Latest / Masters in Business / Introducing: Bloomberg Hot Pursuit!

Transcript

Introducing: Bloomberg Hot Pursuit! · Masters in Business

0:00
Speaker 1: I'm Barry Ridolts, introducing you to a new podcast focused
0:04
Speaker 1: entirely on cars. Every week, Matt Miller and Hannah Elliott
0:08
Speaker 1: get together to talk about auto industry news, the cars
0:12
Speaker 1: they're driving and reviewing, and anything else happening in the
0:15
Speaker 1: worlds of automobiles. As a big car guy myself, you'll
0:19
Speaker 1: hear me join them on an occasional episode now and then,
0:22
Speaker 1: without further ado, let me introduce you to the latest
0:25
Speaker 1: episode of Hot Pursuit.
0:29
Speaker 2: I'm Matt Miller, I'm Hannah Elliott, and this is Hot Pursuit.
0:40
Speaker 3: All right, we have a fantastic podcast for you today.
0:43
Speaker 3: We're going to touch on Formula one, give you the
0:45
Speaker 3: update on the.
0:46
Speaker 4: Ferraris we were talking about last week.
0:48
Speaker 3: But we also have a special guest, recurring guest, Barry Ridolts.
0:51
Speaker 3: He is the host of Masters in Business, probably our
0:55
Speaker 3: most popular podcast on the Bloomberg platform, and he has
0:59
Speaker 3: a new podcast called At the Money.
1:01
Speaker 1: At the Money ATM plus.
1:03
Speaker 3: Obviously the founder of Ritholts Wealth Management, and he's a
1:05
Speaker 3: contributor to Bloomberg a lot. So, Hannah, we're going to
1:08
Speaker 3: talk about Formula one because you're preparing to go to
1:10
Speaker 3: Las Vegas. We're also going to talk about hybrids. I
1:13
Speaker 3: think they're the way forward. You think it's a band aid.
1:16
Speaker 3: There's a lot more sort of econo boxes and grocery
1:20
Speaker 3: getters that I think are really cool though in this space.
1:23
Speaker 4: And then we're going to get to Audi's.
1:24
Speaker 3: You just recently drove the SQ eight E Tron, that's correct,
1:29
Speaker 3: and Barry has an R eight. The first car I
1:32
Speaker 3: bought was an Audie and a for a Vant.
1:35
Speaker 1: Those have become very collectible now and mine was a
1:38
Speaker 1: two point five TDI which I loved with so stick shift, yes, obviously, yeah,
1:43
Speaker 1: those have become desirable.
1:44
Speaker 3: All right, Let's kick it off though with Formula one,
1:46
Speaker 3: because I guess what you're getting ready.
1:49
Speaker 4: To head out to Sin City and what do you expect.
1:52
Speaker 2: It's going to be very interesting because when Formula one
1:57
Speaker 2: in Liberty Media, which owns Formula one, entered into this
2:01
Speaker 2: deal with the city of Las Vegas to host the race,
2:03
Speaker 2: it seemed like a home run, like a match made
2:05
Speaker 2: in heaven. I mean, it's Vegas, which of course is
2:08
Speaker 2: sort of the party center of the world right now
2:11
Speaker 2: and has a bunch of great professional sports team. We've
2:14
Speaker 2: got hockey we've got NFL. We're gonna get some baseball.
2:17
Speaker 4: The Bolagio win Resorts, the Sphere.
2:20
Speaker 2: Oh, let's not forget the Sphere. There's so much there.
2:22
Speaker 2: And the food's great, you know all.
2:24
Speaker 5: Of this stuff.
2:24
Speaker 2: There's Jean George restaurants. But the thing is, and you know,
2:28
Speaker 2: Formula one's been doing great in the US, but in
2:31
Speaker 2: the past month or so, it's been really weird because
2:35
Speaker 2: ticket prices have been dropping, both ticket prices for general
2:39
Speaker 2: entry into the Grand Prix hotel room rates have been dropping,
2:45
Speaker 2: and it's kind of creating this feeling that maybe Vegas
2:49
Speaker 2: bit off more than it can chew. It's possible organizers
2:54
Speaker 2: sort of got a little bit too greedy with how
2:56
Speaker 2: they price things, and people are just not having it.
3:00
Speaker 4: That's crazy.
3:00
Speaker 3: So if I decided, you know what, I am gonna
3:03
Speaker 3: go see Formula on this weekend and skip the birth
3:06
Speaker 3: of my second daughter, you think I could get tickets.
3:10
Speaker 2: You'd have no problem getting tickets. Now, I will say,
3:13
Speaker 2: you might pay like six or seven hundred dollars a
3:15
Speaker 2: night for a hotel room at like the Venetian, but
3:18
Speaker 2: that's pretty typical and it's actually far less than you
3:22
Speaker 2: would have paid had you tried to get a room
3:25
Speaker 2: a month ago or two months ago. So this is
3:28
Speaker 2: an expensive sport and an expensive city, but compared to
3:32
Speaker 2: what prices were listed at a month or two months ago,
3:35
Speaker 2: you're gonna get a deal. And there's plenty of tickets
3:37
Speaker 2: to go around. There are plenty of flights from La
3:40
Speaker 2: to Vegas.
3:41
Speaker 4: So Barry, would you when you go?
3:42
Speaker 1: You know, the problem with Formula one is you know,
3:46
Speaker 1: you're in a corner, you're watching the cars go by.
3:48
Speaker 1: It's not I know, it's very visceral and very exciting
3:53
Speaker 1: feeling moments.
3:54
Speaker 4: That's the best part.
3:55
Speaker 1: But then you're there for another four hours and it's
3:57
Speaker 1: a sport that's so great on television. It's very comfortable.
4:01
Speaker 1: You really can see stuff. Everyone should go do it once.
4:04
Speaker 1: I don't know if I need to do this in Vegas.
4:07
Speaker 1: And the thing I'm wondering about how much of this
4:10
Speaker 1: is specific to Las Vegas and how much of this
4:14
Speaker 1: is just Hey, the economy is moving along, inflation is
4:18
Speaker 1: coming down, but we're starting to slow down. When you
4:22
Speaker 1: look at what's going on with auction prices of used cars.
4:26
Speaker 1: Nine to eleven's ferraris whatever or even watches everything seems
4:30
Speaker 1: that had round up in twenty and twenty one and
4:32
Speaker 1: twenty two. It's all softening. I wonder if this is
4:36
Speaker 1: a broader macro concern.
4:38
Speaker 2: I think that's a really interesting point. And we talked
4:41
Speaker 2: about this Ferrari last week, this Ferrari two to fifty
4:46
Speaker 2: gto that was going to go on sale. And to
4:48
Speaker 2: your point, Barry, yes, it's sold this week for almost
4:51
Speaker 2: fifty two million dollars, but that was actually far less
4:56
Speaker 2: than arms Sotheby's had hoped to get for the car,
4:59
Speaker 2: and they were saying, you know, in excess of sixty million.
5:02
Speaker 2: The hammer price on that before I was actually forty seven. So, yes,
5:06
Speaker 2: this is a very expensive car, but relative to where
5:09
Speaker 2: it was supposed to be quote unquote, it's really down.
5:12
Speaker 2: And to your point, very I think this Yolo economy
5:16
Speaker 2: is over.
5:17
Speaker 3: Yeah, we saw this week Bloomberg put out a story
5:20
Speaker 3: prices for Rolex and Pateech Philippe watches. You know, the
5:25
Speaker 3: ultra luxury super high end watches on the Bloomberg subdial
5:29
Speaker 3: index have come crashing down. They were off one point
5:33
Speaker 3: eight percent last month to the lowest level since twenty
5:36
Speaker 3: twenty one. Do you think that's the problem with F
5:38
Speaker 3: one or is the sport to boring? The engines aren't
5:41
Speaker 3: big enough, No one passes.
5:42
Speaker 2: Here's a problem, Max Verstappan, that's a problem. He wins
5:46
Speaker 2: all the time, He's already clinched the title. He's won
5:50
Speaker 2: like seventeen of last twenty races. It's pretty predictable at
5:54
Speaker 2: this point. Even second place is pretty predictable. And the
5:56
Speaker 2: other thing to Barry's point about the TV view, this
6:00
Speaker 2: race starts at ten pm Pacific time, which means you're
6:04
Speaker 2: gonna have to be a diehard.
6:05
Speaker 4: Fan whoa watch it. It really is one in the
6:07
Speaker 4: morning East Coast time.
6:09
Speaker 2: I did not many people who are going to be
6:12
Speaker 2: up at one am in New York.
6:14
Speaker 5: I don't think to watch this race.
6:16
Speaker 1: You can always watch it the next day on the replay.
6:19
Speaker 4: Yeah.
6:19
Speaker 3: I mean, I'm a huge fan of Moto GP, as
6:21
Speaker 3: you know, because it's a far better sport. I mean,
6:24
Speaker 3: there's a lot of passing, there's a lot more strategy,
6:26
Speaker 3: you have tons of different winners, and I just have
6:30
Speaker 3: a subscription to MotoGP dot com and then I watch
6:32
Speaker 3: it after the race is over because it was inevitably
6:34
Speaker 3: in Indonesia, and then it doesn't come on until you know,
6:37
Speaker 3: like eight in the morning on a Sunday.
6:39
Speaker 4: I'm not up at that point.
6:40
Speaker 3: I think it could be a bunch of different factors
6:43
Speaker 3: from an economy that's slowing down to max for staff
6:46
Speaker 3: and winning every time. But are we still going to
6:48
Speaker 3: see like is Brad Pitt gonna go? Is like Puff
6:51
Speaker 3: Daddy gonna go? You know? Are all the celebrities gonna
6:53
Speaker 3: be there and having like fifteen thousand dollars dinners?
6:57
Speaker 2: Yes?
6:57
Speaker 5: I think so, maybe more interesting.
7:00
Speaker 2: Than Brad Pitt. David Beckham will be there. I don't
7:02
Speaker 2: know if you've seen the latest.
7:04
Speaker 5: Beckham nothing more. Yeah, I thought it was so good.
7:08
Speaker 2: I mean I'm a big Victoria Beckham fan after that.
7:11
Speaker 2: But yeah, Shack will be there, There will be celebrities there.
7:15
Speaker 2: It's going to be fun no matter what. How can
7:18
Speaker 2: you not have fun in Las Vegas? And I will
7:20
Speaker 2: say organizers are saying that they're expecting record revenue regardless
7:25
Speaker 2: of anything. They're on track to quote unquote sell out
7:29
Speaker 2: of tickets. This is what they're telling us. So it's
7:31
Speaker 2: still going to be great. It's going to be great fun.
7:34
Speaker 2: Anyone who's going should really pack their coats though it's
7:37
Speaker 2: going to be pretty.
7:38
Speaker 1: Cold in Las Vegas.
7:39
Speaker 5: Ten o'clock in the desert in November is cold, true desert.
7:43
Speaker 4: Yeah. Yeah. If you go to Vegas and you can't
7:45
Speaker 4: have fun, you're not doing it.
7:46
Speaker 2: Right.
7:47
Speaker 4: Do you like Vegas? Berry?
7:48
Speaker 1: No, I can't stand it.
7:49
Speaker 3: But I mean for a couple nights with ye if
7:52
Speaker 3: I have.
7:52
Speaker 1: To this great restaurants, is great shows, but not my
7:56
Speaker 1: first choice of destination. When they finally nuke that part
8:01
Speaker 1: of Nevada, you know, in the whole area is just
8:03
Speaker 1: silicon glass, It'll be fine.
8:06
Speaker 4: I went to Lamborghini driving school there.
8:08
Speaker 1: That's a different story. Was you know you can you
8:11
Speaker 1: can rent a World War two spitfire and go up
8:14
Speaker 1: with a pilot.
8:15
Speaker 4: That's worth doing.
8:16
Speaker 1: And Vegas is the only place that I'll let you
8:18
Speaker 1: sign off and say sure, I'll take my life in
8:20
Speaker 1: my hands in a.
8:21
Speaker 4: Eighty year old World War two plane. Let's go.
8:23
Speaker 3: I'd like, you can't do that anywhere in the desert, right, Vegas?
8:27
Speaker 1: Sign up?
8:27
Speaker 5: Vegas? That all counts as Vegas. Though, Yeah, I guess
8:30
Speaker 5: this is a lot more than just the strip.
8:32
Speaker 4: I mean totally agree.
8:33
Speaker 2: Driving out to the Hoover Dams really cool, and I
8:35
Speaker 2: do think sort of dusty hotels where Elvis played and
8:39
Speaker 2: Sinatra are really cool.
8:41
Speaker 5: There's amazing off roading out there. All of that.
8:45
Speaker 2: To me, it counts as a quote unquote Vegas when
8:48
Speaker 2: I go, oh, there's fabulous shopping to.
8:51
Speaker 4: A right change.
8:52
Speaker 3: I don't go to casinos at all. I don't hang
8:55
Speaker 3: out on the strip. I don't gamble.
8:56
Speaker 1: That's the part of Vegas. I hate everything around that
8:59
Speaker 1: is really interesting.
9:01
Speaker 3: Yeah, you want to wake up married to somebody you
9:03
Speaker 3: have no idea her last name.
9:05
Speaker 4: You know, apologies to my wife.
9:07
Speaker 1: Your pregnant wife. You're very pregnant.
9:09
Speaker 3: Let's move on to well and her favorite car is
9:11
Speaker 3: the Volvo XC ninety T eight, which is a hybrid.
9:16
Speaker 3: You know, you can go twenty miles or more on
9:19
Speaker 3: the battery alone, and so for doing things around town,
9:22
Speaker 3: dropping kids off at school, going to the grocery store
9:24
Speaker 3: no problem, and then you can go on longer trips
9:26
Speaker 3: because it has a gas engine that kicks in. It's
9:28
Speaker 3: beautiful design. I have to agree with her on.
9:31
Speaker 1: That, especially that interior.
9:32
Speaker 3: And Barry, you sent me and Hannah an email this
9:35
Speaker 3: morning about a Toyota Camry that's only going to be
9:38
Speaker 3: so right.
9:38
Speaker 1: Right, they're giving up the gas. Only listen. The crazy
9:43
Speaker 1: thing about Toyota is they have this massive lead in
9:46
Speaker 1: hybrid technology, and you were waiting for what they're going
9:50
Speaker 1: to do next. Then you know they kind of let
9:52
Speaker 1: Tesla eat their lunch. But what Toyota is telling us
9:56
Speaker 1: is the immediate future, the next decade is going to
10:00
Speaker 1: be hybrid.
10:01
Speaker 3: And obviously Tesla doesn't have any hybrid vehicles.
10:04
Speaker 4: They're fully electric.
10:05
Speaker 3: That annoys me because I can never find a place
10:08
Speaker 3: to charge and I like to have a little Moto vibes. Hannah,
10:13
Speaker 3: you don't think that hybrids are the way forward though.
10:15
Speaker 2: I am not a fan of hybrids, just because I
10:18
Speaker 2: tend to be a purist. I want to go all in,
10:21
Speaker 2: all or nothing, and I love the of course, the
10:25
Speaker 2: quick performance of electric vehicles, and I love my own.
10:28
Speaker 5: Personal internal combustion cars.
10:31
Speaker 2: So hybrids have always seemed to me to just be
10:33
Speaker 2: like halfway but nowhere anywhere.
10:36
Speaker 5: Who cares?
10:37
Speaker 2: If you know, Toyota was making a Prius because also
10:40
Speaker 2: BMW was making the I eight, and.
10:42
Speaker 4: Well, I love the I eight, dude.
10:44
Speaker 3: The I eight and the I three to me were
10:47
Speaker 3: when I first understood why it's cool to have a
10:50
Speaker 3: range extender motor right because they were fully electric vehicles,
10:54
Speaker 3: but they just had a little I think it was
10:56
Speaker 3: a one three three cylinder as like a utility pack.
11:00
Speaker 3: It's like bringing along a backpack. It's like being a prepper.
11:03
Speaker 3: You know, you always have an option if you need it.
11:06
Speaker 1: My wife's Panama Hybrid. We drove to Connecticut this weekend.
11:11
Speaker 1: We got nearly forty miles a gallon on the way there.
11:15
Speaker 1: We exhausted most of the electric for that range, but
11:18
Speaker 1: when you drop your right foot, you still have over
11:21
Speaker 1: five hundred horse power, and that car really goes when
11:24
Speaker 1: you wanted to go. So to me, it's the best
11:27
Speaker 1: of both worlds. Almost forty miles a gallon on one
11:30
Speaker 1: hundred mile trip into the woods in Connecticut, and somewhat
11:34
Speaker 1: less on the way home without any electric.
11:36
Speaker 3: You know, I always say there's no replacement for displacement,
11:39
Speaker 3: but I think batteries might be that replacement. I'm driving
11:43
Speaker 3: right now a Kia Sorrento PHV. And aside from all
11:48
Speaker 3: the other stuff that's impressive about it, and there's a
11:50
Speaker 3: ton of stuff, it's got a locking center diff it's
11:52
Speaker 3: got this really cool technology where when you put your
11:54
Speaker 3: turn signal on in your center display, you can see
11:57
Speaker 3: your blind spot, and in.
11:59
Speaker 1: Fact, all of the Hyundai Kias do that. You signal
12:02
Speaker 1: right and it shows up in your tyme, and you
12:04
Speaker 1: signal left and it shows up in your left dial.
12:07
Speaker 1: That should be a standard technology across the whole.
12:10
Speaker 5: Industry and any luxury automotive.
12:12
Speaker 4: Okay, well, but for Akia, I think it's really cool.
12:14
Speaker 4: I mean, for.
12:14
Speaker 3: Akia, it's got torque vectoring, all wheel drive. That's not
12:18
Speaker 3: something you expect when you're buying a Korean car. But
12:21
Speaker 3: I thought the engine was more substantial than it was
12:24
Speaker 3: when I first started driving it.
12:25
Speaker 4: I hadn't read the specs.
12:27
Speaker 3: I popped open the hood and I saw it's got
12:29
Speaker 3: a one point six leader in line four. Like that's
12:33
Speaker 3: a tiny little motor, but it still has two hundred
12:36
Speaker 3: and sixty horse power two hundred and sixty pound feet
12:38
Speaker 3: of torque for you know, fifty thousand dollars for the
12:41
Speaker 3: fully loaded, like most luxurious addition, that's pretty peppy.
12:45
Speaker 1: It's a lot of truck for the money. And look
12:48
Speaker 1: the way every one of these new manufacturers that are
12:51
Speaker 1: trying to gain traction or expand their footprint find an
12:55
Speaker 1: audience is by offering a lot of value for the money.
12:58
Speaker 1: Think back to the way did this forty years ago,
13:02
Speaker 1: or the way Toyota did it sixty years ago.
13:04
Speaker 3: So, Hannah, do you ever drive like a Kia? Because
13:07
Speaker 3: I always think, you know, you're the one who's constantly
13:10
Speaker 3: in a culin in, But do you ever drive like
13:12
Speaker 3: a Korean car?
13:13
Speaker 5: This is true.
13:13
Speaker 2: Typically no, I will openly say we do not cover
13:17
Speaker 2: typically Kia at Bloomberg Pursuits. However, I did recently drive
13:22
Speaker 2: the Kia EV nine, which is their big electric.
13:25
Speaker 3: Suv I want to try.
13:27
Speaker 5: I really really liked it.
13:29
Speaker 2: I was surprised at how beautiful and well thought out
13:32
Speaker 2: it was. I actually really would love to go visit
13:36
Speaker 2: the factory in South Korea. I'm going to try to
13:38
Speaker 2: do that next year because Kia is really making a
13:41
Speaker 2: play to elevate themselves so that they could potentially have
13:45
Speaker 2: shoppers cross shopping between like Volvo or a land Rover
13:49
Speaker 2: into Kia or even Audi. And I don't think that's
13:54
Speaker 2: out of the question based on what I've seen. We
13:57
Speaker 2: joke about it, like, typically I wouldn't cover it, but
14:00
Speaker 2: the limited amount of Kiya products that I have seen
14:03
Speaker 2: and driven I actually am pretty impressed by And let's
14:07
Speaker 2: not forget this is a company that also makes Genesis.
14:09
Speaker 1: Is about to bring that up. Kia is owned by Hondi.
14:13
Speaker 1: Genesis is their version of Lexus versus Tyota doing.
14:16
Speaker 5: They know what they're doing.
14:17
Speaker 2: One question, though, do you read the new Kia logo
14:20
Speaker 2: as nine inch nails?
14:21
Speaker 4: I love. I love the way it reminds me of
14:24
Speaker 4: nine inch nails. That's hilarious. I'm on board with that.
14:26
Speaker 3: And I, by the way, I think that the new
14:28
Speaker 3: logo really helped them transition their brand a little bit
14:32
Speaker 3: from being kind of a bargain basement, you know, Korean econobox,
14:37
Speaker 3: to being something that.
14:39
Speaker 4: People really would cross shop with. A Range Rover.
14:41
Speaker 3: I mean, the tail you ride is a beautiful car.
14:44
Speaker 3: I don't love the powertrain, but the logo I think
14:47
Speaker 3: helps a lot. It looks really cool.
14:50
Speaker 5: I agree.
14:51
Speaker 2: I'm with you about it's an attitude of beautiful hospitality.
14:55
Speaker 2: And I know that sounds like a PR line, but
14:58
Speaker 2: it actually is true that some of their vehicles really
15:00
Speaker 2: have this beautiful sense of a welcome environment.
15:03
Speaker 3: We should throw in a V eight once in a while.
15:05
Speaker 3: They need to make a big halo car.
15:07
Speaker 1: There are no more V eights coming out, and they're
15:09
Speaker 1: certainly coming out of Asia.
15:10
Speaker 4: For mass production.
15:11
Speaker 3: I just think they need to make a halo car
15:13
Speaker 3: so that people can then feel okay buying the lower
15:16
Speaker 3: end models.
15:18
Speaker 1: That is so old school marketing. That's just not how
15:21
Speaker 1: it's done. We're gonna give you a lot of car
15:23
Speaker 1: or truck for the money. Yes, it's only a V six.
15:27
Speaker 4: But you can tow.
15:28
Speaker 1: You could stick six people in the car, you could
15:30
Speaker 1: load it up with luggage, and it's not going to
15:32
Speaker 1: cloas you an arm and a leg. That's the value
15:34
Speaker 1: proposition for these cars versus the cars that we really
15:40
Speaker 1: have grown up loving, the BMW's, the Mercedes, the much
15:43
Speaker 1: bigger and more expensive cars.
15:44
Speaker 3: Okay, I'm just saying like, if Audi had never made
15:46
Speaker 3: the quatro and one races with it, if they had
15:50
Speaker 3: never made the R eight that everybody drools over in
15:53
Speaker 3: fifty shades of Gray, I don't know that we'd be buying,
15:56
Speaker 3: you know, the.
15:57
Speaker 4: Q three either.
15:59
Speaker 3: And by the way, speaking of that, both of you
16:02
Speaker 3: have a connection to Audi, because Hannah, you are test
16:05
Speaker 3: driving some version of their e Tron bar. You of
16:09
Speaker 3: course have the RA. But Hannah, first, tell us about
16:11
Speaker 3: the ev that you drove.
16:12
Speaker 2: Okay, so yesterday I drove the s Q eight e Tron,
16:18
Speaker 2: which is basically it's sort of a higher performance version
16:22
Speaker 2: of the Q eight, which is a five passenger suv.
16:25
Speaker 2: It's all electric, starts at about ninety thousand dollars.
16:29
Speaker 5: And it was beautiful.
16:30
Speaker 2: The You know, Audi has been a little bit behind
16:33
Speaker 2: when it comes to offering electric vehicles, and they're making
16:36
Speaker 2: they're trying to make up for lost time, and so
16:38
Speaker 2: anything with E Tron at the end is there electric offering.
16:42
Speaker 2: The SQ eight, despite its confusing name, was really nice.
16:46
Speaker 2: It was beautifully appointed inside, it was as quiet, actually
16:51
Speaker 2: proven by Audi, as quiet as an a sedan, Really
16:55
Speaker 2: nice balanced. It's heavy, it's like a six thousand pound suv,
16:59
Speaker 2: so you do feel that a bit.
17:01
Speaker 4: Some people like it heavy. Don't forget if you have.
17:04
Speaker 5: To make a turn, there's no judgment.
17:06
Speaker 2: I like it.
17:06
Speaker 4: I like a big heavy cruiser.
17:08
Speaker 5: We love that.
17:09
Speaker 2: We love that, and this did feel really nicely insulated
17:13
Speaker 2: and solid. And I actually have a friend who's been
17:16
Speaker 2: looking for an electric suv, and I instantly message her
17:18
Speaker 2: and said, I think you're really gonna love it.
17:20
Speaker 1: A good looking truck.
17:21
Speaker 3: I drove also the Q eight Etron, not the S version,
17:25
Speaker 3: but I'll say that I was disappointed that they use
17:27
Speaker 3: the Q eight Moniker because I think the Q eight
17:30
Speaker 3: is one of the best designs Audi has come out
17:33
Speaker 3: with in.
17:34
Speaker 4: At least a decade.
17:35
Speaker 3: It's a head turner whenever I see a real Q
17:38
Speaker 3: eight on the road, and the e Tron version is
17:40
Speaker 3: not a real Q eight, it doesn't look as cool.
17:43
Speaker 3: It's more invisible, like you can easily overlook the Etron version,
17:47
Speaker 3: whereas the full fat gas Q eight it's so hulking
17:51
Speaker 3: and muscular that you can't overlook it. But it is
17:55
Speaker 3: definitely solid. That's the word I would use for it,
17:58
Speaker 3: Like it is a product that you feel like it's
18:00
Speaker 3: over engineered and is not going to break down.
18:10
Speaker 4: What do you think Bury about Audis.
18:12
Speaker 3: I mean, you have obviously the Halo car, but what
18:14
Speaker 3: do you think about the brand and the other vehicles.
18:17
Speaker 4: You know, it's full time all wheel.
18:19
Speaker 1: Drive, and if you're in the part of the country
18:22
Speaker 1: where you're very much dealing with weather or you're off road,
18:26
Speaker 1: they're great for that. They're notoriously expensive to repair, they're
18:32
Speaker 1: not the lowest cost maintenance. Comparatively, you buy a Honda Toyota,
18:38
Speaker 1: you put gas and occasionally oil into it, you're good
18:41
Speaker 1: for a bajillion miles. Some the German cars tend to
18:45
Speaker 1: be a little more finicky my experience with oudi's and BMW's,
18:49
Speaker 1: you have to build a little bit of a repair buffer,
18:53
Speaker 1: especially if you're looking for a thirty thousand mile car
18:56
Speaker 1: like I know you're hunting for. They're not terrible, it's
19:00
Speaker 1: not you know, you speak to people with you know,
19:03
Speaker 1: British cars or even some of the older Ferraris and
19:06
Speaker 1: you're writing big checks to your mechanic. But they're great cars.
19:09
Speaker 1: They're well designed, they hold up well, and I know
19:12
Speaker 1: lots of people who have Q five's with you know,
19:15
Speaker 1: two hundred thousand miles on them.
19:17
Speaker 2: Well, I think I have to say just a little bit.
19:21
Speaker 2: I think that German engineering has a pretty good track
19:24
Speaker 2: record for sure my ability, and it's a little unfair
19:27
Speaker 2: to compare them to British and Italian engineering agreed.
19:31
Speaker 3: I never had a problem. I had an Audi for
19:32
Speaker 3: a long time, never had a problem with it.
19:34
Speaker 4: If you have a repair, it'll cost me a long time.
19:38
Speaker 4: Never had a problem with my.
19:39
Speaker 1: Sl was bulletproof until you had to replace the coils.
19:42
Speaker 1: You had to do something, and it's not an inexpensive repair.
19:46
Speaker 4: I just brace yourself.
19:48
Speaker 2: I'm sensing that Barry will always choose the practical option,
19:52
Speaker 2: the very solid practical.
19:55
Speaker 5: You know, you don't like THERA.
19:57
Speaker 1: It's totally practical, like the six convertible manual, the most practical.
20:02
Speaker 4: No, I don't think so, dude.
20:04
Speaker 3: He has a C two and he bought a nine
20:06
Speaker 3: to eleven that he sent to be converted into an EV.
20:08
Speaker 4: Yeah.
20:08
Speaker 1: So in the middle of that, that's a fun project.
20:10
Speaker 1: These are not cheap cars there, but they are if
20:13
Speaker 1: you're buying them twenty five years old. That's why I
20:17
Speaker 1: say you have to have a reasonable repair.
20:20
Speaker 4: Do you have to set aside a budget?
20:22
Speaker 3: So I, by the way, I wanted as longtime listeners
20:26
Speaker 3: will know, I really wanted to get BMW seven sixty
20:30
Speaker 3: to replace my wife's Volvo, and she has basically said
20:34
Speaker 3: no way, Jose, but she is willing to get an
20:37
Speaker 3: X five and so I want them fifty with the
20:40
Speaker 3: twin turbo V eight and the ZF transmission. I was
20:44
Speaker 3: looking at Savage Geese on YouTube and they have a
20:47
Speaker 3: review of it, and they were like, listen, if something
20:48
Speaker 3: goes wrong with any of the air suspenders on each corner,
20:52
Speaker 3: eighteen hundred dollars.
20:53
Speaker 1: That happened with my brother, and it was much more
20:55
Speaker 1: than that his seventh six.
20:56
Speaker 3: If something goes wrong with the transmission, you know you're
20:59
Speaker 3: looking at five thousand dollars repair. If something goes wrong
21:02
Speaker 3: with the engine, obviously rebuild, but they're not cheap to fix.
21:06
Speaker 3: So if you're buying a used one, the guy from
21:09
Speaker 3: Savage Geese said, set aside ten thousand dollars.
21:11
Speaker 1: That's exactly right.
21:12
Speaker 3: I'll buy yourself a more substantial extended word.
21:15
Speaker 4: Now, now that.
21:16
Speaker 1: Said, I've had two Series, I've had three Series. I've
21:18
Speaker 1: had Next four bulletproof, never need repairs, absolutely spectacular cars.
21:25
Speaker 1: But for example, I had a fuel injection issue with
21:29
Speaker 1: them six that kept getting an idiot light. It would
21:33
Speaker 1: reset itself, and it was a one of those quirky
21:36
Speaker 1: little things that were hard to pin down. Ultimately it
21:40
Speaker 1: was BMW who figured out what it was not a
21:42
Speaker 1: cheap repair. Very well, that was my only repair I've
21:45
Speaker 1: had on that car in ten years.
21:46
Speaker 3: What was And I want to know from Hannah to
21:49
Speaker 3: what was the first car you ever bought with your
21:51
Speaker 3: own money?
21:52
Speaker 1: A Chrysler nineteen sixty seven Chrysler three hundred cost me
21:56
Speaker 1: one hundred bucks from my uncle. Had it for about
21:58
Speaker 1: a month. My mom told nice, three hundred trip the
22:02
Speaker 1: tires at any speed you're doing fifty miles an hour,
22:05
Speaker 1: step on the gas.
22:06
Speaker 3: And they've just come out with the last year of
22:09
Speaker 3: the Chrysler three hundred. See with a six point four
22:12
Speaker 3: liter Hemi in it, which I'm pretty excited.
22:14
Speaker 1: End of the Hemi line drive.
22:15
Speaker 4: Hannah, what was the first car you ever bought?
22:18
Speaker 2: That was a sixty nine Buke Skylark that I paid
22:22
Speaker 2: also one hundred dollars for.
22:23
Speaker 5: I split it with my sister.
22:25
Speaker 2: We bought it but a church lady who charged us
22:27
Speaker 2: two hundred dollars and I was deeply embarrassed of it
22:30
Speaker 2: and sold my half to my sister as quickly as
22:33
Speaker 2: I can.
22:33
Speaker 1: No.
22:34
Speaker 4: Yep, but what a cool car.
22:36
Speaker 2: Absolutely cool. She was far more advanced think in her
22:40
Speaker 2: thinking about design and history than I was at the time.
22:43
Speaker 2: I was so embarrassed of that car, but she loved it.
22:46
Speaker 4: I think it's I just googled it. Look at this ferry.
22:49
Speaker 2: What a cool car, green black interior, you know, beautiful steering.
22:54
Speaker 1: Not the highlight of American automobile manufacturer.
22:57
Speaker 4: I think it's awesome. I would like to have one
22:59
Speaker 4: of those.
22:59
Speaker 3: Tam my first car ever, because my dear late grandmother
23:04
Speaker 3: bless her Soul, gave me ten thousand dollars when I
23:07
Speaker 3: graduated from college and I put it on a down
23:10
Speaker 3: payment for an auty A four Avauant in the year
23:14
Speaker 3: two thousand. I was living in Frankfurt at the time,
23:17
Speaker 3: so I got to drive it on the Autobahn.
23:19
Speaker 4: It had a two.
23:20
Speaker 3: Point five liter TDI, so it's diesel, but it had
23:22
Speaker 3: one hundred and eighty horse power and it's pretty.
23:23
Speaker 4: Light, so it really got moving.
23:26
Speaker 3: I could do like two top speed twot twenty in
23:29
Speaker 3: kilometers per hour, so that's like one hundred and thirty
23:32
Speaker 3: miles per hour.
23:34
Speaker 4: And I did that.
23:36
Speaker 2: Well.
23:36
Speaker 4: I was a little older, I was like twenty five, and.
23:39
Speaker 1: Those diesels run forever. Also, those are three hundred thousand
23:42
Speaker 1: mile cars.
23:43
Speaker 4: Yeah, that was a great, great vehicle.
23:45
Speaker 5: What happened to that car?
23:46
Speaker 3: Mat I had to sell it when I moved to
23:48
Speaker 3: London a few years later because of the you know,
23:51
Speaker 3: because the British drive on the wrong side of the road,
23:53
Speaker 3: so it wouldn't have made sense. And also I think
23:55
Speaker 3: I was broke after a few years and leaded the
23:57
Speaker 3: money that does it for this episode, Barry, thank you
24:03
Speaker 3: so much for joining us.
24:04
Speaker 4: Real pleasure to have you.
24:06
Speaker 3: I just want to point out that anyone who wants
24:09
Speaker 3: to follow me at Matt Miller nineteen seventy if you're
24:11
Speaker 3: on Instagram, can do so Matt Miller nineteen seventy three.
24:15
Speaker 5: My Instagram is Hannah Elliott XO.
24:17
Speaker 2: I will not be sharing my birth year with anybody
24:20
Speaker 2: who asks, and it's root of you to ask. And
24:23
Speaker 2: you can also find me on Bloomberg dot com and
24:25
Speaker 2: sometimes on the radio with Matt and sometimes with Barry.
24:29
Speaker 1: Follow me on Twitter at rid Halts. For as long
24:31
Speaker 1: as Twitter hangs on by its fingernails, it's doing a
24:35
Speaker 1: full friends ster. We're circling the dream. You know.
24:37
Speaker 4: We'll see what the new year brings.
24:39
Speaker 3: I guess that's it for hot pursuit that you can
24:42
Speaker 3: catch more at the same time, same place next week.
24:44
Speaker 2: I'm Matt Miller, I'm Hannah Elliott, and this is Bloomberg