me kevin here most of twitter is up in arms right now over inflation mostly things like let's go brandon dems voted for this prices will keep going up and hmm weird corporate profits are at all-time highs yet wages are not and while it's true that uh corporate uh prices and pro corporate profit taking are at all-time highs and a lot of this is happening under biden's watch we are starting to see a shift that the mainstream media is blind to right now you've got folks on the left making excuses for why inflation is what it is and you've got folks on the right like fox news reporting that NUMBER_TOKEN of americans are unhappy with the state of the economy but what is the inflection that we're seeing right now well let's talk about that quick note this video is brought to you by titan but more on them in a moment in the meantime you can always check out the link in the description down below next to the courses with the programs and coupon codes for building your wealth okay first inflection point that we need to pay attention to the manheim used vehicle report now if we first look at the manheim used vehicle report we're and a lot of folks do this and this is one of the problems with unfortunately mainstream media is the headline indicates that prices for used cars are still going up and when we look at this headline we think to ourselves okay well as expected prices are continuing to go up inflation is still here what else is new nothing manheim used vehicle price index going up but when we actually look under the curtain of what's happening we learn a whole lot more and this is something that's very very important we always want to find inflection points take a look at this this is the index we look at it here like oh no straight up continuing up but this little circle there covers what's actually going on and it's another inflection point that's really important to pay attention to here's a summary of the manheim and its inflection point we saw weekly price declines in december that actually accelerated in the final weeks of the month the three-year-old index declined NUMBER_TOKEN percent those are for three-year-old vehicles these are things like ford f-NUMBER_TOKENs uh corolla some of the most popular vehicles and they all saw all of them saw declines in prices of NUMBER_TOKEN percent year over year we're still up there's no doubt about that but market prices were lower than last month and average daily sales conversions declined to NUMBER_TOKEN indicating that we nearly have a balance between buyers and sellers in the market as opposed to a big unbalanced to one side which was many more buyers and not enough sellers we're getting to a balanced point again as a result more vehicles are showing price depreciation again year over year all of them saw price increases with vans having the best performance and prices going up but according to cox automotive total u.s vehicle sales were actually down four percent year over year in december and retail supply which peaked in april of NUMBER_TOKEN at NUMBER_TOKEN days ended at NUMBER_TOKEN days just uh now slightly above normal levels which means we're finally building supply again where we've been having these shortages and this is helping drive vehicle prices at least temporarily to the downside especially worth noting that the inflection point is accelerating or this this change is accelerating or has accelerated towards the end of december that is
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