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February 23, 2024 42 mins

In this episode, Hannah Elliott and Matt Miller talk about driving the Tesla Cybertruck in Los Angeles, plus Matt's recent week with the Kia EV9 SUV - can it stand up to the big SUVs from Land Rover, BMW and Rivian? Then, it's a quick turn at the track with the all-new McLaren 750S and a deep-dive into a grudge-match over blue-chip cars down at Amelia Island and in Miami, Florida, next month.  

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

Speaker 2 (00:09):
I'm Matt Miller and I'm Hannah Elliott, and this is
Hot Pursuit.

Speaker 1 (00:20):
We are a couple of journalists covering cars for the
better part of two decades, and we're gonna go over
some of the most interesting things we've been driving lately today,
as well as a really cool rivalry developing, or I
mean an interesting rivalry maybe a little bit of an
ugly rivalry developing in the auction business. First off, Hannah,

(00:41):
you finally got to drive I guess it's only been
out for a few months now, but the cyber truck, right, Yes.

Speaker 2 (00:47):
This was a big goal of ours, and we did it.
We did it thanks to Turo. We rented it on Turo.

Speaker 1 (00:52):
Nice. Oh cool. I didn't even know that, all right,
So we're gonna do a little bit of an EV
extravaganzette first, because I drove the Kia EV nine and
I think it's fair to say a lot of people
have been excited about that. So we'll talk about that.
But the EV landscape is just looking worse and worse
and worse every day, at least from the manufacturer's perspective.

(01:14):
Then we're going to talk about a hypercar. Is it
fair to call the McLaren a hypercar?

Speaker 2 (01:18):
Is a super I would call this a supercar. I
would call this the McLaren seven fifty s.

Speaker 1 (01:23):
All right, So you spent some time, some seat time
in that and it's gorgeous. Yeah, I'm interested to learn
what the color is called because it looked I couldn't
tell if it was gray or blue, but I love it.
Er wink, there you go. So we'll talk about that
and then this rivalry. You've written a story for Bloomberg
Pursuits about a rivalry in the collector car like the

(01:45):
high end auction market, right, and Amelia Island is one
of those that I always think about as the top events.
So we'll get into all of that stuff. I do
want to point out that we have been talking about
the emails listeners are sending in, and we read all
all of these emails and respond to all of them
as well, So we're really happy to get more suggestions

(02:05):
from you, questions from you. The email address is.

Speaker 2 (02:10):
The email address is Hot Pursuit at Bloomberg dot net.

Speaker 1 (02:15):
Yeah, definitely, right in because I also get a lot
of intel from these, like it's helped me a lot
in my search for a car, which is being delivered
as we speak. Plus I'm really looking deeper and deeper
into the sort of disappointment of evs. And somebody recommended
a Harry Metcalf piece that I watched, which I got
a lot of interesting stuff from. Please shoot us an

(02:36):
email hot pursuit at Bloomberg dot net. Let's kick it
off though. With the cyber truck, I saw I think
a video or a reel they're called an instagram now
of you trying to park it somewhere. Yes, successfully, not
that it was too hard, but no.

Speaker 2 (02:52):
You know, I have to say the goal with this
loan was just to see how it behaves in normal
daily environment. I didn't want to take it, you know,
off on some grand off roading tour. I wanted to
just drive it around town and see see how it was.

Speaker 1 (03:07):
And so tell tell us first how you got it, Like, so, okay,
is it brand new? How many miles are on it?
Who gave it? Who rented it to you? Like, what's
the deal?

Speaker 2 (03:14):
James v rented it to me on tourow. This is
actually anyone can anyone, any of you listening can do this.
There's a link that will be in my coverage which
goes live on Tuesday. And I rented it literally off
of Touro. James v is the guy who owns it.
He had put down a deposit on the truck literally
during the presentation in twenty nineteen, so he has been

(03:36):
waiting a long time. And this was the all wheel
drive version, not the cyber Beast version, which is not
yet out yet. But this version, Uh, he said, I
was his first rental, so no pressure. I really didn't
want to get anything.

Speaker 1 (03:51):
You know, how new, how new? How many miles did
he have it on already?

Speaker 2 (03:54):
You know what? That's a good question. I don't know,
all right.

Speaker 1 (03:58):
So but the all wheel drive version, is that the yes,
the top of the line that you can get right now.

Speaker 2 (04:02):
Currently, Yes, that that is sort of the foundational version
that you can get. You know, it's still promises three
hundred and twenty miles of range. I think that was
probably closer in real world driving to maybe two hundred
and fifty. And it's a little bit slower than the
Cyberbeast was zero to sixty in about four seconds. So
it's still it's yeah, it's still lightning fast. And the

(04:23):
great thing about this rental was James actually delivered the
truck to meet at ten am on a Friday morning
and then picked it up at ten am on a
Saturday morning. The rental cost a little over one thousand dollars,
so for anybody, yes, and you know what, James, the
owner was a really nice guy. He said he had
a new upcoming rental. Someone rented it for ten days

(04:46):
for fourteen thousand dollars, so it's it's really popular. Yeah,
it's crazy, it's crazy.

Speaker 1 (04:52):
But guy's going to make a profit.

Speaker 2 (04:55):
He's going to make a profit. Obviously he doesn't get
all that money, but yeah, he and he said once
he he gets ten rentals under his belt, he can
up the rates for renting it. So he's he's and
another thing, he's got two more cyber trucks on order.
So this is going to be it's a.

Speaker 1 (05:11):
Business for this guy. It's a profit deal.

Speaker 2 (05:14):
Yeah. Yeah, yeah, so really fascinating and a lot of
people when I was driving the truck asked how did
you get this? Where did you get it? And yeah,
it's just Turo. So thanks Turo. Good job on that.
To answer your question about the real Matt, that reel
was actually that valet at Chateau Marmont parking the car,
because one of the things we wanted to do for

(05:34):
the test is hey throw the keys to the valet
and see how they react just jumping in with no
exposure at all and trying to park the thing. And
I have to give a big credit to Ray at
the chateau. He's actually worked as the valet there since
nineteen eighty six, so he's seen, goodness everything and he
did not bat an eye. And the turning radius, as

(05:57):
we found out in that reel on the cyber truck,
is great. It has that some of that rear wheel
steering that really helps maneuver it into tight spots. So yeah,
that's that's the real that you were talking about.

Speaker 1 (06:10):
How big is it? I mean, like I'm used to,
I guess f one to fifty size trucks are the norm,
and obviously they're much bigger now than they were in
nineteen eighty six. Is the cyber truck around that size
is big or smaller?

Speaker 2 (06:24):
What's it's around that size? To me, it feels wider inside,
But I actually think that's because it's more spacious inside.
I would say outside dimensions are roughly that of like
an F two fifty. It's it's Yes, it's big, but
it's not as big as like, for instance, the electric hummer.
We've got a Chevy van that we drive around to

(06:44):
flea market and stuff. It's not as big as a
Chevy van, really cargo van. Yeah. So it's big, but
it doesn't feel unusable. And I have to say I
found that the visibility was decent. The maneuverability of it,
especially thanks again to that steering apparatus, was really quite surprising.

Speaker 1 (07:04):
Is that optional or is it standard?

Speaker 2 (07:07):
I believe it's standard, Yeah, on this variant, which is
sort of their all wheel drive variant. Yeah.

Speaker 1 (07:13):
So it sounds like you kind of you didn't hate
driving it.

Speaker 2 (07:17):
Yeah, So I have to say, of course I was
really curious going in. I'm not personally I would not
buy one, I don't think because it's not my aesthetic,
and you know it's not my aesthetic, but it is
a lot of people's aesthetic. And I have never in

(07:37):
my twenty years of reviewing cars, had as much excitement,
all of it positive, as I have had with people
reacting to the cyber truck. I mean, I was a
little bit worried at some points because people were running
out into the street to take photos of it, and
it all was very positive and people were smiling and happy,

(07:59):
and you know that, honestly, that's very nice to see.
It's just nice to be in something that causes some
sort of emotional reaction and exactly, you know, there's there's
so much ubiquitous appliance like stuff on the road, and honestly,
it's just nice that, Okay, this is different, this causes

(08:20):
a reaction.

Speaker 1 (08:22):
I wonder if that's partly because you're in La. You're
in the land of Tesla's right, because in other places
where it snowed, For instance, somebody got a Tesla stuck
in the snow, which obviously has nothing to do with
the cyber truck. It's all about the tires. But like
sixteen people were taking videos of it and they put
it on you know, Instagram reels and yes, and they

(08:43):
were kind of making fun of it in the sense that, oh,
this cyber truck can't even get through up a hill
in the snow, which is stupid. But I imagine California you're
gonna have a much more positive reaction.

Speaker 2 (08:54):
Yeah, definitely, And I will say the hate is definitely
real online. You know, when I posted a photo. When
I posted that reel on my Instagram account Hannah Elliott XO,
it got plenty of hate. I mean, people don't like it,
and obviously that's fair. I personally probably wouldn't buy one myself.
But in the real world in Los Angeles, people love it.

(09:18):
I mean they wanted to talk about it, like from
all walks of life, all ages, all demographics. It was
a very nice thing to see, I would say, And
to that point, I would also say, if you're not
feeling especially friendly or chatty, don't drive the cyber truck
that day, because people are going going to want to
talk to you about it.

Speaker 1 (09:37):
I think it looks cool and looks like a stainless
steal kind of a Dolorean truck, if you will. And
I've always liked just that finish on metal. What about
the functionality, like, did you I'm surprised that the visibility
was decent because it looks like it would have difficult visibility.
So how was getting in and out of it? Putting

(09:59):
stuff in? Like other people? Like, how how did it work?

Speaker 2 (10:03):
That's a great question. I have to say. The visibility
issue is overcome in large part by cameras. So if
you're somebody who doesn't like cameras, you know you won't
like it. For instance, when the rear is shut, you know,
there's a there's like a roller top that shuts over
the rear part of the pickup bed that locks it in.
When that's shut, you can't see behind you. You have

(10:25):
to rely on a camera. You can't use the rear
view mirror to look behind you. It's blocked. But in
terms of getting in and out, it's not so tall
that it's awkward. You know, I've been in in vehicles,
even some you know, like the Mercedes g Wagon four
by four squared that is really a huge step up
to get in, even for me and I'm tall. The

(10:46):
cyber truck wasn't like that. It does feel carefully thought out.
I would say again, you know, I'm surprised to tell
you this, but that's the truths too.

Speaker 1 (11:00):
I mean, I'm glad yeah to.

Speaker 2 (11:01):
Your point, though, I think a big question is how
is it going to wear over the long term. And
you brought up the stainless steal body. I mean that
is a magnet for smudges and fingerprints and every little thing.
You know, James the guy who rented it to me
was you know, doing the lick your thumb and try
to wipe off smudges and it just made it completely worse.

(11:23):
So there, you know, there's smudgels all over the thing.
I've read you know, uh, threads online about how it's corroding.
You know, don't leave it in the rain because it's
it's somehow degrading the stainless steel, which seems like an oxymoron.
But so yeah, there is some question about how does
this wear long term? Yes, so you know, take that

(11:47):
with a grain of salt. I guess. You know, certainly
the interior of this particular truck did seem to wear
pretty well. I actually had the dog in it.

Speaker 1 (11:58):
But is it is it smooth leather? Where is it swayede?

Speaker 2 (12:00):
Is it it's smooth leather?

Speaker 1 (12:02):
Yep?

Speaker 2 (12:03):
And it was, you know, for twenty four hours. It
was resistant to the dog being in there. You know,
I took it to home depot that sort of thing.
So you know, my irrationale is, hey, this is a truck.
It's being sold as a adventure performance rig. So what
do you do with the truck? You put a dog
in it and you go to home depot.

Speaker 1 (12:22):
Yeah, So in terms of the cyber truck, are we
gonna start I know James is getting two more, but
are we gonna start seeing when's the beast come out?
I don't know.

Speaker 2 (12:32):
That's a good question.

Speaker 1 (12:33):
Are we going to start seeing more than produced? Or
is it like a lost leader and so they're not
making as many as they can or what's the story?

Speaker 2 (12:39):
That's a good question. And Tesla has been really quiet
on saying how many they've made and delivered and how
many they can make. You know, I hesitate to even
quote any estimates that Elon has said over the years
because it always changes. You know. When they first announced
this truck, they said, you know, it'd be about half
the price that it is now. So it's a bit

(13:00):
of a moving target. But we don't know, we don't know.
I think, look you can, I'm I'm looking at the
website right now. You can place your order. James doesn't
know quite when he's going to get his next two.
It's a big question mark. So you know, that's another
negative about it. It's really tough to know anything super specific.

Speaker 1 (13:21):
Well, they're not alone in that, right because it seems
like everything's late these days. Even gas trucks like the
Range Forge Ranger, you know, is late, and pricing on
stuff is much higher than it was supposed to be.
I think I was hearing a story about the Equinox
was supposed to be about thirty and actually it's going
to be more than forty. So that's just everything is

(13:43):
so expensive. Yeah, like the Eed nine I drove, you know,
my wife was really into it and approving of it,
and she said, Hey, how much is this compared to
the Mercedes gls that we just bought? And I said,
what's much more? Like we drove the GT Line, which
is over seventy five thousand dollars. Granted it's a three
row suv, and I thought it was a great vehicle,

(14:06):
but that's a pretty steep price tag, right for a Kia.

Speaker 2 (14:09):
Absolutely. I mean my question now to you is did
you feel like you were in a luxury vehicle? So, no,
Key is not a luxury brand.

Speaker 1 (14:17):
I really did in some sense, in the sense of functionality,
it is luxurious. It does everything that a luxury vehicle does.
For example, it's got massaging seats that are wonderful, and
even the second row has electric motors that move the seats. Around,
so it performs like a luxury vehicle, but it doesn't

(14:40):
have the fit and finish necessarily of a luxury vehicle.
It's not caked in leather like a Mercedes would be.
When I got in the Mercedes EQS, you know, it
was like, there's leather as far as the eye can see,
and gorgeous leather at that. That's not the case in
the Kia. But you don't really need it. Let me
just tell you. I really appreciated the vehicle in terms

(15:00):
of the functionality of it, in terms of the space,
the layout. The steering wheel, which some people have criticized
for being squared off and ugly, I thought was fantastic
and worked really well. The modes button in the EV
nine is right by your thumb. On the first press,
it goes into Sport, and that's what you want to
be in. The Sport button automatically tightens up the seat

(15:23):
bolsters so the seat hugs you and then you're ready
to go. It's obviously quick because it's an Evy, so
every time I got in, I would push the Sport
button right away. The storage is amazing. The infotainment system
worked flawlessly and is intuitive. The sound is it's okay,
you know it's it's not upgraded, it's not an extra cost.

(15:45):
It's a pretty decent sound system. Listen to a lot
of Grateful Death with my daughter last week. And it's
got a lot of space right now. The seats are
oddly shaped, which they kind of jut out in the back,
so when you're trying to fit rear facing car seat,
you do have to move the front seats forward a
little bit to get it in there, at least the
ones that I have, but there's still ample room for

(16:09):
someone who's at least up to my height, so up
to six ' three. The vehicle I think has so
much going for it. I would call it a home
run for a three row EV, if that's what you
want for me. EV really not going to cut it
right now, and I think for a lot of people,
which is why you're seeing the slowdown and growth, and

(16:33):
especially I have great concerns about KIA.

Speaker 2 (16:35):
I was.

Speaker 1 (16:36):
I was talking about the Harry Metcalf piece. He's a
automotive journalist in the UK and he has a YouTube
series and one of our listeners emailed and said, check
out his piece on EV's and he references the battery
deterioration that these cars experience, and Kia's and Hyundai's. Now,

(16:58):
maybe these are the older generation of vehicles because you
know they're over three, four or five years, but their
batteries degraded quickly, I mean twenty thirty fifty percent degradation
in terms of range. Now, all of that depends on
the climate that you're in and the way you charge
it and the way you use it. But you know,

(17:18):
if you ballid concern, it's a huge concern. If you
bought a car that had, you know, three hundred miles
of range, an ice car, and then after five years
it only could go one hundred and fifty miles on
a full tank, that would be a real problem.

Speaker 2 (17:32):
I mean, it's just like a cell phone, to be honest.
I mean my cell phone is like, you know, two
thirds of the capacity that I used to have battery wise.

Speaker 1 (17:39):
Well, and I wonder also about the difficulty. First of all,
the expense of the battery, I know, is huge, So
if you're going to switch out the battery, it's very
expensive to get the replacement battery to begin with. But
how difficult is it to pull a battery out of
an EV and put a new battery in I don't know.

Speaker 2 (17:55):
I mean, that's a great question. I'm really curious. You know,
back to the competitor with Kia. I know that Rivian.
You know they would like to say that, well, maybe
Kia would like to say that the EV nine could
compete against the Rivian for sure.

Speaker 1 (18:09):
I mean, for sure. The only thing the Rivian has
over the EV nine is the amazing power, right because
if you get the quad motor, I think it's like
eight hundred and fifty horse power in the Rivian. The
Kia doesn't reach that high. This is a vehicle. I
could easily see people cross shopping with the Rivian and
then walking away saying, you know what, the Rivian is
just a little bit too expensive.

Speaker 2 (18:30):
Well yeah, and you know you mentioned you're worried about
the company on the on the same token, by the
same token, though, Rivian it has laid off ten percent
of their salaried workers recently. We just saw that news.

Speaker 1 (18:41):
And you know, and they're only going to produce like
fifty or sixty thousand vehicles this year, which is just
what they produced last year. I mean, I mean, so
it's a real disappointment.

Speaker 2 (18:51):
Right in a way, it's like, well, if you are
in the market for this size s electric suv, I
would almost go with the esablished automaker that has been
around for many decades, you know, versus the startup.

Speaker 1 (19:06):
Yeah. I think if you're looking for a family, an
EV for the family, leaving the side the three row issue,
I mean, to me, the three row thing, I'd rather
have a two row. I need a lot of space
in the second row for my kids, but the likelihood
of me actually putting somebody in the third row is
very low. It's just not a great place to sit,

(19:28):
to get into it, to get out of, to be in.
So I think the only real competitor to the EV
nine is the BMWIX, because that's the only other EV
SUV for families, a family oriented vehicle that's been really
well executed. I mean, you could argue the E, you
could argue the Mercedes EQS, but that's another level higher

(19:50):
in terms of luxury.

Speaker 2 (19:52):
For sure, Yeah, for sure. But my question is for
the people who really the families who really do need
a third row, they're not gonna the I X won't
cut it for them.

Speaker 1 (20:02):
No, this is your only choice. This is yourn if
you need, if you really need a third row, this
is your only choice. But if you're if you're looking
for just a generic family SUV and you're willing to
shell out eighty thousand dollars, it's a little more for
the I X.

Speaker 2 (20:15):
I think until we get the electric escalade.

Speaker 1 (20:19):
In any case, I was definitely impressed. And I think
just Kia, Hyundai, Genesis, they're killing it. Yeah, killing it.
And I know that, you know, EV growth is slower
than expected, and there's so many disappointments. But if this
company continues, you know, to build throughout, obviously there's it's

(20:41):
gonna come back. You know, at some point they're going
to solve the infrastructure problem. At some point they're gonna
solve the affordability problem, and Kia and Hundai and Genesis
will have made a huge name for themselves.

Speaker 2 (20:51):
Right. Do you think electric vehicles are inevitable? Yes, it's
just a question of when. Yes, I mean, you know,
I don't think they are necessary. A lot of people
question manufacturer's lineup. Why are they still putting out so

(21:12):
many evs. Haven't we all pivoted to hybrids? But these
things were planned three four, five years ago. There's nothing
else for them to do. They can't pivot on a dime.
These are giant tankers, you know. I actually it's interesting,
you know. I was just at the track with McLaren
and I did ask them how quickly can you guys pivot?
Because you know they're working on hybrid stuff, And that's

(21:39):
the question I'm asking everyone these days. How much leeway
do you have? How quickly can you pivot? How much
are you hedging? Still? And it probably for every automaker.

Speaker 1 (21:50):
Yeah, definitely easier. I would guess that it's easier for
McLaren than it is for general motors, right, absolutely, yes,
different beast entirely. That's a great segue into your your drive.
So on the one hand, I feel like any McLaren
that you drive is going to be amazing. It's hard
to disappoint with a three hundred thousand dollars car. I

(22:12):
don't know. Tell me the details. How much was this?

Speaker 2 (22:14):
So this is the seven fifty s. I actually had
the spider version. This is basically the continuation of the
seven twenty s. So it looks for all intent support,
it looks just like a seven twenty. There are some
cosmetic cosmetic.

Speaker 1 (22:28):
Chain all the same to me, Yeah, I will see
this is a.

Speaker 2 (22:30):
That's a big problem with McLaren. Even for me. It's
tough to tell them apart, and it's tough to know.
Wait was that the Wait the six seventy five LT
does this? And then you know, there are a few
that we all obviously know, like the Artura Great Car
GTS Great. Okay, we look at those and we know
some of the variants and some of the some in

(22:50):
the supercar Slash GTS slash. Ultimately it gets a little confusing. Anyway,
seven fifty S this is their seven to twenty S successor.
The Spider starts at about three hundred and fifty three
thousand dollars. They you know, they really wanted to emphasize that, yes,
the performance numbers are slightly improved over the seven twenty,

(23:14):
but they really were focusing on enhancing driving engagement and
making it feel more exciting to drive, not just faster.

Speaker 1 (23:23):
Which is important in an age of electric cars. I
think it doesn't matter as much. You know, obviously you
don't want to be doing zero to sixty and nine
point three seconds, correct, but rather three point nine seconds.
But now they all do that, right, Yeah. I recently
saw as an aside I recently saw an old Volvo
AD where they were they were bragging that their turbo

(23:46):
Uh I think it was a seven to sixty or
whatever did zero to sixty in nine point three seconds. Nice,
that was a boat.

Speaker 2 (23:52):
It was the brag back then.

Speaker 1 (23:54):
Yeah.

Speaker 2 (23:55):
I like those little ads, but still make me laugh.

Speaker 1 (23:58):
But so they want to improve the driving experience. Still
I imagine it's not available with the manual transmission.

Speaker 2 (24:05):
No, no, no it's not. I mean they're big. They
really emphasized this is lighter. It's more lightweight, and you
know it's got like thirty more horsepower and you know,
you know, a marginally more torque, but it's light. It's
a lighter car. You know, they're saving weight in the seats,
they're saving weight with the wheels, they're saving weight with

(24:27):
some of the rear aerodynamic configurations. So yeah, it's engaging.
I have to say we did. We drove through value
of the fire, Yeah, value of fire outside Las Vegas,
and then we drove on the track. But it was raining,
so the track portion was cut short for safety considerations
and probably not as aggressive as a as it would

(24:48):
have been if if it was a dry track. But
obviously really fun car they've changed the HTMI on the inside,
and they haven't quite worked out all of the quirks
with the central computer apparatus. And this has been a
problem with McLaren that they've had since day one, and

(25:10):
I don't think they've ironed it out yet. For instance,
the Bluetooth for a while didn't connect and then just
dropped when I tried to use it on the drive,
so that there was something not quite right there. And
at one point the screen, the center console screen just
went black and then like rebooted and it had frozen.
The navigation had frozen a little bit.

Speaker 1 (25:32):
So But was it a production model that you were driving.

Speaker 2 (25:35):
As far as I know, I guess I'd have to
ask them specifically, but I was never told it's a
prototype or a PREKINDUCT.

Speaker 1 (25:42):
Believe that people still have problems. Manufacturers still have problems
with this stuff. Even GM has had real problems with that. Yeah,
in the Blazer.

Speaker 2 (25:49):
At least, it's certainly not only McLaren. Obviously, you're right
it GM has had problems with that. And I remember,
speaking of Cadillac when I drove the Lyric, there were
some weird quirks in there in their entertainment system as well.
So I think, obviously it's really hard, it's really hard
to get right interesting.

Speaker 1 (26:08):
So I'm looking at the McLaren website and I don't
foresee myself ever driving a McLaren. I don't even know
how you get ahold of one of those.

Speaker 2 (26:15):
Have you driven one ever?

Speaker 1 (26:17):
No?

Speaker 2 (26:18):
You know, they're they're on paper, they're really perfect. They're
they're kind of a perfect driving car, and they're so
track oriented, which I think is why McLaren sort of
gets away with having less than luxury interiors sometimes because
they say, well, we're track focused, we're track cars. We're
not trying to be a luxury car. But I do

(26:39):
think for the price of three and fifty thousand dollars,
you should feel special.

Speaker 1 (26:44):
For three fifty it better have doors that open like this, right,
Well does it have doors that open like this? Yes?

Speaker 2 (26:48):
Yes, oh yes, yes. For everyone listening, he's raising his
arms like, oh they know.

Speaker 1 (26:53):
Yeah, they see in Silicon Valley.

Speaker 2 (26:56):
Yeah. I think with McLaren, though, just on a final note,
is you know, sometimes it's hard for me to connect
on an emotional level, even though they're really beautifully driving
track cars to seem clinical. They're extremely clinical and a
lot of people like that, very very clinical, but you
know some people don't.

Speaker 1 (27:14):
Yeah, it wouldn't be for me. Like if I had
three hundred and fifty grand and I had to spend
it on a car, it definitely wouldn't be a McLaren.
No offense to people who.

Speaker 2 (27:22):
Do like them, Yeah, there are a lot of people
who do.

Speaker 1 (27:25):
And maybe I also live in the wrong place. I'm
in the wrong stage in my life. It just wouldn't
make any sense. But they're nice to look at and
see occasionally. You don't really see them very often, which
is a huge bonus, right compared to I feel like
I see more Ferraris and Lamborghinis by a long shot
around here than I do McLaren's.

Speaker 2 (27:45):
Definitely, and that is something we talked about on this
launch that some of them, really high end Porschas are
sort of approaching sort of a base McLaren price point.
And if you're going to spend call it like two
hundred and fifty thousand, and you can buy one a
McLaren or a Porsche, the McLaren's going to look like

(28:07):
a supercar. The Porsche, unless you really know what you're
looking at, is going to look like a sports car too.

Speaker 1 (28:12):
But I'd rather have the sport I'd rather have the
Porsche than the McLaren and save the money for gas.

Speaker 2 (28:17):
There, well, there you go.

Speaker 1 (28:19):
Well, I mean, what would you take an ST or
a seven to fifty seven fifty s.

Speaker 2 (28:24):
It's been noted on the record that I really love
the ST so like, I really like that car, So
I would take the ST.

Speaker 1 (28:31):
So let me ask you this if if it wasn't
about the money. But I say, listen, I'm gonna give
you one of these cars and it's not for resale.
Would you rather have a nine to eleven turbo or
a McLaren seven to fifty s oh nine nine to
two turbo?

Speaker 2 (28:46):
And again you know this this half the price. Yeah,
it's way more functional on every level. And I think
when that came out, was it two years ago? That
was my favorite car I drove ally. It's a Swiss
army knife. It just does everything really well, and it
has the X factor of engaging. It really engages you.

(29:08):
You feel excited to drive it. I actually like that.
It's a little bit you know, it can blend in.
I don't really want something that screams look at me
all the time in fact, most of the time, I don't,
so I like that. But you know, some people do
want something that looks really unusual and right, and that's
what's super exotic, and so that's why you get that.

Speaker 1 (29:31):
They're serving that niche. And I mean, if you have
a McLaren you probably are adding the tenth or eleventh
car to your collection. Absolutely, But the bottom line is
for most people, for you and me, if money wasn't
an issue, we would take a Carrera Tea over a
seven fifty s, right.

Speaker 2 (29:50):
It's more drivable on a daily basis. Yeah, And I
have to say, you know, in the seven fifty s too,
I noticed a lot of the other guys on this
was a group press drive. They were struggling to get
in and out of it, you know, moving the seat back,
sort of ducking underneath the wing door opening up. It's
a little awkward, it's low. You really got to move
the steering wheel, and you know, if you've got any

(30:11):
sort of girth to you, I noticed some struggling. So
it just was a little it's just not as you
don't flow into it like you might in other other cars.

Speaker 1 (30:23):
On bring a trailer, there was a g T forty
replica that sold for like three hundred and fifty grand,
and I was thinking, that looks so cool, but I
noticed it has the removable steering wheel.

Speaker 2 (30:34):
Yeah, you know, and that means that means it's impossible
to get in and out of Yeah, your knees.

Speaker 1 (30:39):
That's the kind of thing you could buy at Amelia Island.

Speaker 2 (30:42):
Yes, and to me, the original ones.

Speaker 1 (30:46):
As someone who knows very little about the collector car
world and you know, the auctions, I put Amelia Island
up there with, you know, the best of the best
in terms of the auctions. But I have heard a
lot from collector people, not just from you, but others
who say, there's a there's a rumble bruin in terms.

Speaker 2 (31:05):
Of the rumble in the jungle.

Speaker 1 (31:06):
So what's happening down there?

Speaker 2 (31:08):
You know, it's really interesting because this is such an
obscure world, but the personalities involved and the stakes involved
with how much money is to be made are big.
And so you're right, Amelia Island is one of the
few sort of recognized jewel level concourse that happen you.
Pebble Beach Villadeste might be another one that you've heard of.

(31:31):
And these are really where these blue chip vehicles are
shown on a golf course and there are always auctions
associated around around the car shown, and they're really celebrations
of of this really beautiful you know, old Ferraris, old
Packards and old Mercedes and these really beautiful cars. And Haggardy,

(31:53):
which is the insurance company and now sort of a
lifestyle brand, owns Amelia Island now and runs it. And
you know, when they bought Amelia Island, they installed their
own auction house into the on site as the on
site auction house it's called Broad Arrow, effectively kicking out
arm Southeby's, which had occupied that on site sort of

(32:15):
you know, special spot at Amelia Island to hold their auction.
And the person that owns arm Southeby's is Rob Myers,
and he really has a reputation as a very ferocious
business person and very shrewd smart guy. And you know

(32:35):
he so he held his auction off site. The next
year he spent two point seven million dollars holding one
auction off site at a million Island. And the next
year after that he thought, you know what, I'm going
to compete and I'm going to do my own concore
and I'm going to have my own auction down in
Miami or Coral Gables. So this year arm Southeby's is

(32:56):
holding their own concoor a auction and at the Biltmore
Coral Gables, and the whole thing is set up as
a competitor to Amelia Island. And you know Amelia Islands.
It's about forty five minutes from Jacksonville. It's a very sleepy, beachy, quiet,
very staid, traditional type feel concre Now Miami, this new

(33:17):
concore that Rob Myers has come up with. We've got
a carbone pop up with like thousand dollars per sist dinners.
We've got a Cosatua connection. He's hired some pretty powerful
players to help him set up this flashy, glitzy concore
that will have you know, a more supercars, more late

(33:38):
model Ferraris and Lamborghinis, and it's feeling a lot younger
and just in general more Miami. So it will be
really interesting to see the two.

Speaker 1 (33:49):
It's interesting. So I don't know very many people who
run in this world, but I know a few who
do buy, you know, million dollar cars on a multi
millions and for them, on the one hand, it's kind
of about the the auction house. Sure, they know Rob,

(34:09):
they know Mkkeel, and so they will decide based on that,
probably partially. On the other hand, it's kind of like
how all of Wall Street moved to Palm Beach a
few years ago, even those who didn't really want to.
All their friends and all their restaurants were going down there,

(34:31):
so they just moved as a pack. And I wonder
if the same thing will happen with the auction. You know,
are the uber wealthy collector car crew. Are they going
to go to Miami with arm Sotheby's or are they
going to stay at Emilia Island with Haggerty. How do
you see that turning out.

Speaker 2 (34:50):
That's a really good question, and I guess we'll know
the answer to that in a couple of weeks time.
I have spoken with David Gooding, who also is going
to have an auction at Amelia Island as well, and
he says that they've had great consignments. It's taken a
lot of work, but their quality of cars this year,

(35:11):
of the people who choose to sell their car and
to show the car on the auction field have been
better than ever, he says. So it's a really interesting
question and I don't know. You know, at stake are
the buyer and seller. Premiums are at these auctions really
because you know, those tend to be ten to twelve percent,

(35:32):
and when you're selling a car that's ten or twelve
or fourteen million dollars, that ends up being quite a
lot of money. So there's a lot of money to
be made. And you're right, it's kind of about loyalty sometimes.
You know, people feel loyal to mkhil Haggerty, who's been
around forever and is very well liked and respected. People
might feel loyal to David Gooding. A lot of people

(35:54):
feel loyal to Rob as well, you know, And of
course within these auction houses, they'll make their own deals
where maybe they'll waive a premium or they'll reduce the
fee in order to get people to come to their side.
So it will be really interesting. I'll actually be in Miami.
I've gone to Amelia for many years, love that show,

(36:18):
and now I will go to Miami just to it's
the new thing. Let's see how it goes.

Speaker 1 (36:23):
And you want to eat at Carbone.

Speaker 2 (36:26):
Yes, of course, I mean I like spaghetti.

Speaker 1 (36:28):
I saw your your story, which I guess is going
to go in Business Week.

Speaker 2 (36:31):
Yeah, it'll be in Business Week on newsstands next week
and it's going live online this weekend.

Speaker 1 (36:37):
Well, I was looking at the at the illustrations, and
I don't know if you picked these or the editor did,
but so mode Miami has a nineteen seventy six Lamborghini Countash,
the Periscope one, a nineteen ninety Ferrari forty and a
nineteen ninety Mercedes Benz five sixty sec AMG the six point.

Speaker 2 (37:00):
Which I love. I think are so cool.

Speaker 1 (37:02):
I love them, But if I look at the Amelia Island,
it's much more old school. Yes, old money, you know. Yes,
nineteen fifty nine Portia seven eighteen RSK Spider, nineteen seventy
three Ferrari three sixty five GTB for Daytona Spider, yeah,
which is like the Miami Vice Car and nineteen fifty

(37:24):
seven Mercedes Benz three hundred SL Roadster. Those I'd rather
have those cars. I gotta say, maybe that's a two.

Speaker 2 (37:32):
To three million dollar vehicles. Let's not forget. I mean,
these are like real, these are the blue bloods.

Speaker 1 (37:39):
Well, Amelia Island looks more like the blue blood and
the classier choice.

Speaker 2 (37:44):
I'm actually surprised to hear you say that, Matt, I
thought you'd be really into the Mercedes and like these
like more muscly.

Speaker 1 (37:52):
I mean, obviously the Kuontash and the F forty are
my era, Yeah, but to me they just don't look
I would say they just aren't as beautiful as the
Ferrari and the Portia, the Mercedes. Those are gonna be
classic cars forever, like the fact that a Kontash is
gonna go for over a million dollars now shocks me.

(38:15):
And I know recently they've become much more collectible. Doug
DeMuro has one, Matt Farra got one. But they gotta
be horrible to drive, you know, and visibility they had
to put a periscope on it, and they always look
like they always look like they're gonna fall apart. Even

(38:36):
the F forty looks like a piece is gonna fall
off of it all the time, you know. And whereas
the Mercedes, the three hundred SL Roadster, it's gonna always
look beautiful, the same as true of the Spider.

Speaker 2 (38:49):
Yeah. And as a side note, anecdotally, I've done the
Milli Millia in an SL goal wing and we thrashed
that thing. Hard for the duration of the thousand plus
miles every day, day in and day out, and it
did not skip a beat. And that's really a tribute
to the craftsmanship of that car. It's it's such an

(39:11):
old car and you can still really drive it really hard.
I'm not sure we would have had the same luck
driving a coon Tosh right over the same distance.

Speaker 1 (39:21):
Well, the older ones, you know, look like they were
hand beaten, you know, aluminum bodies, and the Coontosh, the
F forty and the Mercedes, the five six d SEC
they look like somebody put a fiberglass drag kit on them,
you know.

Speaker 2 (39:38):
Not that that's a bad thing, no.

Speaker 1 (39:39):
I just I feel like they're not going to age
nearly as well.

Speaker 2 (39:44):
You know. I should say as a disclaimer, both Amelia
Island and Moda Miami will have a wide variety of cars,
so it's not like you know, I saw Modo Miami
is gonna have one of Fangio's Silver Arrow race cars,
which is a major yeah, which is it's a huge,
massive get and that I actually learned about it after
the story had closed, so it's not in that piece,

(40:05):
but they did consign that story. It's there. It's you know,
it's like one of the most significant F one cars ever,
if not the most, So that's huge. And that's an
older one too, so I.

Speaker 1 (40:16):
Mean I'd rather have that car than any of their cars.

Speaker 2 (40:19):
I had a feeling by by.

Speaker 1 (40:21):
A long shot. And like when I talk about how
I like that sort of stainless deal, unfinished, just clear
coated metal. Look, Yes, that's what I love about the silver.

Speaker 2 (40:30):
Roa's done really well.

Speaker 1 (40:31):
Yes, this is a single seater, open wheel. I mean
it is absolutely beautiful. That's all we have time for today.
But it flew by.

Speaker 2 (40:41):
Are you traveling somewhere?

Speaker 1 (40:43):
I am going to Vail and I actually I need
Actually this is a great thing that people can email me.
So I'm flying into Denver, UH next Thursday.

Speaker 2 (40:54):
Haunted Airport.

Speaker 1 (40:55):
By the way, What should I Yes? I love that?
What should I? Uh? What should I rent? Should I
turow something? Should I get something on turo? Or should
I Is there a good place to rent a car
in America? I've been living in Germany for so long
that I'm a little bit spoiled because there you can
rent everything at a Hurtz or a sixth But here
it's not as easy, right, don't I don't know.

Speaker 2 (41:18):
I'm not well versed, but I would throw my vote
for Turow for sure. It was a very good experience
and should just get something kind of wild that he's
never otherwise. Yeah.

Speaker 1 (41:26):
Well, hopefully people could email me or email us. Hot
Pursuit at bloomberg dot net is the address. I was
thinking like a super duty pickup with a six point
seven liter diesel. Yeah, I'm very much looking forward to it.
So and if anyone has any tips on how to
get a sweet car in Denver, please shoot us an

(41:47):
email that does it.

Speaker 2 (41:49):
For this week, I'm Matt Miller, and I'm Hannah Elliott,
and this is Bloomberg
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