WEBVTT - Hybrids vs. EVs, Auction Prices Cool and Formula 1 Hits Vegas 0:00:02.320 --> 0:00:05.760 I'm Matt Miller, I'm Hannah Elliott, and this is Hot Pursuit. 0:00:13.360 --> 0:00:16.439 All right, we have a fantastic podcast for you today. 0:00:16.640 --> 0:00:18.759 We're going to touch on Formula one, give you the 0:00:18.800 --> 0:00:21.120 update on the Ferraris we were talking about last week. 0:00:21.160 --> 0:00:24.119 But we also have a special guest, recurring guest, Barry Ridholtz. 0:00:24.600 --> 0:00:28.120 He is the host of Masters in Business, probably our 0:00:28.160 --> 0:00:32.040 most popular podcast on the Bloomberg platform, and he has 0:00:32.040 --> 0:00:34.640 a new podcast called At the Money. 0:00:34.280 --> 0:00:36.320 At the Money ATM plus. 0:00:36.360 --> 0:00:39.960 Obviously the founder of Ritholts Wealth Management, and he's a contributor. 0:00:39.479 --> 0:00:40.360 To Bloomberg a lot. 0:00:40.479 --> 0:00:43.000 So, Hannah, we're going to talk about Formula one because 0:00:43.000 --> 0:00:45.199 you're preparing to go to Las Vegas. We're also going 0:00:45.280 --> 0:00:47.960 to talk about hybrid's. I think they're the way forward. 0:00:48.200 --> 0:00:50.680 You think it's a band aid. There's a lot more 0:00:50.920 --> 0:00:54.240 sort of econoboxes and grocery getters that I think are 0:00:54.280 --> 0:00:57.000 really cool though in this space. And then we're going 0:00:57.040 --> 0:01:00.680 to get to Audi's. You just recently drove the SQ 0:01:00.760 --> 0:01:04.280 eight E tron, that's correct, and Barry has an R eight. 0:01:04.640 --> 0:01:07.440 The first car I bought was an Audie and a 0:01:07.600 --> 0:01:08.440 for Avant. 0:01:08.800 --> 0:01:11.320 Those have become very collectible now and mine was a 0:01:11.360 --> 0:01:14.759 two point five, which I loved with so stick shift 0:01:16.040 --> 0:01:17.320 those have become desirable. 0:01:17.360 --> 0:01:19.240 All right, Let's kick it off though with Formula one, 0:01:19.280 --> 0:01:23.679 because I guess what you're getting ready to head out 0:01:23.760 --> 0:01:25.680 to Sin City, and what do you expect. 0:01:25.880 --> 0:01:30.600 It's going to be very interesting because when Formula one 0:01:30.600 --> 0:01:34.120 in Liberty Media, which owns Formula one, entered into this 0:01:34.200 --> 0:01:36.399 deal with the city of Las Vegas to host the race, 0:01:36.520 --> 0:01:38.040 it seemed like a home. 0:01:37.840 --> 0:01:39.119 Run, like a match made in heaven. 0:01:39.160 --> 0:01:41.440 I mean, it's Vegas, which of course is sort of 0:01:41.480 --> 0:01:44.959 the party center of the world right now and has 0:01:45.040 --> 0:01:48.000 a bunch of great professional sports team. We've got hockey, 0:01:48.000 --> 0:01:50.559 We've got NFL, We're going to get some baseball. 0:01:50.320 --> 0:01:53.200 The Blagio Win Resorts, the Sphere. 0:01:53.440 --> 0:01:55.720 Oh, let's not forget the Sphere. There's so much there. 0:01:55.760 --> 0:01:57.559 And the food's great, you know, all. 0:01:57.440 --> 0:01:57.960 Of this stuff. 0:01:57.960 --> 0:01:59.480 There's Jean George restaurants. 0:01:59.680 --> 0:02:02.360 But the thing is, and you know, Formula one's been 0:02:02.360 --> 0:02:06.120 doing great in the US, but in the past month 0:02:06.280 --> 0:02:09.480 or so, it's been really weird because ticket prices have 0:02:09.680 --> 0:02:14.480 been dropping, both ticket prices for general entry into the 0:02:14.680 --> 0:02:18.399 Grand Prix hotel room rates have been dropping, and it's 0:02:18.600 --> 0:02:23.200 kind of creating this feeling that maybe Vegas bit off 0:02:23.240 --> 0:02:27.840 more than it can chew. It's possible organizers sort of 0:02:27.880 --> 0:02:30.600 got a little bit too greedy with how they price things, 0:02:30.639 --> 0:02:33.000 and people are just not having it. 0:02:33.080 --> 0:02:33.840 That's crazy. 0:02:33.919 --> 0:02:36.400 So if I decided, you know what, I am going 0:02:36.480 --> 0:02:39.400 to go see Formula on this weekend and skip the 0:02:39.440 --> 0:02:43.160 birth of my second daughter, you think I could get tickets. 0:02:43.520 --> 0:02:45.040 You'd have no problem getting tickets. 0:02:45.080 --> 0:02:45.240 Now. 0:02:45.320 --> 0:02:47.280 I will say, you might pay like six. 0:02:47.280 --> 0:02:50.280 Or seven hundred dollars a night for a hotel room 0:02:50.320 --> 0:02:54.000 at like the Venetian, but that's pretty typical, and it's 0:02:54.080 --> 0:02:57.320 actually far less than you would have paid had you 0:02:57.360 --> 0:02:59.480 tried to get a room a month ago or two 0:02:59.520 --> 0:03:02.960 months ago. So this is an expensive sport and an 0:03:03.040 --> 0:03:06.839 expensive city, but compared to what prices were listed at 0:03:06.880 --> 0:03:09.360 a month or two months ago, you're gonna get a deal. 0:03:09.400 --> 0:03:11.840 And there's plenty of tickets to go around. There are 0:03:11.840 --> 0:03:13.840 plenty of flights from La to Vegas. 0:03:14.080 --> 0:03:16.400 So barry when you when you go. You know the 0:03:16.480 --> 0:03:20.080 problem with Formula one is you know you're in a corner, 0:03:20.320 --> 0:03:22.800 You're watching the cars go by. It's not. I know, 0:03:22.840 --> 0:03:27.560 it's very visceral and very exciting feeling moments. That's the 0:03:27.600 --> 0:03:30.359 best part. But then you're there for another four hours 0:03:30.400 --> 0:03:33.959 and it's a sport that's so great on television. It's 0:03:34.120 --> 0:03:36.960 very comfortable. You really can see stuff. Everyone should go 0:03:37.040 --> 0:03:38.560 do it once. I don't know if I need to 0:03:38.600 --> 0:03:42.640 do this in Vegas. And the thing I'm wondering about 0:03:43.120 --> 0:03:46.480 how much of this is specific to Las Vegas and 0:03:46.520 --> 0:03:49.560 how much of this is just Hey, the economy is 0:03:49.760 --> 0:03:53.720 moving along, inflation is coming down, but we're starting to 0:03:53.880 --> 0:03:56.680 slow down. When you look at what's going on with 0:03:57.160 --> 0:04:01.400 auction prices of used cars nine eleven, Ferrari's whatever, or 0:04:01.440 --> 0:04:05.240 even watches. Everything seems that had round up in twenty 0:04:05.280 --> 0:04:08.400 and twenty one and twenty two, it's all softening. I 0:04:08.440 --> 0:04:10.920 wonder if this is a broader macro concern. 0:04:11.360 --> 0:04:13.480 I think that's a really interesting point. 0:04:13.560 --> 0:04:18.560 And we talked about this Ferrari last week, this Ferrari 0:04:18.680 --> 0:04:20.679 two fifty gto that was going to go on sale, 0:04:20.720 --> 0:04:23.960 and to your point, Barry, yes, it sold this week 0:04:24.040 --> 0:04:27.560 for almost fifty two million dollars, but that was actually 0:04:28.160 --> 0:04:31.039 far less than arm Sotheby's had hoped to get for 0:04:31.120 --> 0:04:34.240 the car, and they were saying, you know, in excess 0:04:34.320 --> 0:04:37.000 of sixty million. The hammer price on that Ferrari was 0:04:37.040 --> 0:04:40.760 actually forty seven. So, yes, this is a very expensive car, 0:04:40.800 --> 0:04:44.440 but relative to where it was supposed to be quote unquote, 0:04:44.520 --> 0:04:47.600 it's really down. And to your point, Berry, I think 0:04:47.680 --> 0:04:50.200 this Yolo economy is over. 0:04:50.720 --> 0:04:53.520 Yeah, we saw this week Bloomberg put out a story 0:04:53.680 --> 0:04:58.440 prices for Rolex and Pateech Philippe watches, you know, the 0:04:58.560 --> 0:05:02.839 ultra luxury, super high end watches on the Bloomberg subdal 0:05:02.880 --> 0:05:06.320 indecks have come crashing down. They were off one point 0:05:06.320 --> 0:05:09.000 eight percent last month to the lowest level since twenty 0:05:09.040 --> 0:05:11.320 twenty one. Do you think that's the problem with F 0:05:11.440 --> 0:05:14.120 one or is the sport too boring? The engines aren't 0:05:14.160 --> 0:05:15.440 big enough, No one passes. 0:05:16.000 --> 0:05:19.200 Here's a problem, Max Verstappan, that's a problem. He wins 0:05:19.320 --> 0:05:23.320 all the time, he's already clinched the title. He's won 0:05:23.440 --> 0:05:27.040 like seventeen of last twenty races. It's pretty predictable at 0:05:27.040 --> 0:05:29.839 this point. Even second place is pretty predictable. And the 0:05:29.920 --> 0:05:33.720 other thing to Barry's point about the TV viewership, This 0:05:33.839 --> 0:05:37.240 race starts at ten pm Pacific time, which means you're 0:05:37.240 --> 0:05:38.960 gonna have to be a diehard fan. 0:05:38.920 --> 0:05:41.119 Whoa watch it. It really is one in the morning 0:05:41.160 --> 0:05:41.920 East Coast time. 0:05:42.200 --> 0:05:42.480 I did. 0:05:42.520 --> 0:05:45.320 There are not many people who are going to be 0:05:45.480 --> 0:05:47.479 up at one am in New York. 0:05:47.560 --> 0:05:49.240 I don't think to watch this race. 0:05:49.400 --> 0:05:51.920 You can always watch it the next day on the replay. 0:05:52.040 --> 0:05:54.239 Yeah. I mean, I'm a huge fan of Moto GP, 0:05:54.400 --> 0:05:56.880 as you know, because it's a far better sport. I 0:05:56.920 --> 0:05:59.400 mean there's a lot of passing, there's a lot more strategy, 0:05:59.480 --> 0:06:03.000 you have tons of different winners, And I just have 0:06:03.040 --> 0:06:05.520 a subscription to MotoGP dot com and then I watch 0:06:05.560 --> 0:06:07.400 it after the race is over because it was inevitably 0:06:07.400 --> 0:06:10.520 in Indonesia, and then it doesn't come on until you know, 0:06:10.640 --> 0:06:12.400 like eight in the morning on a Sunday. 0:06:12.480 --> 0:06:13.520 I'm not up at that point. 0:06:13.640 --> 0:06:16.280 I think it could be a bunch of different factors 0:06:16.320 --> 0:06:19.120 from an economy that's slowing down to max for staff 0:06:19.120 --> 0:06:21.240 and winning every time. But are we still going to 0:06:21.279 --> 0:06:24.159 see like is Brad Pitt gonna go? Is like Puff 0:06:24.240 --> 0:06:26.760 Daddy gonna go? You know, are all the celebrities going 0:06:26.839 --> 0:06:29.719 to be there and having like fifteen thousand dollars dinners? 0:06:30.240 --> 0:06:34.240 Yes, I think so maybe more interesting than Brad Pitt. 0:06:34.320 --> 0:06:36.280 David Beckham will be there. I don't know if you've 0:06:36.320 --> 0:06:40.080 seen the latest Beckham nothing more right, Yeah, I thought 0:06:40.120 --> 0:06:42.960 it was so good. I mean I'm a big Victoria 0:06:42.960 --> 0:06:45.640 Beckham fan after that. But yeah, Shack will be there, 0:06:46.120 --> 0:06:49.719 There will be celebrities there. It's going to be fun 0:06:49.839 --> 0:06:52.000 no matter what. How can you not have fun in 0:06:52.080 --> 0:06:55.160 Las Vegas? And I will say organizers are saying that 0:06:55.160 --> 0:06:59.760 they're expecting record revenue regardless of anything. They're on track 0:06:59.800 --> 0:07:03.520 to quote unquote sell out of tickets. This is what 0:07:03.520 --> 0:07:06.000 they're telling us. So it's still gonna be great. It's 0:07:06.040 --> 0:07:09.400 gonna be great fun. Anyone who's going should really pack 0:07:09.480 --> 0:07:11.440 their coats though. It's gonna be pretty. 0:07:11.160 --> 0:07:12.680 Cold in Las Vegas. 0:07:12.840 --> 0:07:16.480 Ten o'clock in the desert in November is cold, true desert. 0:07:16.560 --> 0:07:16.800 Yeah. 0:07:17.240 --> 0:07:17.400 Yeah. 0:07:17.440 --> 0:07:18.920 If you go to Vegas and you can't have fun, 0:07:18.960 --> 0:07:20.880 you're not doing it right. Do you like Vegas? 0:07:20.880 --> 0:07:23.320 Berry? No? I can't stand it, but I mean for 0:07:23.400 --> 0:07:26.000 a couple nights with Yeah, if I have to this, 0:07:26.200 --> 0:07:30.440 great restaurants, great shows, but not my first choice of destination. 0:07:31.240 --> 0:07:35.160 When they finally nuke that part of Nevada, you know 0:07:35.200 --> 0:07:39.280 in the whole area is just silicon glass. It'll be fine. 0:07:39.360 --> 0:07:42.800 I went to Lamborghini driving school there. That's a different story. 0:07:43.360 --> 0:07:46.120 You know. You can you can rent a World War 0:07:46.160 --> 0:07:49.080 two spitfire and go up with a pilot. That's worth doing. 0:07:49.120 --> 0:07:51.120 And Vegas is the only place that I'll let you 0:07:51.640 --> 0:07:53.680 sign off and say sure, I'll take my life in 0:07:53.720 --> 0:07:56.119 my hands in a eighty year old World War two plane. 0:07:56.160 --> 0:07:56.520 Let's go. 0:07:56.640 --> 0:07:58.880 I'd like, you can't do that anywhere in the desert, right, 0:07:58.960 --> 0:08:01.040 go Vegas, Sign up, Vegas. 0:08:01.240 --> 0:08:03.440 That all counts as Vegas, though, Yeah, I guess this 0:08:03.600 --> 0:08:05.240 is a lot more than just the strip. 0:08:05.400 --> 0:08:06.360 I mean totally agree. 0:08:06.440 --> 0:08:08.400 Driving out to the Hoover Dams really cool. 0:08:08.480 --> 0:08:12.320 And I do think sort of dusty hotels where Elvis 0:08:12.320 --> 0:08:16.440 played and Sinatra are really cool. There's amazing off roading 0:08:16.600 --> 0:08:20.160 out there. All of that to me counts as a 0:08:20.240 --> 0:08:21.560 quote unquote Vegas. 0:08:21.600 --> 0:08:23.920 When I go. There's fabulous shopping too. 0:08:24.080 --> 0:08:26.440 One hundred percent all right, change. I don't go to 0:08:26.560 --> 0:08:28.760 casinos at all. I don't hang out on the strip. 0:08:28.920 --> 0:08:31.440 I don't gamble. That's the part of Vegas. I hate 0:08:31.560 --> 0:08:34.920 everything around that is really interesting fun. Yeah, you want 0:08:34.960 --> 0:08:36.360 to wake up married to somebody. 0:08:36.400 --> 0:08:39.480 You have no idea her last name. You know, apologies 0:08:39.520 --> 0:08:42.040 to my wife, your pregnant wife. You're very pregnant. 0:08:42.120 --> 0:08:44.719 Let's move on to well and her favorite car is 0:08:45.000 --> 0:08:48.600 the Volvo XC ninety T eight, which is a hybrid. 0:08:49.400 --> 0:08:51.920 You know, you can go twenty miles or more on 0:08:52.200 --> 0:08:55.440 the battery alone, and so for doing things around town, 0:08:55.640 --> 0:08:57.480 dropping kids off at school, going to the grocery store, 0:08:57.960 --> 0:08:59.800 no problem, and then you can go on longer trips 0:08:59.800 --> 0:09:01.160 cause has a gas engine. 0:09:00.920 --> 0:09:03.720 That kicks in. It's beautiful design. I have to agree 0:09:03.720 --> 0:09:05.559 with her on that, especially that interior. 0:09:05.679 --> 0:09:08.120 And Barry, you sent me and Hannah an email this 0:09:08.240 --> 0:09:11.559 morning about a Toyota Camry that's only going to be sold. 0:09:11.400 --> 0:09:15.640 Right right, they're giving up the gas only. Listen. The 0:09:15.720 --> 0:09:19.320 crazy thing about Toyota is they have this massive lead 0:09:19.480 --> 0:09:23.080 in hybrid technology, and you were waiting for what they're 0:09:23.120 --> 0:09:25.400 going to do next. Then you know, they kind of 0:09:25.480 --> 0:09:29.080 let Tesla eat their lunch. But what Toyota is telling 0:09:29.200 --> 0:09:32.960 us is the immediate future, the next decade is going 0:09:33.040 --> 0:09:37.000 to be hybrid. And obviously Tesla doesn't have any hybrid vehicles. 0:09:37.040 --> 0:09:38.200 They're fully electric. 0:09:38.640 --> 0:09:40.920 That annoys me because I can never find a place 0:09:41.360 --> 0:09:46.120 to charge, and I like to have a little moto vibes. Hannah, 0:09:46.480 --> 0:09:48.360 you don't think that hybrids are the way forward though. 0:09:48.520 --> 0:09:51.120 I am not a fan of hybrids just because I 0:09:51.280 --> 0:09:52.280 tend to be a purist. 0:09:52.360 --> 0:09:55.679 I want to go all in, all or nothing, and 0:09:55.800 --> 0:09:59.960 I love the of course, the quick performance of electric vehicle, 0:10:00.200 --> 0:10:04.079 and I love my own personal internal combustion cars. So 0:10:04.280 --> 0:10:06.920 hybrids have always seemed to me to just be like 0:10:07.080 --> 0:10:09.240 halfway but nowhere anywhere. 0:10:09.760 --> 0:10:10.320 Who cares? 0:10:10.360 --> 0:10:13.600 If you know, Toyota was making a Prius because also 0:10:13.800 --> 0:10:15.520 BMW was making the I eight, and. 0:10:15.760 --> 0:10:17.480 Well, I love the I eight, dude. 0:10:17.679 --> 0:10:20.520 The I eight and the I three, to me, were 0:10:20.600 --> 0:10:23.480 when I first understood why it's cool to have a 0:10:23.600 --> 0:10:27.440 range extender motor right because they were fully electric vehicles, 0:10:27.679 --> 0:10:29.280 but they just had a little I think it was 0:10:29.320 --> 0:10:32.920 a one three three cylinder as like a utility pack. 0:10:33.120 --> 0:10:36.600 It's like bringing along a backpack. It's like being a prepper. 0:10:36.840 --> 0:10:39.319 You know, you always have an option if you need it. 0:10:39.640 --> 0:10:44.000 My wife's Panama hybrid. We drove to Connecticut this weekend. 0:10:44.400 --> 0:10:47.520 We got nearly forty miles a gallon on the way there. 0:10:48.000 --> 0:10:51.640 We exhausted most of the electric for that range, but 0:10:51.760 --> 0:10:54.240 when you drop your right foot you still have over 0:10:54.320 --> 0:10:57.920 five hundred horse power and that car really goes when 0:10:57.960 --> 0:11:00.880 you wanted to go. So to me, it's the best 0:11:00.960 --> 0:11:03.640 of both worlds. Almost forty miles a gallon on one 0:11:03.720 --> 0:11:07.360 hundred mile trip into the woods in Connecticut, and somewhat 0:11:07.440 --> 0:11:09.240 less on the way home without any electra. 0:11:09.400 --> 0:11:12.000 You know, I always say there's no replacement for displacement, 0:11:12.120 --> 0:11:16.520 but I think batteries might be that replacement. I'm driving 0:11:16.640 --> 0:11:21.400 right now, a Kia Sorrento PHV. And aside from all 0:11:21.480 --> 0:11:23.319 the other stuff that's impressive about it, and there's a 0:11:23.360 --> 0:11:25.760 ton of stuff, it's got a locking center diff It's 0:11:25.760 --> 0:11:27.880 got this really cool technology where when you put your 0:11:27.920 --> 0:11:30.920 turn signal on in your center display, you can see 0:11:31.000 --> 0:11:32.880 your blind spot and in fact. 0:11:32.880 --> 0:11:35.520 All of the Hyundai Kias do that. You signal right 0:11:35.640 --> 0:11:38.600 and it shows up in yours, and you signal left 0:11:38.679 --> 0:11:41.199 and it shows up in your left dial. That should 0:11:41.200 --> 0:11:43.320 be a standard technology across the whole. 0:11:43.240 --> 0:11:45.079 Industry and any luxury automotive. 0:11:45.120 --> 0:11:47.360 Okay, well, but for Akia, I think it's really cool. 0:11:47.400 --> 0:11:51.000 I mean, for Akia, it's got torque vectoring, all wheel drive. 0:11:51.520 --> 0:11:54.440 That's not something you expect when you're buying a Korean car. 0:11:54.600 --> 0:11:57.280 But I thought the engine was more substantial than it 0:11:57.440 --> 0:11:58.640 was when I first started driving it. 0:11:58.720 --> 0:11:59.760 I hadn't read the specs. 0:12:00.160 --> 0:12:02.360 I popped open the hood and I saw it's got 0:12:02.440 --> 0:12:06.240 a one point six leader in line four. Like, that's 0:12:06.640 --> 0:12:09.280 a tiny little motor, but it still has two hundred 0:12:09.280 --> 0:12:11.800 and sixty horsepower two hundred and sixty pound feet of 0:12:11.880 --> 0:12:14.960 torque for you know, fifty thousand dollars for the fully 0:12:15.040 --> 0:12:16.840 loaded like most luxurious addition. 0:12:17.360 --> 0:12:20.040 That's pretty peppy. It's a lot of truck for the money. 0:12:20.120 --> 0:12:23.719 And look the way every one of these new manufacturers 0:12:24.160 --> 0:12:27.559 that are trying to gain traction or expand their footprint 0:12:28.160 --> 0:12:31.080 find an audience is by offering a lot of value 0:12:31.120 --> 0:12:33.600 for the money. Think back to the way Honda did 0:12:33.679 --> 0:12:36.360 this forty years ago, or the way Toyota did it 0:12:36.440 --> 0:12:39.199 sixty years ago. So, Hannah, do you ever drive like 0:12:39.280 --> 0:12:39.720 a Kia? 0:12:39.880 --> 0:12:42.520 Because I always think, you know, you're the one who's 0:12:42.600 --> 0:12:44.960 constantly in a cullin in, But do you ever drive 0:12:45.080 --> 0:12:45.839 like a Korean car? 0:12:46.080 --> 0:12:46.600 This is true. 0:12:46.840 --> 0:12:50.240 Typically no, I will openly say we do not cover 0:12:50.600 --> 0:12:55.560 typically Kia at Bloomberg Pursuits. However, I did recently drive 0:12:55.640 --> 0:12:59.000 the Kia EV nine, which is their big electric suv. 0:12:59.160 --> 0:12:59.719 I want to try that. 0:13:00.160 --> 0:13:03.520 I really really liked it. I was surprised at how 0:13:03.600 --> 0:13:07.200 beautiful and well thought out it was. I actually really 0:13:07.240 --> 0:13:10.760 would love to go visit the factory in South Korea. 0:13:10.800 --> 0:13:12.600 I'm going to try to do that next year because 0:13:12.679 --> 0:13:16.160 Kia is really making a play to elevate themselves so 0:13:16.280 --> 0:13:20.160 that they could potentially have shoppers cross shopping between like 0:13:20.360 --> 0:13:25.679 Volvo or land Rover into Kia or even Audi. And 0:13:25.920 --> 0:13:28.839 I don't think that's out of the question based on 0:13:28.960 --> 0:13:31.920 what I've seen. We joke about it like typically I 0:13:31.960 --> 0:13:35.920 wouldn't cover it, but the limited amount of Kia products 0:13:36.000 --> 0:13:39.079 that I have seen and driven, I actually am pretty 0:13:39.080 --> 0:13:39.640 impressed by. 0:13:39.720 --> 0:13:41.520 And let's not forget this is a company that also 0:13:41.600 --> 0:13:42.400 makes Genesis. 0:13:42.679 --> 0:13:44.960 I was about to bring that up. Kia is owned 0:13:44.960 --> 0:13:49.280 by Hyndi. Genesis is their version of Lexus versus Tayota doing. 0:13:49.480 --> 0:13:51.920 They know what they're doing. One question, though, do you 0:13:52.080 --> 0:13:54.320 read the new Kia logo as nine inch nails? 0:13:54.559 --> 0:13:55.480 I love it. 0:13:55.800 --> 0:13:57.800 I love the way it reminds you of nine inch nails. 0:13:57.880 --> 0:13:59.679 That's hilarious. I'm on board with that. 0:14:00.160 --> 0:14:02.800 By the way, I think that the new logo really 0:14:02.960 --> 0:14:05.800 helped them transition their brand a little bit from being 0:14:06.240 --> 0:14:10.679 kind of a bargain basement, you know, Korean econobox, to 0:14:10.960 --> 0:14:13.760 being something that people really would cross shop with. 0:14:13.840 --> 0:14:14.439 A Range Rover. 0:14:14.559 --> 0:14:17.079 I mean, the teil You Ride is a beautiful car. 0:14:17.480 --> 0:14:20.680 I don't love the powertrain, but the logo I think 0:14:20.960 --> 0:14:21.640 helps a lot. 0:14:21.960 --> 0:14:23.000 It looks really cool. 0:14:23.240 --> 0:14:23.760 I agree. 0:14:24.240 --> 0:14:28.400 I'm with you about it's an attitude of beautiful hospitality. 0:14:28.720 --> 0:14:30.560 And I know that sounds like a PR line, but 0:14:31.080 --> 0:14:33.800 it actually is true that some of their vehicles really 0:14:33.880 --> 0:14:37.040 have this beautiful sense of a welcome environment. 0:14:36.760 --> 0:14:38.560 Actually throwing a V eight once in a while. They 0:14:38.600 --> 0:14:40.480 need to make a big halo car. There are no 0:14:40.640 --> 0:14:43.280 more V eights coming out, and they're certainly coming out 0:14:43.880 --> 0:14:44.720 for mass production. 0:14:44.960 --> 0:14:46.680 I just think they need to make a halo car 0:14:46.840 --> 0:14:49.400 so that people can then feel okay buying the lower 0:14:49.520 --> 0:14:50.720 end models. 0:14:51.120 --> 0:14:54.000 That is age old school marketing. That's just not how 0:14:54.040 --> 0:14:56.160 it's done. We're going to give you a lot of 0:14:56.280 --> 0:14:59.040 car or truck for the money. Yes, it's only a 0:14:59.120 --> 0:15:02.080 V six, but you can tow. You could stick six 0:15:02.160 --> 0:15:04.160 people in the car. You could load it up with 0:15:04.280 --> 0:15:06.400 luggage and it's not going to close you an normoral 0:15:06.480 --> 0:15:11.480 leg That's the value proposition for these cars versus the 0:15:11.640 --> 0:15:15.040 cars that we really have grown up loving, the BMW's, 0:15:15.080 --> 0:15:17.520 the Mercedes, the much bigger and more expensive cars. 0:15:17.560 --> 0:15:19.800 Okay, I'm just saying, like, if Audi had never made 0:15:19.880 --> 0:15:23.040 the quatro and one races with it, if they had 0:15:23.080 --> 0:15:26.440 never made the R eight that everybody drools over in 0:15:26.680 --> 0:15:27.680 fifty shades. 0:15:27.400 --> 0:15:29.960 Of gray, I don't know that we'd be buying, you know, 0:15:30.160 --> 0:15:32.200 the Q three either. 0:15:32.480 --> 0:15:34.920 And by the way, speaking of that, both of you 0:15:35.040 --> 0:15:38.320 have a connection to Audi because Hannah you are test 0:15:38.440 --> 0:15:41.000 driving some version of their e Tron. 0:15:41.680 --> 0:15:43.600 Barry you of course have the Ra. But Hannah first 0:15:43.600 --> 0:15:45.360 tell us about the ev that you drove. 0:15:45.800 --> 0:15:50.800 Okay, so yesterday I drove the s Q eight e Tron, 0:15:51.240 --> 0:15:55.480 which is basically it's sort of a higher performance version 0:15:55.600 --> 0:15:58.320 of the Q eight, which is a five passenger sub 0:15:58.440 --> 0:16:02.240 It's all electric, starts at about ninety thousand dollars, and 0:16:02.640 --> 0:16:05.560 it was beautiful. The you know, Audi has been a 0:16:05.640 --> 0:16:08.880 little bit behind when it comes to offering electric vehicles, 0:16:08.880 --> 0:16:10.800 and they're making they're trying to make up for lost time, 0:16:11.040 --> 0:16:13.640 and so anything with E Tron at the end is 0:16:13.680 --> 0:16:18.120 there electric offering. The SQ eight, despite its confusing name, 0:16:18.680 --> 0:16:22.000 was really nice. It was beautifully appointed inside. It was 0:16:22.440 --> 0:16:26.360 as quiet, actually proven by Audi, as quiet as an 0:16:26.400 --> 0:16:29.480 a sedan, really nice balanced. 0:16:29.720 --> 0:16:32.320 It's heavy. It's like a six thousand pound suv, so 0:16:32.480 --> 0:16:33.840 you do feel that a bit. 0:16:34.200 --> 0:16:36.800 Some people like it heavy. Don't forget not if you 0:16:36.920 --> 0:16:38.119 have to make a chanudgment. 0:16:38.360 --> 0:16:39.280 There's no judgment. 0:16:39.400 --> 0:16:41.160 I like it. I like a big heavy cruiser. 0:16:41.320 --> 0:16:42.280 Well, we love that. 0:16:42.440 --> 0:16:46.320 We love that, and this did feel really nicely insulated 0:16:46.480 --> 0:16:49.000 and solid. And I actually have a friend who's been 0:16:49.040 --> 0:16:51.880 looking for an electric suv, and I instantly messaged her 0:16:51.920 --> 0:16:53.240 and said, I think you're really gonna love it. 0:16:53.560 --> 0:16:54.360 A good looking truck. 0:16:54.640 --> 0:16:57.840 I drove also the Q eight Etron, not the S version, 0:16:58.080 --> 0:17:00.640 but I'll say that I was dis pointed that they 0:17:00.760 --> 0:17:03.520 use the Q eight Moniker, because I think the Q 0:17:03.680 --> 0:17:06.000 eight is one of the best designs Audi has come 0:17:06.040 --> 0:17:09.280 out with in at least a decade. It's a head 0:17:09.320 --> 0:17:11.760 turner whenever I see a real Q eight on the road, 0:17:12.000 --> 0:17:14.680 and the E Tron version is not a real Q eight. 0:17:14.880 --> 0:17:17.680 It doesn't look as cool. It's more invisible, Like you 0:17:17.720 --> 0:17:21.400 can easily overlook the e Tron version, whereas the full 0:17:21.480 --> 0:17:26.119 fat gas Q eight it's so hulking and muscular that 0:17:26.200 --> 0:17:30.000 you can't overlook it. But it is definitely solid. That's 0:17:30.040 --> 0:17:31.800 the word I would use for it, like it is 0:17:32.000 --> 0:17:35.159 a product that you feel like is over engineered and 0:17:35.520 --> 0:17:44.439 is not going to break down. What do you think, 0:17:44.800 --> 0:17:47.040 Barry about Audi's I mean, you have obviously the Halo car, 0:17:47.400 --> 0:17:49.520 but what do you think about the brand and the 0:17:49.600 --> 0:17:50.240 other vehicles. 0:17:50.520 --> 0:17:53.920 You know, it's full time all wheel drive, and if 0:17:53.960 --> 0:17:56.080 you're in the part of the country where you're very 0:17:56.200 --> 0:18:00.200 much dealing with weather or or you're off road, they're 0:18:00.240 --> 0:18:05.200 great for that. They're notoriously expensive to repair. They're they're 0:18:05.320 --> 0:18:11.000 not the lowest cost maintenance Comparatively, you buy a Honda Toyota, 0:18:11.560 --> 0:18:14.400 you put gas and occasionally oil into it, you're good 0:18:14.480 --> 0:18:18.440 for a bajillion miles. Some the German cars tend to 0:18:18.520 --> 0:18:22.680 be a little more finicky. My experience with Audi's and BMW's, 0:18:22.760 --> 0:18:26.320 you have to build a little bit of a repair buffer, 0:18:26.440 --> 0:18:29.440 especially if you're looking for a thirty thousand mile car, 0:18:29.640 --> 0:18:33.160 like I know, you're hunting for They're not terrible. It's 0:18:33.240 --> 0:18:35.760 not you know, you speak to people with you know, 0:18:36.440 --> 0:18:38.840 British cars or even some of the older Ferraris, and 0:18:39.359 --> 0:18:42.760 you're writing big checks to your mechanic. But they're great cars. 0:18:42.800 --> 0:18:45.680 They're well designed, they hold up well, and I know 0:18:45.800 --> 0:18:48.760 lots of people who have Q five's with you know, 0:18:48.880 --> 0:18:50.280 two hundred thousand miles on them. 0:18:50.440 --> 0:18:54.000 Well, I think I have to say just a little bit. 0:18:54.160 --> 0:18:57.040 I think that German engineering has a pretty good track 0:18:57.119 --> 0:19:00.200 record for sure ability, and it's a little unfair to 0:19:00.280 --> 0:19:03.000 compare them to British and Italian engineering. 0:19:03.480 --> 0:19:03.880 Agreed. 0:19:04.040 --> 0:19:05.800 I've never had a problem. I had an Audi for 0:19:05.880 --> 0:19:07.920 a long time, never had a problem with it. If 0:19:08.000 --> 0:19:11.000 you have a repair, it'll cost me a long time. 0:19:11.119 --> 0:19:14.159 Never had a problem with my sl was bulletproof until 0:19:14.280 --> 0:19:16.359