WEBVTT - EV Demand Slows; Modern Classics from Ferrari, Porsche and Ford 0:00:02.120 --> 0:00:04.840 I'm Matt Miller and I'm Hannah Elliott, and this is 0:00:04.880 --> 0:00:05.480 hot pursuit. 0:00:13.240 --> 0:00:14.640 All right, we have a lot of cool stuff to 0:00:14.640 --> 0:00:17.599 talk about on today's show. Number one, we're going to 0:00:17.640 --> 0:00:20.040 talk about the collector car market, because Hannah, you've written 0:00:20.040 --> 0:00:22.439 a piece about maybe some of the high end Ferrari 0:00:22.560 --> 0:00:25.239 prices are going to soften a little bit and some 0:00:25.440 --> 0:00:27.160 American muscle maybe has room to grow. 0:00:27.280 --> 0:00:28.520 Yes, yes, you could say that. 0:00:28.640 --> 0:00:30.360 We're also going to talk about your Porsche drive. 0:00:30.400 --> 0:00:34.520 You've driven yet another amazing Pea car, and I want 0:00:34.520 --> 0:00:36.680 to get some info from you because you know so 0:00:36.760 --> 0:00:39.800 much about the company and collecting about what people could 0:00:39.800 --> 0:00:41.480 get into for a reasonable price. 0:00:41.520 --> 0:00:42.920 Now in terms of p cars. 0:00:43.120 --> 0:00:44.080 I got a few ideas. 0:00:44.159 --> 0:00:46.320 Then we're going to talk about the ev kind of 0:00:46.400 --> 0:00:51.280 backlash because it was breakneck pace in terms of the growth, sales, growth, 0:00:51.520 --> 0:00:55.120 investment of more than one hundred billion dollars in this decade, 0:00:55.280 --> 0:00:58.720 and now we're seeing production get cut and big losses. 0:00:58.800 --> 0:01:01.360 So it looks like that turning around in a big way. 0:01:02.080 --> 0:01:03.960 So let's do it. We'll kick it off with the 0:01:04.160 --> 0:01:05.320 collector car market. 0:01:05.440 --> 0:01:08.000 I used to watch all the time Barrett Jackson and 0:01:08.040 --> 0:01:12.160 mikam auctions as a kid on whatever cable channel because 0:01:12.160 --> 0:01:14.959 nothing was on cable except for that, and loved it. 0:01:15.000 --> 0:01:17.240 But I'm not that in touch with that anymore because 0:01:17.280 --> 0:01:20.280 I feel like most of the vehicles that I would 0:01:20.280 --> 0:01:21.680 want are way too expensive. 0:01:22.560 --> 0:01:25.280 Yes, I think this is a common thing for all 0:01:25.319 --> 0:01:29.000 of us. In the years since the pandemic, we've seen 0:01:29.440 --> 0:01:34.800 record volumes of cars being sold, record sales across many 0:01:34.920 --> 0:01:40.360 brands BMW, Mercedes, Porsche, Ferrari. It's been this bonanza, and 0:01:40.480 --> 0:01:42.720 twenty twenty three has really been the first year where 0:01:42.760 --> 0:01:47.200 everything is just calmed down a bit, which sounds when 0:01:47.240 --> 0:01:50.080 you say the market's cooling, it sounds a little negative. 0:01:50.440 --> 0:01:53.200 But actually what I'm hearing is this is actually good 0:01:53.240 --> 0:01:55.960 news for people like us who might just want to 0:01:55.960 --> 0:01:58.560 own one or two interesting cars, and we're not going 0:01:58.640 --> 0:01:59.440 to speculate on it. 0:01:59.520 --> 0:02:01.800 We just want to something fun and drive it. 0:02:01.880 --> 0:02:04.160 I mean, you could also say that inflation has come down, 0:02:04.520 --> 0:02:07.360 which is true, but that doesn't change the massive rise 0:02:07.800 --> 0:02:11.120 in prices that hasn't and isn't going to turn around. 0:02:11.200 --> 0:02:13.280 Right, So, in terms of the higher end. 0:02:13.160 --> 0:02:18.040 Cars, the ferraris you know, the Rarer, porschas anything with 0:02:18.120 --> 0:02:24.799 a race provenance, these prices are gonna stay where they are, right, Yeah, yeah. 0:02:24.560 --> 0:02:27.679 I mean, there's no sure thing in the car market, 0:02:27.840 --> 0:02:30.840 but if there's something close, it's Ferrari. This is really 0:02:30.880 --> 0:02:35.000 the blue chip brand, the blue chip vehicle of car collecting. 0:02:35.480 --> 0:02:38.520 Last year, the average price of a Ferrari slipped. 0:02:38.240 --> 0:02:40.680 From one point three million to one point two million, 0:02:40.760 --> 0:02:43.480 So yeah, they came off a little bit, but they're 0:02:43.560 --> 0:02:47.440 still very expensive, and you know they're going to sell. 0:02:47.480 --> 0:02:49.799 I think ninety percent of Ferrari sol last year compared 0:02:49.800 --> 0:02:52.120 to eighty percent average in the market, So. 0:02:52.160 --> 0:02:53.000 They're gonna sell. 0:02:53.480 --> 0:02:56.799 There's a little bit of a cooling, but yeah, I mean, 0:02:56.840 --> 0:02:59.600 if you want to have kind of a sure bet, 0:03:00.000 --> 0:03:03.079 Ferrari is the way to go. And yes they're expensive, 0:03:03.080 --> 0:03:04.639 but there are a couple of ways you can get 0:03:04.680 --> 0:03:08.280 into the brand. I'm talking about something like the Ferrari 0:03:08.480 --> 0:03:11.040 f F, which we kind of touched on. 0:03:11.160 --> 0:03:14.000 Yeah, I love I love it plus two. 0:03:14.480 --> 0:03:17.280 Yeah, it's a two plus, it's got a V twelve engine, 0:03:17.320 --> 0:03:20.880 it's it's got all the making exactly of what makes 0:03:20.880 --> 0:03:22.480 a great Ferrari a great Ferrari. 0:03:22.560 --> 0:03:26.079 It's unexpensed manual, no manual option no, and. 0:03:25.960 --> 0:03:27.440 That's a shame unfortunately. 0:03:27.480 --> 0:03:30.839 I wonder why the people at Ferrari put that to bed. 0:03:31.000 --> 0:03:34.560 I mean, wouldn't you love to have a gated shifter, 0:03:34.800 --> 0:03:36.000 even in a new Ferrari. 0:03:36.440 --> 0:03:38.520 Yes, yeah, I think you would. 0:03:38.680 --> 0:03:41.640 And what I hear from analysts who talk about the 0:03:41.640 --> 0:03:45.040 collecting market is the reason why the FF is growing 0:03:45.040 --> 0:03:47.720 in popularity is because it's easy to drive, and a 0:03:47.720 --> 0:03:49.800 lot of the younger buyers that don't want to mess 0:03:49.840 --> 0:03:52.840 around with gated shifters that you know, there's more to break, 0:03:52.880 --> 0:03:56.320 there's more to go wrong. You know, it's not as 0:03:56.480 --> 0:03:58.800 fun and easy and care free to drive in traffic. 0:03:58.880 --> 0:04:01.920 So that's actually what I hear is that's working in 0:04:01.960 --> 0:04:03.840 its advantage in terms of attracting. 0:04:03.960 --> 0:04:06.560 So the FF is easier to drive. I can't imagine 0:04:06.560 --> 0:04:10.800 a Ferrari Dno. Is that difficult to drive because I 0:04:10.800 --> 0:04:13.280 think of it as a smaller car. I mean it 0:04:13.320 --> 0:04:14.320 was a smaller car. 0:04:14.240 --> 0:04:17.840 Right, absolutely, This was the V six Ferrari that actually 0:04:18.000 --> 0:04:20.039 wasn't It didn't get a lot of respect back in 0:04:20.080 --> 0:04:22.680 the day. Of course, it was famously named after Enzo's 0:04:22.680 --> 0:04:25.800 son who died, and it didn't get respect. It was 0:04:25.880 --> 0:04:28.039 like kind of seen as not a real ferrari. But 0:04:28.160 --> 0:04:30.960 this is another example of dinos are going to be 0:04:30.960 --> 0:04:34.280 a lot less expensive than the two fifty racing ferraris 0:04:34.279 --> 0:04:37.800 from back in the sixties and fifties, so it's another opportunity. Yeah, 0:04:37.800 --> 0:04:40.239 they're kind of expensive now, but they probably will still 0:04:40.279 --> 0:04:41.480 continue to gain value. 0:04:41.520 --> 0:04:44.320 So an ff, I mean I've been looking, so I 0:04:44.360 --> 0:04:47.200 know that you can get into them for less than 0:04:47.240 --> 0:04:50.120 one hundred thousand, but it's going to be around that 0:04:50.240 --> 0:04:53.039 mark for a good one, right, a little mileage well 0:04:53.080 --> 0:04:55.679 taken care of, maybe a one owner vehicle. In terms 0:04:55.680 --> 0:04:58.360 of the Dino, what kind of price are you talking 0:04:58.360 --> 0:05:01.920 about because it's from the from the seventies, right, So 0:05:01.960 --> 0:05:04.279 you're not going to probably find a one owner vehicle 0:05:04.760 --> 0:05:08.279 and I can't. They're not going to be a million dollars, 0:05:08.440 --> 0:05:11.400 but they still are probably going to be one hundred grand. 0:05:12.160 --> 0:05:14.279 I think they're closer to a half million dollars. 0:05:14.880 --> 0:05:17.880 I'm looking right now on Haggarty Won in good condition 0:05:18.000 --> 0:05:19.279 is four hundred and seventy thousand. 0:05:19.320 --> 0:05:20.239 That's the average price. 0:05:20.279 --> 0:05:24.440 So we're still this is all still very rare air. Yes, 0:05:25.120 --> 0:05:27.960 you know, a half again, like we're not talking about 0:05:28.360 --> 0:05:31.360 cheap buys. We're talking about buys that will probably still 0:05:31.360 --> 0:05:33.400 gain a little bit in value. So if you invest 0:05:33.839 --> 0:05:36.200 a half a million year, you might make a little 0:05:36.200 --> 0:05:38.600 bit on that, But there are a lot of cheaper 0:05:38.640 --> 0:05:40.640 things that if you have an open mind. Now I 0:05:40.680 --> 0:05:42.039 know we want to talk about Portia. 0:05:42.760 --> 0:05:44.000 I don't really think. 0:05:43.800 --> 0:05:46.120 That, you know, by the way, just I'll interject that 0:05:46.200 --> 0:05:48.200 I think the dino I'm looking at the picture in 0:05:48.240 --> 0:05:51.440 your story kind of looks like a nine oh four 0:05:51.720 --> 0:05:52.320 a little bit. 0:05:52.520 --> 0:05:53.880 Do you get that vibe? 0:05:53.880 --> 0:05:56.560 Totally yeah, And I think it looks awesome. 0:05:56.640 --> 0:05:58.800 I've always thought they looked really and the great thing 0:05:58.800 --> 0:06:01.400 about the dino, for whatever reason, they seem to have 0:06:01.480 --> 0:06:04.960 come in really interesting colors. People were a lot freer 0:06:05.040 --> 0:06:08.919 in specking them than you know, with other like a Daytona. 0:06:08.960 --> 0:06:11.000 I mean you just see red, red, red, red red 0:06:11.200 --> 0:06:13.320 for Ferrari. But with the Dino, I feel like you 0:06:13.400 --> 0:06:17.400 really see cool oranges and greens and yellows and blues, 0:06:17.520 --> 0:06:19.320 and so I like that. 0:06:19.400 --> 0:06:21.680 I think it's it's actually more interesting in a. 0:06:21.680 --> 0:06:26.160 Way, still impossible for most people to afford even consider. 0:06:26.400 --> 0:06:29.240 And it's so sad because I remember I used to 0:06:29.440 --> 0:06:31.839 I totally crushed on the Magnum Ferrari. I think it 0:06:31.880 --> 0:06:34.640 was a eight that he had came three eight or 0:06:34.640 --> 0:06:37.320 three twenty eight. But I remember when those were going 0:06:37.320 --> 0:06:39.640 for twenty five or thirty grand, and I seriously thought 0:06:39.680 --> 0:06:42.600 about getting one. I remember when a Kuntash was going 0:06:42.680 --> 0:06:45.080 for twenty five or thirty grand. Nobody wanted them. 0:06:45.240 --> 0:06:46.960 Well, yeah, go ahead. 0:06:46.760 --> 0:06:49.560 And now they're impossible to afford, even even like an 0:06:49.600 --> 0:06:53.040 E thirty nine M five, which is like, you know, 0:06:53.240 --> 0:06:58.039 an internet car lover's car is growing in value so much, 0:06:58.120 --> 0:06:58.680 even like a. 0:07:00.200 --> 0:07:03.040 A nine to thirty turbo. Those were twenty grand cars. 0:07:03.200 --> 0:07:06.520 Well that's a Steve McQueen car, that's but you. 0:07:06.400 --> 0:07:09.119 Know, fifteen years ago you could get those for twenty grand. 0:07:09.360 --> 0:07:11.120 I know somebody who got quite a few of them 0:07:11.120 --> 0:07:14.520 for twenty grand back in the day. And now they're 0:07:14.840 --> 0:07:16.160 you know, three hundred thousand dollars. 0:07:16.240 --> 0:07:21.080 I actually saw yesterday on Auto trader A I think 0:07:21.080 --> 0:07:27.360 it was a early two thousands Cayman R that was 0:07:27.400 --> 0:07:29.720 one hundred thousand dollars. I mean, I know it's the 0:07:29.880 --> 0:07:32.120 R model and they didn't make a thousand of them, 0:07:32.160 --> 0:07:34.880 but still it's insane the prices. 0:07:35.000 --> 0:07:37.560 What is there that we can Okay. 0:07:37.400 --> 0:07:40.840 Let's talk let's talk a little more down to reality. 0:07:41.200 --> 0:07:43.000 Let's talk about the Ford Thunderbird. 0:07:43.120 --> 0:07:47.400 I know you like your Detroit cars, so this is, 0:07:47.920 --> 0:07:51.040 you know, from the mid sixties, and what I'm hearing 0:07:51.120 --> 0:07:55.280 is the Lincoln Continentals have become so popular, they got 0:07:55.320 --> 0:07:59.040 really expensive, and they've kind of priced. 0:07:58.760 --> 0:08:00.400 Out themselves elves. 0:08:00.760 --> 0:08:03.920 So now if people were interested in the Continental but 0:08:03.960 --> 0:08:06.400 couldn't really afford it, now maybe you should look at 0:08:06.400 --> 0:08:10.200 a Thunderbird because it's going to be a lot more affordable. 0:08:10.320 --> 0:08:12.880 You can get one for like maybe forty thousand bucks, 0:08:13.400 --> 0:08:16.080 and they're kind of from the same era. And the 0:08:16.120 --> 0:08:20.520 big theme here is be interested in cars that deliver 0:08:20.760 --> 0:08:23.720 unique experiences that's going to really serve you well, Like 0:08:23.760 --> 0:08:27.120 first you should generally just really like the car for yourself, 0:08:27.160 --> 0:08:29.360 and then second, look for something that's super unique and 0:08:29.360 --> 0:08:32.960 from a particular point in time, and the Thunderbird really 0:08:33.000 --> 0:08:33.800 accomplishes that. 0:08:33.880 --> 0:08:36.160 Well, not everybody loves any anymore. 0:08:36.400 --> 0:08:38.720 By the way, in terms of the Lincoln Continental, I 0:08:38.760 --> 0:08:41.120 bet you've mentioned this before, but there's a movie called 0:08:41.160 --> 0:08:41.800 Hit and Run. 0:08:42.200 --> 0:08:46.160 Okay, who's in it, Dak Shepherd, And oh you haven't 0:08:46.160 --> 0:08:47.880 mentioned Kristin Bell watched it. 0:08:48.440 --> 0:08:49.120 Did you watch it? 0:08:49.400 --> 0:08:49.520 No? 0:08:49.880 --> 0:08:52.080 Oh my god, it's so so so good. 0:08:52.240 --> 0:08:56.200 I just can't these names for me. 0:08:56.360 --> 0:08:59.280 I do like Silver Linings Playbook is one of my 0:08:59.360 --> 0:09:00.000 all time. 0:09:00.800 --> 0:09:05.199 There's a Cadillac CTSV wagon manual wagon that he drives. 0:09:05.400 --> 0:09:06.720 There's just not doing anything. 0:09:06.840 --> 0:09:10.160 There's a Corpette Z six, There's a there's a Lincoln 0:09:10.200 --> 0:09:12.840 Continental that Dax Shepherd in the movie like he and 0:09:12.880 --> 0:09:15.040 his dad restored it. It's a very good car movie, 0:09:15.080 --> 0:09:17.080 and I think it's a great movie. So I just 0:09:17.480 --> 0:09:21.400 but what I'm what I'm noticing is you're the thunderbird, right. 0:09:21.440 --> 0:09:23.559 It's the one that you don't want. You want the Continental. 0:09:23.760 --> 0:09:25.280 If I look at the bmw. 0:09:25.160 --> 0:09:29.680 M three, I want the forty six three. I don't 0:09:29.679 --> 0:09:30.800 want the E ninety two. 0:09:30.800 --> 0:09:33.719 I want the ninety two. Look it's gonna come up. 0:09:33.840 --> 0:09:37.480 This is this is the smart man's bye. You gotta 0:09:37.679 --> 0:09:41.040 just buy it and hold it and wait that like 0:09:41.240 --> 0:09:43.920 imagine the Dino that you almost bought but you didn't. 0:09:44.559 --> 0:09:48.520 This the the E ninety two in particular, you can 0:09:48.559 --> 0:09:50.800 get one for like fifty thousand. Now the rest of 0:09:50.840 --> 0:09:53.720 the BMWM three markt is gone up. You know, double 0:09:53.760 --> 0:09:58.160 digit percentages. This is the one, this is the smart one. 0:09:58.160 --> 0:10:00.760 I don't know for me. The at this point, the 0:10:00.840 --> 0:10:02.719 kidneys looked too tiny, you. 0:10:02.679 --> 0:10:04.080 Know, Oh, is that what that is? I was going 0:10:04.120 --> 0:10:05.240 to say, what do you like about it? 0:10:05.480 --> 0:10:08.679 Because now I've gotten used to the ugly, gigantic kidneys 0:10:08.720 --> 0:10:11.880 that I think they're too small, and the whole front 0:10:11.960 --> 0:10:13.839 end looks like someone pinched to it. 0:10:13.840 --> 0:10:17.840 It's just like women's bodies. You know, I'm not going there, 0:10:18.559 --> 0:10:21.360 I will go there. It's like, this reminds me of 0:10:21.360 --> 0:10:24.680 heroin Chic when everyone said Kate Moss was too small 0:10:24.720 --> 0:10:28.040 because she came up the supermodels were these like voluptuous women, 0:10:28.080 --> 0:10:30.160 and then we go down to Kate Moss and now 0:10:30.160 --> 0:10:33.520 we're back in the Kardashian era. It's all relative, you know, 0:10:33.720 --> 0:10:36.120 it's all like, whatever is the trend. 0:10:35.880 --> 0:10:38.520 Is Let's say hemlines, Let's say hemlines. 0:10:40.000 --> 0:10:42.079 Who has a heavy. 0:10:41.600 --> 0:10:44.079 Let's let's all right, let's talk about the Porsche that 0:10:44.120 --> 0:10:46.360 you drove, because I also want to get into Porschas 0:10:46.400 --> 0:10:49.839 that are still possible to buy for regular people. 0:10:49.840 --> 0:10:51.920 But the one you drove looked awesome. 0:10:51.920 --> 0:10:54.679 I saw your pictures on Instagram and they tore out 0:10:54.720 --> 0:10:57.040 obviously the interior and they made it into it's a 0:10:57.120 --> 0:10:58.880 race like an off road race vehicle. 0:10:58.720 --> 0:11:01.280 Right, yes, yes, So I have to be really careful 0:11:01.320 --> 0:11:04.920 because I cannot give driving impressions of this vehicle until 0:11:05.280 --> 0:11:08.079 next Tuesday, and that is when our actual coverage will 0:11:08.080 --> 0:11:09.600 come out, so look forward to that. 0:11:09.840 --> 0:11:10.720 But just what is it? 0:11:10.840 --> 0:11:13.320 Yeah, the car, the car itself. 0:11:13.520 --> 0:11:16.000 Is named Edith, and it's based on a nine to 0:11:16.000 --> 0:11:18.320 eleven and nine to nine to two Kara four s 0:11:18.800 --> 0:11:23.600 that Porsche basically Frankenstein into a rock crawler. 0:11:23.880 --> 0:11:26.000 This is not a nine to eleven de car. 0:11:26.120 --> 0:11:30.440 This is not some Safari Baja style nine to eleven 0:11:30.480 --> 0:11:32.960 that goes fast over sand. This is a rock crawler 0:11:33.240 --> 0:11:37.319 max speed sixty miles an hour, seven speed manual. And 0:11:37.640 --> 0:11:40.440 you can barely even move forward in first gear. I 0:11:40.440 --> 0:11:43.200 mean you could really you can really start the car 0:11:43.280 --> 0:11:47.960 in second gear and be fine. So this is this 0:11:48.120 --> 0:11:53.240 is about going slow over very very very rough, uneven terrain. 0:11:53.320 --> 0:11:56.200 And this is the car that they claim the world 0:11:56.320 --> 0:12:00.280 record for the highest altitude cross by a vehicle. This 0:12:00.400 --> 0:12:02.839 wasn't on a mountain in Chili. Now that record has 0:12:02.880 --> 0:12:05.960 not been certified by Guinness. Their Porsche is working to 0:12:06.000 --> 0:12:08.520 have it sort of certified. It's unclear to me why 0:12:08.600 --> 0:12:12.960 they didn't do that preemptively. Yeah, that will be discussed 0:12:12.960 --> 0:12:15.920 in further detail in my piece, but they're gonna call 0:12:15.960 --> 0:12:18.560 it a world record now. And the car itself looks 0:12:18.840 --> 0:12:19.640 so cool. 0:12:19.920 --> 0:12:20.800 It does look awesome. 0:12:21.440 --> 0:12:25.840 So it's made for like maximum articulation exactly, you know, 0:12:25.920 --> 0:12:28.000 pulling power exactly. 0:12:28.040 --> 0:12:30.720 And they even pulled some of the actual components from 0:12:30.760 --> 0:12:34.000 the nine to nineteen that they had developed back in 0:12:34.040 --> 0:12:36.280 the day for that race car and actually never used. 0:12:36.559 --> 0:12:39.880 So they're pulling old stuff to build this build on 0:12:39.960 --> 0:12:42.720 top of this nine nine to two career. For us, 0:12:43.040 --> 0:12:46.560 it's a very cool idea. They're not selling them, they're 0:12:46.600 --> 0:12:49.560 not making anymore. It's a one of one thing that 0:12:49.600 --> 0:12:53.120 they just wanted to do to get the record. And yeah, 0:12:53.280 --> 0:12:55.840 I all right, so say much. 0:12:55.760 --> 0:12:57.520 Well, no, no, you do not to say much more about it, 0:12:57.600 --> 0:13:00.000 but I will say when I looked at your instat 0:13:00.040 --> 0:13:03.200 Grand Posts, you know, I always complain about the fact 0:13:03.240 --> 0:13:06.800 that the the car is so expensive and unattainable, even 0:13:06.840 --> 0:13:09.520 though it's like that would be the perfect commuting Porsche 0:13:09.520 --> 0:13:11.839 for many people who live in cities like this. 0:13:12.080 --> 0:13:13.480 Yes, and I'm sure like that. 0:13:14.000 --> 0:13:16.599 And I looked at your pictures and thought, oh, you 0:13:16.840 --> 0:13:20.040 just safari your own like Matt Farra is the first 0:13:20.040 --> 0:13:21.800 one that I saw when he did that to his 0:13:22.480 --> 0:13:24.600 Do you see a lot of people doing that or yes? 0:13:24.920 --> 0:13:27.760 Is that a trend that has stuck with us or 0:13:27.800 --> 0:13:29.280 was it just a few people. 0:13:29.080 --> 0:13:32.400 In the well, it's it's a huge It's a huge trend, 0:13:32.520 --> 0:13:35.880 especially in California. I mean the to Baja like a 0:13:35.920 --> 0:13:38.200 Baja Bug or a Baja nine to eleven is not 0:13:38.320 --> 0:13:41.480 unusual at all. There's a guy out here named TJ. 0:13:41.600 --> 0:13:46.760 Russell who is building basically Baja style nine to elevens 0:13:46.800 --> 0:13:49.240 that can can go fast like the Dakar but can 0:13:49.240 --> 0:13:53.600 also rock crawl. Lee Tuttle is another one. So there 0:13:53.600 --> 0:13:55.720 are companies that will do it for you. Basically, you 0:13:55.760 --> 0:13:57.840 give them the car and then they will speck it 0:13:57.920 --> 0:14:01.000 for you and make it really capable. And yeah, I 0:14:01.040 --> 0:14:03.240 mean more people should do it. That's a great thing 0:14:03.280 --> 0:14:07.400 about Porsches. The components are so interchangeable. You can chop 0:14:07.440 --> 0:14:10.160 them up and move things around and it's kind of 0:14:10.240 --> 0:14:11.000 all the same car. 0:14:11.120 --> 0:14:13.400 But the problem is now, like if I want to 0:14:13.440 --> 0:14:15.520 buy a nine to eleven and take it to tuttle. 0:14:15.840 --> 0:14:19.080 I have to be, like, you know, a rock star 0:14:19.280 --> 0:14:20.320 or a pro wrestler. 0:14:20.560 --> 0:14:22.560 I think the wait list is a several years on them. 0:14:22.640 --> 0:14:26.200 But even to get like, can you still get an 0:14:26.200 --> 0:14:29.720 old eighties Carrera? Everyone talks about the G fifty They 0:14:29.720 --> 0:14:31.920 really want that transmission? Or can you still get like 0:14:31.920 --> 0:14:36.360 a nine to sixty four in good shape for less 0:14:36.360 --> 0:14:39.160 than you know, eighty ninety thousand dollars. 0:14:39.440 --> 0:14:43.640 No, I think those days are really over, and I 0:14:43.720 --> 0:14:47.120 do think you know again, when I spoke with I 0:14:47.160 --> 0:14:49.480 spoke with analysts from K five hundred, which is a 0:14:49.480 --> 0:14:54.840 great data firm based in Europe, among Haggardy Classic car 0:14:55.560 --> 0:14:57.320 all of those guys are saying, look, the nine to 0:14:57.360 --> 0:14:59.920 six form in particular probably will gain a little bit 0:15:00.120 --> 0:15:03.080 more value, and the nine nine toy three there's some 0:15:03.240 --> 0:15:06.200 room to grow. But already both of those are over 0:15:06.240 --> 0:15:09.680 one hundred thousand dollars models, and those are like the 0:15:09.800 --> 0:15:13.320 cheapest you could find, like the days of the turbos 0:15:13.360 --> 0:15:15.600 being twenty thousand dollars or I mean. 0:15:16.000 --> 0:15:17.920 Shoot, you used to be able to go at to. 0:15:17.920 --> 0:15:20.840 Pomona, swap meat out here in California and get like 0:15:20.840 --> 0:15:23.440 a nine to eleven t for seventy five hundred bucks 0:15:23.840 --> 0:15:24.960 on the regular. 0:15:24.720 --> 0:15:27.640 Or a nine to nine to six Turbo that was yeah. 0:15:27.320 --> 0:15:29.520 And you know they even had engines in them. These 0:15:29.560 --> 0:15:32.840 were running driving cars. And so I do really think 0:15:33.120 --> 0:15:36.040 that those days, unfortunately are over. 0:15:36.280 --> 0:15:37.920 So what do you think is the most attainable of 0:15:38.200 --> 0:15:40.560 I mean, I guess a nine nine to seven. People 0:15:40.800 --> 0:15:42.240 haven't gone crazy for those yet. 0:15:42.320 --> 0:15:43.480 Now here's the thing. 0:15:44.280 --> 0:15:47.360 I think that if you are willing to buy a 0:15:47.480 --> 0:15:51.280 high mileage nine to eleven, you can get a great deal. 0:15:51.680 --> 0:15:56.240 For instance, we at home have a nine to nine 0:15:56.280 --> 0:16:00.480 to one Turbos with over one hundred and eight thousand 0:16:00.560 --> 0:16:03.760 miles on it, and that's the daily I drove. That's 0:16:03.800 --> 0:16:07.400 what I drove here today. I drive it often. It's 0:16:07.400 --> 0:16:09.200 got one hundred and eighty thousand miles. We got it 0:16:09.240 --> 0:16:11.600 for pennies on the dollar, and that used to be 0:16:11.760 --> 0:16:13.840 the top of the line. It's at twenty fourteen. It 0:16:13.880 --> 0:16:15.000 was the top of the line. 0:16:14.840 --> 0:16:15.480 Of course. Yeah. 0:16:15.560 --> 0:16:15.840 Yeah. 0:16:15.920 --> 0:16:18.040 So I one time I spoke with Wolfgang Porsche and 0:16:18.080 --> 0:16:19.520 I asked him which one he would buy if you 0:16:19.560 --> 0:16:19.960 could have it? 0:16:20.040 --> 0:16:20.800 Did he say that one? 0:16:20.840 --> 0:16:22.560 He said a Turbos, And I thought it was such 0:16:22.600 --> 0:16:24.560 a boring answer, but no, I get it. 0:16:25.080 --> 0:16:26.600 I if I was going to have a new nine 0:16:26.640 --> 0:16:28.000 to eleven right now, i'd have the nine to nine 0:16:28.080 --> 0:16:31.040 two turbos, and the Daily right now is a nine 0:16:31.040 --> 0:16:31.480 to nine one. 0:16:31.760 --> 0:16:34.880 So I think the high mileage thing is interesting, and 0:16:34.920 --> 0:16:36.840 I hadn't really thought about it. Every time I look 0:16:36.880 --> 0:16:40.000 for a car, like probably everybody else, I limit the mileage. 0:16:40.440 --> 0:16:44.640 But I saw that guy Paul Kramer has a rally 0:16:44.680 --> 0:16:48.320 like a nineteen eighty six Carrera car and he apparently 0:16:48.360 --> 0:16:50.360 bought it with two hundred thousand miles on it and 0:16:50.440 --> 0:16:52.920 now has like over three hundred thousand miles on it. 0:16:52.960 --> 0:16:56.320 So do you see Porschas with like high mileage doing well? 0:16:56.360 --> 0:16:58.760 I mean, are they just reliable cars you if you 0:16:58.760 --> 0:16:59.440 take care of them. 0:16:59.600 --> 0:17:02.360 Well, yeah, there's a friend. I've got a friend out 0:17:02.360 --> 0:17:05.480 in Florida who drives his three point fifty six cross 0:17:05.600 --> 0:17:08.439 country and has for years. I need to check back in, 0:17:08.520 --> 0:17:10.280 but I know he's probably in the two to three 0:17:10.359 --> 0:17:13.520 hundred thousand miles on his three five six. I don't 0:17:13.640 --> 0:17:17.720 see why it's a bad thing to me a car 0:17:17.760 --> 0:17:20.680 with super low miles. I'm like, h hasn't really been 0:17:20.760 --> 0:17:21.960 tried and tested, has it. 0:17:22.200 --> 0:17:22.400 Right. 0:17:23.000 --> 0:17:25.600 Paul's a great guy. That green car, I think that's 0:17:25.600 --> 0:17:26.800 the one you're talking about that. 0:17:26.720 --> 0:17:29.280 He's got the Turtle LaTortuga exactly. 0:17:29.359 --> 0:17:32.280 He drives it everywhere and I think I'm actually going 0:17:32.320 --> 0:17:34.600 to see him on Saturday. He's got a little a 0:17:34.640 --> 0:17:39.480 little gathering down at his shop. But to me, high mileage, 0:17:39.560 --> 0:17:41.680 if the car has been maintained, I think the important 0:17:41.720 --> 0:17:44.080 thing is how many owners has it had? What are 0:17:44.080 --> 0:17:46.960 the maintenance records? Like where did it live? Is this 0:17:47.160 --> 0:17:58.080 car in Detroit or is it in you know, Santa Barbara. 0:17:58.680 --> 0:18:01.919 Let's move to the world of evs because you know, 0:18:01.920 --> 0:18:05.040 we've been talking about this a bunch, but I think 0:18:05.359 --> 0:18:09.280 dark clouds have really moved in here. There was massive 0:18:09.280 --> 0:18:12.960 growth in twenty twenty two annual EV sales in the 0:18:13.040 --> 0:18:16.919 US crew sixty percent. Last year they only grew forty 0:18:16.960 --> 0:18:19.360 seven percent. But in the fourth quarter of last year, 0:18:19.400 --> 0:18:23.240 EV sales only grew one point three percent, and analysts 0:18:23.280 --> 0:18:26.240 at UBS expect growth this year to only be eleven percent. 0:18:26.280 --> 0:18:29.840 So they're still growing EV sales, you know, in the 0:18:29.920 --> 0:18:33.840 US and globally, but the growth has slowed down. Drastically, 0:18:33.880 --> 0:18:36.560 and that's because I think all the rich people have 0:18:36.680 --> 0:18:40.840 bought them, you know, as a third car or an 0:18:40.840 --> 0:18:43.879 eco warrior, God bless them, have bought them to do 0:18:44.040 --> 0:18:48.040 their part. But everybody else thinks they're too expensive and 0:18:48.080 --> 0:18:49.680 you can't find a place to charge them, and they're 0:18:49.720 --> 0:18:50.400 just not convenient. 0:18:50.640 --> 0:18:54.600 It's really interesting to see, you know, you sent me 0:18:54.960 --> 0:18:58.760 a bunch of these great reporting that Bloomberg reporters have 0:18:58.840 --> 0:19:02.640 done on this topic, and it's kind of unbelievable how 0:19:03.000 --> 0:19:07.680 there's just a hard component of American consumers that are like, no, 0:19:08.080 --> 0:19:10.480