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Best post I've read on the forum in a long time [USER=648]@Dan Sayer[/USER]. You smoked it over the fence.Averaging anything with a dissimilar data set leads to a false conclusion. I've been talking about this a lot with dealers lately. Many sacrifice gross by relying on the same wide datasets and simple averages to determine a listing price and potential days on lot for used too.You quoted Sinek, so I thought I'd share a few quotes that I have loosely paraphrased in those discussions with dealers to help point out the problem with a simple average. The third is funny, but admittedly more [USER=2]@Alex Snyder[/USER]'s speed. Hope they help you or your team.I abhor averages. I like the individual case. A man may have six meals one day and none the next, making an average of three meals per day, but that is not a good way to live. ~Louis D. BrandeisSay you were standing with one foot in the oven and one foot in an ice bucket. According to the percentage people, you should be perfectly comfortable. ~Bobby Bragan, 1963The average human has one breast and one testicle. ~Des McHale
Best post I've read on the forum in a long time [USER=648]@Dan Sayer[/USER]. You smoked it over the fence.
Averaging anything with a dissimilar data set leads to a false conclusion. I've been talking about this a lot with dealers lately. Many sacrifice gross by relying on the same wide datasets and simple averages to determine a listing price and potential days on lot for used too.
You quoted Sinek, so I thought I'd share a few quotes that I have loosely paraphrased in those discussions with dealers to help point out the problem with a simple average. The third is funny, but admittedly more [USER=2]@Alex Snyder[/USER]'s speed. Hope they help you or your team.
I abhor averages. I like the individual case. A man may have six meals one day and none the next, making an average of three meals per day, but that is not a good way to live. ~Louis D. Brandeis
Say you were standing with one foot in the oven and one foot in an ice bucket. According to the percentage people, you should be perfectly comfortable. ~Bobby Bragan, 1963
The average human has one breast and one testicle. ~Des McHale