things dynamic. In this environment, industry thought leaders are needed more than ever.
Today we sat down with Kirk Browning, President of 1st Source Bank’s Vehicle Fleet Financing Division. Kirk’s recent election to the National Vehicle Leasing Association (NVLA) Board brings his expertise and a forward-thinking approach to the forefront. We’ll chat about the future of vehicle leasing in a moment, but first, what drove him to take on this new role?
Well, it all started with a nudge from a trusted colleague. As Browning explains, “1st Source Bank’s equipment finance group head, Chris Craft, is a tremendous advocate of NVLA, and has always encouraged me to reinvest in the vehicle leasing industry—an industry that is so integral to our bank and to me personally.” This encouragement, combined with Browning’s passion for the industry, motivated him to take on this leadership role.
He adds, “I’ve always been blown away by the quality content of the presentations and the tight-knit group of industry leaders who promote the industry and engage the member community.” The NVLA serves as a central hub, providing a platform for networking, education, and staying ahead of the curve. From their LeaseWire publication to informative webinars and the annual conference, the NVLA focuses on delivering the latest trends and best practices.
This focus is particularly important given the complex web of challenges businesses face. Consider the impact of fluctuating interest rates on leasing agreements, the rapid advancements in electric vehicle technology and charging infrastructure, and the potential impact of new tax regulations on fleet management strategies. These factors create a pressing need for up-to-date information and guidance.
Kirk says, “As industry leaders, it is our duty to stay abreast of the industry segments we serve, to better understand our markets and help educate clients in a rapidly evolving business environment, influenced by ever-increasing geopolitical events.” This isn’t just about reading the headlines; it’s about understanding the complex interplay of these factors and their impact.
This involves not only maintaining high quality content but also seeking focused membership growth. This starts by increasing awareness of the NVLA’s offerings—from cutting-edge educational resources and expert-led workshops to invaluable networking opportunities and industry-specific publications. As the NVLA attracts a wider audience of professionals, the members become a more robust and dynamic community, each with a unique perspective and knowledge to share.
“Feedback is a gift. Solicit feedback from all members and welcome constructive ideas or suggestions, that contribute to the continuous improvement of the evolving vehicle leasing industry. The success of any organization is solely dependent on the strength of the team.“
Kirk Browning’s election to the NVLA Board marks an exciting new chapter for both him and the association. His expertise, combined with his dedication to the industry, makes him a valuable asset. And as the fleet leasing landscape continues to evolve, leaders like Browning—who prioritize collaboration, knowledge sharing, and forward-thinking strategies—will be instrumental in shaping its future.
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