McKeel Hagerty Talks Classic Cars; Plus, a Drive in a Ferrari F355

McKeel Hagerty, the Chief Executive Officer and Chairman of the Board of Hagerty, joins Hannah and Matt to talk about the best cars to buy for 2025 and the state of the classic car market. Plus, the Dodge Charger EV and Matt's drive in a Ferrari F355.

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Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news.

Speaker 2 (00:09):
I'm Matt Miller and.

Speaker 1 (00:10):
I'm Hannah Elliott, and this is Hot Pursuit.

Speaker 2 (00:20):
And we're in the same studio. Is really great.

Speaker 1 (00:24):
It's so easy and fun.

Speaker 2 (00:26):
I'm very excited to see you. I'm so glad you're here.
I'm super pumped. There's an event at the Classic Car
Club TWR, which is kind of like the AMG of
Jaguar from back in the day. Not current Jaguar, but
old Jaguar is putting out a car that your husband, Magnus,

(00:46):
also advised them on. So it's like an event that
I've been looking forward to all week long.

Speaker 1 (00:51):
It's going to be fun.

Speaker 2 (00:53):
Magnets put out a really cool, like night driving video,
and I watched it a few times and then I
just started leaving it on the background because it's a
supercharged V twelve engine and it's just a sound I
want to hear in my life, you know.

Speaker 1 (01:06):
Yeah, I can relate to it.

Speaker 2 (01:08):
So I'm excited about that. And there's also a ton
to talk about because you've had an incredible week.

Speaker 1 (01:16):
Yeah, I just got well, I'm technically on vacation this week,
but I did just go to Phoenix to drive this
new Dodge Charger EV, which, judging from my social media,
everybody hates. But I'm here to tell you it's not
that bad. And I did drag racing for the first
time in my life on a real drag strip.

Speaker 2 (01:35):
Oh I saw the video. It's like all, oh yeah, prepared.

Speaker 1 (01:38):
And oh yeah, it's like the real thing with the
Christmas tree lights that you know, go from like state
pre stage is stage to go. It was really fun.
I might have a new hobby.

Speaker 2 (01:48):
But wait, it's not that bad. Isn't exactly a ringing endorsement?
So first tell us about this car, because is it
It's called a charger right, but it has two doors
like the Challenger.

Speaker 1 (01:58):
And yes, this is the Dodge Charger Daytona and it
is a pure electric vehicle. This is the two door version.
They will also be releasing a four door version and
an internal combustion version over the next few years. So
this is the first of a completely new lineup there

(02:21):
releasing it in two variants. There's the Daytona RT and
then the higher level, the more powerful version, which I
really recommend you get if you're going to get one,
which is the SCAT Pack. The scat pack is almost
seven hundred horsepower and a lot more torque and just
a lot rowdier to drive. I did drive both both
on the track and we had a road course and

(02:43):
then we did some sort of dragstrip things, not really racing,
but just for time.

Speaker 2 (02:48):
So, oh wait, what was your time?

Speaker 1 (02:50):
Well in the elevens. That's eleven. I will tell you
one thing, and I have the receipts. I'll have to
show them to you. But it's so counterintoitive to have
both your feet pushed hard down as far as you
can and then lift off the brake. And there was
at one point I lift it off the gas and
I was like, nothing's happening. I was like, oh, I

(03:13):
looked at the wrong foot. But so have you ever
done that?

Speaker 2 (03:16):
I've never drag raced. I would love to. I have
to say, just watching your video made me feel nervous
because I feel like I would screw up.

Speaker 1 (03:23):
And it's not as easy as it was.

Speaker 2 (03:26):
It would hurt my ego. It doesn't seem like it's easy.

Speaker 1 (03:29):
I mean it's well, they kind of just throw you in.
There wasn't a lot of prep and so you kind
of just have to learn as you go. And I
did three passes, and I think, you know, my best
time was like eleven seven or something. But I know
if I had three more passes, I could get it,
I bet. And if I got the guy out of
the passenger seat, who probably weighed over two hundred pounds,
if I got him out, I got a lighter car,

(03:51):
I could probably hit eleven five. But it is counterintuitive,
and you really do have to creep the car forward,
and by the time the green light you're already feeling
like you're trying to catch up. So it's kind of
like you have to get the hang of it for sure.

Speaker 2 (04:05):
What was the fastest time achieved, like by a factory driver, Oh.

Speaker 1 (04:10):
By a factory driver. I don't know that day. It
was a media day. I heard someone got an eleven four,
but I did not personally witness it, so I don't know.

Speaker 2 (04:20):
All right, So there's so much hate for this car
because it's an Eva's sacrilegio. You've driven I imagine a
normal challenger or charger, so you know that they're like
big American V eight And but did this not have
a similar feeling? Did it feel like a muscle car?

Speaker 1 (04:39):
The scat pack, the scat pack actually felt tactile. And
I'm not going to say that it felt like an
internal combustion car. It just it doesn't. But it still
feels tactile. There is a noise and a vibration that
it does ignite your senses. It's not the.

Speaker 2 (05:01):
Noise comes from the frasonic chamber.

Speaker 1 (05:04):
Yeah, now the noise, it does sound a little like
a movie recording. But from a distance maybe it would
sound real. Quote, but what.

Speaker 2 (05:10):
About from the driver's seat. Is it a pleasing noise?
Did it make you want to push the on.

Speaker 1 (05:15):
The on the drag strip? It was cool on the highway,
you know. Driving on the highway out to the National
Park where we drove, it was annoying and I wanted
to turn it off. And you can turn it off.

Speaker 2 (05:25):
You can turn it off.

Speaker 1 (05:26):
I made sure to ask, so, you know. I think
the question is not whether all the core Charger and
Challenger people will buy this car. I don't think they will.
But I did hear some interesting ideas that this car
could appeal to a Tesla buyer who is sort of
fed up with Elon's antics and whatever and are looking

(05:48):
for another two door or for obviously, Tesla doesn't make
two doors, but looking for a sporty two door electric vehicle.
There's nothing that's sporty with two doors, right, that's electric Now. Obviously,
Portia has seven eighteen coming, but it's not for sale yet,
so if you you could kind of say there is
a space in the market for a two door muscle car.

Speaker 2 (06:11):
Also, the Tesla is so spartan, you know. I never
appreciated the interior, and one of the things I love
about my Challenger is the interior. It's big, yes, it's roomy,
but it's laid out very well. Yes for as a
driver's car.

Speaker 1 (06:26):
I really like the interior. In the charger, the rear
seat is really spacious and roomy. It has a really
nice feeling where you feel intimate inside it but not
cramped at all. The dash is great, it's they It
feels like you're in a mo par car. It doesn't
feel retro necessarily, but they did a good job with
I'm a big fan of the interior. They still have

(06:49):
sort of the pistol grip shifter in it, yeah, which
is cool. Honestly, it's not bad, and I it looks
cooler in real life than in photos. I don't think
it photo graphs well, but in real life, I love
the white ones. I thought they were very cool.

Speaker 2 (07:05):
So not all bad, all right. I still need to
get more info on the frat Sonic Chamber because I
actually like a lot of fake sounds. Yeah, I know
you do, but I feel like it's it's it's more
okay for me to like fake sounds if they're sort
of created naturally in some device rather than synthesized and

(07:25):
push through speakers.

Speaker 1 (07:26):
This was synthesized. I mean it sounds sort of like
you're in a movie theater where the sound, you know,
comes up around Yeah, exactly, exactly exactly, you know, there
is an element of that. But honestly, we were at
Radwood Raceway. It's the old Bob Bon Durant track, I
think it's called Radwood Wood now and Phoenix, and from

(07:46):
a distance across the track, you know, we were doing
hot laps. It sounded almost real. So not all bad.

Speaker 2 (07:54):
I'm glad you brought up Radwood because we are going
to talk to mkhil Hagger today and Radwood isn't that
a term sort of generally used for nineties and early
two thousands cars that is.

Speaker 1 (08:07):
A quirky car show that Haggardy.

Speaker 2 (08:09):
Okay, yes, Well, the thing is I looked at his list,
and we'll talk about this with him as well. But half,
literally half of the cars on his list, and this
is the you know, every year now Hagerty comes out
with the Bowl Market list, which is the cars that
they think are good to buy now and will appreciate.
More than half of the list is from the nineties

(08:30):
or the two thousands. In fact, half is from this century,
which I thought was really weird. The average age of
the cars on his list is two thousand and one,
and previously it had been like eighty seven or eighty nine.
In the last couple of years.

Speaker 1 (08:46):
This is but I do remember every year the age
has come inched closer to us. So like this is
a continuation of that trend. And it has to be
the thirty year cycle where whatever you grow up idolizing,
by the time you can finally afford it, thirty years
have passed ish, right, So doesn't it stand to reason

(09:08):
that it's now twenty twenty five that twenty five years ago,
you know, around the year two thousand, the people who
whatever you're idolizing then like late nineties Michael Jordan era
into two thousand is now what we want, and I
have to imagine it's just more more of that.

Speaker 2 (09:26):
Yeah, it totally makes sense when you put it that way.
It's just that, no matter what year it is, the
golden age of cars is always going to have been
the fifties and sixties.

Speaker 1 (09:37):
You think, yes, I mean, I don't you know what
I really think, like those cars from the fifties and
sixties are becoming like how we think of pre war cars,
like completely.

Speaker 2 (09:48):
Maybe you're right. I mean I always think, for example,
classic rock, right, You're never going to get music that's
better than it was in the sixties and seventies. But
maybe that's because I'm fifty years old. Yes, maybe kids
today are like, man, the nineties is where it's at,
Like Third Eye Blind is the best?

Speaker 1 (10:05):
Nineties is classic?

Speaker 2 (10:06):
Now well, all right, let's get into our interview with
Mikhil Haggerty. He's the CEO of Haggarty Insurance, which also
now obviously does media events and auctions. I have been
so excited to have you on for so long because
I've been watching you know, your company grow, I've been
reading Hanah Hannah's written a few stories about it, and

(10:29):
I just think it's so fascinating that you have gone
from an insurance company to this media and events and
auctions conglomerate, and just explain to our listeners about your
business if you can.

Speaker 3 (10:44):
Yeah, well, it all starts with this kind of core
love of the automobile, and we you know, we have
this kind of human connection with cars and objects and
things in our lives. And it was a family business
that started in the basement of the house I grew
up in, and my mom and dad just said, you know, look,
if people really care about things and really care about cars,

(11:06):
then from a pure insurance standpoint, which was the business
they were in, then that means there's there's better risk.
But you know, insurance is kind of a boring topic
and mostly because it's I was talking about negative things
that happen. And what we love about the car world
is it's it's about the fun. It's about the passion,
it's about competition, it's about style and design and all
those things, and we get to play with the fun

(11:28):
parts of it. And the core business was insurance, and
it grew and grew and grew, and we were, you know,
really getting traction in the US and around the world
and I realized that, you know, if we really wanted
to spin the flywheel faster to use the you know,
pun fully intended was that we needed to we needed
to be a little bit more in the entertainment side

(11:48):
of the business. We needed to be more in the
buy sell side of the business. We needed to be
in the event space around the business. And so it
all kind of works together. It's like this ecosystem and
it's fun. So we ensure you know, millions of cars,
but we also, you know, we we have events. We
have this auction business that we acquired after we went
public a couple of years ago, and which is really

(12:11):
cool and we think it will be an important part
of what we do over time. And you know, we're
just having a blast because we get we get to
play with cars and honor other people's cars and cool
cars and people in the car world.

Speaker 1 (12:22):
Mkil I'm so curious you mentioned going public. That was
twenty twenty one. How has your life changed since then?
I mean that was a radical I mean the going
public was probably the end or maybe the beginning of
this transformation. But you guys have really gone through such
a transformation.

Speaker 3 (12:38):
Well, I had hair three years ago that was I
missed my hair now it was you know, ultimately, you know,
there's just this presumption I think when businesses are really
growing that everybody just assumes you're going to sell it.
And I think, you know, what, are you going to
sell it? You're going to build this thing and flip it.
And my view was, I believe so much in the
mission of what we're doing about, and we have this

(12:59):
kind of mission we write, write down and talk about,
which is to save driving for future generations. And I
knew that I could never do that if I if
the company was sold, and of course, you know, we're
the type of business that lots of companies would love
to acquire. And I just said, look, I think the
best way to set it up for the long haul
is we go public. Because it's a you know, it's
got a lot of paperwork going public, I can tell

(13:21):
you that much, but it kind of sets itself up
to perpetuate itself long haul, and you know, would give
us capital to do kind of other cool things, and
it would put the disciplines in place that you kind
of need when you're running a bigger business. So yeah,
the going public part was it was pretty cool, you know,
like ringing the bell in the New York Stock Exchange.
And there's all this, like I said, lots of paperwork

(13:43):
and lots of you know, corporty stuff. But I focus
on as much of the external peace and the and
you know, our brand and our events and interfacing with
customers and partners as I can.

Speaker 4 (13:53):
And it's fun. It's a really cool business.

Speaker 2 (13:56):
What have you found is the most successful because you
know some of the stuff you do. I consume so
much media. I'm watching this stuff that you're producing, listening
to the podcast that you are making. But it can't
be very profitable, right. That's why you see roadent track
and motorcyclists, you know, disintegrating into nothing. So on the
other hand, you have the auctions business at Hannah follow

(14:17):
so closely. You made a big acquisition there with broad Arrow.
The events are iconic with Vildesta, you know, coming up,
what have been the successes and what have been the
parts where you see, oh this is not working out. Yeah.

Speaker 3 (14:30):
You know, when when I started growing up in this business,
like I loved automotive media. I loved the magazines and
I loved you know, some of the early television shows
when they came on and so many of the online properties,
and and it's you're actually other than like big time
kind of sports. You're hard pressed to think of a
hobby or a pastime that had so much great media
around it than the automotive world. And it's definitely been trinking.

(14:53):
It's it's you know, there are so many fewer magazines.
The businesses are tough. You know, even some of the
event efforts television I think are really challenged financially. So
you know, there's that phrase in business like is it
an iceberg or is it an ice cube? And my
view was, Okay, look, we've got a great underlying business,
why not really invest in things like media and some

(15:14):
of the things that are hard to do they may
not make as much financial sense, but they're also they're
not completely horrible.

Speaker 4 (15:21):
And so we've actually been really pleased.

Speaker 3 (15:23):
With our media efforts, I mean, the reach of what
the team is doing both online and we're still really
committed to print and now by audited circulation, we have
the highest circulation car magazine in the world.

Speaker 4 (15:34):
And we're just going to keep doing it.

Speaker 3 (15:36):
Like great photography, great writers, just do good stories because
it's what a little bit of it is like it's
what I want to read, and I want to I
think it creates that kind of high ground in the
car world that we still need, rather than it just
kind of evolving into you know, cell phone videos and
things like this. Nothing wrong with some of that, but
we just we think there's room for higher quality stuff.

(15:56):
Now back to the first part of the question, though,
you know, there's no doubt about it that, you know,
events and media are not the biggest businesses. We think
the marketplace business will be important for us over time.
And part of it is, you know, just like in
the last twelve months, our customers members bought and sold
about three hundred thousand vehicles and that was about fourteen

(16:17):
and a half billion dollars worth of transactions. And so
we see that kind of from a data standpoint. And
when everybody talks about, you know, some of the great
online auction sites like you know, Bring a Trailer or
Cars and Bids, or you think of the big other
live auction houses all together, they both total on an
annual basis about four billion dollars worth of transaction. So
for us, it was like, okay, look, I'm not sure

(16:40):
you know anybody just naturally needed another auction business, but
we felt like they needed a better option when it
came to kind of trust and the way we could
invest in things that others may not be able to.
So it's we think that's going to be a fun
part of what we do. We think it's a great
way to tell stories about cool cars, like you know,
we were, you know, talking before about you know, it's
fun to talk about great cars coming up for sale.

(17:02):
It's a lot more fun to talk about them coming
up for sale than it is insuring them. And nothing
wrong with insurance. I get pays for me to be here,
but it's fun to.

Speaker 4 (17:11):
Talk about what people are shopping for.

Speaker 1 (17:12):
So well, I was going to ask, I was, you know,
how much of the core business is still the insurance business?
And also, you know, I know the auction market this
year has been kind of weird. Can you just give
us sort of a like a review on the year
about auctions and does that affect the insurance business side
of things too? Yeah?

Speaker 3 (17:34):
Yeah, So, I mean right now we're ninety two percent
of the revenues insurance and part of this we're just
growing so much. I mean this this year will add
about two hundred and seventy five thousand new members to
our our membership and insurance world, which is a cool
number given that like the biggest car club in the
world is like a little over one hundred thousand. So

(17:55):
it's just a big group of car people coming together.
But we on the the car market space, there's no
doubt about it that you know kind of posts. There
was a real high post COVID. You know, people just
like RVs and boats and camping and everything else in
the car world right right, and the car world saw
big boom. It peaked somewhere around like December of twenty

(18:16):
twenty two, and it's okay. You know, just because something
is off a peak doesn't mean it's bad.

Speaker 1 (18:22):
It's not a disaster.

Speaker 3 (18:23):
It's not a disaster. But definitely, you know, we've seen
this these kind of dips before. We saw it like
financial post financial crisis. I remember it after the dot
com bus twenty five years ago, when you know, it
got really hot and then it feels like it's pulling back,
but it's just it's more rationality. So you know, yeah,
the live auctions were off about twelve percent and twenty

(18:44):
twenty four digital auctions and those kind of mechanisms.

Speaker 4 (18:48):
Were down about five.

Speaker 3 (18:49):
So not a disaster, because when you say they're off,
they're off against like huge highs, and so maybe it's
just a little bit of kind of rebalancing in there. Definitely,
we saw it even like the summer, that some segments
of kind of older vintage cars didn't seem to.

Speaker 4 (19:06):
Have the kind of demand.

Speaker 3 (19:08):
But then we see new kinds of vehicles that have
more demand, and there's some clear trends that this kind
of I don't want to call them the next generation.
I call them like the rising generation of collectors. They're
the ones that are rising and they get to do
cool stuff, and they have different tastes, and someday, you know,
we hope is that as their taste mature, as all
of our tastes have matured when it comes to cars,

(19:31):
that they'll want to buy more of that cool old
stuff too.

Speaker 1 (19:35):
I was going to feel like we need to discuss
what you mean by different tastes, because.

Speaker 4 (19:40):
When you're young, you buy.

Speaker 3 (19:41):
You know, you may have a poster of the fastest
car that is available on a wall on your wall,
but you can't afford it, and see buy you know
what you like, and you know the trends that are
definitely different than what we saw in the past with
these rising generations are well, clearly, you know, Japanese cars
are not just kind of an accidental thing. They're a
big part of the car world that was where, but

(20:03):
they're big part of collecting.

Speaker 1 (20:05):
Clear I'll see that continuing.

Speaker 4 (20:06):
Oh my gosh. Yeah.

Speaker 3 (20:07):
And you see kind of less even less performance oriented variants.

Speaker 4 (20:13):
Now becoming hot.

Speaker 1 (20:15):
Interesting.

Speaker 3 (20:16):
So that's kind of interesting because everybody wants the best
of the bass. But if you can't afford the best
of the best, or there's just so few of them,
then you go for the next bat.

Speaker 2 (20:23):
Wait, what are we talking about? I know the dots
in two eighties. Ex's on your list.

Speaker 4 (20:26):
I'm in a prelude.

Speaker 2 (20:27):
Oh yes, Oh by the way, Oh dude, my my
best friend in the high school had a Honda Prelude
with a stick. It was like nineteen ninety I think,
and that car was the sickest. I mean, I've been
thinking about that ever since, but I've never really seen
it brought up until you put it.

Speaker 4 (20:46):
Out on your list. Their manual.

Speaker 3 (20:48):
You know, they were super reliable. They they're just a
great car, and they built a lot of them. They
were sold mostly on the coasts in the US, and
you know that kind of that those markets were much
more comfortable with them. They weren't a muscle car crowd.
It wasn't that they weren't hot rodders, and so it
makes sense that, you know, it's.

Speaker 4 (21:05):
An affordable entry point.

Speaker 3 (21:07):
I keep waiting for someday the Ford Probe is going
to make it on our list, but it's not quite
there yet. So no offense to all the Ford Probe
owners out there.

Speaker 1 (21:22):
Do we want to dive into the bull list?

Speaker 2 (21:24):
I know, I know, before we get there, I want
to ask about a car, Hannah, you probably care more about.
Which is the Ferrari Oh yeah, yeah, yeah, it's what.

Speaker 5 (21:34):
Fifty nine GT two fifty California wheelbase California. So it's
not Spider, It's not exactly the one that Cameron's dad
had in there's Bueler.

Speaker 4 (21:45):
This is the one he dreamed about adding.

Speaker 2 (21:47):
But so this, I mean, when we talk about a
down market for the collector car world, that doesn't include
cars like this, right, it's still going to go for
top and you're selling it at Emelia Island for sure.

Speaker 3 (21:59):
Yeah, this will go at the Amelia sale in March
March seventh and eighth, and so this will be kind
of one of the star cars there. And this is
you know, this is a twelve fourteen million dollar car,
but it's one it's so rare because it's an aluminum
bodied one of eight. You know, Lamar raced great provenance,
the whole thing owned by great collectors, which in the past,

(22:19):
which really helps because they kind of did the work
to make sure they bought good stuff. So this is,
you know, somebody's chance to buy a Mona Lisa kind
of car. And plus it's just super cool. I mean,
the thing, these things are just amazing and nose these
cars well, look they too can have cycles price wise.
But a big part of the car world that you

(22:39):
know we don't talk about or no one talks about
when it comes to say auction results and everything else,
is despite all of this stuff, there's lots of private
sales that happen in the multimillion dollar category.

Speaker 1 (22:52):
And so like this sense that's a big chunk of revenue.

Speaker 4 (22:55):
It's huge. It was a huge part for us this year.

Speaker 3 (22:57):
Like those teams, you know, the auction specials, and you
know they're constantly they're not waiting for an auction to
sell something if somebody wants to buy.

Speaker 1 (23:05):
And this is also because a lot of people want
to be more discreet. It's what they buy and sell.
This is this is nothing like back door. This is
just private sales right and other public auctions.

Speaker 3 (23:15):
Yeah, because I mean, you know, I think it's that,
you know, people want to have a little discretion and
they want.

Speaker 4 (23:19):
To be private.

Speaker 1 (23:20):
The issue, it's a security issue. It's also tone. I mean,
it's been a rough year for a lot of people.
Does it look great if you're spending fifteen million on
a Ferrari and you're the boss of the shop, you know.

Speaker 3 (23:31):
Yeah, or you had to light lay a bunch of people,
you know. So, but these cars come up so infrequently
that when they do come up, you know, it's amazing
how people clamor for them to just say no, that's
the one. I've been waiting for it and here it
is got to go.

Speaker 1 (23:47):
I'm curious, and this is just from my own background,
what is the thought process with this Ferrari? This nineteen
fifty nine Ferrari to fifty GT between having it sold
privately or publicly, Like, do you advise the person who
comes to you and says I want to sell this car.
Do you say, actually, we think it would do better
on the public market versus privately.

Speaker 3 (24:09):
Yeah, that's a that's a big part of it. So
these you know, these this this mythical role of auction specialists,
like they're they're actively working with collectors constantly to say,
you know, are you are we upsizing? Are you downsizing?
Are you shifting from one era or type of car
to another? And that's the whole thing. You know, everybody
wants to get the most money for a car that

(24:30):
they can, but it's it's all like again being careful
of the market or making sure you're not selling introtion
you're well.

Speaker 4 (24:38):
I think interest rates.

Speaker 3 (24:39):
Probably were as much driving this kind of softness in
the market as anything, because when everybody's feeling flush and
everybody's buying everything they want it practically zero percent interest.
That affects very very wealthy people as well, like because
they're you know, they're feeling really great about what they
can buy, and when interest rates are at a different level,

(25:00):
it changes confidence, I.

Speaker 1 (25:02):
Guess, and that applies to people who are spending a
lot of money on blue chip cars. It doesn't just
affect those of us on more of a budget.

Speaker 3 (25:10):
Right, Yeah, I mean because they they're affected by all
the same issues, they just have more more zeros in
some cases. So you know what we see though, is
there is there was an age cohort that you know
are often referred to as the Baby Boomers, and they
were the biggest car collecting generation ever, and they bought
many of them great stuff when they were at lower prices,

(25:31):
and the cars are probably mostly fully valued, and some
of them want to.

Speaker 4 (25:37):
Downsize or they want to simplify their life.

Speaker 3 (25:39):
One of the interesting characteristics of that Baby Boomer generation,
if you look at it outside of money, is that
they tend to try to simplify things later in life.
And it's just like, Okay, I have a great, big
life and I have homes, or I do a lot
of stuff.

Speaker 1 (25:53):
I want less any more problems.

Speaker 4 (25:55):
Yeah.

Speaker 3 (25:55):
Well, but even if it's just I want to clean
out my closets or I want to get rid of
some of the books in my library, they just don't
want all the clutter. And so, you know, they kind
of have this they kind of the Baby Boomer kind
of started as the flower Child generation, became incredibly incredibly consumerist,
consumer driven.

Speaker 2 (26:12):
They have seventy five trillion dollars.

Speaker 3 (26:14):
Yes, and but then as they get older, they simplify
and so and that's so what we'd expect is and
then there's this other interesting trend related to it, which
is we find more of the larger collectors wanting to
liquidate their.

Speaker 4 (26:27):
Cars while they're alive.

Speaker 3 (26:29):
And whereas like my dad's generation, he passed away, he
would have been ninety or whatever this last year, those
those big collectors they just kind of died with their
boots on and let their families deal with the mess after,
you know, hey, go ahead, sell these forty cars or
whatever I have. And the new generation it's like, I think,
just a little I don't know, maybe more of a

(26:51):
you know, reality around mortality or something like this, which is.

Speaker 2 (26:55):
Financial planning for sure.

Speaker 4 (26:57):
I think so.

Speaker 2 (26:58):
By the way, speaking of your dad before we get
into the list, and I want to get to it
because we're not all rich baby boers, and certainly I
was thinking about so, my dad had some cars. They're
not amazing, but they're like part of a family lore.
And I think in Hannah's family the same is true too.
So what were the what were the haggardy cars that

(27:18):
really mean something to you and your life growing up.

Speaker 3 (27:22):
No thanks for asking, because you know, in the end,
like we can talk about dollars and cents all you want.
These cars are important to me and for most people,
most of the millions of people who are into it
because of what the cars mean to them, not what
they're worth. And you know I did not, We did
not grow up with Ferraris in the garage. You know,
those were not cars that we had. We were a
Ford family, and ironically a Ford family and a Porsche family.

(27:44):
So my great grandfather worked for Fords. There's that was
a lot of Fords.

Speaker 4 (27:48):
My dad was. I was restoring cars in the garage.

Speaker 3 (27:51):
Each of my sisters and I got to restore cars
with him, but we got to you buy something out
of the newspaper and work on it. My my next oldest,
my oldest is sure, restored with him a corve Air
Lakewood station Wagon, which we sadly sold at some point.
And then my middle sister had a and still has
a nineteen sixty three fifty six B Roadster Porsche, which

(28:14):
is her baby. She drives it every single night. In
the end, mine that I bought for five hundred dollars
was a nineteen sixty seven portion nine to eleven s
and so I always say, like five hundred bucks, Well,
that was by far the best car deal I've ever
made in my life. But I also say, look, it's
it's priceless to me. I would never get rid of that.
And you know, it's the first car I drive every spring,
and it's the last car I put away when the

(28:35):
snow starts.

Speaker 2 (28:36):
To f You worked on it at home with your dad.

Speaker 3 (28:38):
Yeah, no, I did the whole thing, and just that
pride and of restoring it, owning it, driving it. That
will always be the most important car to me. And
then there were a bunch of cars my dad had
that I was able to kind of bring into into
the you know kind of collection that are both employees
and team members and nobody gets to see and that's

(28:58):
really fun. So, you know, for me driving one of
the cars that was important to my dad was just
it's like communing with.

Speaker 4 (29:04):
Him, and it's just been Yeah, it's been a great thing.
It's really I don't care what they're worth, it's just
being with dad.

Speaker 2 (29:11):
Yeah, that's awesome.

Speaker 1 (29:11):
Do you take that nine to eleven us? On rallies?
I've had one of the cars that yeah drive well.

Speaker 3 (29:16):
Funny thing, you know, I me. I grew up in
northern Michigan. I still live there. One of the cool
things I started doing, probably about ten years ago, is realizing, like,
there are all these great roads out there. I've got
this cool car I've had for forty years almost. I
started shipping it around and driving on roads I always
wanted to drive on with it. I mean, I went
to I went to college in southern California, but my

(29:36):
dad wouldn't let me bring the Porsche to drive up
Highway one.

Speaker 4 (29:39):
He just said, now you don't want you don't want
an old car. It's college. I'm like, yeah, I do, so, yes,
I do.

Speaker 1 (29:46):
So.

Speaker 3 (29:46):
It wasn't until just a few years ago that I
finally like, darn it, I need to ship this thing
to LA and drive it up to Big Sar, which
I did, and it was just, you know, it was awesome.

Speaker 1 (29:57):
So did you ever consider living in California by the away.

Speaker 2 (30:00):
Or someplace other than Michigan.

Speaker 1 (30:01):
I know, you where you went to college, you live
there during school, but you California is such a big
car hub too well, and.

Speaker 3 (30:09):
It's kind of like culturally, I mean, I every Strangely
in the car world, everybody thinks I'm from California.

Speaker 4 (30:15):
I don't know why. It's maybe my it's not the
way today. It's the tan and my bad.

Speaker 1 (30:20):
You have the mentality of it though. Driving up Highway One,
I think so.

Speaker 3 (30:23):
And my wife was from there, so you know, we
met there and we had California. LA will always be
a big part of our life, and I've been involved
with the Peterson Museum forever, and you know.

Speaker 4 (30:33):
I love LA. The whole LA car culture is awesome.

Speaker 2 (30:36):
All right, let's get to this list because there's a
couple I have questions about some of these vehicles. Let's
start with another Ferrari that's not going to go for
fourteen million, and that is the one that Tom Cruise
drove at the beginning of rain Man, right the four
hundred what is it? Four twelve?

Speaker 4 (30:57):
Yeah, for twelve?

Speaker 2 (30:59):
Is this just on the list because you think it's
affordable and it's hit the bottom.

Speaker 3 (31:05):
Of where it was probably more bottomed out before. I
just think it's definitely again, you know, if you other
than Porsche, and you know I love Porscha's, like the
Ferrari brand has been the strongest brand at the top
end of the collecting world forever and the you know,
these four hundreds or these they didn't make a lot
of two plus two's, and some of them were like

(31:29):
much maligned by the car world. But this is kind
of one of the latest versions where we've started seeing
increasing values in them, more people liking them, people not
being feeling.

Speaker 4 (31:40):
Embarrassed at all to own them. They just think they're
kind of cool.

Speaker 1 (31:43):
Was that a thing like embarrassment?

Speaker 3 (31:45):
Yeah, well there was you know, the there was the
famous the predecessor to this, the three six five, I believe,
was often referred to as the Queen Mother or Queen Mary,
Queen Mother, either one, and it was just because it
was like big, ponderous, flicking Ferrari for the time. But
I'm like, this is a V twelve, seriously cool car.

(32:06):
It just doesn't have maybe the same it's the looks
are a little underloved.

Speaker 4 (32:11):
Underloved, Yeah, yes, and so it's cool car. They're they're
they're interesting to see.

Speaker 1 (32:16):
I have to ask about the E type. Obviously, this
is an iconic model. You guys have said, the nineteen
sixty one to nineteen sixty four era E Type. I
want to talk about that but I also want to
hear your thoughts on the new Jaguar branding because this
is such an iconic car, and what do you think
about the rebrand.

Speaker 2 (32:37):
Yeah, it's interesting, right, which, by the way, they say
that the concept car somehow harkens back to the type,
the type which is you know, Enzo Ferrari may have said,
it's the most beautiful car that was ever made.

Speaker 4 (32:51):
Long hood. It has long hood.

Speaker 3 (32:53):
That's all I can think of, right, Okay, I'm starting,
all right, So a couple thoughts.

Speaker 4 (32:56):
Well, first, you know, e types.

Speaker 3 (32:58):
You know, if you think about no, if I talked
about Ferrari being like at the top of the game
in the collecting world, no brand has risen faster than.

Speaker 4 (33:07):
Porsche in the last decade.

Speaker 3 (33:10):
It's just been amazing to see and both you know,
coupled with you know, all these you know, influencers building
really super cool cars and then just the amazing, you know,
weapons grade machines that Porsche keeps making. So they've been
really on the rise. Jaguar has kind of been left
in the dust a little bit. That was like the
opposite of it really is, Yeah, the exact opposite, Like

(33:31):
you know, Yeah, I loved some of the Ian Callum
designs when when he was leading the shop there, and
because they were kind of cool, they were kind of muscular,
but they just they just aren't thought of in the
same way today as well.

Speaker 2 (33:46):
The same quality, Like you have a Porsche and never
take it to your mechanic.

Speaker 3 (33:49):
Well, that's right, And so there's all that stuff. There's
quality stuff, and there's you know, they're just maybe uninspired
performance or whatever. But the E type was undeniably beautiful looking.
And you know, if ends Ferrari said that it was
the most beautiful card the world, we're just going to
go with it. I think he probably did. And so
the series one, which was the you know, first series,
and they made him in a few and the last ones,

(34:10):
you know, weren't weren't necessarily the basket until the mid seventies. Yeah,
and the and the V twelve ones right there at
the end, we're kind of they were more challenged, but
these early ones were really pure.

Speaker 4 (34:20):
They really are beautiful.

Speaker 3 (34:22):
And I think what we've what we've seen in this
kind of emerging list, like this list that we put
together every here is like it's a it's a change.

Speaker 4 (34:28):
In somebody's interest in things.

Speaker 3 (34:30):
And I think this is maybe okay, this is a
new group of collectors saying like, okay, maybe these have
been overlooked. Maybe they're kind of on the rise.

Speaker 1 (34:38):
And were at rock bottom? Are you saying it's.

Speaker 3 (34:42):
I think it's like people, look, cars are always about signaling, right,
so it's there.

Speaker 4 (34:46):
This is an identity thing.

Speaker 3 (34:47):
And I think, you know, an nothing says I'm you know,
mad men more than you know, or I'm cool than
any type. It really, I think it really does. So
I think that's maybe why.

Speaker 2 (34:58):
It goes well with tweed.

Speaker 3 (34:59):
Yeah, I mean, and you know, and what do we
fancy coffee drinks?

Speaker 2 (35:04):
What do you think the price? I mean, we didn't
talk about that with the Ferrari, the Ferrari four hundred
four to twelve. What do you pay for a decent
one like fifty forty?

Speaker 4 (35:12):
Yeah, at the bottom end, and then and you know,
eighty ninety and the.

Speaker 2 (35:15):
E type for a decent one in running order. I'm
not talking about a concoor example, but what do you
pay for an early E type and decent shape?

Speaker 3 (35:22):
Yeah, I mean you can pay as little as seventy
five thousand and as much as two hundred, So they're definitely.
These are not, you know, bargain basement cars, and it's
one of the most expensive cars on the list, but
it was it's just surprising that it's seeing new interest.
And I don't know again, like because I've always felt
that if you look in the car world, it's not
what people want now, it's what what the alternatives are.

(35:42):
And we re realized a few years ago when Mercedes,
especially really valuable Mercedes were up, like fully valued, and
people were selling them the very next car like a
gull wing owner or something. The very next car they
bought was a vintage nine to eleven, And I kind
of want that was It's an indicator, and so I
kind of think that this is this is signaling something.
We're just gonna have to watch it. But by the way,

(36:03):
all the E type owners they're I mean, they're awesome.
It's I have a sixty six and it's it's my
wife's favorite car we own. I just wish it'd had
another gear in a little bit more power, is it?

Speaker 2 (36:14):
I mean, is it the kind of thing? Is it
the kind of thing where you have to be do
you have to have a mechanic as well? When you
buy the E type now.

Speaker 3 (36:20):
No, I mean it's you know, like they I mean,
the only challenge with e types I find is they
can run a little hot, and so they're tough if
you live.

Speaker 4 (36:29):
In a place with a lot of traffic.

Speaker 3 (36:31):
You know, these those cars were born in an era
when in the UK when everything was around about there
were no traffic lights and there was a fraction of
the amount of cars on the road. So it was
probably great in a you know, drafty cool UK back
when the thing was designed. But like, you know, truly
not to but sitting in traffic in Miami, it's just
gonna it's gonna melt down.

Speaker 1 (36:53):
Okay, Matt, I can't believe you have been asked about
the Dodge.

Speaker 4 (36:56):
Am I gonna have to bring it up?

Speaker 1 (36:57):
No?

Speaker 2 (36:57):
I think so, Okay, you have on the list a
Dodge Magnum SRT eight, and I have a Dodge Challenger
SCAT packwise and I.

Speaker 1 (37:08):
Just drove the charger ev Oh yep, Okay, that's a
very different thing I'm thinking about.

Speaker 2 (37:13):
Maybe not so the Magnum and and the Challenger and
the charger. These are like you can get big inch
motors like six point one or six point four Leader
V eights and they're like they've gone extinct. We've watched
as they've died and they'll never be made again. Sure,
is that why it's on the list?

Speaker 4 (37:31):
Well, I have Dodge Demon number thirty five.

Speaker 3 (37:35):
I suspected so we helped Dodge get that that model
launched because they were struggling to get anybody crazy enough
to ensure Dodge Demons.

Speaker 4 (37:44):
So I guess I stuck my hand up.

Speaker 3 (37:46):
And by the way, I told Tim Kiniskus at the
time when he was saying, would you ensure Dodge Demons?
And when he explained to me what the car was
going to be, I said, I will tell you what
you go tell your board. I will ensure every Dodge
Demon you can make, but I won't ensure every Dodge
Dan driver.

Speaker 4 (38:01):
How about that?

Speaker 3 (38:02):
And he's like, he's remember, I'm going to give it,
and he's like, I think I think I can make
that work.

Speaker 4 (38:06):
I'm like, well, then go to town, let's build these things.

Speaker 3 (38:09):
So yeah, so I have and I have a and
we have a help we have a manual hel cat too.

Speaker 2 (38:14):
How much do you love it? I mean, I think
there's such amazing cars because they're big and with roomy
and you got all the torque that you want and
it's just a fun boat to drive around the roads.

Speaker 3 (38:25):
Well, you talk about our friends at the sec A,
you know as sports Car Club of America, which is
you know, always been a sports car club, and they
have people bringing they have a program they call track
Night in America and they said, you just don't even
believe how many people bring in Hellcats and challengers to Track.

Speaker 4 (38:41):
Night in America.

Speaker 3 (38:42):
And they say it was just not what the SECA
was about. But it's like people come to the track
to have fun. And my view is I don't care
about his people coming to the track and having fun. Yeah,
And so it's great, they're cool. The Magnum is a
station wagon.

Speaker 4 (38:54):
It is a station wagon.

Speaker 3 (38:55):
Well, which, by the way, back to the Jaguar rebrand,
I also think that's part of that design is not
at the brand. I don't know, but if you look
at that design from the side, Longhood, kind of like
the E type but kind.

Speaker 4 (39:06):
Of shooting break.

Speaker 3 (39:08):
Look, Bradley, and I think, you know, like the Cadillac Celestic,
it's kind of shooting break and so I think it's
a new shape and so we call it station wagon
the dodge, Yeah, right a hurst, right, Yeah, that's funky,
that's funk.

Speaker 1 (39:22):
Yeah, shooting break isn't polite is a nice way.

Speaker 4 (39:24):
To say it's a shooting break. I don't have the right.

Speaker 2 (39:26):
The Volvo P eighteen hundred is kind of a little
bit that shape.

Speaker 4 (39:30):
As well, ye, right, another one of those, like I think.

Speaker 2 (39:33):
It's on your list, the sixty one to seventy two
of all they.

Speaker 3 (39:35):
Were made and for a long period of time, and
you know, they were again kind of not the best performers.
There were some really hilarious early uh reviews of these
cars back in the day of like one of the
most under stressed motors, you know, you know, all of
this kind of stuff.

Speaker 4 (39:52):
But yeah, I've always thought they looked cool. I've seen
them done in.

Speaker 3 (39:57):
I've seen some pretty cool kind of resto model ones too,
where they're kind of set up kind of track looking,
and I just their a good looking car.

Speaker 1 (40:05):
And we can't forget the Volvo with the most miles
on it ever. IRV Gordon drove that what three million
million miles? The school teacher who owned the same car
and drove it for like I don't know, twenty or
thirty four.

Speaker 2 (40:17):
Was that a P eighteen hundred or eighteen hundred. Wow.

Speaker 4 (40:20):
I tried to buy it, Oh.

Speaker 3 (40:21):
Because we want I wanted to get it five million.
I thought I wanted to get to five million, and
I got outbid by by Volvo.

Speaker 4 (40:29):
So this happens.

Speaker 1 (40:30):
That's like going up against the house. Yeah, you're losing
the way.

Speaker 2 (40:33):
It's not the only car on your list with the
Volvo motor.

Speaker 4 (40:36):
Now, Oh, that's true.

Speaker 2 (40:37):
There we got. Well, they're the DeLorean DMC twelve. I
went back and read some original reviews of the DeLorean
and they weren't as bad as I expected them to be.
Later people realized it was such a dog, I mean,
one hundred and thirty horse power with the Volvo V
six in it. I don't know why was some of
the critique at the critique at the time said, listen,

(40:59):
this car is comfortable and it handles reasonably well. It
should be thought of as more of a GT than
a sports car.

Speaker 1 (41:06):
Wow.

Speaker 2 (41:06):
And I to me, the biggest mystery is why didn't
John DeLorean put a real power motor in here?

Speaker 3 (41:14):
Oh, I'm sure there was some that that's a fascinating
part of the story. And I know our like media
teams have written a bunch of things. And in fact,
one time, when let's just say, one of our celebrity
writers for the magazine kind of disc kind of dished
on on the DeLorean. We like, we got a lot

(41:35):
of criticisms.

Speaker 2 (41:36):
Who was that celebrity writer.

Speaker 4 (41:37):
Well, we'll just.

Speaker 3 (41:38):
We'll just remain I'm sure you can look it all
up online. But it was it was interesting because people
ran to its defense. And you know, I've learned, we
learned our lesson in the media world because so much
of automotive media was I was about kind of ripping
on one car or another, and that was like the
tone it had to be kind of biting, her cynical,
and you know, I've really challenged to that team to

(42:00):
just say, look, there's a there's somebody who loves every
one of these things.

Speaker 1 (42:04):
And we're just very personal.

Speaker 4 (42:06):
Yeah, it's personal.

Speaker 3 (42:07):
Yeah, I mean really we got into it with the
with the my sister had a corvet, but somehow an
article was written negatively about a corvet, and I just
got eviscerated and I was just like, I literally I
can't tell you the number of apology letters and you know,
flowers to people like because I'm like it wasn't meant
to be mean.

Speaker 1 (42:25):
Trap isn't, but it becomes part of someone's identity and
it's in their memory, it's ingrained, it's I totally get it. Yes, yeah, yeah, well.

Speaker 3 (42:35):
It's been fun putting these things together and fun seeing
the entry points.

Speaker 1 (42:39):
Thanks for coming to talk to us.

Speaker 3 (42:40):
Yeah, we're just I'm thrilled you'd give it some attention
and I love what you guys are doing.

Speaker 1 (42:45):
I also want to say big news that broad Arrow
is now going to be the official auction house at Villadeste,
which is I mean basically the highest in car show.

Speaker 3 (42:54):
It's where the it's where the best of show cars
go to be judged against each other. And it's you
know Philidestane like Como, and you know, we're we're thrilled.
The you know BMW, who owns that event, you know,
ran a big process and we were glad we landed
they you know, for them, it was all about the
style of how we do business and you know, character
and ethics and that sort of thing, and that's what

(43:15):
the who they wanted to put in front of their guests.
And I'm like, great, we're gonna we're going to go
to town. We're gonna We're going to put on a
great show. And so the auction business is is a
is a fun one, but it's one we're just going
to keep doing it really well.

Speaker 4 (43:27):
You're going to focus on quality and well.

Speaker 1 (43:29):
I was going to ask, and I know you need
to go, but I'm imagining that that sale might be
a very small, curated sale rather than more of a
big volume.

Speaker 3 (43:37):
Yeah, it would be you know, eighty cars kind of thing,
which is, you know, over over a couple of days.
That's kind of what that market can absorb between all
the apparall sprits is and everything that everybody has.

Speaker 1 (43:47):
Too much, because that'll get really upset.

Speaker 4 (43:51):
Yeah, well you got to count.

Speaker 2 (43:52):
You have to come, and then we'll send Hannah.

Speaker 4 (43:55):
There we go.

Speaker 1 (43:56):
He's like gritting his teeth.

Speaker 3 (43:57):
But whereas like you know, like the Amelia type sales,
those will be one hundred and fifty cars, so a
couple of days, long, long days and and you know,
some big cars being sold.

Speaker 2 (44:07):
Well, thank you so much, dude for coming in. It's
been a real pleasure, my pleasure, my honor, and hopefully
we see you again too.

Speaker 1 (44:12):
Come back.

Speaker 2 (44:12):
I will I'll just read off his list so that
people know everything that was on it. The nineteen seventy
eight to nineteen eighty three Dots in two eighty z.

Speaker 1 (44:22):
X is that your personal favorite? No this list?

Speaker 2 (44:25):
No, okay, I don't think they're in any particular order
as what as I was going to say, Okay, I
do kind of have a soft spot. My my uncle
had one at one point. Next is the nineteen eighty
one to nineteen eighty three DeLorean DMC twelve, which, m.

Speaker 1 (44:41):
Hm, cool. I've driven one. It doesn't drive great.

Speaker 2 (44:44):
I have not driven one, but I can't imagine it's
a good experience.

Speaker 1 (44:48):
Now it's so slow, so it's just the way it
looks that people. But now we have the cyber truck,
which kind of looks like the truck version of the
Dolorean to me.

Speaker 2 (44:55):
Good point. We talked about the E type nineteen sixty
one and nineteen sixty four Jaguar E.

Speaker 1 (45:00):
Can I say something about that. I'm actually curious. I'm
surprised that it wasn't the Jaguar XJS that is actually
oh that list, because that's nineties era. That's sort of
more in keeping with the rest of this list, Like
they're saying the early sixties era E type. Yeah, Like
the rest of these dates are like nineties and two thousands,
so I'm very surprised I should have asked him about it.

Speaker 2 (45:21):
I thought it was odd too. I mean, my friend's
dad got one of these when I was in high
school and we thought it was awesome, but that was
obviously five years.

Speaker 1 (45:29):
Yeah, so I feel like it should be the XGS.

Speaker 2 (45:32):
I don't disagree with you, and I love the XGS.
The next one on the list is the two thousand
and three to twenty thirteen Lamborghini Guaiardo six speed. And
by the way, this reminds me that I totally forgot
to ask him one of the most important questions to me,
which is how big is the chasm in valuations between

(45:54):
a manual and an auto box on a car that
offered both as an option from factory.

Speaker 1 (45:58):
He's definitely gonna say the manual is worth more, of course,
but the question is how big? How much more? What's
the premium?

Speaker 2 (46:04):
Like that a Ferrari. Yeah, let's say like a three
fifty five, right, the manual which I got to drive Again,
should we discuss well, did we not talk about it
at all?

Speaker 1 (46:14):
All?

Speaker 2 (46:14):
Right, we'll talk about it after. But the manual must
be worth far more than the autobox.

Speaker 1 (46:20):
Right, We got to email them about that, Okay.

Speaker 2 (46:22):
The next on the list is the two thousand and
five to two thousand and eight Dodge Magnum SRT eight.

Speaker 1 (46:27):
Talk about an ugly car to be honest.

Speaker 2 (46:29):
Yeah, I it's a hearse even as a Mopar fan,
even if you appreciate this vehicle, how are you going
to find one that hasn't been like wrecked six times
with two hundred thousand miles on it. The next car
on the list is the nineteen sixty one to nineteen
seventy two Volvo P. Eighteen hundred.

Speaker 1 (46:49):
This is also the Saint era Volvo. Isn't it the
one from that the original movie of the Saint.

Speaker 2 (46:54):
Yeah, and I feel like it should have been on
the bull market list, like yeah, last year or five.

Speaker 1 (46:58):
Years also weirdly old?

Speaker 4 (47:00):
Yeah yeah.

Speaker 2 (47:01):
The next one is in nineteen seventy six to nineteen
eighty nine. Wow, they made it for thirteen years. Ferrari
four hundred slash four twelve, which we talked about.

Speaker 1 (47:09):
We talked about and like, it's so weird to hear
anyone say like this was quote unquote an embarrassing Ferrari.
I mean it's like this is so niche, because like,
how could any Ferrari be embarrassing?

Speaker 2 (47:19):
But yeah, but it is. I remember watching rain Man
and thinking, I know what they're trying to do. They're
trying to make Tom Cruise look like a total ball
or wheeler dealer. But they should have put him in
a better Ferrari anyway, great movie. Two thousand and two
to two thousand and six, Mini Cooper s cute.

Speaker 1 (47:38):
I mean I feel like you could get that from You.

Speaker 2 (47:41):
Can get it cheat like it's a driver's car. Yeah,
you can get it with a stick.

Speaker 1 (47:45):
Yeah cool, Okay.

Speaker 2 (47:46):
Nineteen ninety seven to two thousand and one hundred Prayer Lude.

Speaker 4 (47:49):
We talked about this.

Speaker 2 (47:50):
Oh my god, I'll never forget driving out to the
bat Cave, which is what we called some random deserted
driveway with my buddy John Lucier listening to the New
Ministry record and smoking cigarettes, which yeah, yeah, okay. The
next one is the two thousand and two to two
thousand and eight Mercedes Benz G five hundred.

Speaker 1 (48:10):
That's the one I want. That is classic, and I
don't want to hear it about how much do they
cost their repair yeah, yeah, yeah, YadA, YadA, YadA, it's awesome.

Speaker 2 (48:20):
I just think if you're going to get a g Wagon, well,
if I'm going to get a g Wagon, I would
want one post twenty eighteen because there's so much better
to actually drive on the street. But they're not classic.

Speaker 1 (48:35):
Yeah, I don't know. Do you like the modern g Wagon?
The current the current generation? You have no problem with it.

Speaker 2 (48:41):
I like it much better than the old generation because
it has the same look, the door has the same sound,
which is the main reason you're buying it, right, and
it works better.

Speaker 1 (48:49):
Okay, So all right, Yeah, I don't have a strong
feel like I'm fine with the modern one two, But
I mean the originals are cool, and I think they're
going to continue to just get cooler and cooler.

Speaker 2 (48:58):
The last one on the list is nineteen eighty four
to nineteen ninety Ford Bronco two. We didn't talk about
this one.

Speaker 1 (49:08):
Yeah, I mean, if you're listening and you or you're
googling the Haggerty list, I love the livery on this
Ford Bronco. It's like an off white with sort of
a burnt orange stripe on it with the word Bronco.
It's very eighties. It's cool. I mean, at this point,
every wealthy Guy and silver Lake and montalk own one.

(49:30):
So it's I'm sort of bored with the Broncos now,
but I do really like the livery of this one,
and I like that it's not a restomat.

Speaker 2 (49:37):
I like that it's and I imagine this is the
last of the Broncos to be collectible because every Bronco,
every era has been collectible. Yeah. I think every era
has been on the list pretty much so because I
remember when people started talking about getting OJ's Bronco, which
is the one that was.

Speaker 1 (49:54):
Absolutely which also Peter Brandt had. Did you ever go
to his house for like art parties and stuff. He
had OJ's White Bronco and park it on the lawn
out at his house and just like throw parties around.
It was kind of cool. Possibly morbid, but cool.

Speaker 2 (50:11):
That is morbid, and I'll say interesting. Yeah, Okay, so
that's the whole list, And I mean we talked about it.
You could write to us and tell us what you
think they left out. Let us know what do you
think is more collectible, and right now is the time
to buy. I always say the BMW six series from
the late eighties.

Speaker 1 (50:33):
Fine, I thought you would say a clown jew BMW.

Speaker 2 (50:35):
But oh, that's more in keeping with today's generation.

Speaker 1 (50:38):
Possibly, And I do think it's very interesting. No Porschas
on this list. Oh, they've kind of topped. I feel
like they've probably even if you're talking nine twenty four,
nine eight ninety four, some of sort of the off models,
they're not gonna appreciate as much as these. I mean,
it seems to be like this is what we're seeing.

Speaker 2 (50:59):
I guess with nine to elevens, there's no nine to
elevens anymore, right, No matter what.

Speaker 1 (51:06):
Nine ninety seven, the fis nine eleven s that mikil Bot, yeah,
does not exist.

Speaker 2 (51:10):
So you'd have to go nine twenty four, nine four.

Speaker 1 (51:15):
Sir, those are still really exposed now, all.

Speaker 2 (51:18):
Right, so let me just talk for a moment about
the Ferrari that I got to drive.

Speaker 1 (51:24):
Please.

Speaker 2 (51:26):
A listener of the podcast wrote to me, you know,
months ago, and was like, Hey, I have a three
fifty five and you're welcome to drive it. And I
was like, yes, but we're both dads, and we had
trouble making our schedule of work. Finally we did. Thank you,
thank you, thank you. It was hair raising, you know,

(51:46):
goose bump driving experience. I absolutely loved it. He had
the gated shifter amazing, and I will say that when
I was driving and I thought, I need more hours
of practice on this because I feel like if you
get into the groove with that, you can really make
it sing. Yeah. I mean I was able to drive

(52:07):
it and had a great time, but I just wanted
more like the sound.

Speaker 1 (52:13):
Like where did you drive it?

Speaker 2 (52:14):
So he came over to my house on I want
to say a Saturday morning or no, it was Friday
morning after Thanksgiving, and it's like a midnight blue, same
color as my nine to eleven and with the same
interior beige kind of tan interior, really beautiful and I

(52:35):
immediately thought, Okay, when I get a Ferrari, I'm gonna
get midnight blue too. And very cool guy. He keeps
it in storage at a place a little bit north
of where I live, and so we drove up to
the storage place because he had also blocked the driveway
when he was getting out, so we had to move anyway.
It was great roads driving up there, and I just

(52:55):
loved it. I drove it right away and it's not
like it's not obvi a race car anymore. And the
acceleration isn't by modern standards impressive, but you don't think
about that. You're just like on the gas and you're
feeling so fast and the sound is coming from obviously
behind you, and.

Speaker 1 (53:15):
It's just it's full body experience.

Speaker 2 (53:17):
You need, you want it. You He was like, listen,
you got to get it above seven thousand rpm to
really hear the right tone. And when I did, I
knew exactly what was talking about. And then the rest
of the time I was only trying to keep the
revs up, yeah, just to hear that screaming. It was.
I'm getting goosebumps now just thinking about how did you
fit in it? Like when you got it perfectly? I

(53:37):
was worried like that I would be too tall, or
that the pedal box would be too small, and it
is the toe box a little bit constricted, and but
it was not a problem at all, Like I wouldn't
have qualms about buying one myself because I fit fine
and I'm six three, two hundred, you know, so with
big feet. But the other cool thing was so I

(54:00):
got to drive it. Also, the guy was very cool
and we're yeah, I hope.

Speaker 1 (54:05):
So, I hope I can meet him.

Speaker 2 (54:07):
Yeah, you'll, You'll probably meet him. He is also a
member of the Classic.

Speaker 1 (54:10):
Car Clubs amazing so.

Speaker 2 (54:11):
And the other cool thing is we drove up to
his warehouse where he keeps the car, and there was
this dude there that I really want to introduce you
to who runs a company called HK Motors and they
sell Jim Glickenhouse's cars, so like the Boot, And they
also sell these Kimara Lancias, which I had sort of

(54:36):
peripherally heard of but had never seen.

Speaker 1 (54:38):
I don't think I was familiar. I googled them after
you mentioned them.

Speaker 2 (54:42):
So hot.

Speaker 1 (54:42):
They look really cool? Yeah, really cool.

Speaker 2 (54:45):
I mean insane.

Speaker 1 (54:47):
Are they actually selling these cars?

Speaker 2 (54:48):
Yes?

Speaker 1 (54:49):
They are in the US.

Speaker 2 (54:51):
Are they in the US? And what? The main reason
I thought I got to introduce Hannah to this guy
is because he has some sweet data about where they're going.
So they don't put New York plates on them because
people from New York don't buy them, he said, much
more often people from Connecticut or New Jersey. Yeah, but
not in New York for some reason. And they're also

(55:12):
I thought interesting, it's an inline four, a two point
one leader in line four, but apparently they scream and
one of the one of the top models that they sell,
which is less than a million dollars. He thought that
was great.

Speaker 1 (55:24):
I was like, still wed a weird time.

Speaker 2 (55:27):
Puts out almost seven hundred horse power with an inline four.

Speaker 1 (55:31):
How much is the car away?

Speaker 2 (55:32):
It must weigh close to nothing. I mean these are
twelve hundred and thirteen hundred kilograms and their manual.

Speaker 1 (55:40):
On a thousand horse power, which weighed basically.

Speaker 2 (55:42):
The seven seven hundred horse power because there's a twin
turbo charged in line fast.

Speaker 1 (55:47):
Oh that's a lot to that's.

Speaker 2 (55:48):
It's a lot to handle.

Speaker 1 (55:49):
Yeah.

Speaker 2 (55:50):
In fact, they sell for less money a street version
that I would have chosen. I put some Instagram pictures
up and the red one is like the hot version,
and the green one is the street version. I would
opt for this stow.

Speaker 1 (56:01):
So these are Do you have to give them a
donor car?

Speaker 2 (56:05):
I think they no. Well, I mean maybe they can
pick it up for you because they also are wheelers
and dealers. But yes, you bring a donor car and
then they send it to Italy and then Kamara makes
it and they bring it back.

Speaker 1 (56:19):
Wow, I got to meet this guy.

Speaker 2 (56:21):
Yeah, you really should.

Speaker 1 (56:22):
I love how they look.

Speaker 2 (56:23):
You have a.

Speaker 1 (56:24):
List, I do have a list, but we can save
We could save that.

Speaker 2 (56:27):
Let's save that for next week, because next week we'll
have Benedetto Vinya, the CEO of Ferrari. Yeah, yes, and
I feel like you've driven some Ferrari and.

Speaker 1 (56:39):
So of you. Now, so did you had you driven?
You driven the car before you spoke with him the
three fifty five.

Speaker 2 (56:46):
I drove the car before before I spoke with Benedetto Vina.

Speaker 1 (56:51):
Yes, did it come up?

Speaker 4 (56:53):
Okay?

Speaker 1 (56:54):
Good?

Speaker 2 (56:55):
But this is is it now the second Ferrari? Because
I drove the ff for week and I loved it. Yeah,
but yeah, I think this is only the second Ferrari
that I've ever driven.

Speaker 1 (57:07):
I predict there are more Ferraris in your future for
twenty twenty five.

Speaker 2 (57:11):
I sure hope you're right. And on that note, Oh,
by the way, our email address we should tell people
is Hot Pursuit at Bloomberg dot net.

Speaker 1 (57:19):
Yeah, and please feel free to email us. We read
every email where, we respond to all of them.

Speaker 2 (57:24):
I think I got some pretty amazing emails, or we
got some pretty amazing.

Speaker 1 (57:28):
Give us a minute to respond, because you know, sometimes
We don't respond right away, but we really love reading
your feedback and your thoughts and comments, and thank you
for listening too. Yes, yeah, I mean we have fun
doing this.

Speaker 2 (57:40):
Right, It's pretty fun.

Speaker 1 (57:43):
We have the fun job here.

Speaker 2 (57:45):
All right. That's it for this week. We'll see you
next week.

Speaker 1 (57:48):
I'm Matt Miller and I'm Hannah Elliott, and this is
Bloomberg