Bloomberg Intelligence's Kevin Tynan attended the VADA Annual Convention this week in Asheville, N.C. and spoke to dealers from both Virginia and Kentucky. He lays out the case for why declining volume and inventory isn't a result entirely of the pandemic. In fact, he says, it's "orchestrated by the manufacturer." And there may be no going back. Note: During the session, Kevin showed a presentation with various charts and graphs. If you are able and care to do so, you can follow along on the podcast and the presentation by viewing or downloading it here. If you are not able to view the presentation, Kevin nonetheless does a great job of explaining the context of each slide so that you are still able to follow along.