AADA Legislative Update After convening for a little more than three months, the General Assembly adjourned sine die on May 5. AADA entered the legislative session with an incredibly aggressive plan, and overall, we were very successful. We cannot thank each dealer enough for their work in making AADA a strong force at the Capitol. AADA LEGISLATIVE PACKAGE Lease Reform A key victory for AADA this session was the comprehensive lease reform bill we were able to pass. This legislation will be critical for dealers moving forward, especially as vehicle prices continue to rise and EVs continue to sit on lots. The need for lease reform was obvious: 1. Currently Arkansas is not competitive for leasing vehicles, with the lowest lease penetration rate in the country. 2. EVs are a more attractive lease option for some consumers. 3. Vehicle prices are extremely high. 6 Arkansas Auto Dealer
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