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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. I'm Matt Miller and

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Speaker 1: I'm Hannah Elliott, and this is hot Pursuit.

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Speaker 2: All right, we have a guest that you, I think

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Speaker 2: recently have interviewed. Yes, for your day.

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Speaker 1: Job, for my day job writing about automotive things. Aaron Keating,

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Speaker 1: who is the executive analyst for Cox's Automotive, is going

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Speaker 1: to join us. And she's so informative and articulate about

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Speaker 1: what is really happening on the underside of the automotive market.

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Speaker 1: I thought she should come on and help us understand

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Speaker 1: what's going on with these high prices.

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Speaker 2: Yeah, I'm pretty excited to talk to her. She knows

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Speaker 2: a ton about the industry because she has so much

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Speaker 2: experience and so many different.

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Speaker 1: Used to work it out.

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Speaker 2: Ye positions, Yep. My first car was an auty by

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Speaker 2: the way, the first car that I bought myself, Right,

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Speaker 2: My first car was my mom's baby blue Volvo two

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Speaker 2: forty station wagon. I put thousands of miles on it

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Speaker 2: without ever changing the oil, and then at like two

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Speaker 2: fifty the motor just seized.

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Speaker 1: You know, I did that with the accurate legend. When

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Speaker 1: I was in college, I didn't really know, you have

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Speaker 1: to like check the oil.

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Speaker 2: Yeah, I didn't really get that at the time.

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Speaker 1: I didn't get that. No one told me. No one

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Speaker 1: told me. And yeah, the same thing happened to me

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Speaker 1: with my white accurate Legend with a phone in it. Unfortunately.

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Speaker 2: Wow, cool car though, with the phone in it.

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Speaker 1: Yeah, it was my uncle's. He was a corporate lawyer.

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Speaker 1: He was like the only car guy in my family.

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Speaker 1: He was cool. He's still alive.

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Speaker 2: I fondly remember the first days of car phones. My dad,

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Speaker 2: also a corporate lawyer, got one and it was in

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Speaker 2: like a briefcase. Yeah, and I thought it was like.

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Speaker 1: The curly cord.

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Speaker 2: Yeah, yes, yeah.

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Speaker 1: I thought it was extremely cool.

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Speaker 2: It was pretty cool. I never had anyone to call,

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Speaker 2: but I was always like I could call someone.

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Speaker 1: If I wanted to in case of emergency.

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Speaker 2: But yeah, that volvo into a lot of grateful dead

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Speaker 2: shows and co and then didn't go to anymore. But no,

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Speaker 2: my first car ever. When I first started working for Bloomberg,

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Speaker 2: by the way, twenty five years ago this.

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Speaker 1: Month, wild congratulations, I.

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Speaker 2: Took my first paycheck and some money that I'd saved

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Speaker 2: up in college for a down payment on an Audi

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Speaker 2: A four station wagon because I'm not an idiot with

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Speaker 2: a two point five liter TDI motor that I mean,

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Speaker 2: it had one hundred and eighty horse power, but still

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Speaker 2: I could pretty easily get it up to two hundred

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Speaker 2: kilometers an hour on the Autobahn because I was in

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Speaker 2: Frankfurt and it was like my Schemobile for the perfect

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Speaker 2: next five years. It was such a great car.

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Speaker 1: That's a really good choice, like very makes a lot

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Speaker 1: of sense, very practical but also cool.

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Speaker 2: Yeah, a stick shift obviously, you know, three pedals. It

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Speaker 2: had like suede strips in the seats to hold you

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Speaker 2: in place, kind of sporty.

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Speaker 1: You know what color was it?

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Speaker 2: Dolphin gray? I they didn't really have many choices. Yeah,

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Speaker 2: you know it was like three different shades of gray

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Speaker 2: and then a bluish gray like what is this?

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Speaker 1: This is pre married Matt obviously.

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Speaker 2: Yeah, yeah, no it.

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Speaker 3: Yeah.

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Speaker 2: It was my first time, like you know, really living

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Speaker 2: in my own apartment away from home, a real job

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Speaker 2: after the record store, you know, and uh like a

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Speaker 2: grown up.

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Speaker 1: Yeah, I remember those days that I had, and it's

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Speaker 1: just such a fun feeling for me, it sounds like

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Speaker 1: for you it was.

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Speaker 2: That's such a it was amazing. My first cell phone,

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Speaker 2: you know, like with a monthly contract. Wow, and text

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Speaker 2: messaging was like the newest thing. No one could believe it.

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Speaker 2: I remember using the first BlackBerry that I ever had

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Speaker 2: in that car.

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Speaker 1: Is that a company BlackBerry?

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Speaker 2: It was actually BlackBerry gave me a model to test

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Speaker 2: out before they started really selling them. And my friends

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Speaker 2: couldn't believe that you could send and receive emails with

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Speaker 2: this cell phone. It was just amazing. That was before

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Speaker 2: three g. Let's talk about new cars with our guest,

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Speaker 2: Aaron Keating. She is out in San Diego at a

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Speaker 2: Toyota event driving the Forerunner, the new for Runner. What

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Speaker 2: a hot car, What a hot truck.

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Speaker 1: Man. If you had that in high school when I

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Speaker 1: was in high school.

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Speaker 2: Oh yes, you were cool. I had a buddy who

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Speaker 2: had one in college. It was sweet.

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Speaker 3: Yeah.

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Speaker 2: Aaron Keating from Cox Automotive.

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Speaker 1: I have to say, the whole idea for this conversation

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Speaker 1: with Aaron Keating, who is the executive analyst for Cox Automotive,

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Speaker 1: I hope I got that right. Erin and of course

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Speaker 1: Cox Automotive owns Kelly Bluebook, but Erin also has quite

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Speaker 1: a long career in the automotive industry, and she has

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Speaker 1: worked for automakers, with automakers and now she's an analyst.

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Speaker 1: And what I was getting to is I called her

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Speaker 1: last week because I really wanted to understand pricing. We've

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Speaker 1: just seen all of the new average transaction pricing numbers

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Speaker 1: come in for twenty twenty four and it was so

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Speaker 1: insightful to talk to her about that. I said, you

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Speaker 1: should come on the podcast and enlighten us both. So Erin,

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Speaker 1: We're so happy to have you, of course, thank.

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Speaker 2: You, thanks for joining. Yeah, you know, it's funny. I've

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Speaker 2: been focused on pricing as well because with the threat

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Speaker 2: of twenty five percent tariffs against Canada and Mexico, I

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Speaker 2: saw an estimate that new car prices could rise by

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Speaker 2: another three thousand I think that was Wolf Research that

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Speaker 2: put that out, and so I looked back at Bloomberg

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Speaker 2: Intelligence data, which I guess you must have the similar

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Speaker 2: similar data, and saw that the average new car prices

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Speaker 2: have gone up from I think it was thirty three thousand,

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Speaker 2: five hundred in twenty fifteen to forty eight thousand, eight

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Speaker 2: hundred in twenty twenty four, so a forty six percent

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Speaker 2: increase already. And then the threat of another six percent

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Speaker 2: on top of that seems crazy.

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Speaker 3: We'll be crippling. And we think that's a fairly low number.

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Speaker 3: Could be depending on which models we're talking about and

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Speaker 3: how many you know. Again, I think Hannah and I

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Speaker 3: were talking about the fact that tariffs, you know, will

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Speaker 3: be impacted also just on how many times the cars

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Speaker 3: or the component trees going back and forth across the borders.

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Speaker 3: You know, we don't yet know how they're going to

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Speaker 3: solve for that challenge. If a part is going from

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Speaker 3: here over to Canada or down in Mexico and getting

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Speaker 3: put into a component, and then the component as a

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Speaker 3: unit is being sent back over here or being assembled there,

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Speaker 3: you know, if that's where it will add to the

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Speaker 3: cost theoretically, you know, you'd hope that they'd think through

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Speaker 3: that logistically, but how do they track the sheer logistics

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Speaker 3: needs in the supply chain to manage that complexity.

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Speaker 4: I don't have a ton of confidence.

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Speaker 2: And let's talk about pricing though in general, because it's

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Speaker 2: been a big issue, you know, especially during the pandemic.

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Speaker 2: They just took off not just new cars but used cars.

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Speaker 2: Is it just me or do automotive products just take

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Speaker 2: up a larger share of our income now than they

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Speaker 2: did ten twenty years ago.

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Speaker 3: No, they for sure do, and there's a lot of

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Speaker 3: reasons that they do. And there's the cost of ownership.

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Speaker 3: Even though a lot of people Kelly Bluebook and other groups,

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Speaker 3: you know, look at total cost of ownership, it's a

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Speaker 3: little bit tough for consumers to understand because most consumers

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Speaker 3: will look at their monthly payment. That's what's really helping

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Speaker 3: them make their decision. But that monthly payment, which includes

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Speaker 3: insurance and things like that, those prices are also blowing up.

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Speaker 3: So it's not just even that the car itself is

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Speaker 3: more expensive and taking up a bigger share of your wallet.

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Speaker 3: Ancillary expenses that you have around that have also been rising.

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Speaker 3: So it's not your imagination. It is happening.

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Speaker 1: And I know we spoke about the reasons for this.

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Speaker 1: I mean, this is not some arbitrary thing that automakers

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Speaker 1: are deciding we would like to make more money there,

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Speaker 1: We're going to up our prices. Can you just run

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Speaker 1: down it's going to be a repeat of what you

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Speaker 1: told me, But there are so many complicated factors. Can

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Speaker 1: you run down for our listeners what goes into the

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Speaker 1: pricing structure of why car is priced a certain way.

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Speaker 3: Absolutely, and you know you mentioned Matt about COVID and

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Speaker 3: how the cost went up. Yes, there was a supply

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Speaker 3: and demand challenge within the market that did help increase prices.

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Speaker 3: So some of that, some of that pricing did go

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Speaker 3: up based on a supply and demand pure economics. But

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Speaker 3: over the course of the years, I think what a

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Speaker 3: lot of consumers don't necessarily understand or want to face

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Speaker 3: about themselves as consumers, especially in the US, is that

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Speaker 3: we're very picky in the US. I think I was

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Speaker 3: working with one of my guys in Kelly Doulbook recently

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Speaker 3: to see we have over six hundred and thirty variants

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Speaker 3: of vehicles in this country, six hundred and thirty so forever.

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Speaker 3: I mean, you know, I'm here right now at the

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Speaker 3: Forerunner launch and they have nine different levels of the

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Speaker 3: Forerunner itself coming out just for the twenty twenty five edition,

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Speaker 3: nine different variants and within that remember colors, interior, exterior,

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Speaker 3: trim packages. These things get really expensive to have to

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Speaker 3: come up with the right production planning to get the

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Speaker 3: right amount of each type of vehicle that every American wants,

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Speaker 3: and they want it just so and so the complexity

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Speaker 3: that we've demanded as consumers in US certainly put the

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Speaker 3: pressure on manufacturers to build to our specifications, so to speak,

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Speaker 3: and that's done and planned, you know, as we know

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Speaker 3: two to three years out from the product cycle. So

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Speaker 3: those complexities start to pile on pricing, which is why

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Speaker 3: you see a lot of companies trying to go towards

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Speaker 3: you know, platforms that could be agnostic across a couple

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Speaker 3: of different models and so forth. So the complexity, I

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Speaker 3: think is a really big one that we just don't

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Speaker 3: give enough credit to and the consumers, you know, to

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Speaker 3: be a little harsh, don't take enough responsibility for why

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Speaker 3: the cost has.

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Speaker 4: Been driven up by a lot of that.

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Speaker 3: Certainly, compliance and regulation complicates the cost structure of things.

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Speaker 4: You know.

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Speaker 3: We know that even the most recent regulations that are

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Speaker 3: coming through around the breaking being able to you know,

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Speaker 3: your card needs to build a break over sixty miles

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Speaker 3: an hour. Every new feature that we are putting into

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Speaker 3: the complexity of the US market specifically, I've talked a

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Speaker 3: lot about this with people who are looking at the

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Speaker 3: Chinese market and saying, you know, the Chinese can somehow

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Speaker 3: build cheaper cars just remember that a lot of the

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Speaker 3: markets are selling those cars into don't have the regulation

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Speaker 3: that we have for safety purposes and so forth in

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Speaker 3: the America, in North America, and so therefore the home

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Speaker 3: alligation requirements can become more expensive.

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Speaker 4: So that's another reason.

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Speaker 3: But we were also moving towards this transition with the

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Speaker 3: power trade, and right now electric vehicles are not profitable

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Speaker 3: for most auto manufacturers.

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Speaker 2: You know what, I hate electronic parking brakes. I miss

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Speaker 2: a handbrake in a lot of vehicles, and I think

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Speaker 2: many fans of cars, like people who really love vehicles,

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Speaker 2: miss the handbrake and don't like the button the electronic handbrake.

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Speaker 2: Is that a regulatory thing?

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Speaker 4: That's a good question, Matt.

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Speaker 3: I can't imagine it is, because there's still plenty of

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Speaker 3: vehicles that have the push brake for your foot.

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Speaker 4: You know, the pedal brake.

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Speaker 2: That's true.

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Speaker 3: Yeah, So I'm not sure that the handbrake would have

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Speaker 3: been thrown in there, but we want it, I would imagine,

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Speaker 3: and I can't say this is for sure, but I

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Speaker 3: would imagine we got rid of the handbrake because we

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Speaker 3: wanted more space for bigger cup holders, and we wanted space,

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Speaker 3: you know, women started asking can we have a space

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Speaker 3: for my purse to.

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Speaker 4: Go in between that center console.

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Speaker 3: You know, there's there's different trade offs that a lot

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Speaker 3: of manufacturers had to make based on again our very

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Speaker 3: pickiness of the types of things that we want in

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Speaker 3: our peoples. And you know it's not all that. But

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Speaker 3: to your point, for those of us that are enthusiasts,

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Speaker 3: we miss them all.

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Speaker 1: You know what I think is has been And tell

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Speaker 1: me if I'm wrong, Aaron, But my impression of some

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Speaker 1: of these programs, like the Black Badge program and the

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Speaker 1: Night series program Rolls. Royce has their Black Badge, Mercedes

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Speaker 1: has a Night series that kind of group together some

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Speaker 1: sort of special customization and in a way that makes

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Speaker 1: the buyers feel that they are special and they can

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Speaker 1: reflect their own personality in the cars. Is that the

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Speaker 1: way that automakers are balancing being able to give customers

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Speaker 1: something that feels special and customized, but also trying to

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Speaker 1: manage efficiencies and the way that they implement some of

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Speaker 1: these special touches for lack of a better word.

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Speaker 3: Sure, I mean, you're talking of course about brands that

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Speaker 3: are very high luxury and so you know, their profit

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Speaker 3: margins are a little bit bigger and allow them to

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Speaker 3: do a little bit more customization or create more specialness.

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Speaker 4: In their products.

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Speaker 3: But we're seeing that also carried down down market into

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Speaker 3: more affordable lineups as well. So for sure, I think

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Speaker 3: it's a matter of helping customers to feel more special

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Speaker 3: especially in the luxury market.

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Speaker 4: The more you go down market, it's.

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Speaker 3: Likely that people are believing that the younger generation wants

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Speaker 3: that type of specialization. And you know now that you

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Speaker 3: can yeah, customize your environment anywhere you are, I think

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Speaker 3: that they're and I'm not sure it's true. I'm not

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Speaker 3: sure that the next generation needs that type of specialness,

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Speaker 3: but I think we've all convinced ourselves, given the proliber

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Speaker 3: of all of our connected devices, that we need those

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Speaker 3: types of things everywhere. And you know, maybe if we

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Speaker 3: didn't give them to people in vehicles, we'd still be

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Speaker 3: dealing with cars that were a little bit more affordable,

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Speaker 3: and probably everyone would still love like.

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Speaker 1: Windows that you have to crank to roll up rather

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Speaker 1: than right exactly.

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Speaker 3: I've got my nineteen eighty three BMW three eighteen.

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Speaker 4: N and it's got its stitch shift and roll.

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Speaker 3: Down windows and non power steering, and I am teaching

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Speaker 3: my children to embrace you know, this is what a

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Speaker 3: car used to feel like.

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Speaker 2: That's awesome. I think part of that is a padding

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Speaker 2: margins because I noticed recently Harley Davidson now charges if

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Speaker 2: you want black finishes instead of chrome on you know,

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Speaker 2: your forks and your exhaust and so forth, they charge

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Speaker 2: you one three hundred fifty dollars extra. That's not because

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Speaker 2: it costs them more in Milwaukee to put black finishes

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Speaker 2: than it does chrome finishes. It's because they know everybody

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Speaker 2: wants the black finish and it's an opportunity for them

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Speaker 2: to raise your price. Yeah.

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Speaker 4: Absolutely, for sure. I think you're dead on there.

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Speaker 3: I mean, the manufacturers have to look for ways in

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Speaker 3: which to keep the profitability at a reenable level for

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Speaker 3: them to be able to continue to move into the

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Speaker 3: next generation again of power trains and so on and technology.

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Speaker 3: That for sure, if there's an area where you think

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Speaker 3: that there's consumer demand for a specific specialization that you can,

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Speaker 3: you know, charge a premium price for that, of course,

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Speaker 3: will always help them with their margin market numbers.

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Speaker 1: One thing that you mentioned we spoke about that I

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Speaker 1: thought was so interesting is how you really emphasize that

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Speaker 1: the more expensive cars are gaining ground. I think you

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Speaker 1: said that cars that cost at least eighty thousand dollars

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Speaker 1: increased thirty seven percent in December compared to the previous year,

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Speaker 1: and the average price of a vehicle in that segment

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Speaker 1: was over one hundred thousand dollars. So that to me

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Speaker 1: says and I think you touched on this, people either

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Speaker 1: want the most expensive all of the options, or they

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Speaker 1: want a very very basic minimum move and not not

305
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Speaker 1: sure this middle ground. Is that what you're seeing?

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Speaker 3: Yes, and yes for luxury, for sure, we're seeing that

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Speaker 3: all the bells and whistles are now just an expectation,

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Speaker 3: and so typically people will go for the higher trims.

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Speaker 3: I think it certainly continues to speak to the vibrication

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Speaker 3: of our market. Also, you know, we've seen this trending

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Speaker 3: for the last couple of years, and so the rich

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Speaker 3: keep getting richer and it is becoming less less affordable

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Speaker 3: for lower to mid income. But we did see, you know,

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Speaker 3: inflation did drop a little bit for the lower quintile.

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Speaker 4: I think last year we.

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Speaker 3: Got to a gap of over twenty percent gap where

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Speaker 3: the lowest income quintiles we're feeling inflation at as high

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Speaker 3: of a twenty two percent rate versus the highest income quintiles,

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Speaker 3: who were you know, floating there around the three percent.

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Speaker 3: So it really does depend on what part of the

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Speaker 3: market you're in, the income quintile you're in, with how

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Speaker 3: inflation actually feels to your budget. So those lower trim

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Speaker 3: cars are going to always be more attracted to individuals

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Speaker 3: that really just need a mode of transportation as opposed

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Speaker 3: to looking for a car that they're you know.

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Speaker 4: Loving and living.

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Speaker 3: Luckily for them these days, even the lowest trim of

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Speaker 3: most models are really superior cars and great.

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Speaker 4: Great modes of transportation.

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Speaker 3: You know, you're really hard pressed to find a car

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Speaker 3: that's just a complete you know, like their bones, not

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Speaker 3: worthy of having. But that's I mean, part of the

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00:17:28,720 --> 00:17:32,040
Speaker 3: reason you see interest in China is because you know,

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Speaker 3: they reportedly can build a car.

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Speaker 4: For fourteen thousand dollars and again one seconds some alligator.

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Speaker 4: For the US, it will be different, but there's.

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Speaker 2: Also a very healthy US market. And you know, I

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Speaker 2: hate to keep bring up Harley Davidson, but I've been

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Speaker 2: kind of obsessed lately, and to be fair, you know,

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Speaker 2: they sell forty five thousand dollars bike. So we're talking

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Speaker 2: about the same price level, but I've heard that they're

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Speaker 2: reducing their models offering and taking out some of the

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Speaker 2: mid tier price options because they just say, look, if

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Speaker 2: you can't afford to step up to the big boys,

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Speaker 2: we want you to buy used.

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Speaker 4: And yeah, is that?

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Speaker 2: I mean? I for a long time, I know Portia

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Speaker 2: has been a big supporter of their used market. It

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Speaker 2: makes a lot of sise to me. Does that Do

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Speaker 2: you hear that from executives as well?

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Speaker 3: You know, I haven't heard that specifically from executives, but

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Speaker 3: it makes perfect sense.

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Speaker 4: You know.

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Speaker 3: The only challenge, of course now that we're going to

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Speaker 3: have in the next year or two is that we're

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Speaker 3: actually running.

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Speaker 4: Fuel on fumes here.

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Speaker 3: With used cars, because we did miss that gap of

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Speaker 3: about ten million units during the supply chain snarl and

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Speaker 3: the COVID crisis, and so interestingly enough, we are going

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Speaker 3: to face a little bit of a crunch and used

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Speaker 3: cars and use cars may in fact get more expensive

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Speaker 3: because of the supply demand issue there. But definitely we've

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Speaker 3: seen a lot of manufacturers hold on to their CPO programs,

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Speaker 3: and more than that, a lot of them, as you've seen,

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Speaker 3: are starting to put even older vehicles into their CPO programs.

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Speaker 3: It used to be held, you know, CPO used to

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Speaker 3: be relatively held for the one to three year old vehicles,

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Speaker 3: and now I think bomb that goes up to ten

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Speaker 3: years to keep a.

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Speaker 4: Car in the Certify pre owned.

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Speaker 3: Yeah, a couple of manufacturers are doing that, so one

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Speaker 3: hundred percent. It is always good for dealers and automakers

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00:19:11,840 --> 00:19:13,680
Speaker 3: to have a healthy used market, for sure.

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Speaker 2: Let's talk about the new vehicles. As we enter a

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Speaker 2: new year. You're out there looking at the new four Runners,

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Speaker 2: So yep, what do you like? What's exciting?

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Speaker 4: Well, I will.

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Speaker 3: Say, having just driven this Forerunner, it is amazing. I

380
00:19:34,840 --> 00:19:36,679
Speaker 3: forgot how much I love them. I've had two of

381
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Speaker 3: them in the past, and honestly, talking about budget, I

382
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Speaker 3: drove the SR five today, the lowest of the trims,

383
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Speaker 3: and it was fantastic. So I'm excited about that. I'm

384
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Speaker 3: excited about them coming out. This is I think the

385
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Speaker 3: sixth generation, and so they don't they don't come out

386
00:19:51,840 --> 00:19:54,560
Speaker 3: with them too often totally revamped and it's still the

387
00:19:54,560 --> 00:19:55,800
Speaker 3: same old good fore Runners.

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Speaker 4: So I'm excited about that.

389
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Speaker 2: The back windows still does the back windows still go down.

390
00:20:00,320 --> 00:20:02,040
Speaker 3: Not only does it still go down, that but they

391
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Speaker 3: told me it's on for a permanent it will always

392
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Speaker 3: be a power back window.

393
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Speaker 2: Yes, I love that fantastic. I love that truck. I

394
00:20:09,760 --> 00:20:12,280
Speaker 2: mean it's I think it's sort of underrated. You know,

395
00:20:12,440 --> 00:20:14,679
Speaker 2: people don't mention it a lot when you're talking about

396
00:20:15,040 --> 00:20:18,800
Speaker 2: you know, SUVs, and one of the issues has been

397
00:20:18,800 --> 00:20:21,800
Speaker 2: that it's chronically underpowered, like they always offer it with

398
00:20:21,840 --> 00:20:24,600
Speaker 2: that yeah three hundred horsepower V six and I think

399
00:20:24,640 --> 00:20:26,920
Speaker 2: it's yeah, now it's a four right.

400
00:20:27,880 --> 00:20:31,120
Speaker 4: Yeah, they're going up to I think the top line.

401
00:20:31,160 --> 00:20:33,159
Speaker 3: I should remember this because they literally just gave us

402
00:20:33,160 --> 00:20:36,720
Speaker 3: the walk around. But the top line I think.

403
00:20:36,600 --> 00:20:39,840
Speaker 4: Is yeah, over four hundred, but it's it's real powerful.

404
00:20:39,840 --> 00:20:42,080
Speaker 3: I mean, admittedly I was driving the I was taking

405
00:20:42,080 --> 00:20:46,520
Speaker 3: the Forerunner into ego mode and it still was, you know,

406
00:20:46,680 --> 00:20:49,439
Speaker 3: zooming along. And also, you know, you guys might do this.

407
00:20:49,920 --> 00:20:51,879
Speaker 3: I don't know too many carnerds that do this, but

408
00:20:51,960 --> 00:20:54,280
Speaker 3: I consistently drive my automatic and manual.

409
00:20:55,800 --> 00:20:56,240
Speaker 2: Oh you do.

410
00:20:56,440 --> 00:20:57,480
Speaker 4: I have taught my kids.

411
00:20:57,760 --> 00:21:01,040
Speaker 3: Yeah, and I've taught my kids how to drive sure

412
00:21:01,160 --> 00:21:04,040
Speaker 3: automatics and manual because they not only do you need

413
00:21:04,080 --> 00:21:05,280
Speaker 3: to know how to like if you need to get

414
00:21:05,320 --> 00:21:07,840
Speaker 3: out of a situation. Quickly you can go down into

415
00:21:07,880 --> 00:21:09,600
Speaker 3: a lower gear. But also if you lose your brakes,

416
00:21:09,640 --> 00:21:10,360
Speaker 3: you need to know how to.

417
00:21:10,280 --> 00:21:12,280
Speaker 4: Get in a lower gear. And so I love you.

418
00:21:12,280 --> 00:21:16,120
Speaker 4: As in the manual mode on automatics, I like.

419
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Speaker 2: It too, and I like to shift with the stick,

420
00:21:18,080 --> 00:21:22,320
Speaker 2: not with paddles, so exactly the shifter down next to

421
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Speaker 2: my right.

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00:21:25,000 --> 00:21:26,560
Speaker 1: On those yet, Aaron.

423
00:21:27,160 --> 00:21:29,399
Speaker 3: I think the SR five they said is in the

424
00:21:29,440 --> 00:21:34,040
Speaker 3: low forties. Okay, yeah, but yeah, so that's exciting.

425
00:21:34,160 --> 00:21:34,280
Speaker 4: You know.

426
00:21:34,280 --> 00:21:37,120
Speaker 3: I always love seeing a good old vehicle that's been around,

427
00:21:37,160 --> 00:21:39,879
Speaker 3: you know, and talking about keeping their used car rates around,

428
00:21:39,960 --> 00:21:42,159
Speaker 3: you know, I mean the foreigners especially to hold their

429
00:21:42,240 --> 00:21:43,120
Speaker 3: value for so long.

430
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Speaker 1: So it's a sweet, sweet use truck.

431
00:21:46,840 --> 00:21:50,040
Speaker 4: Yeah exactly. But you know, I'm not an.

432
00:21:49,880 --> 00:21:53,119
Speaker 3: Electric vehicle adopter just yet, but I am interested to

433
00:21:53,160 --> 00:21:54,920
Speaker 3: see some of the new models that are coming out

434
00:21:54,920 --> 00:21:56,439
Speaker 3: this year. So that's kind of nice to see that

435
00:21:56,480 --> 00:22:01,080
Speaker 3: the power train is continuing to come into a variety

436
00:22:01,119 --> 00:22:03,960
Speaker 3: of manufacturers, given Tesla a little bit of a run

437
00:22:03,960 --> 00:22:04,560
Speaker 3: for their money.

438
00:22:05,200 --> 00:22:09,160
Speaker 4: So I'm excited about that for this year. Let's see

439
00:22:09,240 --> 00:22:11,840
Speaker 4: what else is coming out this year? Are your favorites?

440
00:22:11,960 --> 00:22:15,440
Speaker 2: I mean, well, I mean if I talk about the SUVs.

441
00:22:15,800 --> 00:22:18,000
Speaker 2: I'm thinking about it a lot because I'm I'm currently

442
00:22:18,080 --> 00:22:21,040
Speaker 2: driving a GMC Yukon to Nally Ultimate.

443
00:22:21,200 --> 00:22:23,800
Speaker 4: Okay, jeez, yeah, do I love it?

444
00:22:23,880 --> 00:22:27,840
Speaker 2: I mean I was telling Hannah coming home from the

445
00:22:27,840 --> 00:22:31,720
Speaker 2: airport the other day, my heart just connected with that

446
00:22:31,760 --> 00:22:35,119
Speaker 2: six point two liters V eight and I kept sending

447
00:22:35,160 --> 00:22:39,600
Speaker 2: myself voice memos trying to put into words what I

448
00:22:39,640 --> 00:22:43,200
Speaker 2: was feeling. It was just pure bliss. And the ten

449
00:22:43,280 --> 00:22:47,359
Speaker 2: speed transmission, I couldn't even feel it changing gears. It

450
00:22:47,400 --> 00:22:50,080
Speaker 2: was just giving me exactly what I wanted when I wanted.

451
00:22:50,400 --> 00:22:54,760
Speaker 2: And I love it so much. And it's obviously huge.

452
00:22:55,119 --> 00:22:57,040
Speaker 2: It's a body on frame truck. There are not many

453
00:22:57,040 --> 00:22:59,520
Speaker 2: of those left. You got the Ford Expedition and Nissan

454
00:22:59,640 --> 00:23:01,399
Speaker 2: Armada and that's pretty much it.

455
00:23:02,160 --> 00:23:04,040
Speaker 4: And it's the only one.

456
00:23:04,400 --> 00:23:06,080
Speaker 2: But this is the only one of the V eight, right,

457
00:23:06,080 --> 00:23:09,800
Speaker 2: They've all done away with their V eights. And the

458
00:23:09,840 --> 00:23:12,720
Speaker 2: only problem I have with it is the thing has

459
00:23:12,840 --> 00:23:16,040
Speaker 2: It's so luxurious, right, but it has twenty four inch wheels,

460
00:23:16,040 --> 00:23:19,320
Speaker 2: which is just so stupid because you want to be

461
00:23:19,359 --> 00:23:22,560
Speaker 2: able to drive over curbs and you're gonna pop a

462
00:23:22,600 --> 00:23:25,080
Speaker 2: tire as soon as you get anywhere near a bump

463
00:23:25,119 --> 00:23:27,440
Speaker 2: in that thing because the tires are so low profile,

464
00:23:27,480 --> 00:23:29,280
Speaker 2: it doesn't make any sense. But I love the VIA.

465
00:23:29,680 --> 00:23:32,119
Speaker 1: Yeah yeah, did it fit in your garage?

466
00:23:33,040 --> 00:23:35,280
Speaker 2: I didn't attempt to put it in my garage. The

467
00:23:35,320 --> 00:23:39,400
Speaker 2: GLS fits in our garage Mercedes GLS, which is not

468
00:23:39,520 --> 00:23:43,760
Speaker 2: quite as big, but yeah, I mean it's just for me.

469
00:23:43,800 --> 00:23:46,240
Speaker 2: It's another level the body on frame trucks, because you

470
00:23:46,240 --> 00:23:48,879
Speaker 2: feel like you can really abuse them in an urban

471
00:23:49,640 --> 00:23:52,720
Speaker 2: environment and you can't with the Mercedes GLS. This suspension

472
00:23:52,760 --> 00:23:54,320
Speaker 2: on that is shot after a couple of years.

473
00:23:54,440 --> 00:23:56,080
Speaker 4: Yeah, yeah, yeah.

474
00:23:56,080 --> 00:23:57,760
Speaker 3: I'm in the phase now where I have a seventeen

475
00:23:57,760 --> 00:23:59,600
Speaker 3: and a fourteen year old, so I'm kind of going,

476
00:24:00,160 --> 00:24:01,240
Speaker 3: do I want another SUV?

477
00:24:01,320 --> 00:24:03,840
Speaker 4: I don't really need it anymore. I kind of want

478
00:24:03,840 --> 00:24:04,880
Speaker 4: a sports car.

479
00:24:04,920 --> 00:24:07,600
Speaker 1: Yes, yes, come over to the dark side.

480
00:24:07,840 --> 00:24:09,359
Speaker 4: Yeah, the dark side.

481
00:24:09,880 --> 00:24:12,080
Speaker 3: You know, I love a wagon. I love a wagon.

482
00:24:12,119 --> 00:24:14,320
Speaker 3: I'm not gonna lie. There are there are six of

483
00:24:14,320 --> 00:24:16,719
Speaker 3: course is my dream. But you know, until I can

484
00:24:16,760 --> 00:24:19,760
Speaker 3: get one of those, uh you know, for a baby,

485
00:24:20,440 --> 00:24:22,199
Speaker 3: those are just my favorite.

486
00:24:22,240 --> 00:24:25,040
Speaker 4: But but yeah, so I do love a wagon. I

487
00:24:25,040 --> 00:24:27,240
Speaker 4: think we should really normalize.

488
00:24:26,760 --> 00:24:30,440
Speaker 1: Those locer there's such a mystery because everybody who works

489
00:24:30,480 --> 00:24:34,600
Speaker 1: in cars loves a wagon, every block, for every YouTube

490
00:24:34,840 --> 00:24:39,359
Speaker 1: content creator in fluid, yeah, everyone and auto make me

491
00:24:39,400 --> 00:24:40,360
Speaker 1: say they can't sell them.

492
00:24:40,800 --> 00:24:41,399
Speaker 2: I don't get it.

493
00:24:41,560 --> 00:24:43,240
Speaker 4: Yeah, I don't get it either.

494
00:24:43,480 --> 00:24:45,879
Speaker 2: If I'm buying an M three, I want it in

495
00:24:45,960 --> 00:24:49,720
Speaker 2: a wagon, right right? Who would ever choose the sedan

496
00:24:49,880 --> 00:24:51,040
Speaker 2: when you can get the wagon?

497
00:24:52,960 --> 00:24:53,240
Speaker 4: Agree?

498
00:24:54,040 --> 00:24:56,879
Speaker 1: Why would you ever buy a minivan? Just get a wagon?

499
00:24:56,920 --> 00:24:57,880
Speaker 3: Yeah?

500
00:24:58,160 --> 00:24:59,600
Speaker 4: Right, exactly, I know.

501
00:24:59,640 --> 00:25:01,720
Speaker 3: But you know, I've I've heard from many van lovers,

502
00:25:01,880 --> 00:25:03,359
Speaker 3: especially men who love them.

503
00:25:03,359 --> 00:25:06,000
Speaker 4: It's like the captaincies. They're all, They're all that's.

504
00:25:05,760 --> 00:25:08,880
Speaker 1: What it's about inside them.

505
00:25:08,880 --> 00:25:09,920
Speaker 2: Any van also.

506
00:25:09,800 --> 00:25:13,720
Speaker 1: Actually met had an experience with a minivan in recent Yeah,

507
00:25:14,359 --> 00:25:16,960
Speaker 1: I just and you did. Like it was the seat, it's.

508
00:25:16,840 --> 00:25:20,760
Speaker 2: A seating position, and yeah, you can kind of move

509
00:25:20,800 --> 00:25:23,720
Speaker 2: around more inside them than you can in a station wagon.

510
00:25:24,720 --> 00:25:27,360
Speaker 2: It's not the same as a car, but they're.

511
00:25:27,200 --> 00:25:28,479
Speaker 4: Yeah, I get it.

512
00:25:28,520 --> 00:25:30,600
Speaker 3: I mean, you couldn't pay me to drive one, but

513
00:25:30,640 --> 00:25:33,679
Speaker 3: I get it. I can see the appeal. But O,

514
00:25:33,720 --> 00:25:36,359
Speaker 3: thank you. So yeah, So I'm in the car buying

515
00:25:36,359 --> 00:25:37,840
Speaker 3: mode right now. So it's kind of interesting in the

516
00:25:37,880 --> 00:25:41,320
Speaker 3: position that I'm in knowing the cost, the affordability like

517
00:25:41,359 --> 00:25:44,600
Speaker 3: we're talking about and how expensive these things get and

518
00:25:44,600 --> 00:25:47,200
Speaker 3: and interest rates and everything, and trying to navigate like, oh,

519
00:25:47,560 --> 00:25:48,760
Speaker 3: what is it that I want to do? I might

520
00:25:48,800 --> 00:25:50,679
Speaker 3: even go back to leasing. I know that's crazy.

521
00:25:51,400 --> 00:25:52,399
Speaker 4: It's a word.

522
00:25:53,040 --> 00:25:54,640
Speaker 3: I think for a lot of people, it's a bad

523
00:25:54,680 --> 00:25:57,800
Speaker 3: word because you know, we've convinced ourselves that it's it's

524
00:25:58,000 --> 00:26:01,240
Speaker 3: a way more expensive way to purchase a car. But again,

525
00:26:01,320 --> 00:26:04,600
Speaker 3: that monthly payment, right, but the monthly payments what most

526
00:26:04,640 --> 00:26:07,120
Speaker 3: people are shocking by. And you can just simply now

527
00:26:07,119 --> 00:26:09,760
Speaker 3: that leasing's coming back, you can simply get a more

528
00:26:09,760 --> 00:26:12,200
Speaker 3: expensive car for less money per month. And with the

529
00:26:12,400 --> 00:26:15,560
Speaker 3: pace of change of technology, Yes, to me, it just

530
00:26:15,600 --> 00:26:18,000
Speaker 3: seems to make a lot of sense, right, Yeah.

531
00:26:17,840 --> 00:26:20,480
Speaker 2: Absolutely, if you've got a battery, if you're like Hanna

532
00:26:20,480 --> 00:26:22,560
Speaker 2: and I were talking with in our last podcast with

533
00:26:22,600 --> 00:26:25,800
Speaker 2: Alex Royd about battery degradation, and I don't know the

534
00:26:25,880 --> 00:26:29,159
Speaker 2: exact figures, and maybe my fears are a little bit overblown,

535
00:26:29,640 --> 00:26:31,720
Speaker 2: but I just think I want someone else to own

536
00:26:31,760 --> 00:26:35,840
Speaker 2: that problem. So if I'm getting a hybrid or god forbid,

537
00:26:35,840 --> 00:26:38,680
Speaker 2: a fully electric vehicle, and there are some out there

538
00:26:38,720 --> 00:26:40,880
Speaker 2: that I do like I like the key of EV nine, for.

539
00:26:40,840 --> 00:26:42,679
Speaker 4: Example, fantastic.

540
00:26:43,080 --> 00:26:45,920
Speaker 2: I would lease that, you know, because then yeah, at

541
00:26:45,920 --> 00:26:48,040
Speaker 2: the end of the lease, I can get whatever the newest,

542
00:26:48,240 --> 00:26:50,680
Speaker 2: better thing is. And also I don't have to worry

543
00:26:50,720 --> 00:26:56,280
Speaker 2: about the possibility that the battery lost fifty percent of Yeah, yeah.

544
00:26:56,119 --> 00:26:57,919
Speaker 3: I mean, you know, we have an we have an

545
00:26:57,960 --> 00:27:01,840
Speaker 3: EV Battery Solutions group with Cocks Automotive, and I will

546
00:27:01,840 --> 00:27:03,840
Speaker 3: give you some assurances that what we've seen from a

547
00:27:03,840 --> 00:27:06,919
Speaker 3: degradation perspective, it's so low that the batteries really are

548
00:27:06,960 --> 00:27:10,800
Speaker 3: integrating very much. So it's really not something to be

549
00:27:10,840 --> 00:27:13,280
Speaker 3: worried about. Neither is range, of course, but a lot

550
00:27:13,320 --> 00:27:15,800
Speaker 3: of people still, you know, I think most people's anxiety now,

551
00:27:16,080 --> 00:27:17,640
Speaker 3: I like to say, is charge or anxiety.

552
00:27:17,680 --> 00:27:19,080
Speaker 4: It can't be ranged.

553
00:27:19,119 --> 00:27:20,920
Speaker 3: We can go just about as far on an EV

554
00:27:21,000 --> 00:27:23,840
Speaker 3: as we can on an ice vehicle, and the degradation

555
00:27:24,040 --> 00:27:25,960
Speaker 3: really is proving not to be that big of an issue.

556
00:27:26,119 --> 00:27:29,520
Speaker 3: But more importantly, I think the leasing makes sense also

557
00:27:29,560 --> 00:27:31,960
Speaker 3: because it's just such a new technology. Still, We're going

558
00:27:32,000 --> 00:27:34,639
Speaker 3: to see such advances that you're going to want to

559
00:27:34,680 --> 00:27:37,440
Speaker 3: be able to switch out quickly, you know, and we've

560
00:27:37,840 --> 00:27:41,480
Speaker 3: kind of exhausted the advances that we're making in combustion

561
00:27:41,920 --> 00:27:45,000
Speaker 3: power trains, so we need to recognize that. You know,

562
00:27:45,080 --> 00:27:49,760
Speaker 3: for me, at least, leasing an EV makes sense because

563
00:27:49,800 --> 00:27:51,680
Speaker 3: of that, because in three years it might just be

564
00:27:51,720 --> 00:27:52,440
Speaker 3: a very different car.

565
00:27:52,600 --> 00:27:55,080
Speaker 2: By the way, on that note, Aaron, we've Hannah and

566
00:27:55,119 --> 00:27:57,200
Speaker 2: I have been emailing back and forth with a listener

567
00:27:57,280 --> 00:28:03,399
Speaker 2: who is wondering about buying a slightly used luxury EV.

568
00:28:03,760 --> 00:28:06,320
Speaker 2: So you know, everyone wants to get like a twenty

569
00:28:06,400 --> 00:28:10,480
Speaker 2: twenty range Rover, right because then you don't take the

570
00:28:10,520 --> 00:28:15,240
Speaker 2: initial hit somebody else eats the depreciation. But the worry is,

571
00:28:15,560 --> 00:28:18,000
Speaker 2: as soon as they're out of warranty, is it going

572
00:28:18,080 --> 00:28:22,159
Speaker 2: to become a money pit? And I think it's a

573
00:28:22,240 --> 00:28:25,919
Speaker 2: valid concern for not just a Range Rover, which obviously

574
00:28:25,920 --> 00:28:29,159
Speaker 2: they're notorious for that, but also for you know, a

575
00:28:29,200 --> 00:28:32,399
Speaker 2: Mercedes GLS, a BMW X seven, any.

576
00:28:32,280 --> 00:28:33,600
Speaker 1: Of these big SUVs.

577
00:28:33,880 --> 00:28:37,919
Speaker 2: Yeah they have they have the expensive air suspension and

578
00:28:37,960 --> 00:28:40,840
Speaker 2: if something goes wrong with that, you're out five grand,

579
00:28:41,000 --> 00:28:44,280
Speaker 2: you know, And they're all of these electronic systems are worrying.

580
00:28:44,560 --> 00:28:48,320
Speaker 2: What do you think about a gently used a luxury suv?

581
00:28:48,960 --> 00:28:49,440
Speaker 2: What would you.

582
00:28:49,480 --> 00:28:53,520
Speaker 4: Choose as far As an ev or just any.

583
00:28:53,400 --> 00:28:57,520
Speaker 2: No, any any luxury SUV, you know, any luxury trust

584
00:28:58,280 --> 00:28:59,400
Speaker 2: but we meant SUV.

585
00:28:59,640 --> 00:29:04,360
Speaker 4: I meant yeah SV. Oh that's a good question. I mean, yeah, Range.

586
00:29:04,160 --> 00:29:06,560
Speaker 3: Rover, I wouldn't mind. I wouldn't mind one of those

587
00:29:06,960 --> 00:29:08,520
Speaker 3: for sure. And I agree with you. It's nice to

588
00:29:08,520 --> 00:29:12,000
Speaker 3: have someone else capture the depreciations that you don't have to.

589
00:29:14,720 --> 00:29:16,960
Speaker 4: Gosh, that's you're asking me to pick my favorite baby.

590
00:29:17,000 --> 00:29:17,280
Speaker 4: I don't know.

591
00:29:17,320 --> 00:29:20,680
Speaker 1: I think the question about the range Rover specifically, too,

592
00:29:20,800 --> 00:29:24,720
Speaker 1: is they do have a certain reputation for being very

593
00:29:24,760 --> 00:29:28,520
Speaker 1: reliable from that era and just for always being in

594
00:29:28,560 --> 00:29:35,160
Speaker 1: the shop. And I'm curious is that a earnest earned reputation.

595
00:29:36,480 --> 00:29:37,480
Speaker 4: That is a good question.

596
00:29:37,600 --> 00:29:39,320
Speaker 3: I don't know that I have any data in my

597
00:29:39,360 --> 00:29:40,600
Speaker 3: back pocket to tell you.

598
00:29:40,680 --> 00:29:41,520
Speaker 4: I haven't looked at.

599
00:29:41,400 --> 00:29:43,640
Speaker 3: The range Rover recently all that much, because it is

600
00:29:43,640 --> 00:29:46,320
Speaker 3: a fairly low volume model for what we look at

601
00:29:46,680 --> 00:29:50,360
Speaker 3: at Cox Automotive. But uh, you know, I think most

602
00:29:50,400 --> 00:29:53,160
Speaker 3: cars these days are a heck of a lot stronger

603
00:29:53,200 --> 00:29:53,880
Speaker 3: and better.

604
00:29:53,640 --> 00:29:55,680
Speaker 4: Built than we.

605
00:29:55,760 --> 00:29:59,120
Speaker 3: You know, then we function our memory of how vehicles

606
00:29:59,200 --> 00:30:01,280
Speaker 3: used to be. I mean, even if you think about

607
00:30:01,560 --> 00:30:03,719
Speaker 3: the fact that when the minute you mention a luxury,

608
00:30:03,800 --> 00:30:07,560
Speaker 3: especially perhaps a German luxury, you know, everyone's like, oh,

609
00:30:07,640 --> 00:30:09,920
Speaker 3: I'd love to have one, but the expense of fixing it,

610
00:30:10,080 --> 00:30:12,760
Speaker 3: you know. And it's like, are we saying that because

611
00:30:12,760 --> 00:30:14,760
Speaker 3: we've been conditioned to remember that it was always so

612
00:30:14,920 --> 00:30:15,959
Speaker 3: expensive to bias?

613
00:30:16,320 --> 00:30:19,040
Speaker 1: I think it is. I think it's people who don't

614
00:30:19,080 --> 00:30:22,880
Speaker 1: actually own and know, and they just repeat right, what

615
00:30:22,920 --> 00:30:25,920
Speaker 1: the popular wisdom is, which is not actually accurate.

616
00:30:26,000 --> 00:30:29,440
Speaker 3: Right exactly exactly, you know, And the warranties are lasting

617
00:30:29,480 --> 00:30:32,000
Speaker 3: so much longer, and there are plenty of you know,

618
00:30:32,120 --> 00:30:33,600
Speaker 3: I mean not to give a little boost to the

619
00:30:33,680 --> 00:30:36,560
Speaker 3: F and I office, but there are plenty of you know,

620
00:30:36,640 --> 00:30:38,400
Speaker 3: products that you can purchase if you're so.

621
00:30:38,400 --> 00:30:40,840
Speaker 4: Worried about the quality of the vehicle, that aren't.

622
00:30:40,680 --> 00:30:43,280
Speaker 3: Terribly expensive and would ensure you against any of that

623
00:30:43,360 --> 00:30:46,000
Speaker 3: kind of stuff happening. And again, with regulation and recalls

624
00:30:46,080 --> 00:30:49,360
Speaker 3: and things like that, a lot of times the manufacturers.

625
00:30:48,840 --> 00:30:49,560
Speaker 4: Can be put on the.

626
00:30:49,560 --> 00:30:52,640
Speaker 3: Spot to have to pay for the specific repairs or

627
00:30:52,800 --> 00:30:55,440
Speaker 3: recalls that happen. So I don't know, I don't know

628
00:30:55,440 --> 00:30:57,600
Speaker 3: that it's a bad idea. Used is always going to

629
00:30:57,640 --> 00:30:58,720
Speaker 3: be a good choice.

630
00:30:58,720 --> 00:31:01,440
Speaker 2: I think it's funny because because all right, I giggle

631
00:31:01,480 --> 00:31:07,280
Speaker 2: a little because Doug DeMuro bought the previous generation range Rover,

632
00:31:07,360 --> 00:31:09,840
Speaker 2: the L I think three twenty two, and he got

633
00:31:09,880 --> 00:31:13,440
Speaker 2: a bumper to bumper warranty from CarMax back in the day, remember,

634
00:31:13,480 --> 00:31:16,840
Speaker 2: and like then everything went wrong with his truck and

635
00:31:16,960 --> 00:31:19,800
Speaker 2: CarMax ended up paying out like fifty or sixty grand.

636
00:31:20,840 --> 00:31:24,000
Speaker 2: I like the just to point out that I like

637
00:31:24,120 --> 00:31:27,560
Speaker 2: the I think it's the L four h five generation

638
00:31:27,800 --> 00:31:31,720
Speaker 2: of range Rover, which is the just until twenty twenty one,

639
00:31:31,760 --> 00:31:34,800
Speaker 2: because it's the last generation with the supercharged five Leader

640
00:31:34,880 --> 00:31:39,720
Speaker 2: that that Jaguar Landrover is famous for. And the new

641
00:31:39,760 --> 00:31:42,440
Speaker 2: ones look a little too spacey for me. And they

642
00:31:42,480 --> 00:31:46,480
Speaker 2: have a turbocharged four point four Leader BMW motor, which

643
00:31:46,680 --> 00:31:47,960
Speaker 2: just isn't in the spirit of it.

644
00:31:49,080 --> 00:31:51,560
Speaker 1: Yeah, yeah, I don't have a problem I mean with

645
00:31:51,560 --> 00:31:54,880
Speaker 1: the German motor in a British vehicle, to be quite honest,

646
00:31:55,320 --> 00:32:00,680
Speaker 1: I feel like that would be an upgrade, right, Eric,

647
00:32:00,920 --> 00:32:01,480
Speaker 1: what do you think?

648
00:32:02,240 --> 00:32:03,840
Speaker 4: I don't know that I have a problem with that either.

649
00:32:04,000 --> 00:32:07,040
Speaker 4: I mean, if you you know I'm a big racing fan.

650
00:32:07,160 --> 00:32:09,600
Speaker 3: If you look over to F one and the pinnacle

651
00:32:09,600 --> 00:32:12,120
Speaker 3: of racing to see, you know, which you know a

652
00:32:12,160 --> 00:32:14,560
Speaker 3: lot of people who don't know about racing, they don't

653
00:32:14,640 --> 00:32:15,320
Speaker 3: recognize that.

654
00:32:15,440 --> 00:32:16,000
Speaker 4: Oh well, the.

655
00:32:15,960 --> 00:32:18,720
Speaker 3: Ferraris what's powering the haus you know, or the Mercedes

656
00:32:18,720 --> 00:32:21,120
Speaker 3: is what's powering the Williams. And yeah, you know there's

657
00:32:21,160 --> 00:32:24,280
Speaker 3: I don't have a problem with people leveraging better power

658
00:32:24,960 --> 00:32:28,160
Speaker 3: units if that's what you if that's what you need

659
00:32:28,200 --> 00:32:29,840
Speaker 3: to make the car where it needs to go.

660
00:32:30,480 --> 00:32:35,120
Speaker 2: Well, remember when BMW bought Earls Royce, they swapped out

661
00:32:35,160 --> 00:32:39,000
Speaker 2: the six and three quarter lead motor and and and

662
00:32:39,040 --> 00:32:43,240
Speaker 2: even Bentley for a while had like the rnage red

663
00:32:43,320 --> 00:32:46,480
Speaker 2: label and green label. Remember they put a BMW motor

664
00:32:46,520 --> 00:32:47,040
Speaker 2: in those and.

665
00:32:47,720 --> 00:32:51,960
Speaker 1: The Anage is as you know, I think highly desirable.

666
00:32:52,120 --> 00:32:53,920
Speaker 2: Me too, but I would rather have one with the

667
00:32:53,960 --> 00:32:57,520
Speaker 2: six point seventy five liter V eight than the BMW

668
00:32:57,720 --> 00:32:58,720
Speaker 2: power plant.

669
00:32:59,280 --> 00:33:03,680
Speaker 4: You guys know you're stuff impressed. Hey, flying above my head?

670
00:33:03,840 --> 00:33:07,120
Speaker 2: Well, well you mentioned racing, and I was on the

671
00:33:07,360 --> 00:33:09,720
Speaker 2: radio show with Tom Keen earlier this week. He put

672
00:33:09,720 --> 00:33:10,960
Speaker 2: me on the spot and asked me what I thought

673
00:33:11,000 --> 00:33:13,320
Speaker 2: Lewis Hamilton was going to do with with Ferrari. I

674
00:33:13,400 --> 00:33:15,680
Speaker 2: have no clue because I watched Motor GP.

675
00:33:17,080 --> 00:33:20,240
Speaker 1: I'm loving all of the images they've released this week

676
00:33:20,400 --> 00:33:24,640
Speaker 1: of Lewis and a double breasted, amazing suit at the

677
00:33:24,640 --> 00:33:27,120
Speaker 1: home of Ferrari looking like a boss.

678
00:33:27,680 --> 00:33:31,560
Speaker 3: I mean, yeah, I think he's gonna I think he's

679
00:33:31,600 --> 00:33:33,760
Speaker 3: going to do well. I think he's going to go

680
00:33:33,760 --> 00:33:34,240
Speaker 3: out on top.

681
00:33:34,280 --> 00:33:34,600
Speaker 4: Why not?

682
00:33:35,240 --> 00:33:38,760
Speaker 1: It seems so fitting as this top of his career

683
00:33:38,880 --> 00:33:42,880
Speaker 1: to cap it to me, it just seems very fitting

684
00:33:43,200 --> 00:33:45,320
Speaker 1: and to be honest, and I'm not going to air

685
00:33:45,360 --> 00:33:48,960
Speaker 1: anyone out specifically, but I had, you know, on certain

686
00:33:49,160 --> 00:33:52,320
Speaker 1: Ferrari press launches, I've like, you know, asked the guys

687
00:33:52,480 --> 00:33:55,320
Speaker 1: handling the cars, Hey, what do you think of Hamilton joining?

688
00:33:55,400 --> 00:33:58,080
Speaker 1: And they, like, honestly, some of them were turning up

689
00:33:58,080 --> 00:34:00,520
Speaker 1: their nose a little bit, saying he's old, it's a

690
00:34:00,560 --> 00:34:04,040
Speaker 1: PR stunt whatever, But hey, car doesn't know how old

691
00:34:04,080 --> 00:34:04,320
Speaker 1: you are.

692
00:34:04,960 --> 00:34:08,480
Speaker 3: He's still precisely and were they watching the twenty twenty

693
00:34:08,480 --> 00:34:09,120
Speaker 3: fourth season?

694
00:34:09,280 --> 00:34:12,279
Speaker 4: Are you kidding me? Like, Alonzo's even older and.

695
00:34:12,239 --> 00:34:14,200
Speaker 3: He's still driving like a bat out of hell with

696
00:34:14,480 --> 00:34:15,600
Speaker 3: amazing racecrafts.

697
00:34:15,600 --> 00:34:18,200
Speaker 4: Shut up, people, come on back, give the guy a

698
00:34:18,280 --> 00:34:20,240
Speaker 4: t's my world champion.

699
00:34:20,280 --> 00:34:23,040
Speaker 2: I'm not sure he's a child too. He's only like

700
00:34:23,160 --> 00:34:24,120
Speaker 2: forty years old.

701
00:34:24,400 --> 00:34:27,200
Speaker 4: Yeah right, I know that's crazy.

702
00:34:27,920 --> 00:34:28,960
Speaker 2: Yeah, that's a kid.

703
00:34:29,200 --> 00:34:31,640
Speaker 4: I mean it is a kid. For those of us

704
00:34:31,680 --> 00:34:33,480
Speaker 4: over our fifties, you know, that's a kid.

705
00:34:34,280 --> 00:34:36,960
Speaker 1: I have a question for you, Matt. Yes, would you

706
00:34:37,160 --> 00:34:39,600
Speaker 1: drink Lamborghini coffee?

707
00:34:40,239 --> 00:34:40,479
Speaker 2: Yeah?

708
00:34:40,520 --> 00:34:43,440
Speaker 1: Sure, Lavataza and Lamborghini have just come out with a

709
00:34:43,560 --> 00:34:45,680
Speaker 1: Lamborghini themed coffee blend.

710
00:34:46,200 --> 00:34:48,520
Speaker 2: Definitely, I would get my motor running.

711
00:34:49,920 --> 00:34:53,040
Speaker 1: I'm kind of like, I don't know if I'm imagining.

712
00:34:52,560 --> 00:34:53,920
Speaker 2: Like motor oil.

713
00:34:54,160 --> 00:34:57,719
Speaker 1: Yeah exactly, I don't know if the coffee and Lamborghini.

714
00:34:57,160 --> 00:34:59,160
Speaker 2: Is I want it to taste a little bit like

715
00:34:59,520 --> 00:35:00,920
Speaker 2: I feel like a garage.

716
00:35:01,560 --> 00:35:03,560
Speaker 1: I feel like it's going to I mean, it'd be

717
00:35:03,640 --> 00:35:04,600
Speaker 1: kind of a cool gift.

718
00:35:04,880 --> 00:35:06,960
Speaker 2: Are you a coffee drinker? I have?

719
00:35:07,200 --> 00:35:08,600
Speaker 1: I have a coffee a day. I have one in

720
00:35:08,640 --> 00:35:09,040
Speaker 1: the morning.

721
00:35:09,360 --> 00:35:09,680
Speaker 3: Yeah.

722
00:35:09,719 --> 00:35:15,560
Speaker 2: See, I never drink no, I will. I will only well,

723
00:35:16,840 --> 00:35:19,279
Speaker 2: let's say I don't like the way it makes me

724
00:35:19,360 --> 00:35:22,240
Speaker 2: feel for the most part, but I will have a latte,

725
00:35:22,520 --> 00:35:24,680
Speaker 2: you know, something weak with a lot of milk.

726
00:35:25,880 --> 00:35:28,480
Speaker 1: When I say coffee, I really do mean most of

727
00:35:28,520 --> 00:35:31,960
Speaker 1: the time a latte. I'm using coffee colloquially.

728
00:35:31,600 --> 00:35:34,319
Speaker 2: I have gone to I used to go to, like

729
00:35:35,160 --> 00:35:38,840
Speaker 2: when Italy was hosting the G twenty. I would go

730
00:35:38,920 --> 00:35:44,120
Speaker 2: there in my other job and got hooked on drinking

731
00:35:44,160 --> 00:35:46,960
Speaker 2: the Espress there. I love an Espress, but it just

732
00:35:47,040 --> 00:35:49,200
Speaker 2: really got me wired. Oh yeah, I know.

733
00:35:49,680 --> 00:35:50,439
Speaker 1: I know I can feel.

734
00:35:50,480 --> 00:35:51,399
Speaker 2: I show that I can.

735
00:35:51,760 --> 00:35:53,839
Speaker 1: Yeah, there's all fuel you for quite a.

736
00:35:53,800 --> 00:35:55,560
Speaker 2: While, you know, I stay away from that, but I

737
00:35:55,560 --> 00:35:58,600
Speaker 2: would definitely try one if it was from because Lamborghini

738
00:35:58,640 --> 00:36:01,800
Speaker 2: is one of my all time favorite brands. I asked,

739
00:36:02,000 --> 00:36:03,120
Speaker 2: I love Lamborghini.

740
00:36:03,680 --> 00:36:06,680
Speaker 1: Yeah, maybe someone needs to send you a pouch of it.

741
00:36:07,160 --> 00:36:11,560
Speaker 2: Well, I would pay for it myself as a journalistic integrity.

742
00:36:11,719 --> 00:36:16,520
Speaker 1: No, I meant me. Yeah, that was That was a

743
00:36:16,560 --> 00:36:20,080
Speaker 1: memo to myself. And speaking of memo, I would like

744
00:36:20,160 --> 00:36:23,240
Speaker 1: to hear you play your voice memos that you took

745
00:36:23,280 --> 00:36:23,920
Speaker 1: for yourself.

746
00:36:24,040 --> 00:36:29,400
Speaker 2: Okay, So I so I didn't Actually they weren't voice memos.

747
00:36:29,440 --> 00:36:32,759
Speaker 2: What I did is I said, hey, Siri, write me

748
00:36:32,800 --> 00:36:38,880
Speaker 2: a note. So you know Apple iPhones have notes, yes,

749
00:36:38,920 --> 00:36:43,399
Speaker 2: and I will. I mean, I was just okay, this

750
00:36:43,480 --> 00:36:46,120
Speaker 2: car is an absolute pleasure to drive. The six point

751
00:36:46,160 --> 00:36:49,680
Speaker 2: two liters V just provides effortless power combined with this transmission,

752
00:36:49,680 --> 00:36:51,879
Speaker 2: you honestly don't even notice it shifting, and it gives

753
00:36:51,920 --> 00:36:55,279
Speaker 2: you everything you need when you need it. Obviously, it's

754
00:36:55,280 --> 00:36:57,560
Speaker 2: not a sports car. It's a very large truck, and

755
00:36:57,600 --> 00:36:59,640
Speaker 2: there are very few other vehicles that are this big

756
00:36:59,680 --> 00:37:02,040
Speaker 2: on the road. This only compares really with the Vord

757
00:37:02,040 --> 00:37:04,000
Speaker 2: Expedition on our model. Blah blah. I was kind of

758
00:37:04,000 --> 00:37:10,080
Speaker 2: like writing myself notes, yes, but it really the vibes,

759
00:37:11,480 --> 00:37:13,640
Speaker 2: the warmth of the engine. I kept thinking about what

760
00:37:13,680 --> 00:37:16,480
Speaker 2: Alex Roy said about how it kind of matches your heartbeat.

761
00:37:17,640 --> 00:37:21,080
Speaker 2: It just can't be replicated by a V six. All

762
00:37:21,120 --> 00:37:27,000
Speaker 2: of these manufacturers, most notably well for me as a

763
00:37:27,040 --> 00:37:29,919
Speaker 2: fan of the Ford Motor Company. You know they've gone

764
00:37:29,920 --> 00:37:33,160
Speaker 2: away from their six point two liters V eight. They

765
00:37:33,239 --> 00:37:35,080
Speaker 2: used to have that in the Raptor. Now they have

766
00:37:35,120 --> 00:37:38,359
Speaker 2: the eco boost in it, and it just it can

767
00:37:38,480 --> 00:37:40,799
Speaker 2: never be as good they I'm sure they're doing it

768
00:37:40,840 --> 00:37:43,799
Speaker 2: to be better for the planet, and I applaud that,

769
00:37:44,600 --> 00:37:48,640
Speaker 2: or to meet regulations, and I understand that, but it's

770
00:37:48,800 --> 00:37:52,600
Speaker 2: just not something that I would want to spend my

771
00:37:52,760 --> 00:37:57,640
Speaker 2: money on, even in the high output form like the

772
00:37:57,640 --> 00:38:01,680
Speaker 2: the Bronco raptor. It's a great moment, like the power

773
00:38:01,880 --> 00:38:07,880
Speaker 2: delivery is awesome, and it also you're never lacking, but

774
00:38:07,920 --> 00:38:11,640
Speaker 2: it doesn't give you the same feeling of luxury, you.

775
00:38:11,600 --> 00:38:15,600
Speaker 1: Know, no, no, But but I'm okay with that, honestly.

776
00:38:15,640 --> 00:38:18,040
Speaker 1: I mean, I'm all about the right tool for the job.

777
00:38:18,040 --> 00:38:22,040
Speaker 1: And you can't expect luxury from a non luxury vehicle.

778
00:38:22,080 --> 00:38:25,239
Speaker 1: And that's not a value judgment. That's just a horse

779
00:38:25,280 --> 00:38:26,000
Speaker 1: of a different.

780
00:38:25,760 --> 00:38:30,240
Speaker 2: Color, Yeah for sure. But so if when I'm driving

781
00:38:30,280 --> 00:38:33,439
Speaker 2: home on an empty highway in the middle of the night,

782
00:38:34,000 --> 00:38:38,840
Speaker 2: you know, listening to a little dead and Cornell, I

783
00:38:38,960 --> 00:38:41,600
Speaker 2: just want that V eight there. You know, I'm not flying,

784
00:38:41,640 --> 00:38:43,440
Speaker 2: I'm not in a race, but I just want that.

785
00:38:43,520 --> 00:38:45,600
Speaker 1: You're a simple man power come.

786
00:38:45,440 --> 00:38:49,319
Speaker 2: On and that fullness, you know, just to make my

787
00:38:49,440 --> 00:38:50,759
Speaker 2: chest feel good.

788
00:38:52,640 --> 00:38:55,560
Speaker 1: I have no comeback to that other than I wish

789
00:38:55,600 --> 00:38:58,080
Speaker 1: that for you. I do really wish that for you.

790
00:38:58,160 --> 00:39:00,799
Speaker 1: Met It's so great, sounds like a great happy place

791
00:39:00,880 --> 00:39:01,080
Speaker 1: for you.

792
00:39:01,320 --> 00:39:05,440
Speaker 2: Yeah. And this truck, by the way, it is I

793
00:39:05,840 --> 00:39:08,680
Speaker 2: keep trying to think of. On the one hand, there's

794
00:39:08,680 --> 00:39:11,000
Speaker 2: a lot of other stuff you could buy for less,

795
00:39:11,080 --> 00:39:14,160
Speaker 2: because how much does it cost over one hundred thousand dollars,

796
00:39:14,440 --> 00:39:18,799
Speaker 2: of course, And I guess you know, there are many

797
00:39:18,880 --> 00:39:22,040
Speaker 2: things that are more expensive if you buy a range Rover,

798
00:39:22,640 --> 00:39:26,080
Speaker 2: for example, you're gonna pay more if you buy a

799
00:39:26,120 --> 00:39:29,840
Speaker 2: fully loaded you know, Cayenne Turbo or even the GTS

800
00:39:29,840 --> 00:39:33,600
Speaker 2: that you drove. I would guess it was more option

801
00:39:33,680 --> 00:39:35,880
Speaker 2: to the way it was. But then there are a

802
00:39:35,920 --> 00:39:38,480
Speaker 2: lot of you know, a bmw X five. It's not

803
00:39:38,520 --> 00:39:41,400
Speaker 2: the same thing, right, it's so much smaller, but it

804
00:39:41,480 --> 00:39:44,239
Speaker 2: is an suv and it's luxury. You can get it

805
00:39:44,280 --> 00:39:51,480
Speaker 2: for less a Mercedes GLS or you know, even up there,

806
00:39:51,520 --> 00:39:52,360
Speaker 2: it's it's less.

807
00:39:52,800 --> 00:39:54,839
Speaker 1: Prices are so weird these days.

808
00:39:54,600 --> 00:39:58,480
Speaker 2: It is weird. But these these body on frame trucks

809
00:39:58,480 --> 00:40:00,879
Speaker 2: that are SUVs, they're essentially pick up trucks that are

810
00:40:01,040 --> 00:40:04,960
Speaker 2: you know, covered in the back. They're so expensive. I know,

811
00:40:05,360 --> 00:40:09,760
Speaker 2: even the starting price is eighty thousand for the Yukon,

812
00:40:10,960 --> 00:40:15,200
Speaker 2: maybe seventy for the Tahoe. I just don't know when

813
00:40:15,200 --> 00:40:16,000
Speaker 2: did we get this?

814
00:40:16,600 --> 00:40:20,680
Speaker 1: Do you guess? The automaker with the highest average price

815
00:40:20,719 --> 00:40:23,120
Speaker 1: per vehicle in twenty twenty four, and this is coming

816
00:40:23,160 --> 00:40:25,239
Speaker 1: from Erin from Erin data.

817
00:40:25,080 --> 00:40:27,760
Speaker 2: Let's see highest average price per vehicle.

818
00:40:27,680 --> 00:40:30,239
Speaker 1: Not including exotics like Lamborghini.

819
00:40:29,640 --> 00:40:31,799
Speaker 2: Ferrari, not including Rolls Royce.

820
00:40:31,880 --> 00:40:34,360
Speaker 1: Not including Rolls Royce, not including Bugatti.

821
00:40:35,880 --> 00:40:38,919
Speaker 2: Uh well, if it's if Porsche is allowed, I would

822
00:40:39,000 --> 00:40:39,520
Speaker 2: choose Porsche.

823
00:40:39,719 --> 00:40:43,279
Speaker 1: Yes, yeah, you're right, ding ding ding. Apparently their their

824
00:40:43,520 --> 00:40:47,840
Speaker 1: average transaction price per vehicle is one hundred and fifteen

825
00:40:48,400 --> 00:40:50,640
Speaker 1: four hundred and seven dollars. Do you want to know

826
00:40:50,680 --> 00:40:52,080
Speaker 1: the second highest?

827
00:40:52,239 --> 00:40:55,600
Speaker 2: By the way, I can figure a carera tee and

828
00:40:55,680 --> 00:40:58,680
Speaker 2: I don't get close to that low, So I understand

829
00:40:59,040 --> 00:41:01,920
Speaker 2: totally right. Even even for the careerra tea, I'm always

830
00:41:02,000 --> 00:41:06,240
Speaker 2: ending up at like one, which is crazy.

831
00:41:06,320 --> 00:41:08,400
Speaker 1: She's just crazy because the t is supposed to be

832
00:41:08,440 --> 00:41:11,279
Speaker 1: sort of the thinking man's n affordable one exactly that

833
00:41:11,360 --> 00:41:13,440
Speaker 1: you don't have to get all of the other stuff

834
00:41:13,480 --> 00:41:16,840
Speaker 1: that you don't actually need. Yeah, I know that is wild.

835
00:41:17,440 --> 00:41:19,040
Speaker 2: What did you What was your other question?

836
00:41:19,960 --> 00:41:20,920
Speaker 1: Do you want to know the second?

837
00:41:20,960 --> 00:41:21,080
Speaker 4: Oh?

838
00:41:21,120 --> 00:41:22,480
Speaker 2: The second highest?

839
00:41:23,320 --> 00:41:27,200
Speaker 1: Ummm it's I was surprised by this one, actually, but

840
00:41:27,280 --> 00:41:29,480
Speaker 1: we've mentioned it on this show. We've mentioned this brand.

841
00:41:30,520 --> 00:41:36,479
Speaker 2: Is it Mercedes? No, BMW, Nope? What is it out?

842
00:41:36,600 --> 00:41:39,720
Speaker 1: Land Rover? It's land Rover. Oh, isn't that interesting?

843
00:41:39,840 --> 00:41:40,840
Speaker 2: That's crazy.

844
00:41:41,000 --> 00:41:41,200
Speaker 4: I know.

845
00:41:41,320 --> 00:41:44,680
Speaker 1: Land Rover is also over one hundred thousand dollars averaged

846
00:41:44,760 --> 00:41:47,680
Speaker 1: per vehicle. It's at one hundred and two thousand, seven

847
00:41:47,840 --> 00:41:48,640
Speaker 1: and three dollars.

848
00:41:49,080 --> 00:41:52,760
Speaker 2: I guess that's because they don't have many lower prices.

849
00:41:53,440 --> 00:41:56,040
Speaker 1: I think that is. It's all SUVs. They're all big,

850
00:41:56,120 --> 00:41:57,640
Speaker 1: they're all heavy, they all have a bunch.

851
00:41:57,520 --> 00:42:00,000
Speaker 2: Of there's no mix. Like even Porsche. You can get

852
00:42:00,080 --> 00:42:01,520
Speaker 2: at the box Star or that cam.

853
00:42:01,400 --> 00:42:04,600
Speaker 1: In and BMW. You know, you can get some true

854
00:42:04,800 --> 00:42:06,799
Speaker 1: a lot and that pulls their number down.

855
00:42:06,840 --> 00:42:09,160
Speaker 2: You can get a ton of lower price BMW's. And

856
00:42:09,160 --> 00:42:11,719
Speaker 2: that's the same for Mercedes. Yeah. For a land Rover

857
00:42:11,840 --> 00:42:15,319
Speaker 2: you can only get basically after the discovery you get

858
00:42:15,320 --> 00:42:16,879
Speaker 2: like a range Rover Sport and a range Rover.

859
00:42:17,200 --> 00:42:17,640
Speaker 3: Yeah.

860
00:42:17,719 --> 00:42:19,239
Speaker 2: Oh yeah, Defender, I always.

861
00:42:18,960 --> 00:42:19,360
Speaker 4: Forget it.

862
00:42:21,400 --> 00:42:25,680
Speaker 1: Completely. Yeah, I know, isn't that wild? I mean, this

863
00:42:25,800 --> 00:42:28,880
Speaker 1: is why I in my own personal life, I I

864
00:42:29,840 --> 00:42:33,200
Speaker 1: was today, I drove a three thousand dollars Rolls Royce.

865
00:42:33,280 --> 00:42:36,839
Speaker 2: To work, three thousand dollars.

866
00:42:36,880 --> 00:42:38,000
Speaker 1: Drive plus a trade.

867
00:42:38,239 --> 00:42:40,040
Speaker 2: Yeah, well plus a trade.

868
00:42:40,560 --> 00:42:45,200
Speaker 1: Okay, that's the fine, Prince. It was three thousand plus

869
00:42:45,200 --> 00:42:48,680
Speaker 1: a minor trade. But you know, yeah, I mean I

870
00:42:48,800 --> 00:42:49,640
Speaker 1: was very happy.

871
00:42:49,760 --> 00:42:54,480
Speaker 2: You are very brave and have also been very lucky

872
00:42:54,920 --> 00:42:58,399
Speaker 2: when it comes to buying, you know, classic cars and

873
00:42:58,440 --> 00:43:00,000
Speaker 2: not having massive repair bills.

874
00:43:00,080 --> 00:43:02,600
Speaker 1: I was thinking yesterday, I don't need to gamble. I

875
00:43:02,719 --> 00:43:05,840
Speaker 1: drive an old card.

876
00:43:04,719 --> 00:43:08,440
Speaker 2: And you haven't had You've never had, like all of

877
00:43:08,480 --> 00:43:11,359
Speaker 2: a sudden, a ten thousand dollars bill for that car.

878
00:43:11,520 --> 00:43:15,399
Speaker 1: Not a ten thousand no, no, no, But.

879
00:43:15,360 --> 00:43:16,879
Speaker 2: Is it a nineteen seventy one?

880
00:43:19,440 --> 00:43:21,319
Speaker 1: The one today is eighty three.

881
00:43:21,880 --> 00:43:24,000
Speaker 2: Okay, you have multiple rolls choices.

882
00:43:23,920 --> 00:43:27,399
Speaker 1: Yeah, but seventy five. Yeah, this is the other other one.

883
00:43:27,600 --> 00:43:29,640
Speaker 1: I should stop talking now because I sound really snobby,

884
00:43:29,680 --> 00:43:31,000
Speaker 1: but these are not expensive cars.

885
00:43:31,200 --> 00:43:35,600
Speaker 2: No, it's awesome. I mean crops respect, but.

886
00:43:35,640 --> 00:43:37,200
Speaker 1: Yeah it is. It is a little bit of a

887
00:43:37,239 --> 00:43:40,839
Speaker 1: gamble for sure. You know, we've talked about it before.

888
00:43:40,920 --> 00:43:43,799
Speaker 1: Sometimes you think why am I doing this? But it's

889
00:43:43,840 --> 00:43:44,799
Speaker 1: fun and.

890
00:43:44,719 --> 00:43:47,360
Speaker 2: It's also it's not as much of a gamble as

891
00:43:47,560 --> 00:43:50,400
Speaker 2: it turns into when you get a late eighties into

892
00:43:50,400 --> 00:43:51,160
Speaker 2: the nineties.

893
00:43:52,080 --> 00:43:55,200
Speaker 1: Yeah, you know, to get out of a car from

894
00:43:55,200 --> 00:43:58,400
Speaker 1: the seventies and into a car from the eighties, depending

895
00:43:58,440 --> 00:44:01,560
Speaker 1: on the brand, is a world of difference. And the

896
00:44:01,600 --> 00:44:06,480
Speaker 1: seventies to me at least in Rolls Royce years, feels

897
00:44:06,640 --> 00:44:09,359
Speaker 1: very closely connected to the sixties. The minute you get

898
00:44:09,440 --> 00:44:12,960
Speaker 1: into something in the eighties, it feels very modern compared

899
00:44:13,000 --> 00:44:14,120
Speaker 1: to the others, and.

900
00:44:14,080 --> 00:44:16,280
Speaker 2: It can be much more expensive to repair.

901
00:44:17,040 --> 00:44:20,239
Speaker 1: Yeah, I still want a Corniche or a Camarge, and

902
00:44:20,440 --> 00:44:23,280
Speaker 1: those are more expensive. They're out of my price range

903
00:44:23,560 --> 00:44:24,840
Speaker 1: and they're later models.

904
00:44:24,880 --> 00:44:30,600
Speaker 2: So yeah, all right, what do you got coming up? Anything?

905
00:44:31,120 --> 00:44:31,680
Speaker 2: Anything good?

906
00:44:31,760 --> 00:44:36,040
Speaker 1: No? What? No? I have nothing good? Everything is everything

907
00:44:36,080 --> 00:44:40,120
Speaker 1: has been delayed, postponed or canceled because of the fire.

908
00:44:40,239 --> 00:44:40,479
Speaker 3: Ah.

909
00:44:40,600 --> 00:44:45,080
Speaker 1: Yes, so you know, I do have an electromiccon electric

910
00:44:45,280 --> 00:44:48,439
Speaker 1: Macon coming. I do have an electric escalade coming. Still

911
00:44:48,480 --> 00:44:50,600
Speaker 1: got that vanquished coming, But they've all been kicked down

912
00:44:50,640 --> 00:44:52,640
Speaker 1: the road a little bit because we are still sort

913
00:44:52,640 --> 00:44:56,600
Speaker 1: of digging ourselves out of fire stuff, which is right

914
00:44:56,680 --> 00:45:01,480
Speaker 1: and completely understandable. But I know you're going to Indonesia.

915
00:45:02,000 --> 00:45:04,520
Speaker 2: I have an eighteen hour flight to Singapore and then

916
00:45:04,560 --> 00:45:08,319
Speaker 2: from there to Jakarta, from there to Sarong and then

917
00:45:08,360 --> 00:45:12,520
Speaker 2: I take a boat about five hours towards Papua New Guinea. Yeah,

918
00:45:12,560 --> 00:45:13,399
Speaker 2: it's a long trip.

919
00:45:13,440 --> 00:45:16,920
Speaker 1: Hey, how can you explain the genesis of this trip?

920
00:45:17,040 --> 00:45:20,600
Speaker 2: So I am going to Raja Ampat, which is in

921
00:45:20,719 --> 00:45:25,719
Speaker 2: between Indonesia and Papua New Guinea, and it's probably the

922
00:45:25,760 --> 00:45:29,920
Speaker 2: best diving in the world. And I've been there already

923
00:45:29,920 --> 00:45:34,320
Speaker 2: many times with my wife. In fact, we got engaged

924
00:45:34,360 --> 00:45:41,319
Speaker 2: there and it's just our favorite place to go. But

925
00:45:41,400 --> 00:45:42,759
Speaker 2: it takes forever to get there.

926
00:45:43,200 --> 00:45:44,880
Speaker 1: Yeah, that's very dedicated.

927
00:45:45,360 --> 00:45:48,239
Speaker 2: Yeah, and so you can make a choice like, well,

928
00:45:48,280 --> 00:45:51,560
Speaker 2: first off, which direction you're gonna fly, and then break

929
00:45:51,600 --> 00:45:53,600
Speaker 2: up the trip a little bit to make it more bearable.

930
00:45:53,680 --> 00:45:57,640
Speaker 2: So last a year we went via Tokyo and we

931
00:45:57,640 --> 00:46:00,839
Speaker 2: stopped in Tokyo for a couple of days to recuperate.

932
00:46:00,920 --> 00:46:04,080
Speaker 2: And this fun. This year, I'm gonna go to Singapore

933
00:46:04,400 --> 00:46:05,880
Speaker 2: and we're gonna hang out there for a couple of

934
00:46:05,920 --> 00:46:09,840
Speaker 2: days before we go on to ind Ani show. But

935
00:46:10,480 --> 00:46:14,359
Speaker 2: right now I'm looking at an eighteen hour flight, like NonStop,

936
00:46:15,120 --> 00:46:16,880
Speaker 2: and that's like what nine movies?

937
00:46:17,160 --> 00:46:19,520
Speaker 1: What's your coping mechanism for an eighteen hour flight?

938
00:46:19,680 --> 00:46:23,359
Speaker 2: I mean, I don't really have a coping mechanism. I've

939
00:46:23,400 --> 00:46:26,360
Speaker 2: never been on an eighteen hour flight before me neither.

940
00:46:27,680 --> 00:46:30,200
Speaker 1: The farthest I've gone as Cape Town and that's and

941
00:46:31,000 --> 00:46:33,640
Speaker 1: from from Paris that's a long one, but that's not

942
00:46:33,680 --> 00:46:34,520
Speaker 1: eighteen hours.

943
00:46:34,719 --> 00:46:38,320
Speaker 2: I don't know. I guess I'm just gonna I bought

944
00:46:38,719 --> 00:46:46,680
Speaker 2: The Power Broker, which is a very long book, and

945
00:46:46,760 --> 00:46:51,640
Speaker 2: I'm gonna download a bunch of movies. I guess I'll

946
00:46:51,640 --> 00:46:52,800
Speaker 2: have internet access.

947
00:46:52,880 --> 00:46:56,280
Speaker 1: So now I didn't realize you were a your scuba diver. Yes,

948
00:46:56,640 --> 00:46:59,280
Speaker 1: well we have that in common too. I love Patty Certified.

949
00:46:59,560 --> 00:47:00,160
Speaker 2: I love it.

950
00:47:00,600 --> 00:47:02,760
Speaker 1: Are you're not traveling with equipment.

951
00:47:02,320 --> 00:47:02,560
Speaker 4: Are you?

952
00:47:02,680 --> 00:47:05,240
Speaker 2: Yeah? Bring all my gear with me, not the tanks.

953
00:47:06,920 --> 00:47:09,520
Speaker 2: I just I want my own BCD so that I

954
00:47:09,560 --> 00:47:16,880
Speaker 2: am familiar with it. And you know, I'm an odd shape.

955
00:47:17,000 --> 00:47:20,320
Speaker 2: I'm very long and lanky, so I won't fit into

956
00:47:20,320 --> 00:47:22,719
Speaker 2: a wet suit whatever they no matter how big a

957
00:47:22,800 --> 00:47:25,880
Speaker 2: selection they have. Yeah. I mean I don't need much

958
00:47:25,880 --> 00:47:28,399
Speaker 2: of a wetsuit because it's going to be very warm water.

959
00:47:30,440 --> 00:47:32,399
Speaker 2: But yeah, I like to be familiar with my own gear.

960
00:47:32,560 --> 00:47:36,360
Speaker 2: You know, my wife doesn't, so she, you know, with

961
00:47:36,520 --> 00:47:38,760
Speaker 2: other than wetsuits. She she takes their stuff.

962
00:47:38,800 --> 00:47:40,880
Speaker 1: But yeah, I get it.

963
00:47:40,880 --> 00:47:44,600
Speaker 2: It's an amazing place. It's called Missoul m I S

964
00:47:44,640 --> 00:47:48,480
Speaker 2: O O L and I highly recommend it. But they're

965
00:47:48,520 --> 00:47:49,200
Speaker 2: booked out like.

966
00:47:49,239 --> 00:47:52,720
Speaker 1: Years this is the name of the hotel, the resort.

967
00:47:53,040 --> 00:47:57,240
Speaker 2: So there were a couple of very cool, like punk

968
00:47:57,320 --> 00:48:01,959
Speaker 2: rock kids on a live aboard in the nineties who

969
00:48:02,160 --> 00:48:05,080
Speaker 2: were diving in Rajan Pot in the time. The coral

970
00:48:05,200 --> 00:48:07,120
Speaker 2: was getting bleached out and they found a bunch of

971
00:48:07,160 --> 00:48:10,600
Speaker 2: shark fins on the beach and they were super bummed

972
00:48:10,680 --> 00:48:13,919
Speaker 2: about the sort of state of the sea there and

973
00:48:15,080 --> 00:48:18,080
Speaker 2: came up with an idea too, and it was fished,

974
00:48:18,280 --> 00:48:21,560
Speaker 2: you know, almost two extinction. Came up with an idea

975
00:48:21,719 --> 00:48:26,279
Speaker 2: to start, you know, kind of a luxury resort and

976
00:48:27,440 --> 00:48:31,279
Speaker 2: use the proceeds from that to basically buy off the

977
00:48:31,400 --> 00:48:35,480
Speaker 2: local fishermen. And so they said, hey, we'll split you know,

978
00:48:35,560 --> 00:48:38,000
Speaker 2: the revenue with the local communities there. There are not

979
00:48:38,000 --> 00:48:40,560
Speaker 2: many people that live in that area and if you

980
00:48:40,640 --> 00:48:42,520
Speaker 2: agree not to fish. So now they have like a

981
00:48:42,600 --> 00:48:46,640
Speaker 2: twelve hundred square mile no kill zone. All the life

982
00:48:46,640 --> 00:48:52,879
Speaker 2: has come back. I mean tons of mantas, I mean

983
00:48:53,080 --> 00:48:57,400
Speaker 2: fifteen twenty foot wingspans and they're all just happy to

984
00:48:57,760 --> 00:49:03,040
Speaker 2: swim along with you. A lot of reef sharks, a

985
00:49:03,280 --> 00:49:06,319
Speaker 2: ton of colors. I mean, it's like being at a

986
00:49:06,320 --> 00:49:12,080
Speaker 2: grateful dead show in the best wave possible. Yeah, it

987
00:49:12,120 --> 00:49:14,319
Speaker 2: really does. And you know Jerry was a big diver

988
00:49:14,400 --> 00:49:14,799
Speaker 2: as well.

989
00:49:15,040 --> 00:49:15,680
Speaker 1: I didn't know that.

990
00:49:16,000 --> 00:49:19,840
Speaker 2: Yeah, was he really with special he had a beard.

991
00:49:20,120 --> 00:49:21,600
Speaker 1: Yeah, he could get the mask over.

992
00:49:21,880 --> 00:49:24,279
Speaker 2: Kind of hard to create a seal, but yeah, you know.

993
00:49:24,480 --> 00:49:27,000
Speaker 1: That's where my mind goes. Wow, I didn't know.

994
00:49:27,120 --> 00:49:28,319
Speaker 2: Yeah, I'm looking forward to it.

995
00:49:28,520 --> 00:49:31,319
Speaker 1: Oh, that'll be really lovely. Well, I hope you have fun,

996
00:49:31,360 --> 00:49:34,440
Speaker 1: and I hope you can endure the flight because it

997
00:49:34,440 --> 00:49:36,359
Speaker 1: seems like it'll be worth it at the end when

998
00:49:36,360 --> 00:49:36,879
Speaker 1: you get there.

999
00:49:37,160 --> 00:49:41,480
Speaker 2: Yeah, no, I'll be okay. Yeah, it's it's a legitimately

1000
00:49:41,480 --> 00:49:42,920
Speaker 2: first world problem, isn't it.

1001
00:49:43,719 --> 00:49:47,040
Speaker 1: Yeah it is. No one's feeling that bad for you.

1002
00:49:47,080 --> 00:49:52,160
Speaker 2: No, all right, cool. Well, I guess I'll see you

1003
00:49:53,239 --> 00:49:57,800
Speaker 2: back here, same time, same place. Can't wait, February sixth.

1004
00:49:58,280 --> 00:49:59,799
Speaker 1: I cannot wait. I'll see you in New York.

1005
00:50:00,000 --> 00:50:02,480
Speaker 2: Actually awesome. That's going to be great.

1006
00:50:02,600 --> 00:50:05,080
Speaker 1: I can't wait. The best city in the world.

1007
00:50:05,239 --> 00:50:06,400
Speaker 2: I'm Matt Miller, and

1008
00:50:06,440 --> 00:50:08,600
Speaker 1: I'm Hannah Elliott, and this is Bloomberg