Speaker 1: I'm Matt Miller and I'm Hannah Elliott and this is
Speaker 1: Hot for.
Speaker 2: Suit, all right, So this is a pretty special edition
Speaker 2: because you are at Monterey Car Week, Carmel, California, Pebble Beach.
Speaker 2: They're like so many places, but it's all the same thing.
Speaker 1: Yeah, it's really confusing. Someone was asking me, so, where
Speaker 1: actually is it because people use a bunch of different
Speaker 1: words to describe the same thing. But I'm physically in uh, Monterey, California,
Speaker 1: which is basically Carmel, which is basically Pebble Beach.
Speaker 2: And you know, when we were young reporters, the Detroit
Speaker 2: Car Show was the main event, and or maybe Paris
Speaker 2: and Geneva for you, but those car shows are no
Speaker 2: longer a draw like at all, right, and this has
Speaker 2: become the most important event, even for new cars.
Speaker 1: It's really interesting this So I was trying to think,
Speaker 1: I think this is my fifteenth year coming to Pebble Beach,
Speaker 1: to the Concord delegons into this whole week which has
Speaker 1: turned into a week of car things. And yeah, it's
Speaker 1: like I would say, since twenty seventeen, twenty sixteen, twenty seventeen,
Speaker 1: twenty eighteen, the news cycle surrounding Pebble Beach is like
Speaker 1: a car show, and especially since the coronavirus pandemic, when
Speaker 1: you know, no one could travel, and sort of everyone realized, well,
Speaker 1: we don't have to adhere to any sort of automotive
Speaker 1: car calendar schedule. We can put things out whenever we want.
Speaker 1: Pebble Beach and the events around it, Monterey Carweek has
Speaker 1: just become sort of the headlining car show for lack
Speaker 1: of a better word, for new cars, for concepts, for hypercars,
Speaker 1: for BMW's, for Portia's you know, if there's you know.
Speaker 1: And the funny thing is all of the car executives
Speaker 1: come here. Now. They may not go to every automotive
Speaker 1: show that we I mean, I guess we kind of
Speaker 1: have the La Auto Show still, they don't even come
Speaker 1: to that, but they all want to come to Pebble
Speaker 1: Beach and to mono a car Week in August because
Speaker 1: it's a really nice place to be. It certainly beats
Speaker 1: sitting in the back of a you know, boardroom and
Speaker 1: a convention hall under those fluorescent lights. But also the
Speaker 1: whole vibe has completely changed from just old cars, and
Speaker 1: there are lots of those, of course, and the auctions,
Speaker 1: but we've got a lot of new stuff too, So
Speaker 1: it's it's really fun, it's it's really intense. You kind
Speaker 1: of got to pick where you want to be and
Speaker 1: stick to it, all right, So let's.
Speaker 2: Let's pick that apart a little bit and talk about
Speaker 2: the events. I want to hear about the auctions and
Speaker 2: the Concord elegance, but first the the new vehicles. You know,
Speaker 2: I remember when you were there last year. I think
Speaker 2: Lamborghini was showing the Lanzador and.
Speaker 1: What uh maybe a Revelt overview as a reveal as well,
Speaker 1: or no, I that might have been.
Speaker 2: I don't recall that there, but I know that you've
Speaker 2: driven that car now and I want to hear a
Speaker 2: little bit about that. And I remember there were also
Speaker 2: some normal car brands, like Infinity was showing, you know,
Speaker 2: a new vehicle last year totally.
Speaker 1: Well, this year, Infinity is showing their new generation, next
Speaker 1: generation QX eighty, Lincoln is showing the new navigator. You know,
Speaker 1: Accurate is showing a very exciting concept electric vehicle. So
Speaker 1: you know, it's really interesting and it really is a mix.
Speaker 1: It's not just hypercars. Of course, those are what make
Speaker 1: the headlines, but you know Cadillacs here. I don't know
Speaker 1: about Ford. I'd have to check on that, but yeah,
Speaker 1: it really is a range and I like that, you know,
Speaker 1: more and more, it's it doesn't have to be. Some
Speaker 1: of the events are expensive, but some of them are free,
Speaker 1: and if you're in the area at all, you're going
Speaker 1: to see a bunch of things for free. The access
Speaker 1: is actually pretty great.
Speaker 2: Do you get to drive multiple different vehicles or you
Speaker 2: just you know, does Lamborghini give you the Revuelto and
Speaker 2: that's your ride for the week.
Speaker 1: You know, I'm very grateful for this week because I
Speaker 1: do get to drive a number of things. I drove
Speaker 1: the Rabwelto up here from Los Angeles yesterday, which this
Speaker 1: is the hybrid Lamborghini. It's the starting price is over
Speaker 1: six hundred thousand dollars and my goodness, it's a wild,
Speaker 1: wild car. Let me tell you.
Speaker 2: It's the advent of door successor, right, So it is
Speaker 2: their flagship V twelve just has an electric motor as well,
Speaker 2: and it costs a lot more than the eventa or
Speaker 2: did just to start.
Speaker 1: Yes, and it's really interesting because Lamborghini here is going
Speaker 1: to be unveiling the Hurricane Successor which will also be
Speaker 1: a hybrid, and they're showing their hybrid ars, so this
Speaker 1: is basically Lamborghini saying, you know, we're going all in
Speaker 1: all hybrid. We are not doing EVS, They're sticking with
Speaker 1: the hybrid thing. And so I was really curious about
Speaker 1: the Roguelto and it's really interesting. I have to say,
Speaker 1: even this morning, I drove it up to a breakfast
Speaker 1: sort of up at a ranch, and I love the
Speaker 1: fact that you can turn out that car and drive
Speaker 1: it out of a parking lot and not wake anybody up.
Speaker 1: I mean, because it's in electric mode. So the whole
Speaker 1: of course with Lamborghini is you know, they're so loud.
Speaker 1: The engines are just really really roaring and poppy and
Speaker 1: crunchy and all of the things that we love. But
Speaker 1: it's kind of cool to have one that you can
Speaker 1: have this stealth mode so that you can pull out
Speaker 1: of a parking lot in the early morning, in the
Speaker 1: fog and no one's gonna hear, and no one's going
Speaker 1: to know. I actually really liked that. I thought that
Speaker 1: was very cool.
Speaker 2: I feel like it's fair to expect.
Speaker 1: Yeah, yeah, I have to say, this morning, on the
Speaker 1: way back from that, I filled it up for the
Speaker 1: fourth time already, so the fuel efficiency is not one
Speaker 1: of the high points on it. And I got the
Speaker 1: car yesterday and we're on our fourth tank, so fuel
Speaker 1: efficiency is not great in that car, but it certainly
Speaker 1: is really fun to drive. And then on the way back,
Speaker 1: I'll just be driving the Ferrari sub the Pro Song
Speaker 1: that a seem discussed. Oh but here's why I'm excited
Speaker 1: about that, actually, because the Rivelto does not have very
Speaker 1: much luggage space, and so it really was a challenge
Speaker 1: to fit clothing and hats and boots and coats for
Speaker 1: a week into that car. Now I did pull it off,
Speaker 1: but the Pro Song will at least will have a
Speaker 1: little bit more room.
Speaker 2: So you and Magnus and all your stuff, or did
Speaker 2: you take two cars?
Speaker 1: Yeah? Well, actually I have to tell you Magnus is
Speaker 1: showing a car at the Quail and it's his nine
Speaker 1: point thirty Turbo and that car was shipped ahead of time,
Speaker 1: and we actually put his luggage in that car. So
Speaker 1: that's how we made it work because it was actually
Speaker 1: only my luggage on the way up and his luggage
Speaker 1: was in his car that we retrieved once we arrived.
Speaker 1: So it did help to have that car.
Speaker 2: I want to get to that. I want to get
Speaker 2: to that in a second. But I know that you
Speaker 2: have already been pulled over by the police. I don't
Speaker 2: know any of the details of this story, so I'm
Speaker 2: excited to hear. But I know like airplanes and helicopters
Speaker 2: are involved. I saw Magnus sent me a picture, texted
Speaker 2: me a picture of like the police in the year.
Speaker 1: All right, well, here's what happened. We you know, we
Speaker 1: leave la uh and I'm being careful and I'm going
Speaker 1: I'm I've made this drive, not fifteen years, because I've
Speaker 1: done other things, but you know, I've made the drive
Speaker 1: many times, and I have been pulled over before. And intellectually,
Speaker 1: I know the guys are out this week. They've got
Speaker 1: their quotas to make, They've got their budgets to make.
Speaker 1: The guys, the chippys are out and they're gonna be
Speaker 1: on the hunt. I know this, And I even say
Speaker 1: to Magnus, I'm not going over ninety. I don't care
Speaker 1: who's passing me trying to get this. You know, it's
Speaker 1: an expensive, very flashy Lamborghini.
Speaker 2: I said, you want to right everybody?
Speaker 1: Yeah, completely They're all all around the car taking photos,
Speaker 1: and I said to them, I'm not going over ninety
Speaker 1: I said it, and you know I was. I was
Speaker 1: cruising it, you know, less than ninety, being passed considerably.
Speaker 1: And then I discover accidentally that under the hybrid drive
Speaker 1: mode on the Rivelto, it limits you to ninety three
Speaker 1: miles per hour. That's just in a certain drive mode.
Speaker 1: You can switch out of that drive mode and obviously
Speaker 1: go quite a bit faster, but the drive mode I
Speaker 1: was in, I actually I found out, Oh I'm flooring
Speaker 1: it right now and I'm only going ninety three because
Speaker 1: it's electronically limiting me. So of course I switch out
Speaker 1: of that mode because who likes to be hamped? No
Speaker 1: one wants to have it nanny, Oh, you can't put
Speaker 1: a saddle on a Mustang. So I just switch out
Speaker 1: of that mode without you know, thinking about it. And
Speaker 1: you know, the car feels great. And I have to say,
Speaker 1: this is one of those cars that the faster you go,
Speaker 1: the better it feels. And you know, we took the
Speaker 1: highway one up to up to Monterey is closed. It's
Speaker 1: it's under repair. So we're inland. We're taking the inland
Speaker 1: straight shot up. It's like three hundred and twenty miles.
Speaker 1: It's through one hundred mile a one hundred, one hundred
Speaker 1: degree temperatures. It's really hot. But it's just a flat,
Speaker 1: big open highway. It's a divided highway, so you just
Speaker 1: have three lanes, big, flat, wide open, and the car's
Speaker 1: just feeling so great, and you know, we're talking about
Speaker 1: Alex Roy and how incredible it was that he made
Speaker 1: his cannonball run across the country, and you know, of course,
Speaker 1: it's like I'm driving and I'm like, wow, he really
Speaker 1: maintained the speed and he did it, and you know,
Speaker 1: it's in the back of my head, and you know,
Speaker 1: we stop for lunch and everything's great, and you know,
Speaker 1: we get back in the car. We stop in Pasa
Speaker 1: Robles and which is about one hundred and twenty miles
Speaker 1: away from an Array, and we map it the rest
Speaker 1: of the way, and Magnus at one point goes, oh,
Speaker 1: you're making really good time. You've cut off, you know,
Speaker 1: two or three minutes from our estimated arrival time.
Speaker 2: It's a challenge.
Speaker 1: I'm not blaming that on him. That's not his fault.
Speaker 1: I was the one driving. I take full responsibility, but
Speaker 1: that was in the back of my head and the
Speaker 1: cars just feeling great. Before I know it, there's someone
Speaker 1: behind me with a loud siren and some lights going
Speaker 1: and you know, I didn't even see him. And I'm
Speaker 1: not going to say how fast.
Speaker 2: I was going, just to paint a better picture. You're
Speaker 2: in like a flat black like a flying saucer. Essentially,
Speaker 2: is what this thing looks looks like?
Speaker 1: Yes, it's it looks like and it's like a bat.
Speaker 1: It literally looks like a bat. It's it's like an
Speaker 1: event to door, all blacked out, but even lower and
Speaker 1: more aggressive. And I didn't even I literally didn't even
Speaker 1: see and he pulled, you know, license and registration and
Speaker 1: uh Magnus actually said how did you clock the speed?
Speaker 1: And the cop said, well, I visually estimated your speed
Speaker 1: and then I got you on the radar at something
Speaker 1: different and he had been going in on the opposite
Speaker 1: direction and he came up behind me. He flipped around,
Speaker 1: he did a U turn, flipped around, and then got
Speaker 1: or oh he was in some charger challengers style. Yeah,
Speaker 1: so you know, I said, hey, it's a press car
Speaker 1: because I knew he was going to check the license
Speaker 1: and registration. He goes, I know, I know I could
Speaker 1: see from the plate, so he's well aware of what's
Speaker 1: going on. Nice enough guy, and he basically just said, uh, well,
Speaker 1: I'm going to write you up for this speed. If
Speaker 1: it was a mile higher, the consequences would have been
Speaker 1: quite a bit worse. But you know, I said, thank
Speaker 1: you very much, officer. Of course, will be very careful.
Speaker 1: I'll let all my friends know that you and your
Speaker 1: fellow law enforcement officials are out today. And it's this
Speaker 1: sounds bad, but there was nothing reckless about it. You know,
Speaker 1: it's wide open road. I just didn't see him. And
Speaker 1: there's a speed.
Speaker 2: Limit there, right, because I know in a lot of
Speaker 2: the west there is.
Speaker 1: Yeah, the speed limit. The posted speed limit was seventy
Speaker 1: So yeah, so that happened. And he did say, oh,
Speaker 1: by the way, you know, we've got I think he said,
Speaker 1: two helicopters and three planes. There was three planes and
Speaker 1: or three helicopters and two planes up this week monitoring.
Speaker 1: So and you know, this was in King King City,
Speaker 1: near King City, so they're pretty well known for pulling
Speaker 1: people over.
Speaker 2: I don't know why the law enforcement, though, wants to
Speaker 2: do full court press when they know that there's gonna
Speaker 2: be a lot of people and flashy cars that want
Speaker 2: to test them out. It's a fun week, you know, you'y.
Speaker 1: And you know it was not reckless driving. It was I.
Speaker 2: Totally understand you're on an open highway, three lanes, no track.
Speaker 1: I was not changing lanes. I was just going bombing
Speaker 1: straight down the middle, So you know, I understandably, I
Speaker 1: of course I respect law enforcement, but I blame it
Speaker 1: on the car because that car is unbelievable and I
Speaker 1: was just cruising. I was actually genuinely surprised when I
Speaker 1: heard them behind me. It just feels so comfortable and easy.
Speaker 1: It just feels like you're cruising. And I've been, you know,
Speaker 1: on tracks before. There was no effort at all involved
Speaker 1: in hitting that type of speed. So my point is,
Speaker 1: if you do find yourself lucky enough to buy this
Speaker 1: wonderful machine, you should probably add a line item in
Speaker 1: your budget for tickets because it's just too easy to
Speaker 1: drive really quickly.
Speaker 2: So I have learned over the past few years that
Speaker 2: in America, you know, when you get a speeding ticket,
Speaker 2: you get you had the fine, but you also have
Speaker 2: the points, and if you can afford the fine, then
Speaker 2: it's the points that really annoy you because you're in
Speaker 2: danger of losing your license, which for you is kind
Speaker 2: of like losing your livelihood. So and for me too.
Speaker 2: So what I do is I always find local lawyers
Speaker 2: who are sort of friends of the bar, right. And
Speaker 2: if you get a local lawyer, usually for depending where
Speaker 2: you are, two for six hundred dollars, they essentially get
Speaker 2: you a fine only no points. I think Matt Ferro
Speaker 2: on his podcast like it's sponsored by one of those things.
Speaker 2: So do you go and find a lawyer straight away?
Speaker 1: I haven't been able to do that quite yet. Currently,
Speaker 1: knock on wood, I don't have any points on my
Speaker 1: California license, so I would like to keep it that way.
Speaker 1: And yes, I will be exploring that. I'm pretty it's
Speaker 1: just so funny because I am I'm not a fast
Speaker 1: driver necessarily. It's a job hazard and you know, I
Speaker 1: have to test the car to its abilities, you know,
Speaker 1: I have to test the car to its fullest extent.
Speaker 1: So this is in the line of duty.
Speaker 2: Well, you've taken one for the team. We really appreciate it, Hannah.
Speaker 2: Thank you all right. So that's awesome and I can't
Speaker 2: wait to see the car. I really haven't besides on
Speaker 2: the internet, I haven't really seen it. So you'll you'll
Speaker 2: drive the Ferrari suv back, which also has a twelve
Speaker 2: cylinder motor. And yes, and it is also going to
Speaker 2: be pretty easy in terms of the acceleration and top speed,
Speaker 2: but you'll be.
Speaker 1: More careful the rest of the way to Mono Ray.
Speaker 1: I think I drove sixty three to sixty five miles
Speaker 1: an hour, which is basically limp mode in a Lamborghini.
Speaker 1: I mean I was literally people were looking at me
Speaker 1: like are you okay? I mean I was under sixty
Speaker 1: five for sure. So on the way back I will
Speaker 1: be extremely slow, unfortunately. But Oh, what I was going
Speaker 1: to say is, you know, there is something to be
Speaker 1: said for driving these slow old cars like these rolls royces.
Speaker 1: I drive at home because you can't drive fast if
Speaker 1: you want to. It's really true. There is something for
Speaker 1: everyone here, you know, if you like muscle cars, if
Speaker 1: you like corvettes. I don't know about the truck and
Speaker 1: the band culture. Yeah, I haven't seen too many trucks
Speaker 1: and vans yet, but you never know. There's just something
Speaker 1: for everyone. Oh, on the way up to and this
Speaker 1: was really cool cool. We saw it looked like a
Speaker 1: model T. But we saw these two dudes on the
Speaker 1: highway going about fifty in what looked like some sort
Speaker 1: of model T car, obviously on their way up here,
Speaker 1: just enjoying life, not getting tickets. It looked great. So
Speaker 1: there really, yeah, there really is something for everyone. And
Speaker 1: I definitely think, you know, for the people who find
Speaker 1: their way here, you make friends so fast with like
Speaker 1: minded individuals and you kind of never know what you're
Speaker 1: going to end up being able to drive. You know,
Speaker 1: if you're just kind of a friendly, chatty person. I mean,
Speaker 1: you would kill Matt up here because everyone wants to
Speaker 1: show their car, share their car, talk about their car.
Speaker 1: It really is a really nice thing. And we were
Speaker 1: at a dinner last night, and you know, Sir Michael Kadori,
Speaker 1: who owns the Quail and Peninsula hotels in Hong Kong
Speaker 1: and around Asia, he gave this really nice toast about how,
Speaker 1: you know, in a moment where it seems that there
Speaker 1: are a lot of divisions in the world and especially
Speaker 1: in the US right now, it's nice to have a
Speaker 1: week where you feel that you can connect with all
Speaker 1: different types of people around the love of a car
Speaker 1: and they're around the love of motorsport. And he did
Speaker 1: have a really nice point. You know, it's it's certainly
Speaker 1: a privileged place to be in, but in a way
Speaker 1: it is very equalizing because the cars really are a
Speaker 1: common bond.
Speaker 2: I would say, forgive my ignorance. But the Quail is
Speaker 2: that a resort or what is that?
Speaker 1: The Quail is a golf club also very close to Carmel,
Speaker 1: and it's it's also a car show. So on Friday,
Speaker 1: a lot of the new car debuts are happening at
Speaker 1: a car show called the Quail, which is you know,
Speaker 1: the Pebble Beach Car Show is Sunday, that's only old cars.
Speaker 1: That's just basically a beauty contest for cars. The Quail,
Speaker 1: which is another car show that's happening on Friday. That's
Speaker 1: where all the new car debuts happen, and that is
Speaker 1: on the grounds of the Quail hotel and lodge and
Speaker 1: golf course.
Speaker 2: You know, it's weird the so that's cool and good
Speaker 2: to know, thank you. The sl is the Mercedes sports car.
Speaker 2: I think the gull wing was probably the first iteration
Speaker 2: of it, right, that's so famous. Everyone knows that one
Speaker 2: and now I just test drove the AMG sixty three
Speaker 2: that the new convertible version, but of SL stands for
Speaker 2: sport Leicht, so it's a small sports car. And so
Speaker 2: it's weird that my Bock. Why would there be a
Speaker 2: my Boch version of the sport Leiched Doesn't it seem strange?
Speaker 1: It's a great question, Matt Miller. I think because there's
Speaker 1: money to be made. Yeah, you know, no, I mean
Speaker 1: I'm laughing because you're asking the obvious question, which is
Speaker 1: so true. And this my Boch SL is actually heavier
Speaker 1: than the AMG SL because it has more systems to
Speaker 1: make it a bit of a soft to ride, a
Speaker 1: more comfortable ride. But obviously Mercedes has brought back the
Speaker 1: my Box brand and it's been a little bit spotty,
Speaker 1: you know, remember like the my Box from the early
Speaker 1: two thousands that like jay Z and Conehatan. So it's
Speaker 1: been a little bit spotty. But I think they might
Speaker 1: have hit their stride now, like remember the Virgil Ablow
Speaker 1: concepts that came out, and my Box is basically potential
Speaker 1: to have very wealthy people create very outrageous designs on
Speaker 1: their car. So this this SL, as you rightfully point out,
Speaker 1: I think it's all about these crazy design and aesthetics.
Speaker 1: Like this car in particular, it's got a black hood.
Speaker 1: It only comes with a white interior only, which has
Speaker 1: this floral stitching on the seats. There are my Bock
Speaker 1: logos just printed everywhere on the car. It's just an
Speaker 1: opportunity for people to spend money on making something that
Speaker 1: feels rare and exclusive by they.
Speaker 2: Speaking of heavy sports cars, I spent the last week
Speaker 2: in the Jaguar F Type R, which is a car
Speaker 2: I don't think they've changed the design for like a decade,
Speaker 2: right either. I don't even think they updated the interior,
Speaker 2: even though they've updated the interior of the F Pace.
Speaker 2: But I found after a while it is you know,
Speaker 2: it's a heavy convertible. It's more of a grand tour
Speaker 2: than a sports car. I really liked it. And it's
Speaker 2: all about that old supercharged five liter motor. Yeah, they
Speaker 2: just don't need to change anything.
Speaker 1: I remember really liking that car when it came out
Speaker 1: and thinking it was a lot of car for the
Speaker 1: money and really nice value and really a pretty car.
Speaker 1: And yeah, you're right, it's like what's going on a Jaguar.
Speaker 1: I mean, let's see something new land Rover this year
Speaker 1: at Pebble Beach. Actually land Rover is showing a new
Speaker 1: version of something that already exists, and then the Queen's Defenders,
Speaker 1: but there's nothing from Jag and it. And to your point,
Speaker 1: I think the F type is a great car and
Speaker 1: it would be nice to see more.
Speaker 2: Yeah, I think they could do more with it. But
Speaker 2: I just thought, I mean, I guess it's it's a
Speaker 2: better price point than in Aston Martin, so compared to
Speaker 2: like the dB twelve that we drove, I think it's
Speaker 2: just so much better value for money. But it does
Speaker 2: beg the question like what happened to that brand? What?
Speaker 2: What are they doing? Is it gonna shut down? Are
Speaker 2: they going to sell it?
Speaker 1: You know, when I when I reach out, as I
Speaker 1: recently did going into this show and said, you know,
Speaker 1: what's going on with both brands, I just get an
Speaker 1: answer for for land Rover, for Jail for land JLR
Speaker 1: is basically now land Rover. So I don't I don't know.
Speaker 1: It's it's it's weird, you know, It's like when brands
Speaker 1: go away, like we were talking about Dodge the other week.
Speaker 1: You know, it's it's weird when a brand that has
Speaker 1: so much awareness behind it and a lot of history,
Speaker 1: history and heritage kind of goes dormant.
Speaker 2: Now Dodge does have finally the new charger out the
Speaker 2: electric muscle car. Maybe you'll see that.
Speaker 1: Actually is that actually out?
Speaker 2: It's actually it's actually out. They've they've been showing it,
Speaker 2: they've been driving it. I think the straight pipes, I know,
Speaker 2: the straight pipes have have been behind the wheel. I
Speaker 2: love those Canadian you know YouTubers. And maybe you'll see
Speaker 2: it at the Quail on Friday. Is there anything else
Speaker 2: at the Quail that you're excited to see? Or do
Speaker 2: we move on to the Queen's land Rover, m any
Speaker 2: other new car releases or I saw like Spike Ferriston
Speaker 2: posted a picture of some strange looking Porsche at the Lax,
Speaker 2: but I think it was like a Tuthill sort of
Speaker 2: massage version.
Speaker 1: But well, speaking of Porsche, Porsche's gonna show there a
Speaker 1: nine to eleven fiftieth year anniversary version, and I don't
Speaker 1: really know any more details than this. We're recording before
Speaker 1: the car debut, so it's they're going to make nineteen
Speaker 1: hundred and seventy four of them, which of course is
Speaker 1: the fifty year anniversary, but it's some turbo fifty year
Speaker 1: anniversary version.
Speaker 2: Ah well, isn't that the nine thirty. Isn't that why
Speaker 2: Magnus has the nine thirty there?
Speaker 1: Yeah, yes, but that's that's unrelated to the debut. I
Speaker 1: mean it's fifty years. So yeah, there's a lot of
Speaker 1: like celebration around the nine thirty. But Porsche specifically is
Speaker 1: bringing out some new special version of their modern nine
Speaker 1: to eleven to celebrate that. Also, you know, Roof is
Speaker 1: going to be showing. I think they're calling it the
Speaker 1: Roof Rodeo, which is an off road sort of stylized
Speaker 1: version of their take on a Porsche car, and the
Speaker 1: interiors are sort of inspired by Ralph Laurenbrel, sort of
Speaker 1: a Western look. So I'm actually excited to see what
Speaker 1: that looks like in real laughing, I haven't seen that.
Speaker 2: I hear so many. By the way, I grew up
Speaker 2: reading about the Roof nine to eleven, and I thought,
Speaker 2: as a kid with the Road and Track magazine that
Speaker 2: it was rough. That was before I moved to Germany.
Speaker 2: But double RL, I will say, as just in aside, Well,
Speaker 2: they nail the look, but they totally flunk the quality,
Speaker 2: so they have the look of like American traditional workwear
Speaker 2: with the Japanese do right. The Japanese like the real
Speaker 2: McCoy and Toys, McCoy's and all those guys. They do
Speaker 2: a great job of it, and Double RL gets the
Speaker 2: look right, but the quality is just horrendous for the price.
Speaker 1: Are you speaking specifically about their leather jackets, because I
Speaker 1: know you're quite leather.
Speaker 2: Jackets, the jeans, the shirts, everything. You know, it's a
Speaker 2: whole kind of vibe that the Japanese have been doing
Speaker 2: well since basically, the Japanese bought all the machines that
Speaker 2: we used to use to make traditional clothing after World
Speaker 2: War Two, and then you know, now we use newer,
Speaker 2: modern manufacturing techniques that make much cheaper, more disposable clothing,
Speaker 2: and the Japanese like these few brands, they like buzz
Speaker 2: ricks and they do it right. And so the Double
Speaker 2: RL is kind of trying to bite that style in
Speaker 2: a sense, but they don't use the right stuff to
Speaker 2: do it with, you know, And that's just a little
Speaker 2: pet peeve of mine. You mentioned the Queen's land Rovers,
Speaker 2: and I think you mean the actual queen, like her
Speaker 2: actual cars, right, This.
Speaker 1: Is kind of cool. So land Rover is bringing over
Speaker 1: ten Defenders and land Rovers that were owned and operated
Speaker 1: by the Queen herself at like Balmorle and Sandringham. And
Speaker 1: I know, I'm not even sure if I'm saying those
Speaker 1: rights since I'm not British, but at her different country
Speaker 1: estates around the country. Yeah, let's not forget she trained,
Speaker 1: as I believe, a mechanic during the war, so she
Speaker 1: kind of knows her stuff. So yeah, it's very Some
Speaker 1: of them are on loan from the royal family. Some
Speaker 1: were actually owned by private individuals that they're bringing over.
Speaker 1: But I'm actually excited to see those just because they're cool.
Speaker 2: What are the other events? You know, there's the Quail
Speaker 2: on Friday, Pebble Beach on Sunday. I've heard that there's
Speaker 2: actually like racing or at least.
Speaker 1: Like I'm getting my schedule okay, sorry, okay.
Speaker 2: So there's like to what they have like autocross or
Speaker 2: do they have is sears point there? I mean, like
Speaker 2: do you actually have a track?
Speaker 1: Yeah? So Laguna Seka, that Laguna Seca track is just
Speaker 1: over the hill. It's like a fifteen minute drive from
Speaker 1: where I'm sitting right now, and there's racing all week.
Speaker 1: My good friend Eli Cogan's out there right now supporting
Speaker 1: a race team. But it's all vintage racing. Super cool.
Speaker 1: The big day at the races is Saturday, but yeah,
Speaker 1: people are out. Some people come to Monterey Car Week
Speaker 1: and basically just spind it at the track and get
Speaker 1: really sunburned and dehydrated, and it's just it's beinach car
Speaker 1: racing all day, every day. It's super cool. I may
Speaker 1: find my way out there on Saturday. But yeah, so
Speaker 1: there's there's car racing. Let's see. Tonight, I'm going to
Speaker 1: go have a look at we talked about that eccentrica
Speaker 1: Diablo B twelve Resto lot. I'm gonna go, oh yeah that. Yeah,
Speaker 1: so that'll be I'll report back how how good or
Speaker 1: bad that looks. I won't be driving it yet.
Speaker 2: I am going to be interviewing Dave Majors, the CEO
Speaker 2: of Mekam Auctions, and I do have to I'm a
Speaker 2: surprised that Mikam is there because I thought, if this
Speaker 2: is only about the Hoidy Tody, like the Southebys of
Speaker 2: the world.
Speaker 1: So that's a common misconception. I think it more and
Speaker 1: more like, just like I said, you know, there's something
Speaker 1: for everyone.
Speaker 2: I want them to give me the low down on
Speaker 2: like the auction industry right now, because I know it
Speaker 2: was in such flux after Hagardy came in, and I
Speaker 2: don't know what if it's settled or what's the story.
Speaker 1: It will be really interesting to see. I was just
Speaker 1: trying to do some sort of pre research. I was
Speaker 1: reading Simon Kitson's K five hundred analysis newsletter that Stephen
Speaker 1: Wakefield writes, and they basically were saying that this year,
Speaker 1: it looks like the average price of the car being
Speaker 1: sold at auction is up a little bit, but roughly
Speaker 1: the same. Let me just pull up this data because
Speaker 1: I actually wrote it down because it's really good.
Speaker 2: One second, take your time.
Speaker 1: Last year, the auctions had slightly lackluster figures, and we
Speaker 1: can possibly expect the same because it's been sort of
Speaker 1: slower this year to date. But we did see record
Speaker 1: breaking from is in Florida at the Miami auctions. But
Speaker 1: they did say this year, it's interesting, there are about
Speaker 1: six hundred and fifty cars that will be sold. The
Speaker 1: average value of a car being sold this year is
Speaker 1: nine hundred and sixteen thousand dollars per car, which is
Speaker 1: up from eight hundred and eighty seven thousand dollars last year.
Speaker 2: But this is only Monterey Car Week, or this is
Speaker 2: at auction, this.
Speaker 1: Is the Monterey Car Week. This is just this week,
Speaker 1: just this week. The average value per car going on
Speaker 1: sale this week nine hundred and sixteen thousand dollars. Seventeen
Speaker 1: percent of those cars are ferraris, so you know, you
Speaker 1: have a million dollar ferraris that really raises the average.
Speaker 1: But over half of those offerings are at no reserve,
Speaker 1: which is good. And another interesting thing that he pointed
Speaker 1: out is that the average age of cars being sold
Speaker 1: this year is nineteen seventy one. Now last year was
Speaker 1: nineteen six four, So that I think is really interesting
Speaker 1: because it means that we're this is a generational shift.
Speaker 1: We're getting closer and closer to like the coon tashes
Speaker 1: and the cool stuff from the late nineties and early
Speaker 1: two thousands. They also said there are far fewer pre
Speaker 1: war cars offered for sale. That makes sense because things
Speaker 1: are slowly aging up.
Speaker 2: There aren't as many like people have bought them and
Speaker 2: are holding.
Speaker 1: Right exactly exactly, and there are fifty three cars offered
Speaker 1: this year that are valued at three million dollars or more.
Speaker 1: Last year it was forty five cars, So we can
Speaker 1: kind of say that there are going to be more
Speaker 1: big ticket sales this year. Of course, the big unknown
Speaker 1: that everyone's pointing out is this is an election year
Speaker 1: and how does that affect sales? How does that affect
Speaker 1: how people want to spend their money. That's what we
Speaker 1: don't know yet.
Speaker 2: What you mean like because people would otherwise be donating
Speaker 2: to a super pack.
Speaker 1: Maybe or you know, depending on what happens with interest rates,
Speaker 1: it happens with the stock market. People thinking about where
Speaker 1: they want to put their money. I think is the
Speaker 1: is the general like do I want to put it
Speaker 1: in sort of a hard asset like a car, or
Speaker 1: do I want to put it somewhere else cool.
Speaker 2: So you've got the new Car show at the Quail,
Speaker 2: You've got the Old car show, the Concord de Elegans.
Speaker 2: You've got auctions everywhere, like not just.
Speaker 1: Everywhere multiple days. Bottoms is having their auction preview today.
Speaker 1: I'm going to try to hit that later. We will
Speaker 1: have an auction recap on the Monday after so we'll
Speaker 1: have our full analysis of what actually happened and what
Speaker 1: it all means.
Speaker 2: And there's racing at Laguna Seca and I imagine rallies all.
Speaker 1: The time, rallys all the time. And there's also a
Speaker 1: big Porscha show before the quail. There's a big show
Speaker 1: for classic Porschas at offite locations. Sometimes I can't go
Speaker 1: to that because I've got to get to the toil
Speaker 1: for the new car stuff. But yeah, there's like it
Speaker 1: shows just just for Italian cars. It's it's a lot.
Speaker 2: Well, it sounds like fun. Next year, I'm definitely in.
Speaker 1: I think it has to be done for the podcast sake.
Speaker 2: Yes, I totally agree. It'll be a special edition. Yeah cool. Well,
Speaker 2: I guess I would ask you normally like are you
Speaker 2: driving anything cool next week? But I know that you're
Speaker 2: driving home in a very.
Speaker 1: Slowly I'm going to be obeying all.
Speaker 2: Don't let it ruin you, Hannah. I mean, you've got
Speaker 2: to open that Ferrari up. It would be a crime
Speaker 2: to drive it slowly.
Speaker 1: And I have to do a service for our readers.
Speaker 2: Yes, I will tell you I once got pulled over.
Speaker 2: I was driving two of all things, a polo match
Speaker 2: at mass Showman in a white Bentley Mulson with purple leather,
Speaker 2: and I was dressed like an app luke clown because
Speaker 2: I was going to a polo match and I was
Speaker 2: doing like maybe one twenty and a sixty five. And
Speaker 2: the officer at first was pretty angry, but I said, listen,
Speaker 2: it's not my car. This car is worth more than
Speaker 2: my house. I'm just a lowly journalist testing this out.
Speaker 2: And I realized I'm dressed like an absolute tool, but
Speaker 2: it's kind of like sarcastic because I'm going to this
Speaker 2: polo match. And he got he was on my wavelength.
Speaker 2: He was like, I get it. So then he just
Speaker 2: wrote media a ticket for no seatbelt. What Yeah, pretty cool?
Speaker 2: Pretty cool?
Speaker 1: And wait where was this?
Speaker 2: Where this was? It must have been on the Taconic
Speaker 2: because I was headed up to showmaking.
Speaker 1: Yeah that's I mean, you were very lucky. I don't
Speaker 1: know if they do that out in California. These guys
Speaker 1: are really gunning, They're they are not playing around.
Speaker 2: I mean, I've been in other instances, in other instances,
Speaker 2: I've been unlucky. So this was I think the karma,
Speaker 2: the payback. Yeah you know, yeah cool. Well I'll see
Speaker 2: you back here, same time. Same place next week. I'm
Speaker 2: Matt Miller, I'm
Speaker 1: Hannah Elliott, and this is Bloomberg