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Bonus: Hot Pursuit! Talks Hybrids vs. EVs and All Things Audi · Bloomberg Intelligence

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