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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. I'm Hannah Elliott and

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Speaker 1: I'm Matt Miller. This is Hot Pursuit. My old friend

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Speaker 1: Doug DeMuro is coming on. I guess friend is a

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Speaker 1: it's probably too familiar. I've known him for a long

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Speaker 1: time because I met him back in the days of

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Speaker 1: Jelopnick and what was the other one called Opposite Lock,

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Speaker 1: which is a website that I really loved, and he

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Speaker 1: he wrote for them. But he's obviously a very famous

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Speaker 1: YouTuber and I watch a lot of YouTube, so and

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Speaker 1: he is a podcast that I listen to all the.

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Speaker 2: Time and a very successful.

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Speaker 1: Auction cars and bidge, which I'm like stalking every day

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Speaker 1: for my Dream nine ninety seven. So yeah, I've been

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Speaker 1: I'm a fan, a long term fan, and I've been

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Speaker 1: on his is. He used to have a show that

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Speaker 1: I went on at one time. I think with Matt

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Speaker 1: Hart Agree from Julapin.

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Speaker 2: I'm going to say this is all very Matt Hart

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Speaker 2: agree era.

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Speaker 1: Yeah, it's that whole crew which I reveled in and

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Speaker 1: miss dearly. But yeah, so what a cool career he's had.

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Speaker 2: Right, And we'll.

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Speaker 1: Talk to him about that, and also what a fantastic garage.

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Speaker 1: He's built. Like you know, everybody says, uh, everybody thinks

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Speaker 1: about his or her dream garage with like three or

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Speaker 1: four cars, and he has built that.

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Speaker 2: He's done it. It is really cool. And I didn't

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Speaker 2: know sort of some of the risks he took on

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Speaker 2: those cars that he put in his dream garage too.

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Speaker 2: I did not realize that was it was that touch

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Speaker 2: and go.

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Speaker 1: Let's get straight into it. Here is Doug DeMuro from

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Speaker 1: Cars and Bids. All right, let's jump right into it. Dude.

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Speaker 1: I'm a big fan of your of your podcast, and

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Speaker 1: one of the first things I wanted to ask or

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Speaker 1: one of the things I wonder all the time because

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Speaker 1: I listen a lot, but I have no idea. The

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Speaker 1: other dudes are so and you never like spend any

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Speaker 1: time explaining the characters. Everybody knows who you are, but

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Speaker 1: who are the other guys? Like where did you find them?

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Speaker 1: And what do they normally do?

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Speaker 2: We?

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Speaker 3: Uh, there's kind of a rotating cast of other people

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Speaker 3: on our podcast. We have we have Filipo uh, and

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Speaker 3: we have Kennon and we have Nick. Those are the

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Speaker 3: big three. There's a few others who come on here

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Speaker 3: and there but those are the big three and honestly

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Speaker 3: they're just my personal friends. Now Filipo and Kennon work

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Speaker 3: with us at Cars and Bids. I may have made

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Speaker 3: the mistake or maybe it was a great decision of

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Speaker 3: hiring most of my personal friends to come and work

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Speaker 3: for me or with me at this point. So that's

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Speaker 3: they they're they're just they're just guys who are in

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Speaker 3: the cars and and we we we hang out a lot,

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Speaker 3: and we realized at some point, like the banter that

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Speaker 3: we have is podcastable, like people would probably listen to this,

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Speaker 3: and so it's we do that's what we do. That's great.

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Speaker 2: People seem belove it, So that's you. You you do

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Speaker 2: have a knack for it, because a lot of people

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Speaker 2: that and then when they try to execute it's like,

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Speaker 2: actually they realize, oh no, no, no, nobody wants to listen,

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Speaker 2: So you do have something special.

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Speaker 3: Yeah, I mean it's worked well. People clam up a

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Speaker 3: lot of the time when they're on camera, and obviously

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Speaker 3: I'm not gonna do that, but even these guys like

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Speaker 3: it took a little bit of coaxing. And also we're

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Speaker 3: pretty tight with our format. And I think one mistake

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Speaker 3: that a lot of podcasters make like a lot of

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Speaker 3: bros who think they can just do it. Is people

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Speaker 3: don't want to just listen to ramblings like. It's nice

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Speaker 3: to have like actual like guests like this, or like

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Speaker 3: an actual format or something like that that isn't just

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Speaker 3: like a couple of guys being like I feel like

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Speaker 3: I heard somewhere. You know, that gets old unless you're

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Speaker 3: unless you're what's his name who kills it all the time?

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Speaker 1: Sure, you're very good at the news on top for

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Speaker 1: me is the most valuable because even though I'm in

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Speaker 1: the news business, Hannah and I are sitting in front

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Speaker 1: of a Bloomberg terminal all day long day, I don't

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Speaker 1: get the stories that you guys broadcast. For some reason,

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Speaker 1: it's like a different I guess Filipo and Kennon are

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Speaker 1: looking at different outlets, So.

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Speaker 3: Yeah, I mean, you guys probably are getting more like

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Speaker 3: legitimate industry news, and I think sometimes we cover more

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Speaker 3: like cheeky, ridiculous car but but the news is definitely

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Speaker 3: the biggest. When I go to car events, I am

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Speaker 3: shocked at the number of car industry people who are like, yo,

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Speaker 3: I listen to your podcast every single week, and some

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Speaker 3: of them admit to turning it off after the news.

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Speaker 3: I'm totally fine, But everybody, everybody seems to be interested

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Speaker 3: in our in our take on it, or at least

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Speaker 3: in just us telling people what the news is. Maybe

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Speaker 3: they don't care what we think, but it's a good

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Speaker 3: wrap up of the week's news.

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Speaker 2: I think people care because I've had multiple people We've

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Speaker 2: been talking about having you on for a minute, Doug.

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Speaker 2: And I've had multiple people at random car events walk

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Speaker 2: up and say, when are you having Doug on? You've

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Speaker 2: been promising him, you know, And they are also fans

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Speaker 2: of your work, the YouTube, cars and bids everything. Can

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Speaker 2: we take it back to like the very beginning and

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Speaker 2: hear your origin story and did you work for Porsche

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Speaker 2: at one time? To tell us about the arc of

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Speaker 2: your career for those of us who don't know every turn.

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Speaker 3: I went to Emory University, which is in Atlanta, and

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Speaker 3: Porscha's corporate headquarters is also in Atlanta, and so I

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Speaker 3: got an internship when I was working there, Like it

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Speaker 3: wasn't totally out of the realm they had. I don't

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Speaker 3: know what they still do. Maybe they still do, but

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Speaker 3: at the time they had probably two dozen interns who

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Speaker 3: who were tasked with probably more than an interurn should

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Speaker 3: have been. But you know, everybody wanted to work in

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Speaker 3: the car business, and so after my internship ended, I

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Speaker 3: got hired as a full time position. A lot of

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Speaker 3: people think it was in PR and marketing because that's

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Speaker 3: what I do now, but it was actually in fixed operations,

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Speaker 3: like I was part of allocating the vehicles to the dealerships,

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Speaker 3: just worked a ton with the dealers with our operations team,

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Speaker 3: also with like volume planning and options planning. It was

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Speaker 3: a way to learn the car industry, to be honest,

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Speaker 3: but at like age twenty four, I was like, I

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Speaker 3: don't know that I want to be sitting in a

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Speaker 3: cube for the rest of my life. And so, you know,

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Speaker 3: started making moves in a different direction and started right

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Speaker 3: for Originally it was the Truth about Cars, which I

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Speaker 3: don't know if that even still exists, but then it

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Speaker 3: became Jelapnick, back when Jelapnick was like the big car blog.

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Speaker 3: And eventually, you know, I started doing videos. I actually

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Speaker 3: got a letter from not a letter, but an email

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Speaker 3: from a reader who was like, yo, I like your articles,

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Speaker 3: you should make videos. And that was probably thirteen years ago.

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Speaker 2: Wow.

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Speaker 3: Wow, that's how the videos started. So all of this

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Speaker 3: was perfect timing and by pure luck. I'd like to

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Speaker 3: claim it was all brilliance and hard work, but the

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Speaker 3: truth is I got into YouTube just as it was

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Speaker 3: really taking off. We launched cars and bids, just as

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Speaker 3: the you know, the car market was crazy during COVID.

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Speaker 3: There was a lot of good timing.

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Speaker 1: Here, good timing. But you did something and that Hannah

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Speaker 1: also does that. I think a lot of even car

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Speaker 1: enthusiasts who are deep in it, lacked the courage to do,

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Speaker 1: which is, you bought a used car that could a

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Speaker 1: couple of used cars. I don't know your whole history,

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Speaker 1: but you bought a couple of used cars that could

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Speaker 1: have been absolute money pit disasters. One of them I

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Speaker 1: remember was a range Rover. And you bought some kind

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Speaker 1: of long term guarantee, which the company that sold to

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Speaker 1: you like totally regretted because you kept like calculating how

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Speaker 1: much they had to spend on your on your guarantee,

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Speaker 1: and then you and then you bought like a Ferrari

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Speaker 1: three sixty right, if I recall, it was like eighty grand,

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Speaker 1: which you know, it's a lot of money for a

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Speaker 1: kid in his twenties, but even at fifty, like, I'm

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Speaker 1: afraid to pull that trigger because I feel like the

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Speaker 1: maintenance could kill me.

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Speaker 3: Oh, it was a huge risk. It was the biggest

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Speaker 3: risk of my entire life. I put every penny that

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Speaker 3: I had ever made down as a down payment on

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Speaker 3: that car. Even then, the bank wouldn't take me. So

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Speaker 3: my parents had to co sign that loan. Yeah, they had.

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Speaker 1: And You're like, mom and Dad, please co sign a

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Speaker 1: loan for a Ferrari, And they were like, okay.

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Speaker 3: Actually, it's actually kind of funny because my parents are

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Speaker 3: some of the most like conservative, straight laced people that

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Speaker 3: you'll ever meet, And looking back on it, I can't

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Speaker 3: believe they agreed to do that. I don't think they

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Speaker 3: ever considered that they might have to actually put any

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Speaker 3: money up, which is good because they didn't. Ultimately like

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Speaker 3: it worked out, but it could have gone really badly, right,

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Speaker 3: But yeah, that Ferrari was, you know, in the Ferrari.

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Speaker 3: It's funny because that when I did that, it was

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Speaker 3: twenty thirteen, and that was a big deal. Back then,

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Speaker 3: no one on YouTube had a Ferrari, you know, like

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Speaker 3: YouTubers were a bunch of kids playing video games and

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Speaker 3: doing dumb pranks and things like that, like the idea

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Speaker 3: of a guy on YouTube as a Ferrari, and that's

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Speaker 3: really what jump started my career. And it's ironic to

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Speaker 3: think about it now because you know, people on YouTube

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Speaker 3: now have Bugattis and Kniggs and it's like a pretty

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Speaker 3: common thing. It never would have been successful back today,

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Speaker 3: but it worked at the time because it was so

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Speaker 3: novel and kind of interesting for people. A lot of

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Speaker 3: people were like you, Matt, thinking like, you know, could this?

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Speaker 3: Could I do this? This guy is doing There's like

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Speaker 3: there's an idiot out of here on YouTube doing this,

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Speaker 3: like could I do it? And I think the videos

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Speaker 3: helped kind of illuminate that story.

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Speaker 1: I mean, you already had to be fair an economics degree.

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Speaker 3: From I wasn't a complete d.

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Speaker 1: He's a very good school, by the way. By the way,

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Speaker 1: I still Hannah, I still remember the first day I

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Speaker 1: learned that you had a Rolls Royce, because you also

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Speaker 1: went out and bought like what a nineteen seventy one

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Speaker 1: Rolls Royce?

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Speaker 2: Is that the first silver Shadow?

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Speaker 1: Was that the first hot car you ever bought?

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Speaker 2: I had, Actually I that was a swap I got

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Speaker 2: it an sl An eighty eight at Mercedes sl which

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Speaker 2: was a bit of a lemon. So I took it back.

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Speaker 2: We took it back to the guy that we bought

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Speaker 2: it from, and we kind of said, can we swap

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Speaker 2: this out for that thing in the corner plus a

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Speaker 2: plus a little more cash, And so it was a

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Speaker 2: trade on a car that actually broke down when we

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Speaker 2: got it out of the garage and druk when we

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Speaker 2: on our test drive it broke down. And we still

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Speaker 2: bought it of course.

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Speaker 3: So like.

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Speaker 2: I still have it and I drive it often and yeah,

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Speaker 2: it's great, Like I don't. It's not like a rational

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Speaker 2: decision necessarily, right, Doug. It's just like a fascination and

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Speaker 2: you know something's gonna you know, not everything. It's going

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Speaker 2: to work. But that's not the point, is it.

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Speaker 3: Yeah. No, I try to explain that to people. I

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Speaker 3: have a cootash and I try to explain that to people.

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Speaker 3: People are a lot of people who insist that they

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Speaker 3: want some amazing automotive experience. Yeah, the moment I say kuntash,

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Speaker 3: they clam up, and it's like, I feel like you

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Speaker 3: can't be a true enthusiast unless you're willing to every

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Speaker 3: day you're not really sure what's going to happen. There's

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Speaker 3: at least one car in your life that's like that.

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Speaker 2: It is very exciting. I mean, do you find that

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Speaker 2: people sort of default back into the you know, the

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Speaker 2: the nuts of knowledge that they've heard at car shows

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Speaker 2: that they have no actual existing experience. They just hear

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Speaker 2: these things thrown around and they repeat them when they

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Speaker 2: hear kuntash. Same for rolls Royces. I'm sure they've got things. Yeah,

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Speaker 2: and maybe maybe they're true, but maybe they're not true.

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Speaker 3: I think I think it is unbelievable how often I

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Speaker 3: have kids coming up to me and telling me about

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Speaker 3: the career gets clutch and the kuntash is really ability,

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Speaker 3: and it's like I've been living with these cars for years.

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Speaker 3: I know the truth about this. I got six thousand

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Speaker 3: miles of the courageingtea. I tell you about the fuss.

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Speaker 3: It's kind of funny. Yes, I think that is. I

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Speaker 3: think that is a truth. And I know you guys

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Speaker 3: talk to Farah and like it's it's it's the same sitty.

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Speaker 3: He's got a kuntash also, and we're both just obsessed

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Speaker 3: with these cars. And I think it takes a certain

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Speaker 3: type of person to roll that dice. But I think

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Speaker 3: it also takes a certain type of person to just

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Speaker 3: buy a PDK nine to eleven. And that's your enthusiast car,

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Speaker 3: you know. I I, yes, I'm probably in one end

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Speaker 3: of the spectrum, but I don't really want to go

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Speaker 3: to the sanitized end of the spectrum too much because

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Speaker 3: I kind of like, like the the soul that that

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Speaker 3: car gives me is insane, and I think well maintained

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Speaker 3: and well prepared, you actually can have a pretty good experience.

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Speaker 3: And my Kuntash has stranded me twice, but both repairs

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Speaker 3: were like, we got it done the next day, and

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Speaker 3: I put over three thousand miles on them.

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Speaker 1: It's funny. I'm the guy who thinks of this, Like

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Speaker 1: whenever I think about a Karera GT, I always think

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Speaker 1: it's a terribly dangerous car and I would be so

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Speaker 1: scared to drive one. But what is the actual truth

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Speaker 1: of the Careera GT. I mean, that's your favorite one, right,

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Speaker 1: You have a garage full of supercars, but that seems

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Speaker 1: to be your number one I have.

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Speaker 3: The Kuntash is my favorite, actually, for sure my favorite. However,

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Speaker 3: the Kuraget is my favorite to drive. There's no question

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Speaker 3: the CURERGT. Having driven every car, the Kurergitt, I think

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Speaker 3: is the Ferrari F fifty and the Pagani Zanda are

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Speaker 3: the only cars that I really think are are like

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Speaker 3: top three along with Karer GT. And we put new

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Speaker 3: suspension on my curerge Et like two years ago, and

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Speaker 3: with that suspension upgrade, it honestly may just be number one.

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Speaker 3: It's just it's funny that it has this reputation for

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Speaker 3: being so dangerous because it has been involved in a

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Speaker 3: lot of high profile acts, some of which were fatal.

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Speaker 3: But I have never like I have modern tires, modern suspension,

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Speaker 3: and I feel like the car is so controllable and

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Speaker 3: so incredibly surgical and precise and capable, and I've never

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Speaker 3: really had any big fear. And I've driven at six

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Speaker 3: thousand miles now and I really have it down. And

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Speaker 3: I think maybe that takes that there's some learning curve

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Speaker 3: that people need to get into, but I feel on

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Speaker 3: there and I just think it's one of the most

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Speaker 3: I honestly think it drives not much different from a boxer,

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Speaker 3: just just a little bit more precise, a little bit

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Speaker 3: louder a lot louder, a lot more pace, but it's

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Speaker 3: like a pretty it's a fairly similar driving experience.

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Speaker 1: Plus it's a Formula one derived motor right, all of

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Speaker 1: Doug's big cars are Formula one drived. If you listen

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Speaker 1: to this podcast.

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Speaker 3: That's what I like to That's what I liked it is, Hey, Matt,

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Speaker 3: what are you driving? Do you still have nine to eleven?

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Speaker 1: No? I sold that because I brought it to Berlin

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Speaker 1: with me and at the time it was only like

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Speaker 1: four or five grand to ship it. And when I

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Speaker 1: moved back from Berlin in at the end of twenty one,

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Speaker 1: it was like twenty five grand to ship it, so

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Speaker 1: that stayed there. It stayed there. Fortunately, it helped me

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Speaker 1: buy a really nice house in uh And, by the way,

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Speaker 1: the same trait. At the same time I sold my

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Speaker 1: I had bought a g g Wagon, a G five

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Speaker 1: hundred in Germany. They're the five point fifty here and

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Speaker 1: it's the only car I've ever made money on. I

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Speaker 1: sold that after owning it for a couple of years,

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Speaker 1: putting thirty thousand miles on it, and I made a

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Speaker 1: boatload on that. So I just have like a little

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Speaker 1: Portie and Mercedes emblem on the chimney at my house.

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Speaker 1: I have actually a Dodge Challenger, which I love the

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Speaker 1: scat pack. But I want to ask about a couple

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Speaker 1: more of your cars. One of them is the four GT.

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Speaker 1: I think, although it could just be a legend, is

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Speaker 1: a story that I wish I heard more often. So

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Speaker 1: is it true that the guy who sold you that

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Speaker 1: car was actually just a regular journalist like all of us,

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Speaker 1: and then he didn't look to make like a massive profit.

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Speaker 1: He just wanted to sell it to you because he

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Speaker 1: thought you were a good dude, and you thought he

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Speaker 1: was a good dude, and you guys should have those cars.

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Speaker 3: Yeah, I mean he sold it to me for like

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Speaker 3: a market correct number. I didn't like get a deal

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Speaker 3: on it. But his name is Carl Brauer, and he

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Speaker 3: was and still is a car journalist, Kelly book guy, right, yeah, Blue,

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Speaker 3: He worked for Kelly Blue, but Key worked for Edmunds.

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Speaker 3: He worked for a bunch of different and he actually

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Speaker 3: bought the four GT you O five brand new from

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Speaker 3: Santa Monica Ford and he he it was Edmund's long

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Speaker 3: term test car for a year. And I don't know

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Speaker 3: what deal he worked out with them, you know, like

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Speaker 3: he probably was able to expense all the initial you know,

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Speaker 3: the track days that he did the first year or whatever.

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Speaker 3: But he owned it for thirteen years, and I don't

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Speaker 3: think that he ever would have expected that he would

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Speaker 3: make money on it. You know, when those cars came out,

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Speaker 3: they initially lost money pretty quickly, and they were overproduced.

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Speaker 3: They made too many of them. I still feel like

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Speaker 3: it's a car that they made a lot of, But

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Speaker 3: the market really started to come around. And it's actually

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Speaker 3: funny because I remember when I bought that. He bought

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Speaker 3: it new at sticker which was one fifty five. I

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Speaker 3: bought it from him in eighteen at a market correct

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Speaker 3: number which was two hundred and twenty five thousand. At

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Speaker 3: the time, the car had thirty one thousand miles on it,

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Speaker 3: which was was and still is an ultra high mileage

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Speaker 3: for GT. And I remember thinking I was I was

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Speaker 3: set again, spending my last DOT like this was the

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Speaker 3: most I'd ever spent on anything. I had never bought

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Speaker 3: a house at the time. It was a crazy, crazy

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Speaker 3: amount of money, and looking back on it, I wish

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Speaker 3: I had bought two. I never really expected the car

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Speaker 3: would continue to shoot up like it kind of has.

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Speaker 3: And I've had to increase my insurance premiums a couple

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Speaker 3: of times on it, but it's worth it. I drive

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Speaker 3: that car more than any of the others, and I

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Speaker 3: think it's just about forty six thousand miles now.

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Speaker 1: It is one of my absolute favorites. I mean, I

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Speaker 1: think it's the best of the GTS, including the original,

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Speaker 1: probably because it would be difficult for me to fit,

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Speaker 1: and obviously you also wouldn't fit in the ear.

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Speaker 3: You would definitely not fit the new one. I don't

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Speaker 3: like as much. But my car is so controllable, it's

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Speaker 3: so easy. It's just such a special car, and it

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Speaker 3: never gives me trouble. The car has never broken down,

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Speaker 3: It has never needed anything other than regular servicing. It

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Speaker 3: is a very easy car to drive and use an own.

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Speaker 2: Which of these sort of big purchase is have you regretted, Doug?

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Speaker 2: Surely there's been le one that was like kind of

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Speaker 2: a disappointment or it didn't work out in a positive

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Speaker 2: way like you had hoped.

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Speaker 3: None of the cars. I spend an inordinate amount of

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Speaker 3: time thinking about what cars I should get and researching

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Speaker 3: the hell out of them, and then making the decision.

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Speaker 3: And I have to this day. Never sold a car

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Speaker 3: that I like, like a really like one of my

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Speaker 3: big cars. I bought that GT the four GT It's

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Speaker 3: were coming up on eight years. The Courage team, the

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Speaker 3: Kumtash had been with me for more than three years.

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Speaker 3: I've never really regretted one. In the early days, there

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Speaker 3: were some cars that I wish I was a little

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Speaker 3: bit smarter about. I bought a you know, two G

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Speaker 3: five hundred G Wagon before I knew about rust and

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Speaker 3: it was a horribly rusty. But I also feel like

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Speaker 3: I don't even regret those. There were there were others

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Speaker 3: similar kind of thing. Transmission died on a on a

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Speaker 3: range Rover. I don't really regret those because you learn,

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Speaker 3: you know, when you're three and you got nothing else

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Speaker 3: going on, like you almost need that headache in your life,

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Speaker 3: like you need something to do. And that that taught

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Speaker 3: me so much about cars, like about maintaining cars, about

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Speaker 3: what to look forward buying cars, about what cars are

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Speaker 3: going to be awful. A lot of this stuff was

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Speaker 3: before the days of widespread internet YouTube, and so you

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Speaker 3: didn't necessarily know that a range Rover was a horrible decision.

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Speaker 3: You know, that was all kind of word of mouth

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Speaker 3: and I even though I lost a lot of money

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Speaker 3: on some of those cars early on, I also learned

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Speaker 3: a ton, a ton of ton and that's really important.

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Speaker 1: I want to ask about the cars and bids the business,

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Speaker 1: because you're right, this has been a huge growth area

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Speaker 1: with cars and bids. With the other big site that

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Speaker 1: I know you guys often don't name, Hagardy has gotten

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Speaker 1: into it, right, Hemmings has kind of a weird old

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Speaker 1: version of it. How is that? How is that business going?

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Speaker 1: And did you part didn't you partner up with someone

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Speaker 1: on that business?

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Speaker 3: Yeah? Yes. We sold the majority to a private equity

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Speaker 3: firm in LA called the Churning Group, which has been

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Speaker 3: a wonderful partner. Honestly, it's been everything I could have

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Speaker 3: possibly imagined from a private equity firm. They've just kind

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Speaker 3: of let me do my content, which I think is

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Speaker 3: what I was.

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Speaker 1: By the way, normally, when you imagine doing a deal

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Speaker 1: with a private equity firm, it's like the best regret

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Speaker 1: of your life. So totally it's better than you thought.

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Speaker 1: Then most people have experience.

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Speaker 3: With absolutely everybody thinks about private equity ruining stuff. But

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Speaker 3: I don't feel like that's been our business at all.

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Speaker 3: We've got. We make more content than ever before, we

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Speaker 3: saw more cars than ever before. We now have hired

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Speaker 3: an actual executive to run the business, which was great

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Speaker 3: because I shouldn't be doing that as a person who

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Speaker 3: makes YouTube videos as a profession. I shouldn't be making

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Speaker 3: hr decisions.

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Speaker 2: As you know that you're self aware, you know, yes, yes, come.

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Speaker 1: On, you have an economics degree.

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Speaker 3: Now, I'm not capable of this, and honestly I did.

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Speaker 3: There was a time when I probably was capable of it.

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Speaker 3: But I've got too many years on YouTube now where

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Speaker 3: I just like, it messes with your brain. I can't

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Speaker 3: have a normal job ever again. But it's gone great.

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Speaker 3: I've we've been absolutely shocked at how well it's gone.

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Speaker 3: You know, when we launched that in the spring of twenty,

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Speaker 3: we were planning to launch that on like March one

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Speaker 3: or May one of twenty, and of course covid was

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Speaker 3: going on, so we pushed it a little bit, thinking

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Speaker 3: that covid would just end, and it didn't. But we

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Speaker 3: had already spent so much money. We were like, we

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Speaker 3: have to get this thing launched and start making money.

433
00:20:26,160 --> 00:20:28,240
Speaker 3: And little did we know we were launching into the

434
00:20:28,280 --> 00:20:32,639
Speaker 3: greatest car market post war car market, and it all

435
00:20:32,720 --> 00:20:36,120
Speaker 3: kind of worked out and now it's bigger than it's

436
00:20:36,119 --> 00:20:38,440
Speaker 3: ever been. Last month was our all time record month.

437
00:20:38,520 --> 00:20:40,720
Speaker 3: Like it's just growing and growing in a wonderful way.

438
00:20:41,080 --> 00:20:43,120
Speaker 3: And I got to tell you something. I recently tried

439
00:20:43,119 --> 00:20:45,880
Speaker 3: to buy a car on Facebook Marketplace, and I now

440
00:20:46,040 --> 00:20:48,800
Speaker 3: believe that Cars and Bids and the other auction sites

441
00:20:48,840 --> 00:20:52,280
Speaker 3: plural but especially Briga Trailer are actually doing a massive

442
00:20:52,400 --> 00:20:56,360
Speaker 3: service to the automotive community because Facebook Marketplace is the

443
00:20:56,400 --> 00:20:59,560
Speaker 3: worst thing that could ever happen to humanity. And so

444
00:20:59,760 --> 00:21:03,240
Speaker 3: now I have this like renewed appreciation for our business because.

445
00:21:02,960 --> 00:21:06,080
Speaker 2: It's it makes me kind of why give us the

446
00:21:06,119 --> 00:21:08,000
Speaker 2: story trying.

447
00:21:07,760 --> 00:21:10,840
Speaker 3: To buy a Mercedes station Wagon. All of my children

448
00:21:10,840 --> 00:21:13,800
Speaker 3: have come home from the hospital in a European station Wagon,

449
00:21:13,840 --> 00:21:15,440
Speaker 3: so my two children and now I have a third

450
00:21:15,440 --> 00:21:18,040
Speaker 3: one coming and so I'm like ready for another. I

451
00:21:18,040 --> 00:21:21,160
Speaker 3: need to get another euro Wagon. I gotta round this out.

452
00:21:21,440 --> 00:21:23,160
Speaker 3: And so I was, I'm trying to buy a Mercedes

453
00:21:23,160 --> 00:21:25,560
Speaker 3: E fifty five wagon, and there's just been a complete

454
00:21:25,640 --> 00:21:28,560
Speaker 3: nightmare every story of the book on Facebook Marketplace. You

455
00:21:28,560 --> 00:21:31,359
Speaker 3: know the guy won't I'll send you those pictures tomorrow,

456
00:21:31,400 --> 00:21:33,560
Speaker 3: and then tomorrow comes, Oh, you don't hear from them.

457
00:21:33,600 --> 00:21:35,440
Speaker 3: Then the next day comes, oh, I've got someone else

458
00:21:35,480 --> 00:21:39,159
Speaker 3: offering me this much. You know every bs, Facebook, marketplace story.

459
00:21:39,520 --> 00:21:41,440
Speaker 3: And I'm sitting here thinking, this is why I hate

460
00:21:41,440 --> 00:21:43,560
Speaker 3: this process. This is why I prefer to buy all

461
00:21:43,640 --> 00:21:44,639
Speaker 3: the auction sites.

462
00:21:44,760 --> 00:21:45,640
Speaker 1: Wait, didn't you have an.

463
00:21:47,520 --> 00:21:50,880
Speaker 3: I had a couple of sixty three wagons? Yeah?

464
00:21:50,920 --> 00:21:52,400
Speaker 1: But you want to do you want to go down

465
00:21:52,400 --> 00:21:53,800
Speaker 1: to the fifty five? What's up with that?

466
00:21:54,600 --> 00:21:57,680
Speaker 3: Because the original E fifty five wagon they didn't sell

467
00:21:57,680 --> 00:21:59,919
Speaker 3: it in the US. But it's like the most reliable

468
00:22:00,040 --> 00:22:03,919
Speaker 3: and also the most practical. And my life is is

469
00:22:03,960 --> 00:22:08,040
Speaker 3: gonna is all about car seats and carrying strollers and

470
00:22:08,160 --> 00:22:08,760
Speaker 3: stuff like that.

471
00:22:09,280 --> 00:22:11,040
Speaker 1: I'm right there with you. I'm right there with you.

472
00:22:11,080 --> 00:22:14,000
Speaker 3: But but yeah, So anyway, the business has doing well.

473
00:22:14,040 --> 00:22:16,280
Speaker 3: Everything's been great. I've been impressed with it. And bringing

474
00:22:16,320 --> 00:22:18,240
Speaker 3: trailers doing well too. Everybody seems to be doing well

475
00:22:18,240 --> 00:22:20,320
Speaker 3: except for the other ones you named. You know, it's

476
00:22:20,359 --> 00:22:23,040
Speaker 3: interesting because we launched this business with my audience kind

477
00:22:23,040 --> 00:22:25,919
Speaker 3: of at our as the wind at our sails, and

478
00:22:25,960 --> 00:22:27,520
Speaker 3: I think a lot of other people have tried to

479
00:22:28,000 --> 00:22:30,600
Speaker 3: also do these sites and have discovered that it ain't

480
00:22:30,640 --> 00:22:33,520
Speaker 3: so easy. Even though I'm kind of I look like

481
00:22:33,600 --> 00:22:35,159
Speaker 3: kind of an idiot my shorts and T shirt in

482
00:22:35,200 --> 00:22:37,320
Speaker 3: a parking lot making these car videos. This is not

483
00:22:37,400 --> 00:22:38,719
Speaker 3: as easy as it looks.

484
00:22:38,760 --> 00:22:41,640
Speaker 2: What's the hardest thing about it? What don't people get?

485
00:22:43,119 --> 00:22:46,480
Speaker 3: I think that people truly don't understand just how hard

486
00:22:46,520 --> 00:22:48,800
Speaker 3: it is to get buyers and sellers to show up.

487
00:22:49,119 --> 00:22:51,320
Speaker 3: Sellers won't show up if they don't believe there are buyers.

488
00:22:51,560 --> 00:22:53,760
Speaker 3: Buyers won't show up if there aren't sellers, and that

489
00:22:53,920 --> 00:22:56,520
Speaker 3: is a really hard combination. And you know, there was

490
00:22:56,560 --> 00:22:59,040
Speaker 3: a time when Porscha Digital launched their own auction site,

491
00:22:59,040 --> 00:23:01,120
Speaker 3: like you mentioned Haggerty doing it, and it's only going

492
00:23:01,119 --> 00:23:05,000
Speaker 3: to South middlingly. These are companies with a lot of money,

493
00:23:05,200 --> 00:23:08,000
Speaker 3: but it's hard to no matter how much money you have,

494
00:23:08,119 --> 00:23:10,960
Speaker 3: it's a lot easier to take an audience and make

495
00:23:11,040 --> 00:23:13,560
Speaker 3: money than it is to take money and make an audience.

496
00:23:13,680 --> 00:23:16,199
Speaker 3: And I think that's kind of what we've discovered in

497
00:23:16,240 --> 00:23:17,680
Speaker 3: this in this process.

498
00:23:17,880 --> 00:23:21,600
Speaker 1: Very cool. So I hate that we always talk about

499
00:23:21,680 --> 00:23:25,520
Speaker 1: nine to eleven's because we do too much, But I

500
00:23:25,600 --> 00:23:28,320
Speaker 1: have to ask you about it because Filipo just got

501
00:23:28,960 --> 00:23:31,440
Speaker 1: a nine to nine seven, which is my favorite generation.

502
00:23:32,720 --> 00:23:35,399
Speaker 1: He got a Targo, which is a little bit weird.

503
00:23:35,520 --> 00:23:37,719
Speaker 1: I don't like the way the rear window comes to

504
00:23:37,760 --> 00:23:41,000
Speaker 1: a point there, but I do love the hatchback feature.

505
00:23:41,119 --> 00:23:44,320
Speaker 1: I wish every nine to eleven had that. I've heard you.

506
00:23:45,240 --> 00:23:47,400
Speaker 1: I've heard you say you think the nine to nine

507
00:23:47,440 --> 00:23:50,240
Speaker 1: to one is the modern classic, and I wonder what

508
00:23:50,280 --> 00:23:52,359
Speaker 1: you think about the nine nine to seven and the

509
00:23:52,480 --> 00:23:54,480
Speaker 1: nine to nine to one. Now that Felipo's got his

510
00:23:55,000 --> 00:23:55,720
Speaker 1: his new.

511
00:23:55,680 --> 00:23:58,800
Speaker 3: Car, I think that the nine nine to seven dot

512
00:23:58,840 --> 00:24:01,560
Speaker 3: two's are awesome, which is what Felipo has. I actually

513
00:24:01,600 --> 00:24:03,159
Speaker 3: think the target is perfect for him because he's a

514
00:24:03,160 --> 00:24:07,240
Speaker 3: practical dude, and it's got a hatchback. I think. I don't.

515
00:24:07,280 --> 00:24:09,080
Speaker 3: I'm not a big modern day nine to eleven guy.

516
00:24:09,119 --> 00:24:11,320
Speaker 3: I have a nine to nine three right now. It's

517
00:24:11,320 --> 00:24:12,760
Speaker 3: only the third Porta I've ever owned.

518
00:24:13,000 --> 00:24:14,720
Speaker 1: Say right now, you're not going to sell it? Right?

519
00:24:14,840 --> 00:24:17,400
Speaker 1: You love that. I've seen you shopping with it. You're

520
00:24:17,440 --> 00:24:19,600
Speaker 1: like going to home depot, You're like putting lumber in there.

521
00:24:19,640 --> 00:24:21,639
Speaker 1: It's got It's the arena red.

522
00:24:22,600 --> 00:24:24,600
Speaker 3: My nine nine three is my is my kid car,

523
00:24:24,640 --> 00:24:26,840
Speaker 3: and my kids like love it, and it's been like

524
00:24:26,880 --> 00:24:28,879
Speaker 3: really special to finally be able to share this hobby

525
00:24:28,920 --> 00:24:30,960
Speaker 3: with my kids. Because all my other cars are two seaters,

526
00:24:31,000 --> 00:24:35,800
Speaker 3: but I think I'm gonna have other four seats, Like

527
00:24:36,640 --> 00:24:38,720
Speaker 3: my big three cars are staying my Courage of Team,

528
00:24:38,760 --> 00:24:40,119
Speaker 3: my forty Team, my Contash, So I only have one

529
00:24:40,119 --> 00:24:42,480
Speaker 3: more garage spot. And so that fourth car, the nine

530
00:24:42,520 --> 00:24:45,560
Speaker 3: nine to three, that's that's not gonna last. It's not

531
00:24:45,760 --> 00:24:48,560
Speaker 3: quite good enough I think to be a forever car.

532
00:24:49,800 --> 00:24:51,760
Speaker 3: But I think in terms of the market, I think

533
00:24:51,760 --> 00:24:53,640
Speaker 3: the market will treat the nine nine one as sort

534
00:24:53,640 --> 00:24:55,000
Speaker 3: of one of the last great ones. I think the

535
00:24:55,080 --> 00:24:59,639
Speaker 3: nine to nine to two represents a shift to a larger,

536
00:24:59,720 --> 00:25:03,800
Speaker 3: more luxurious, more automatic, focus, less enthusiast. I'll tell you

537
00:25:03,840 --> 00:25:06,520
Speaker 3: I drive around in my career get and I can

538
00:25:06,560 --> 00:25:08,680
Speaker 3: pretty much guarantee that when I see a nine to

539
00:25:08,720 --> 00:25:11,360
Speaker 3: ninety two on the road, they will not notice microageta,

540
00:25:11,400 --> 00:25:13,879
Speaker 3: they will not weigh, they will not get excepted. It

541
00:25:14,000 --> 00:25:18,080
Speaker 3: is just not the same type of buyer. And whereas

542
00:25:18,280 --> 00:25:21,000
Speaker 3: a nine to nine to one there was still a

543
00:25:21,040 --> 00:25:23,080
Speaker 3: good portion of him our manuals. It was still more

544
00:25:23,080 --> 00:25:25,960
Speaker 3: of a sports car I think than today's more expensive,

545
00:25:26,000 --> 00:25:28,600
Speaker 3: more luxurious, bigger, heavier car.

546
00:25:29,840 --> 00:25:32,080
Speaker 2: I want to take it back to cars and bits

547
00:25:32,200 --> 00:25:34,760
Speaker 2: just for a second, because I want to ask about

548
00:25:35,119 --> 00:25:38,119
Speaker 2: electric vehicles. And this is kind of touching on everything

549
00:25:38,160 --> 00:25:41,200
Speaker 2: we've talked about, But do you think electric vehicles could

550
00:25:41,240 --> 00:25:44,080
Speaker 2: ever be collectible in the same way that a nine

551
00:25:44,119 --> 00:25:46,159
Speaker 2: nine three or nine nine one or any of the

552
00:25:46,200 --> 00:25:47,480
Speaker 2: other cars we've spoken about.

553
00:25:47,520 --> 00:25:51,640
Speaker 1: By the way, it's incredibly interesting question today, Hannah, because

554
00:25:51,720 --> 00:25:54,040
Speaker 1: of the story that you put out. I don't know

555
00:25:54,040 --> 00:25:56,399
Speaker 1: if it was yesterday, because of the Rolls Royce Nightmare

556
00:25:56,440 --> 00:25:59,960
Speaker 1: or the Nightingale, Like who I think it's like, it's

557
00:26:00,040 --> 00:26:03,960
Speaker 1: it's an incredible thing, fabulous design, But who is going

558
00:26:04,040 --> 00:26:06,880
Speaker 1: to pay five million dollars for an electric car with screens?

559
00:26:06,920 --> 00:26:09,000
Speaker 1: I don't understand that. I'm sure they'll sell.

560
00:26:08,840 --> 00:26:12,600
Speaker 3: Out, but you don't think it's it looks so cool though.

561
00:26:12,480 --> 00:26:15,160
Speaker 1: I know, but it's electric. Like if I'm paying five

562
00:26:15,200 --> 00:26:18,440
Speaker 1: million for a roles that big I want like sixteen cylinders.

563
00:26:18,480 --> 00:26:18,639
Speaker 1: You know.

564
00:26:19,080 --> 00:26:22,159
Speaker 3: My sense is that the market for the luxury cars

565
00:26:22,320 --> 00:26:27,119
Speaker 3: is not as sensitive to the powertrain as the performance cars.

566
00:26:27,760 --> 00:26:31,600
Speaker 3: We are repeatedly watching these rimat Navaras and Peninferna Bautistas,

567
00:26:31,600 --> 00:26:34,399
Speaker 3: which are two million dollars three million dollars. EV hyper

568
00:26:34,440 --> 00:26:38,520
Speaker 3: cars come up and fail to meet reserve at has

569
00:26:38,520 --> 00:26:41,720
Speaker 3: there original No one wants them, No one wants them.

570
00:26:41,720 --> 00:26:44,520
Speaker 3: When I filmed the video with a Penneferna Bautista. When

571
00:26:44,520 --> 00:26:47,280
Speaker 3: I reviewed it there, the one I reviewed was a

572
00:26:47,320 --> 00:26:49,879
Speaker 3: stock unit at the dealer they or it was a

573
00:26:49,880 --> 00:26:51,320
Speaker 3: two and a half million dollar car. They had to

574
00:26:51,400 --> 00:26:56,600
Speaker 3: or stock. That never happens, right, I don't. I do

575
00:26:56,640 --> 00:26:59,920
Speaker 3: think that evs could be collectible one day, and I

576
00:27:00,080 --> 00:27:02,040
Speaker 3: actually even think that a couple of the evs that

577
00:27:02,080 --> 00:27:04,359
Speaker 3: have been sold I could see as being collectibles. I

578
00:27:04,400 --> 00:27:06,760
Speaker 3: think the Tesla Roadster could find its way and do

579
00:27:06,840 --> 00:27:10,560
Speaker 3: it collectible setus one days. The first it was the first.

580
00:27:10,840 --> 00:27:13,720
Speaker 3: I think the early model essays, the model sque signatures

581
00:27:13,720 --> 00:27:15,960
Speaker 3: that came out at the very beginning and could someday

582
00:27:16,040 --> 00:27:22,359
Speaker 3: be considered to be collectible cars. But enthusiasts have not

583
00:27:22,520 --> 00:27:25,439
Speaker 3: yet embraced EV's and I think you need enthusiasts to

584
00:27:25,480 --> 00:27:30,280
Speaker 3: have any sort of collectible secondary market, don't you. Isn't

585
00:27:30,320 --> 00:27:30,960
Speaker 3: that how you feel?

586
00:27:31,400 --> 00:27:32,200
Speaker 2: Yeah?

587
00:27:32,200 --> 00:27:33,960
Speaker 1: By the way, I don't I don't know if I'm

588
00:27:33,960 --> 00:27:36,400
Speaker 1: speaking out of school here, but I think Hannah has

589
00:27:36,600 --> 00:27:39,560
Speaker 1: a pinion Farina Batista in her living room.

590
00:27:39,840 --> 00:27:44,520
Speaker 2: Well, we we actually send it back in the in

591
00:27:44,600 --> 00:27:47,159
Speaker 2: the spring cleaning, if you will. Yes, we did. We

592
00:27:47,240 --> 00:27:49,400
Speaker 2: did have that in the down in the warehouse for

593
00:27:49,480 --> 00:27:52,639
Speaker 2: a couple of years because Magnus had done a partnership

594
00:27:52,640 --> 00:27:54,920
Speaker 2: with them, but then we gave it back to them.

595
00:27:57,480 --> 00:27:58,560
Speaker 3: What did you think of that car?

596
00:27:59,160 --> 00:28:03,200
Speaker 2: Well, I loved it. I remember driving it in Europe before,

597
00:28:03,560 --> 00:28:06,320
Speaker 2: you know, when it debuted, when it launched, and personally

598
00:28:06,440 --> 00:28:09,159
Speaker 2: I liked it. I thought it was cool. But I

599
00:28:09,240 --> 00:28:12,600
Speaker 2: understand why people don't want it. They don't. You don't

600
00:28:12,640 --> 00:28:15,720
Speaker 2: need it like that, you don't it just it goes

601
00:28:15,720 --> 00:28:20,879
Speaker 2: back to the thing where pure speed isn't necessarily actually

602
00:28:20,960 --> 00:28:24,040
Speaker 2: that exciting. The car looks exciting and it has this

603
00:28:24,119 --> 00:28:30,040
Speaker 2: amazing heritage with Peninforina, but the emotional quotient of the car,

604
00:28:30,119 --> 00:28:34,080
Speaker 2: I think, is not. It doesn't consist of of batteries

605
00:28:34,520 --> 00:28:34,960
Speaker 2: for whatever.

606
00:28:35,040 --> 00:28:38,080
Speaker 3: Right, you're taking a practical technology and putting it kind

607
00:28:38,080 --> 00:28:42,120
Speaker 3: of in replacement of one of the most emotional parts

608
00:28:42,160 --> 00:28:45,120
Speaker 3: of an emotional purpose. Yeah, that's exactly right. By the way.

609
00:28:45,160 --> 00:28:47,040
Speaker 3: I also loved that car. I thought it was awesome.

610
00:28:47,080 --> 00:28:49,400
Speaker 3: I thought it was totally cool, and I totally get

611
00:28:49,440 --> 00:28:50,480
Speaker 3: why people don't want to buy.

612
00:28:50,840 --> 00:28:53,480
Speaker 2: Yeah, same with the Navara, and they're basically the same car.

613
00:28:53,560 --> 00:28:57,320
Speaker 2: Let's be honest, so you know. And also, if we're

614
00:28:57,400 --> 00:28:59,640
Speaker 2: keeping on talking about this, I actually really liked the

615
00:28:59,720 --> 00:29:02,760
Speaker 2: Rules roy Spector too, which was their Tudor electric car,

616
00:29:03,160 --> 00:29:07,480
Speaker 2: and I actually did it for Rolls Royce. Yes, there's

617
00:29:07,480 --> 00:29:08,120
Speaker 2: a use case.

618
00:29:09,080 --> 00:29:11,080
Speaker 3: I see those Specters around a lot more than I

619
00:29:11,120 --> 00:29:13,640
Speaker 3: would expect here, so yes, it is. It is a

620
00:29:13,760 --> 00:29:15,760
Speaker 3: very so cal type of car, right, like you got

621
00:29:15,800 --> 00:29:17,920
Speaker 3: to be wealthy, you got to be a car enthusiast.

622
00:29:17,920 --> 00:29:20,800
Speaker 3: But also it's like liberals and evs, like it really

623
00:29:20,840 --> 00:29:23,520
Speaker 3: combines everything that California can can make work in one.

624
00:29:23,600 --> 00:29:25,920
Speaker 3: But I'm I don't know how well they're selling. I

625
00:29:25,960 --> 00:29:28,440
Speaker 3: don't know if they're discounting them heavily, but but it

626
00:29:28,520 --> 00:29:30,640
Speaker 3: seems to me that that that that is a good

627
00:29:30,720 --> 00:29:31,480
Speaker 3: use case for ANST.

628
00:29:31,680 --> 00:29:33,960
Speaker 2: It's a totally good use case. Let's not forget Rolls

629
00:29:34,040 --> 00:29:37,080
Speaker 2: Royces are supposed to be silent and utterly smooth, like

630
00:29:37,520 --> 00:29:42,800
Speaker 2: a magic carpet and that's exactly what what electric drivetrain represents.

631
00:29:43,000 --> 00:29:45,240
Speaker 2: I was talking with Michael Fuchs for the story about

632
00:29:45,240 --> 00:29:48,120
Speaker 2: the Nightingale, the big collector. He has a specter and

633
00:29:48,160 --> 00:29:50,600
Speaker 2: he loves it. He and so he gets it. He

634
00:29:50,960 --> 00:29:54,080
Speaker 2: understands Rolls Royce, he gets the use case. Obviously, he's

635
00:29:54,120 --> 00:29:55,800
Speaker 2: got a home charger so he doesn't have to worry

636
00:29:55,800 --> 00:29:57,600
Speaker 2: about that.

637
00:29:57,800 --> 00:30:00,959
Speaker 1: A home charger and his own custom color checks us.

638
00:30:01,240 --> 00:30:03,800
Speaker 2: Yes, and juicy fruity orange.

639
00:30:03,320 --> 00:30:05,200
Speaker 1: By the way, dude, I can, by the way. It

640
00:30:05,280 --> 00:30:08,320
Speaker 1: drives me crazy when a car that's just a special

641
00:30:08,360 --> 00:30:11,080
Speaker 1: color commands like a fifty percent premium. And I know

642
00:30:11,120 --> 00:30:12,120
Speaker 1: you ran a roapstone.

643
00:30:13,680 --> 00:30:16,240
Speaker 3: That's that's the truth now though, you know, it's interesting

644
00:30:16,240 --> 00:30:17,840
Speaker 3: that you bring that up because I've been paying a

645
00:30:17,840 --> 00:30:19,800
Speaker 3: lot of attention to the market recently, which has kind

646
00:30:19,800 --> 00:30:21,880
Speaker 3: of gone crazy, And one of the things that's hit

647
00:30:21,960 --> 00:30:26,120
Speaker 3: me is back in the day, a car, an entire car,

648
00:30:26,200 --> 00:30:28,720
Speaker 3: would have a one hundred and fifty unit production run.

649
00:30:28,840 --> 00:30:31,360
Speaker 3: In Enzo's era, there were a lot of cars that

650
00:30:31,400 --> 00:30:33,959
Speaker 3: were built that three hundred units was the total production

651
00:30:34,040 --> 00:30:36,720
Speaker 3: run for the whole car, you know, three thirties and

652
00:30:36,720 --> 00:30:39,280
Speaker 3: two seventy five gtbs and the two fifty GT others

653
00:30:39,280 --> 00:30:40,840
Speaker 3: there's under forty of them. You know that that was

654
00:30:40,880 --> 00:30:45,040
Speaker 3: a production truly rare, truly rare. And now a rare

655
00:30:45,200 --> 00:30:48,520
Speaker 3: car is carera GT where they made thirteen hundred. That's

656
00:30:48,560 --> 00:30:51,480
Speaker 3: a rare car in the modern world. And so how

657
00:30:51,520 --> 00:30:54,000
Speaker 3: do you make a how do you get even more

658
00:30:54,080 --> 00:30:57,200
Speaker 3: special than that? Find one of the forty that are

659
00:30:57,280 --> 00:30:59,560
Speaker 3: yellow or whatever? You know, Like that's I think we're

660
00:30:59,560 --> 00:31:02,080
Speaker 3: starting to segment up. And it actually kind of makes

661
00:31:02,120 --> 00:31:05,520
Speaker 3: sense when you think about how rarity is defined in

662
00:31:05,560 --> 00:31:08,000
Speaker 3: today's world relative to how it was defined before.

663
00:31:17,800 --> 00:31:20,120
Speaker 1: First of all, I think Hannah and I both agree

664
00:31:20,160 --> 00:31:24,440
Speaker 1: that the g Wagon is a great electric hor train.

665
00:31:24,680 --> 00:31:27,040
Speaker 3: And you know that car is that is a steel

666
00:31:27,160 --> 00:31:28,920
Speaker 3: like they are not selling well and they have lease

667
00:31:29,000 --> 00:31:31,320
Speaker 3: deals on those, and I don't get why people aren't

668
00:31:31,320 --> 00:31:35,040
Speaker 3: buying them because it looks identical and it drives awesome.

669
00:31:35,480 --> 00:31:37,680
Speaker 3: But that car is like the g Wagon that I

670
00:31:37,720 --> 00:31:39,560
Speaker 3: would buy tomorrow if I thought.

671
00:31:39,480 --> 00:31:42,880
Speaker 1: Was by I'm in for that too. And I also

672
00:31:42,960 --> 00:31:45,200
Speaker 1: this so last week I had a Kia EV nine,

673
00:31:45,240 --> 00:31:47,080
Speaker 1: which I kept thinking like, wow, this is such a

674
00:31:47,080 --> 00:31:50,040
Speaker 1: great appliance, Like it's so perfect as an appliance, and

675
00:31:50,080 --> 00:31:53,600
Speaker 1: this week I'm test driving a Lucid Air, but like

676
00:31:53,680 --> 00:31:56,480
Speaker 1: the one of the lower tier versions, just the Touring,

677
00:31:56,560 --> 00:32:00,560
Speaker 1: not the Grand Touring. And I had my record time

678
00:32:00,600 --> 00:32:04,120
Speaker 1: from Scarsdale to work, door to door. I made it

679
00:32:04,160 --> 00:32:07,360
Speaker 1: in twenty three minutes. And you know, Scarsdale is like

680
00:32:07,360 --> 00:32:11,040
Speaker 1: twenty five miles away from Bloomberg, and that beats by

681
00:32:11,600 --> 00:32:14,880
Speaker 1: four minutes my previous record in a Porsche Taikon. So

682
00:32:15,760 --> 00:32:18,760
Speaker 1: it is fast as hell. So I immediately went online

683
00:32:18,800 --> 00:32:21,280
Speaker 1: to look and I saw, oh, the Grand Touring has

684
00:32:21,360 --> 00:32:24,120
Speaker 1: even more power, and then the Sapphire, obviously is the

685
00:32:24,200 --> 00:32:27,880
Speaker 1: one with like thirty four horse power. I went on

686
00:32:29,520 --> 00:32:32,840
Speaker 1: the interwebs to see how the used market is, and

687
00:32:32,880 --> 00:32:35,520
Speaker 1: they're all going for like less than fifty after you

688
00:32:35,560 --> 00:32:38,640
Speaker 1: buy them for like one twenty. Right, Well, I mean

689
00:32:38,800 --> 00:32:41,920
Speaker 1: except for the Sapphire. Except for the Sapphire, that one

690
00:32:42,680 --> 00:32:45,400
Speaker 1: still kind of holds its value, I guess because.

691
00:32:45,160 --> 00:32:46,520
Speaker 3: They're not making a lot of them. In fact, I

692
00:32:46,520 --> 00:32:48,160
Speaker 3: don't know that I've seen the Sapphire on the road.

693
00:32:48,400 --> 00:32:51,760
Speaker 3: The Lucids that dropped a lot. But let's be clear,

694
00:32:51,800 --> 00:32:54,960
Speaker 3: like the sticker price is one twenty, but like I

695
00:32:55,000 --> 00:32:57,120
Speaker 3: don't think they're actually even depreciating all that much. I

696
00:32:57,120 --> 00:32:59,600
Speaker 3: think when you think about the actual transaction price with

697
00:32:59,640 --> 00:33:03,480
Speaker 3: the least and stuff, I think that lucids are they're

698
00:33:03,520 --> 00:33:06,920
Speaker 3: not selling for anywhere near sticker is basically the situation.

699
00:33:07,360 --> 00:33:09,480
Speaker 3: There's just not a lot of demand at that price point,

700
00:33:09,560 --> 00:33:13,320
Speaker 3: especially for US sedan and now what is effectively a minivan.

701
00:33:13,920 --> 00:33:17,440
Speaker 3: I really wish they had gone deeper into the suv

702
00:33:17,960 --> 00:33:19,000
Speaker 3: realm with their styling.

703
00:33:20,840 --> 00:33:23,040
Speaker 2: Can I just ask you a question about that? This

704
00:33:23,200 --> 00:33:26,360
Speaker 2: is sort of a reporterly question, and I'm so curious

705
00:33:26,600 --> 00:33:28,880
Speaker 2: when you say something that's just a fact, like they're

706
00:33:28,920 --> 00:33:31,040
Speaker 2: not selling for anywhere near their sticker price. Do you

707
00:33:31,080 --> 00:33:32,920
Speaker 2: get pushback from people at least?

708
00:33:33,000 --> 00:33:35,280
Speaker 3: Yes? Sometimes, But how do you deal with.

709
00:33:35,280 --> 00:33:38,720
Speaker 2: That because they don't don't care? Yeah, I mean they

710
00:33:38,760 --> 00:33:40,200
Speaker 2: can't really do much about that.

711
00:33:40,520 --> 00:33:42,080
Speaker 3: They can't do much if they don't want to send

712
00:33:42,080 --> 00:33:45,120
Speaker 3: me a car. I'm totally sure with it. Yeah, Ever since,

713
00:33:45,720 --> 00:33:47,640
Speaker 3: I honestly think that's one of the reasons our podcast

714
00:33:47,680 --> 00:33:50,320
Speaker 3: is so successful. We sold the business. I don't really

715
00:33:50,400 --> 00:33:54,520
Speaker 3: need to be doing this right right if the automaker

716
00:33:54,640 --> 00:33:57,080
Speaker 3: wants to get mad at me, and sometimes they do.

717
00:33:57,840 --> 00:34:01,280
Speaker 3: Sometimes there are stern conversations. I'm just like, is it false?

718
00:34:01,480 --> 00:34:01,520
Speaker 2: Like?

719
00:34:01,600 --> 00:34:02,800
Speaker 1: Am I right?

720
00:34:02,960 --> 00:34:04,760
Speaker 2: Did I get something wrong? Yeah?

721
00:34:05,560 --> 00:34:09,640
Speaker 3: Right? And truthfully, it isn't false in that situation, and

722
00:34:09,640 --> 00:34:12,200
Speaker 3: in so many others where we openly just mock stuff,

723
00:34:13,360 --> 00:34:15,600
Speaker 3: it isn't false. And I think the audience has has

724
00:34:15,680 --> 00:34:17,960
Speaker 3: caught on to the fact that, like, there's an honesty

725
00:34:18,040 --> 00:34:21,719
Speaker 3: here that is kind of nice. And when we praise cars,

726
00:34:21,760 --> 00:34:23,359
Speaker 3: I think there's some real value to that too, because

727
00:34:23,400 --> 00:34:25,719
Speaker 3: it's not just it's not just bs, but when we

728
00:34:25,760 --> 00:34:27,879
Speaker 3: sit here and say, I can't believe Handa's not making

729
00:34:27,880 --> 00:34:29,680
Speaker 3: a Forerunner rival. The for Runner has been the most

730
00:34:29,719 --> 00:34:32,360
Speaker 3: popular car for years. What are they doing? They're crazy,

731
00:34:32,360 --> 00:34:35,959
Speaker 3: They're stupid. Like that's just real. And I think that people,

732
00:34:36,160 --> 00:34:37,719
Speaker 3: a lot of people are thinking that and are maybe

733
00:34:37,760 --> 00:34:39,680
Speaker 3: afraid to say it. And here we're just gonna I

734
00:34:39,719 --> 00:34:41,160
Speaker 3: don't care do what I right.

735
00:34:41,360 --> 00:34:43,640
Speaker 2: Right, because you don't. You don't owe anybody anything, you

736
00:34:43,640 --> 00:34:46,799
Speaker 2: don't need, you don't need them, so and that's kind

737
00:34:46,800 --> 00:34:49,280
Speaker 2: of what I'm getting back to. Like you, you certainly

738
00:34:49,360 --> 00:34:53,120
Speaker 2: have captured an audience that I think is so interesting

739
00:34:53,160 --> 00:34:56,320
Speaker 2: who obviously recognize that about you? And I'm really curious

740
00:34:56,360 --> 00:35:00,680
Speaker 2: about your perception of how YouTube has changed you started,

741
00:35:01,280 --> 00:35:04,560
Speaker 2: and also the world of car influencers. Now it's just

742
00:35:05,120 --> 00:35:09,359
Speaker 2: so massive and it's a completely different landscape. What do

743
00:35:09,400 --> 00:35:11,200
Speaker 2: you see from your perspective having.

744
00:35:11,000 --> 00:35:14,000
Speaker 3: Been in you go to press events, right, you got

745
00:35:14,080 --> 00:35:16,960
Speaker 3: to like launch and stuff. Are you as astonished as

746
00:35:16,960 --> 00:35:19,319
Speaker 3: I am that there's like TikTok people there who are

747
00:35:19,320 --> 00:35:21,000
Speaker 3: getting paid and yes.

748
00:35:20,880 --> 00:35:24,160
Speaker 2: But you know what you said, I was when it

749
00:35:24,560 --> 00:35:26,960
Speaker 2: started a few years ago. But I would say in

750
00:35:27,000 --> 00:35:30,319
Speaker 2: the last two years, they've actually kept the journalists from

751
00:35:30,360 --> 00:35:33,440
Speaker 2: news organizations on different waves from.

752
00:35:33,520 --> 00:35:37,439
Speaker 3: They't want to see how bad it's getting, so I don't.

753
00:35:37,600 --> 00:35:40,160
Speaker 2: I used to there there was a time when there

754
00:35:40,280 --> 00:35:44,359
Speaker 2: was some like venn diagram overlapping, but now I think

755
00:35:44,400 --> 00:35:49,600
Speaker 2: I'm kept very separately with more traditional media versus they

756
00:35:49,640 --> 00:35:53,400
Speaker 2: have a special way for content creators for any number

757
00:35:53,440 --> 00:35:54,160
Speaker 2: of reasons.

758
00:35:54,520 --> 00:35:58,520
Speaker 3: Yeah, right, right, that's I mean, that's to me. I've always,

759
00:35:58,560 --> 00:36:01,120
Speaker 3: even though I make YouTube vie and I'm kind of insane,

760
00:36:01,160 --> 00:36:03,640
Speaker 3: I've always considered myself a journalist to the point where,

761
00:36:03,719 --> 00:36:05,880
Speaker 3: and maybe this is your situation with Bloomberg, like, I've

762
00:36:05,920 --> 00:36:07,760
Speaker 3: always paid my own way to fly to press events,

763
00:36:07,920 --> 00:36:10,760
Speaker 3: like I've always it's rare.

764
00:36:10,600 --> 00:36:14,040
Speaker 1: And that's like how we are not allowed to accept

765
00:36:14,120 --> 00:36:18,640
Speaker 1: any form of compensation airfare, hotel. We can't even a

766
00:36:18,680 --> 00:36:20,560
Speaker 1: gift if it's more than fifty dollars, we have to

767
00:36:20,600 --> 00:36:21,800
Speaker 1: say negative ghost drive.

768
00:36:21,760 --> 00:36:24,479
Speaker 3: Back in the day. In my mind, that's like how

769
00:36:24,600 --> 00:36:27,799
Speaker 3: journalism is done. And even though no one in our

770
00:36:27,840 --> 00:36:32,040
Speaker 3: space really has a adversarial relationship with the automakers, to me,

771
00:36:32,200 --> 00:36:35,920
Speaker 3: like the relationship should almost start adversarially, Like you should

772
00:36:35,920 --> 00:36:39,080
Speaker 3: go into the thing thinking that, like you're there to

773
00:36:39,200 --> 00:36:41,480
Speaker 3: try to find flaws, to try to really tell the

774
00:36:41,480 --> 00:36:44,080
Speaker 3: consumer what they want to hear or what they need

775
00:36:44,120 --> 00:36:47,239
Speaker 3: to hear. Now, the cars have become so good that

776
00:36:47,400 --> 00:36:50,960
Speaker 3: like it's almost silly to have this relate to like

777
00:36:51,040 --> 00:36:54,160
Speaker 3: feel this way anymore. It's like I could show up

778
00:36:54,480 --> 00:36:57,239
Speaker 3: at the at the for the worst Car launch of

779
00:36:57,280 --> 00:36:59,919
Speaker 3: the worst car and still it's really not so bad,

780
00:37:00,080 --> 00:37:05,200
Speaker 3: And it's like hard to really be an adversary. Yeah,

781
00:37:05,239 --> 00:37:07,040
Speaker 3: although I was in Manhattan and I wrote and a

782
00:37:07,040 --> 00:37:10,080
Speaker 3: bunch of them as taxis, and they're they're great, it's awful.

783
00:37:10,239 --> 00:37:12,640
Speaker 1: You're not wrong, not wrong, you're not wrong.

784
00:37:13,960 --> 00:37:16,440
Speaker 3: But anyway, I don't know I am surprised though, that

785
00:37:16,520 --> 00:37:19,120
Speaker 3: now people are sort of nakedly just it used to

786
00:37:19,120 --> 00:37:21,440
Speaker 3: be like, oh, people would accept airfare, and we've all

787
00:37:21,520 --> 00:37:24,080
Speaker 3: kind of accepted that as part of it. I never

788
00:37:24,160 --> 00:37:26,440
Speaker 3: loved it, but I got a lot of these outlets

789
00:37:26,440 --> 00:37:29,840
Speaker 3: couldn't afford to send people. But now it's like totally

790
00:37:29,840 --> 00:37:31,879
Speaker 3: normal for people to be taking money from the car

791
00:37:31,920 --> 00:37:32,960
Speaker 3: companies that they're doing that.

792
00:37:33,080 --> 00:37:36,680
Speaker 1: That's that's nuts, what is happening. Oh and by the way, dude,

793
00:37:36,880 --> 00:37:39,920
Speaker 1: real magazines will do that now, you know, Like you

794
00:37:40,600 --> 00:37:43,840
Speaker 1: get a car magazine, you're like, oh, GM actually paid

795
00:37:43,840 --> 00:37:46,520
Speaker 1: for this issue, like right, yeah, And I.

796
00:37:46,480 --> 00:37:49,320
Speaker 3: Don't so, I mean, don't you feel, Hannah, don't you

797
00:37:49,400 --> 00:37:52,560
Speaker 3: feel that's like the biggest change, like especially in the

798
00:37:52,600 --> 00:37:54,600
Speaker 3: last few years specifically.

799
00:37:55,920 --> 00:37:59,040
Speaker 2: Yeah, I'll tell you what. My only problem with it

800
00:37:59,120 --> 00:38:02,920
Speaker 2: is this that often the reader or the consumer doesn't

801
00:38:03,520 --> 00:38:07,560
Speaker 2: understand or register the difference between content that has been

802
00:38:07,600 --> 00:38:11,359
Speaker 2: paid for and content that is not paid for. And

803
00:38:11,560 --> 00:38:14,800
Speaker 2: I paid for it, I mean an influencer who's accepted

804
00:38:14,800 --> 00:38:17,920
Speaker 2: a trip or gets a kickback or whatever whatever to

805
00:38:18,120 --> 00:38:21,320
Speaker 2: the reader or the receiver of the information, they rarely

806
00:38:23,000 --> 00:38:27,160
Speaker 2: understand the difference or register the difference, and that's that's

807
00:38:27,200 --> 00:38:27,920
Speaker 2: the problem.

808
00:38:28,360 --> 00:38:30,480
Speaker 3: The creators don't really disclose it as much as I

809
00:38:30,560 --> 00:38:33,520
Speaker 3: think they probably should. The automakers must be loving it.

810
00:38:33,560 --> 00:38:35,759
Speaker 3: They're like, we can't say these. All they do is

811
00:38:35,760 --> 00:38:38,440
Speaker 3: put hashtag ad and the description that nobody even reads,

812
00:38:38,480 --> 00:38:42,160
Speaker 3: and it's like, boom, this is great, but it's it's

813
00:38:42,280 --> 00:38:44,279
Speaker 3: kind of a crazy thing for our business. Now again,

814
00:38:44,360 --> 00:38:46,120
Speaker 3: the cars are so good at this point that this

815
00:38:46,160 --> 00:38:48,360
Speaker 3: isn't like the eighties and GM where you'd go to

816
00:38:48,400 --> 00:38:50,879
Speaker 3: a press launch and they'd have seven cars and four

817
00:38:50,960 --> 00:38:53,400
Speaker 3: journalists because they need backup cars, you know, like if

818
00:38:53,480 --> 00:38:55,759
Speaker 3: a car breaks down. So like, I don't think it's

819
00:38:56,280 --> 00:38:59,960
Speaker 3: some crazy crime, but I also it's a little disillusion

820
00:39:00,280 --> 00:39:02,759
Speaker 3: for some for me who still considers myself to be

821
00:39:02,800 --> 00:39:05,680
Speaker 3: a journalist and who still respects in our industry, the

822
00:39:05,760 --> 00:39:10,640
Speaker 3: remaining actual journalists, the few who like really do kind

823
00:39:10,680 --> 00:39:11,920
Speaker 3: of come at it with that lens.

824
00:39:12,320 --> 00:39:16,120
Speaker 2: Well, yeah, you certainly have developed you know, your following,

825
00:39:16,160 --> 00:39:18,080
Speaker 2: Like I say, who really respect that?

826
00:39:18,200 --> 00:39:21,080
Speaker 1: Because of that? Both of you, I would say, are

827
00:39:21,239 --> 00:39:24,080
Speaker 1: both of you have integrity? Is the way I see it.

828
00:39:24,120 --> 00:39:27,600
Speaker 1: And I think even though you're right that the many

829
00:39:27,600 --> 00:39:31,640
Speaker 1: consumers maybe don't know the difference or can't tell on

830
00:39:31,680 --> 00:39:35,080
Speaker 1: the surface. I think when you look deeper, like if

831
00:39:35,080 --> 00:39:38,759
Speaker 1: you're following, is because of that integrity that you have,

832
00:39:38,840 --> 00:39:39,960
Speaker 1: which is I've.

833
00:39:39,800 --> 00:39:41,680
Speaker 3: Always felt that way. I've always felt that I probably

834
00:39:41,680 --> 00:39:46,799
Speaker 3: could have made more money throughout my YouTube career taking promos,

835
00:39:46,880 --> 00:39:49,360
Speaker 3: even not from automakers but like Michelin or whatever. But

836
00:39:50,200 --> 00:39:52,560
Speaker 3: the moment you start really doing that, the moment the

837
00:39:52,600 --> 00:39:55,359
Speaker 3: audience kind of starts to question whether you're objective. And

838
00:39:56,120 --> 00:40:00,160
Speaker 3: you know, my views vastly went beyond all the other

839
00:40:00,239 --> 00:40:02,760
Speaker 3: car review channels. I think in part because the audience

840
00:40:02,800 --> 00:40:05,520
Speaker 3: never had to never had to ask that question about me,

841
00:40:05,560 --> 00:40:08,480
Speaker 3: They like always kind of knew, and I think giving

842
00:40:08,520 --> 00:40:11,240
Speaker 3: away some of that integrity for some short term cash

843
00:40:11,360 --> 00:40:13,480
Speaker 3: probably would have long run been a bad idea.

844
00:40:14,480 --> 00:40:17,120
Speaker 2: Well, well, it keeps everything simpler if you just know

845
00:40:17,239 --> 00:40:20,520
Speaker 2: across the board, I can't do anything even if I

846
00:40:20,600 --> 00:40:23,160
Speaker 2: wanted to, I'm not allowed or whatever. Just keeps it

847
00:40:23,200 --> 00:40:25,280
Speaker 2: a lot simpler, keep your story straight.

848
00:40:25,719 --> 00:40:28,440
Speaker 1: Well, you've done incredibly well, Doug, and I love I

849
00:40:28,480 --> 00:40:32,600
Speaker 1: still love consuming your content. I remember watching your first

850
00:40:32,920 --> 00:40:37,080
Speaker 1: quirks and features videos and now I love to look

851
00:40:37,120 --> 00:40:39,680
Speaker 1: at your to look at cars and bids and shot

852
00:40:39,719 --> 00:40:42,760
Speaker 1: for my nine ninety seven and also listen to your podcast.

853
00:40:42,760 --> 00:40:44,239
Speaker 1: So thank you so much for joining us.

854
00:40:44,320 --> 00:40:47,880
Speaker 3: Thank you, yeah, totally thank you for having me. I

855
00:40:47,920 --> 00:40:50,640
Speaker 3: appreciate it. Matt. You've been a staple in my existence

856
00:40:50,920 --> 00:40:54,080
Speaker 3: for since the days of Jelopnik and my and My

857
00:40:54,239 --> 00:40:57,960
Speaker 3: Crazy uh my Mom's Basement TV show that you you

858
00:40:58,160 --> 00:41:02,040
Speaker 3: graciously came on back when I was nobody. I appreciate it.

859
00:41:02,120 --> 00:41:03,960
Speaker 1: Was my honor at the time, and I'm so glad

860
00:41:03,960 --> 00:41:05,680
Speaker 1: that you could have that you could join us today.

861
00:41:05,680 --> 00:41:08,400
Speaker 1: So appreciate it. And big ups, big ups to Felipo

862
00:41:08,480 --> 00:41:10,800
Speaker 1: for his sweet sweet purchase.

863
00:41:11,040 --> 00:41:12,399
Speaker 2: Come back and talk to us more.

864
00:41:14,000 --> 00:41:17,759
Speaker 1: All right, that was fantastic, very cool to talk to

865
00:41:18,880 --> 00:41:22,720
Speaker 1: someone who's well a journalist, right. We don't really often

866
00:41:22,880 --> 00:41:25,040
Speaker 1: interview other journalists, no.

867
00:41:25,200 --> 00:41:28,759
Speaker 2: Unless they work for Bloomberg. I mean, but Doug certainly qualifies.

868
00:41:28,800 --> 00:41:31,920
Speaker 2: I think, like, like we said, you know, he's really

869
00:41:32,000 --> 00:41:34,840
Speaker 2: earned his own respect, which is really cool.

870
00:41:35,080 --> 00:41:37,840
Speaker 1: Yeah. I mean, also, he was like literally a journalist

871
00:41:37,880 --> 00:41:42,359
Speaker 1: at at Chulopnik. I think he worked for some other

872
00:41:43,719 --> 00:41:46,279
Speaker 1: websites as well back in the day, and then like

873
00:41:46,320 --> 00:41:47,880
Speaker 1: he said, he started that YouTube thing and it.

874
00:41:47,960 --> 00:41:49,480
Speaker 2: Just took off YouTube thing.

875
00:41:49,600 --> 00:41:51,640
Speaker 1: Yeah, the truth about cars. He worked there as well,

876
00:41:51,840 --> 00:41:53,080
Speaker 1: was that ray words thing too.

877
00:41:54,520 --> 00:41:56,200
Speaker 2: I can't be quoted on confirms there's a.

878
00:41:56,160 --> 00:42:00,000
Speaker 1: Whole crew of people as you as you said, but cool.

879
00:42:00,160 --> 00:42:03,000
Speaker 2: So Spinelli was on in that area to love Spinelle.

880
00:42:03,400 --> 00:42:04,759
Speaker 1: Actually, I would love to get him on.

881
00:42:05,640 --> 00:42:07,520
Speaker 2: We should. What are they doing these days? Do we know?

882
00:42:07,719 --> 00:42:09,799
Speaker 1: I don't know, but he was. There's a whole bunch

883
00:42:09,840 --> 00:42:11,560
Speaker 1: of journalists I would love to. I want to get

884
00:42:11,600 --> 00:42:14,680
Speaker 1: Brett Burke on. Get Brett on, would love to.

885
00:42:15,080 --> 00:42:17,920
Speaker 2: He'd be great. Actually I can text.

886
00:42:17,680 --> 00:42:22,920
Speaker 1: Him, Yeah, shout out. There's a bunch of guys from

887
00:42:22,960 --> 00:42:25,920
Speaker 1: from that era that like all went to the Drive,

888
00:42:26,520 --> 00:42:30,840
Speaker 1: you know, or you know, worked for the Times, like

889
00:42:30,960 --> 00:42:34,319
Speaker 1: real you know journalists that we should. Anyway, what have

890
00:42:34,360 --> 00:42:36,760
Speaker 1: you got going on? Because I talked about the I'm

891
00:42:36,800 --> 00:42:39,560
Speaker 1: in an electric car phase right now, right and I've

892
00:42:39,560 --> 00:42:42,920
Speaker 1: only driven this Lucid Air like one time my commute

893
00:42:42,960 --> 00:42:46,880
Speaker 1: Tork this morning, but record time, and it's kind of

894
00:42:46,920 --> 00:42:49,040
Speaker 1: the base model. It's not the base base there's one

895
00:42:49,080 --> 00:42:52,560
Speaker 1: even lower. But I was really impressed with it, I

896
00:42:52,680 --> 00:42:55,080
Speaker 1: have to say, really really impressed with.

897
00:42:54,960 --> 00:42:58,400
Speaker 2: The with the driving performance, or with the driving.

898
00:42:58,080 --> 00:43:01,560
Speaker 1: Performance with the I'm beyond stuff, I can put it

899
00:43:01,560 --> 00:43:05,920
Speaker 1: that way, Like the seats are really good, and like

900
00:43:06,000 --> 00:43:08,520
Speaker 1: the operating system like the Kia, you know, it's like

901
00:43:08,520 --> 00:43:11,400
Speaker 1: a great appliance, but this is much more of a

902
00:43:11,480 --> 00:43:17,000
Speaker 1: luxury feel. And it reminds me a lot of these

903
00:43:17,040 --> 00:43:21,280
Speaker 1: like Moroccan palaces, where from the outside it's not notable.

904
00:43:21,640 --> 00:43:23,480
Speaker 1: Oh yeah, like you may don't even you don't even

905
00:43:23,520 --> 00:43:26,200
Speaker 1: notice it, but then once you get inside the gates,

906
00:43:26,200 --> 00:43:29,360
Speaker 1: you're like, wow, this is really good, really cool.

907
00:43:30,160 --> 00:43:32,440
Speaker 2: Yes, And what's the price point on that one that

908
00:43:32,480 --> 00:43:32,719
Speaker 2: you do?

909
00:43:32,800 --> 00:43:34,680
Speaker 1: The one I'm driving is eighty grand.

910
00:43:34,520 --> 00:43:37,120
Speaker 2: To start as, okay, so less than one hundred.

911
00:43:37,000 --> 00:43:40,480
Speaker 1: Yeah, I mean, and I feel it's horrible to say,

912
00:43:40,520 --> 00:43:41,719
Speaker 1: like that's not so much.

913
00:43:42,120 --> 00:43:44,279
Speaker 2: Well, the way these things are priced, though, they get

914
00:43:44,280 --> 00:43:46,200
Speaker 2: expensive quick. That's kind of what I mean. They do

915
00:43:46,239 --> 00:43:47,200
Speaker 2: get expensive quick.

916
00:43:47,239 --> 00:43:50,040
Speaker 1: I mean the average new car praises we've been reporting

917
00:43:50,040 --> 00:43:53,239
Speaker 1: a lot lately, is over fifty thousand. You can still

918
00:43:53,280 --> 00:43:55,640
Speaker 1: get really cool cars for less. I was in a

919
00:43:55,680 --> 00:43:59,080
Speaker 1: suberu Brz a couple of days ago, you know, which

920
00:43:59,120 --> 00:44:02,600
Speaker 1: is like thirty five thirty eight, and it has a

921
00:44:02,640 --> 00:44:08,000
Speaker 1: stick and it has a really great boxer motor. Reminded

922
00:44:08,000 --> 00:44:10,680
Speaker 1: me of an old BMW airhead and it like handles

923
00:44:10,680 --> 00:44:12,720
Speaker 1: like a dream. So you can get cars for less.

924
00:44:13,160 --> 00:44:16,720
Speaker 1: But yeah, the eighty grand is this the touring level?

925
00:44:16,960 --> 00:44:19,640
Speaker 1: Then there's the Grand Touring for one hundred and twenty

926
00:44:19,719 --> 00:44:21,319
Speaker 1: and like Doug said, I'm not sure if that's what

927
00:44:21,360 --> 00:44:24,319
Speaker 1: people actually pay. But then there's the Sapphire that's like

928
00:44:24,400 --> 00:44:27,799
Speaker 1: two point fifty two hundred and fifty grand for an

929
00:44:27,800 --> 00:44:28,359
Speaker 1: electric car.

930
00:44:28,640 --> 00:44:31,320
Speaker 2: That's that's what I'm geting. That's way too much money.

931
00:44:31,480 --> 00:44:34,000
Speaker 1: But what about the Rolls choice? Hannah? What do you?

932
00:44:34,040 --> 00:44:36,919
Speaker 1: What do you think about Rice? I know, but three

933
00:44:36,960 --> 00:44:39,319
Speaker 1: and a half Night File and Gale.

934
00:44:39,360 --> 00:44:41,919
Speaker 2: Okay, all right, you got to set up what this is. Okay,

935
00:44:41,920 --> 00:44:43,320
Speaker 2: case anyone hasn't heard about.

936
00:44:43,160 --> 00:44:45,400
Speaker 1: It, well you can read Hannah's story about it. And

937
00:44:45,520 --> 00:44:49,400
Speaker 1: I actually just interviewed on my TV show the CEO

938
00:44:49,880 --> 00:44:52,960
Speaker 1: Chris brown Chris Brownridge, and they he was a little

939
00:44:53,000 --> 00:44:55,520
Speaker 1: kg on the price, but it's about it's about three

940
00:44:55,560 --> 00:44:56,479
Speaker 1: and a half to five million.

941
00:44:56,880 --> 00:45:00,280
Speaker 2: I have it on good authority. It's starting prizes between

942
00:45:00,280 --> 00:45:01,480
Speaker 2: three and a half and four million.

943
00:45:01,640 --> 00:45:04,560
Speaker 1: It looks amazing and by the way in your story.

944
00:45:04,640 --> 00:45:07,640
Speaker 1: I highly recommend people go to Bloomberg dot com to

945
00:45:07,760 --> 00:45:10,600
Speaker 1: check out your story. What is it Bloomberg dot com,

946
00:45:10,600 --> 00:45:12,480
Speaker 1: slash pursuits, slash autos.

947
00:45:12,600 --> 00:45:17,200
Speaker 2: They could do that. They can just google Bloomberg dot com.

948
00:45:17,280 --> 00:45:17,920
Speaker 2: Rolls Royce Night.

949
00:45:18,280 --> 00:45:21,560
Speaker 1: Well, the first photo you have in your piece is

950
00:45:21,600 --> 00:45:25,720
Speaker 1: this old. I think it's a seventeen EX right, yeah,

951
00:45:25,840 --> 00:45:28,960
Speaker 1: or the Ex even from the twenties. What a hot car.

952
00:45:29,239 --> 00:45:32,840
Speaker 2: Incredible shape, like a torpedo. I know, I kind of

953
00:45:32,880 --> 00:45:33,399
Speaker 2: want one of.

954
00:45:33,360 --> 00:45:34,680
Speaker 1: Those, so amazine.

955
00:45:34,880 --> 00:45:37,200
Speaker 2: Yeah, I can imagine the scarves and the hats.

956
00:45:37,239 --> 00:45:39,719
Speaker 1: I instantly went online to look. Yes, I would love

957
00:45:39,760 --> 00:45:42,360
Speaker 1: to take one to Goodwood, like to the Revival'd be

958
00:45:42,600 --> 00:45:43,080
Speaker 1: so cool.

959
00:45:43,200 --> 00:45:45,960
Speaker 2: I'd love it. I mean, these things just but unbelieving.

960
00:45:46,000 --> 00:45:48,399
Speaker 1: I just can't imagine paying five million dollars and that's

961
00:45:48,440 --> 00:45:49,960
Speaker 1: mid away with an electric car.

962
00:45:50,120 --> 00:45:53,360
Speaker 2: But that's mid for Rolls Royce. Let's not forget Rolls

963
00:45:53,400 --> 00:45:55,960
Speaker 2: Royce was making the boat twelve tail and the swept

964
00:45:56,040 --> 00:45:59,840
Speaker 2: tail and the other one that I'm forgetting, the droptail,

965
00:46:00,120 --> 00:46:02,680
Speaker 2: and those are like closer to twenty to thirty million.

966
00:46:02,960 --> 00:46:06,000
Speaker 2: So this project Night in Gale, which is Coach built,

967
00:46:06,120 --> 00:46:08,640
Speaker 2: which means they're doing a limited amount of them. They're

968
00:46:08,640 --> 00:46:11,440
Speaker 2: going to do one hundred is actually like mid level

969
00:46:11,680 --> 00:46:14,120
Speaker 2: compared to the more expensive ones, where they truly are

970
00:46:14,320 --> 00:46:17,160
Speaker 2: one off. This is like, oh, maybe we'll make it

971
00:46:17,160 --> 00:46:19,279
Speaker 2: more accessible. We'll make a hundred of them, and it's

972
00:46:19,320 --> 00:46:22,720
Speaker 2: only three to four million. They it's kind of crazy.

973
00:46:22,600 --> 00:46:24,360
Speaker 1: They are I want. Like I said, I think I

974
00:46:24,480 --> 00:46:26,000
Speaker 1: may have talked about it last week, but I went

975
00:46:26,040 --> 00:46:30,279
Speaker 1: down to their private office downtown with Jerry. He's there,

976
00:46:30,400 --> 00:46:33,560
Speaker 1: press guy, very cool. Yeah, we did talk about it. Yes,

977
00:46:33,600 --> 00:46:36,480
Speaker 1: they're investing like three hundred million dollars in Goodwood to

978
00:46:36,600 --> 00:46:40,240
Speaker 1: do more coach built cars. The reason I say private

979
00:46:40,280 --> 00:46:42,200
Speaker 1: office that I went to his private office because they

980
00:46:42,239 --> 00:46:44,920
Speaker 1: have a huge model of Goodwe on there on the

981
00:46:45,080 --> 00:46:47,840
Speaker 1: on the walls, and I really want to go there.

982
00:46:47,960 --> 00:46:50,400
Speaker 1: I desperately want to go to Goodwood, not only to

983
00:46:50,400 --> 00:46:52,120
Speaker 1: see their factory but to do the revival.

984
00:46:52,440 --> 00:46:54,919
Speaker 2: It really does feel like you're getting in touch with

985
00:46:55,160 --> 00:46:57,960
Speaker 2: the birthplace and the soul of British auto making and

986
00:46:58,320 --> 00:46:59,880
Speaker 2: really like high in auto making.

987
00:47:00,080 --> 00:47:02,680
Speaker 1: But the other the other thing is I asked Jerry

988
00:47:02,719 --> 00:47:05,560
Speaker 1: and I asked Chris. I was like, if I'm paying

989
00:47:05,600 --> 00:47:08,719
Speaker 1: five million. Can I get real gauges because I don't

990
00:47:08,719 --> 00:47:12,640
Speaker 1: want screens. I don't want like a TFT, you know.

991
00:47:13,120 --> 00:47:16,040
Speaker 1: And then I've been thinking about it so much since

992
00:47:16,080 --> 00:47:20,799
Speaker 1: then somebody posted on Twitter a little bit more of

993
00:47:20,840 --> 00:47:23,760
Speaker 1: the interior of the new electric Ferrari. You know that, Johnny.

994
00:47:23,800 --> 00:47:27,319
Speaker 1: I've built it and it looks very nice, like what

995
00:47:27,320 --> 00:47:30,800
Speaker 1: you would expect from Apple, you know. But I've decided

996
00:47:31,080 --> 00:47:35,000
Speaker 1: true luxury, like working a little bit further from your

997
00:47:35,040 --> 00:47:38,400
Speaker 1: definition of it, has to be like genuine, like real materials,

998
00:47:38,440 --> 00:47:42,399
Speaker 1: wood and leather. I think true luxury has to go

999
00:47:42,640 --> 00:47:46,840
Speaker 1: so far as not to involve any microchips, Like the

1000
00:47:46,960 --> 00:47:50,960
Speaker 1: ultimate luxury vehicle will have no microchips in it.

1001
00:47:51,320 --> 00:47:55,080
Speaker 2: Wow, in my in my world, in your world? Yeah, okay,

1002
00:47:55,200 --> 00:47:56,000
Speaker 2: I love this for you.

1003
00:47:56,600 --> 00:47:59,080
Speaker 1: I wonder if you can actually get that anymore.

1004
00:47:59,120 --> 00:48:03,839
Speaker 2: Well, definitely, that's ex that rolls right, Yes, that qualifies

1005
00:48:04,000 --> 00:48:05,920
Speaker 2: well or this is what I love about singer.

1006
00:48:06,000 --> 00:48:09,200
Speaker 1: I some people like singers, love hate right, some people

1007
00:48:09,239 --> 00:48:11,319
Speaker 1: like singer. It's so stupid. Why would anyone pay like

1008
00:48:11,320 --> 00:48:14,279
Speaker 1: three million dollars for you know, a reworks nine six four?

1009
00:48:14,320 --> 00:48:17,279
Speaker 1: But I think because you just can't really get that anymore. Like,

1010
00:48:17,320 --> 00:48:21,200
Speaker 1: Porscha cannot sell you that. There's no way Porsche can

1011
00:48:21,280 --> 00:48:24,080
Speaker 1: produce and sell you a vehicle like that. It doesn't

1012
00:48:24,120 --> 00:48:27,200
Speaker 1: have all the kind of traction control stuff. I think

1013
00:48:27,239 --> 00:48:29,160
Speaker 1: it does actually have traction control and abs, but doesn't

1014
00:48:29,160 --> 00:48:32,080
Speaker 1: have anything beyond that right that they need to for

1015
00:48:32,120 --> 00:48:35,960
Speaker 1: today's regulations. So that's why they have screens. That's why

1016
00:48:36,000 --> 00:48:37,920
Speaker 1: they don't have a handbreak. That's why they don't have

1017
00:48:37,960 --> 00:48:40,480
Speaker 1: a manual transmission, because they have to homologate these things

1018
00:48:40,520 --> 00:48:42,440
Speaker 1: and it ends up costing so much it's not worth it.

1019
00:48:42,880 --> 00:48:45,160
Speaker 1: So you can only get stuff like that from a singer.

1020
00:48:45,160 --> 00:48:46,879
Speaker 1: You can only get stuff like that. I don't even

1021
00:48:46,920 --> 00:48:51,280
Speaker 1: know how. Uh, what's the one in in in Modina?

1022
00:48:52,160 --> 00:48:55,000
Speaker 1: Not CONEGZEG but the other PEGANI like, I don't even

1023
00:48:55,040 --> 00:48:58,200
Speaker 1: know how they end up selling cars into the US market.

1024
00:48:58,280 --> 00:49:01,640
Speaker 1: It doesn't make financial sense that they would have to

1025
00:49:01,680 --> 00:49:03,759
Speaker 1: crash a car first, and you have to do that.

1026
00:49:04,280 --> 00:49:08,040
Speaker 1: H Yeah, I'm like, am I going off on a

1027
00:49:08,120 --> 00:49:08,560
Speaker 1: rant here?

1028
00:49:08,640 --> 00:49:12,719
Speaker 2: No? No, I'm just listening. I mean, yeah, I the

1029
00:49:12,760 --> 00:49:14,720
Speaker 2: only other way to get it is to just buy

1030
00:49:14,760 --> 00:49:18,640
Speaker 2: something secondhand, But then again, it's not to your specification.

1031
00:49:18,160 --> 00:49:19,920
Speaker 1: Right, That's why singer's cool because you can make it

1032
00:49:19,920 --> 00:49:21,080
Speaker 1: exactly to your specs.

1033
00:49:21,280 --> 00:49:21,719
Speaker 2: You're right.

1034
00:49:21,920 --> 00:49:22,920
Speaker 1: Do you ever go over there?

1035
00:49:23,520 --> 00:49:27,880
Speaker 2: You know I have not, and I have not driven

1036
00:49:27,920 --> 00:49:30,719
Speaker 2: a singer. Point they are, you know, they are doing

1037
00:49:30,760 --> 00:49:33,080
Speaker 2: some sort of track diet day out at Willow Spring

1038
00:49:33,160 --> 00:49:35,200
Speaker 2: soon that they were kind enough to invite me too.

1039
00:49:35,239 --> 00:49:36,920
Speaker 2: But I think I'm gonna be in Miami with you,

1040
00:49:37,320 --> 00:49:39,800
Speaker 2: and I haven't driven one, so I can't. I can't.

1041
00:49:40,200 --> 00:49:45,680
Speaker 2: I will say this singer has had obviously reliability, like craftsmanship,

1042
00:49:45,840 --> 00:49:48,840
Speaker 2: build quality issues. I mean I've physically seen them with

1043
00:49:48,920 --> 00:49:51,839
Speaker 2: like the hoods taped down with blue tape on the road.

1044
00:49:51,920 --> 00:49:54,120
Speaker 1: But don't you just drive back over there and say,

1045
00:49:54,160 --> 00:49:55,600
Speaker 1: like Rob fix this.

1046
00:49:55,920 --> 00:49:59,040
Speaker 2: Yeah, I think that's probably been improved over the years.

1047
00:49:59,080 --> 00:50:01,560
Speaker 2: But I really can't comment. I haven't driven one. I

1048
00:50:01,600 --> 00:50:03,520
Speaker 2: haven't really spent any time around them.

1049
00:50:03,920 --> 00:50:08,759
Speaker 1: That's crazy. You're like the ultimate luxury reporter and you

1050
00:50:08,840 --> 00:50:11,040
Speaker 1: live in LA. They're in LA. You should go over

1051
00:50:11,080 --> 00:50:14,040
Speaker 1: there and say like, let me let me drive one.

1052
00:50:13,960 --> 00:50:15,520
Speaker 2: Let me let me in, let me in.

1053
00:50:16,160 --> 00:50:18,880
Speaker 1: Yeah, and the same guys that own them, you know,

1054
00:50:19,000 --> 00:50:22,480
Speaker 1: own Willow Springs. Now kind of there's like a well,

1055
00:50:22,520 --> 00:50:24,239
Speaker 1: there's a whole like holding.

1056
00:50:24,000 --> 00:50:27,000
Speaker 2: Well, we had nas on the show and he was great, right, Yeah,

1057
00:50:27,160 --> 00:50:30,719
Speaker 2: he was really really great and informative. So yeah, they've

1058
00:50:30,719 --> 00:50:33,160
Speaker 2: got a cocktail that people love for sure.

1059
00:50:33,360 --> 00:50:35,879
Speaker 1: All Right, Uh, I guess we're gonna go. We're gonna

1060
00:50:35,920 --> 00:50:36,600
Speaker 1: go now. Yeah, that's it.

1061
00:50:36,600 --> 00:50:37,080
Speaker 2: We're gonna go.

1062
00:50:37,160 --> 00:50:38,120
Speaker 1: That's it for this week.

1063
00:50:38,600 --> 00:50:42,280
Speaker 2: That's it for this week. I will I will tease

1064
00:50:42,640 --> 00:50:46,040
Speaker 2: that I did drive the dB twelve s yesterday. Wow,

1065
00:50:46,200 --> 00:50:49,279
Speaker 2: that twenty twenty six Aston Martin dB twelve s. Now.

1066
00:50:49,280 --> 00:50:51,480
Speaker 2: It's not a V it's not twelve cylinders, but it's

1067
00:50:51,520 --> 00:50:54,320
Speaker 2: a pretty good V eight Matt. I can't talk about

1068
00:50:54,320 --> 00:50:57,120
Speaker 2: the drive, but I'll tease that for the future. I

1069
00:50:57,400 --> 00:50:57,879
Speaker 2: it was fun.

1070
00:50:57,920 --> 00:51:00,239
Speaker 1: That's by the way, this is for me. It's a

1071
00:51:00,280 --> 00:51:03,320
Speaker 1: problem that it's called a problem because it's called a dbach.

1072
00:51:03,640 --> 00:51:05,480
Speaker 2: I know, it's confusing and misleading.

1073
00:51:05,120 --> 00:51:07,439
Speaker 1: And it only has eight cylinders. But the other one

1074
00:51:07,480 --> 00:51:11,919
Speaker 1: that you drove, which like the Valhallage, Yes, I think

1075
00:51:11,960 --> 00:51:17,560
Speaker 1: I saw those in the FM my garage in New Jersey. Yeah,

1076
00:51:18,080 --> 00:51:21,759
Speaker 1: because they were there like under there were there undercovers,

1077
00:51:22,239 --> 00:51:26,480
Speaker 1: and I talked to my buddy Eric Pierre's partner, and

1078
00:51:26,560 --> 00:51:28,040
Speaker 1: I was like dude, I want to drive one of those,

1079
00:51:28,080 --> 00:51:30,760
Speaker 1: and he was like, they're not press cars, you cannot, Oh,

1080
00:51:30,880 --> 00:51:34,000
Speaker 1: no way. And customer He's like, they just came in

1081
00:51:34,040 --> 00:51:37,080
Speaker 1: from JFK. And I said, oh, that must have been

1082
00:51:37,120 --> 00:51:38,959
Speaker 1: what Hannah was driving, and Bill back, oh maybe.

1083
00:51:40,560 --> 00:51:40,839
Speaker 3: All right.

1084
00:51:40,880 --> 00:51:42,440
Speaker 1: Well that does it for this week's show. Remember to

1085
00:51:42,480 --> 00:51:45,960
Speaker 1: follow and subscribe to Hot Pursuit on Apple, Spotify and

1086
00:51:46,000 --> 00:51:49,360
Speaker 1: anywhere you listen. Send us your comments. We forgot to

1087
00:51:49,360 --> 00:51:51,080
Speaker 1: do the mail bag. We should do the mail bag

1088
00:51:51,080 --> 00:51:54,239
Speaker 1: next week. We kind of have to. Okay, we have

1089
00:51:54,320 --> 00:51:57,120
Speaker 1: to because we have so much mail. Send us your comments.

1090
00:51:57,160 --> 00:51:59,880
Speaker 1: Our email is hot Pursuit at Bloomberg dot net and

1091
00:52:00,000 --> 00:52:01,680
Speaker 1: we're going to go through all of them on next

1092
00:52:01,719 --> 00:52:02,200
Speaker 1: week's show.

1093
00:52:02,400 --> 00:52:04,240
Speaker 2: Yeah, and you can check out my columns and stories

1094
00:52:04,239 --> 00:52:06,960
Speaker 2: on Bloomberg dot com and the Bloomberg Business App. You

1095
00:52:06,960 --> 00:52:09,200
Speaker 2: can go there for car reviews, events and stories that

1096
00:52:09,239 --> 00:52:12,720
Speaker 2: you won't find anywhere else. Find it all at Bloomberg

1097
00:52:12,760 --> 00:52:16,440
Speaker 2: dot com, slash Pursuits, slash autos. I'm Hannah Elliott and

1098
00:52:16,480 --> 00:52:18,600
Speaker 1: I'm Matt Miller will be back in your podcast feed

1099
00:52:18,800 --> 00:52:21,600
Speaker 1: again next week