Manheim Conference Call Part 2.  An imaginary flower shop and the irony in the reported used vehicle decline (that the “solution” may be causing the “problem.”)     

Yesterday I said Manheim’s chief economist referred to the new vehicle sales environment as easier to address than the used vehicle environment.  The reason he said that the used vehicle sales environment is more difficult to discuss is not because it is less predictable, “it is more predictable” he said.  But the problem comes in trying to figure out what the prior year used vehicle sales really were.

You see today’s opening quote. 

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