Couldn't agree more. I'm lucky to live across the Pond. Yesterday, I bought a 2019 Fit S 1.3L, 18,200 miles; lots of bells/whistles for a Fit. I paid US$$7,233 out the door - 2 yrs. warranty on the powertrain; 2 yrs. Honda Maintenance Package, ; 2 yrs. Compulsory Liability Ins; 2 yrs. Mandatory Road Tax. I asked for new tires and they agreed. Sunset Orange II is a gorgeous color. Prices in the USA are insane.
The idea that people buy cars without the expectation that they will be worth nothing by the time they're done with them.... The naivety is real It's a tool, not an investment.
That was my expectation with our 2016 Honda Odyssey Ex-l. Drove it for 9 years and put 85k miles on it with 2 young kids. I was thinking it wasn’t worth much but was pleasantly surprised when Carvana gave me 16.5k for it. I thought that was amazing considering we paid 36k for it.
Interesting listening to these guys trying to understand why EV struggle in the Midwest. Then go on to acknowledge cross country trips take an extra day due to charging. Midwest is often referred to as "fly over country". Long drives are typical, not rare here. 200 mile drive to meet a family member for a birthday lunch then 200 miles back home isn't a big deal in rural areas. Factor in Sub Zero temperatures for months on end and even a 1 hour trip into the city and back for dinner is too much for the typical ev battery.
Yeah coworkers of mine got an EV and can’t really go out of town. If they go to Des Moines (hour and half away) they literally have to have one spot to stop or have to charge up before leaving back to our town
Yes they do. I commute 40 miles one way. Then if I go to a neighboring town for errands before I go home, I tack on another 40 to said town. That's 120 miles in 1 day. It doesn't take a long time because there's no traffic so it's doable. I am not an outlier either.
@ are you in the Midwest? Cause one winter the freezing temps killed the batteries faster. I still think utility wise for around town and to and from work an EV isn’t that bad
range anxiety is not the issue. The number one thing you never hear about on the news, Is that tens of millions of Americans live in apartments with no garages. They cannot charge at home. So their only option is charging stations which take an hour to fully charge compared to a gas station in 2 minutes.
Home prices and cars have gotten so ridiculous that they have priced most of my middle class friends and acquaintances out of the markets entirely. Its amazing how even small markups in MSRP over the last several years create demand destruction, given the lack of quality, more expensive things that need to be replaced, and the fact that they were already too expensive for many BEFORE the money printing and population shifts
@joe97nsx i can't imagine, but I veleive you. It's a similar thing happening many places, but places like NY are probably one of the best proxies due to Chinese investors bidding up asset prices to get their money out of their country regardless of the potential loss. It's a vicious cycle of inflationary forces creating paper wealth that will only be seen as the charade it is when the rug is pulled and there are not enough buyers anywhere near the price levels of today
@MeJonTheDon for us, it's our idiot Prime Minister who indiscriminately more than doubled immigration rates over the last few years. Government spending and overtaxation has been a disaster too. There is no tax that this government doesn't love and it's driven the cost of everything up. Now inflation has finally cooled off but it's mostly due to everyone being too poor to buy anything now. Gdp per capita has been dropping for 6 consecutive quarters.
It really feels like the only thing to do is just horde cash. It crazy when "upper class" people can't afford to buy or have to get a kick down from their parents.
That's interesting. Why would a fallen price be considered its "actual" worth and not the price you deemed "overinflated"? I would submit that whatever price one is willing to pay determines its worth.
@@terrymoten1222tell that to all the banks that wrote loans for well over actual value that are eating all the repossessions now. Who will probably be begging for bail outs at our expense soon.
The only issue I have with all these "why not features" comes down to price because a good number of us want the car as cheap as possible and don't want to pay for a ton of features we don't want/need to drive a car
I adore my 20yr old over 260k Toyota Sienna. She is such a work horse. I just maintain her well and get every repair at the dealer. Don’t come for me using the dealer for repairs. Aftermarket generic replacement parts have screwed me before, the quality is no longer there. My minivan may only be worth $500 but the body is fabulous and a used car costs more than even major repairs. I think all cars made after 2011 are 💩 anyway. I went over 250k before major repairs on major original parts. I took my old Volvo station wagon to 1M miles and I think the Sienna will go the distance 😊
I had a conversation with a Porsche dealer just the other day. They offered me an allocation on a GT3. The only caveat is, I have to lease a Taycan turbo about a $60,000 value. When I asked them why, they said that they cannot move the EV inventory in any other way. Macan EV are not selling at all, they said.
That is why you get a GT3 in the second hand market, no point in getting a new one, considering you need to be a top Porsche customer just to be considered for one
Bro... DON'T EVER BUY ANYTHING NEW especially vehicles. Obviously unless you just don't care and have money to waste! Granted they DO hold value but everyone builds their different so your configuration someone else might not like. Im a saying this because I own a high end car rental business and boy the amount of money I'm losing with these new cars are INSANE!! I'm literally considering changing my WHOLE business model now 🤣 Mind you... I actually make money with my cars, you literally have a 130k+ car sitting in your garage. And when you DO choose to go out on the weekend you'll be paranoid hoping no 9ne scratches it 😂
Mandatory breathalyzers and cameras? Brother, you have been living in California far too long. There is nothing wrong with insurance companies monitoring with their own devices, but to mandate breathalyzers and cameras is WILD, using your terms… tyrannical intrusion of privacy and anti-American in my terms
I just purchased my Hyundai Ioniq 5 and holy crap. I'm never going back to a gas car again. There's so many amazing things about it that put it above gas cars on the market right now. I look forward to seeing more people switch over
Been in the automotive repair industry all my life. The labor and parts cost are only going higher. The volume of labor talent won’t be around in the next decade either. Something to think about when buying these high end cars.
@@oimfc37 Start blaming bean counters and engineers for purposely designing stuff for high repair costs. Relatively common repair on EVs are high voltage contactors which the part costs $65 BUT you have to drop the battery pack as a whole costing $1k to $1.5K
My mom bought one of those fancy EV they talk about, the battery broke and they dont have the part available. She has been using my backup 99’ toyota Camry for over a month now😂
"I can't justify losing new car money". The most relatable phrase Doud ever said. Thanks. I have only had one new car, a 1982 Subaru. The rest were used, many others brands including 4 Corvairs, 3 BWMs, 4 Porsches and 4 Volvos. and many other one offs.
I recently learned this the hard way. Yes it nice driving a new model car that literally dropped months or weeks ago. However losing OVER 50% is INSANE and stupid! I own a high end car rental business and for example i bought this year the new BMW X7 fully loaded m package. The car came to 87k because I have connections, HOWEVER by the end of THIS year 2025 the car is already worth 50k😂 This is just one example and mind you it have over 20 different vehicles
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
On net rates fell from about 1980 until a couple years ago. That trend is over. Now they will rise for decades. However we are currently due for a countertrend pullback that could take rates lower for a year or 3.
It still bothers me how normalized car financing has become. It shouldn't be normal to finance a car. GM should be an auto company but it's actually a financial institution. My first vehicle was $500. My second vehicle was $1200. My third vehicle was $11k. My first NEW vehicle was $45k. None were financed, and all worked good-enough.
@@gamesguy soo true, i ended up buying a corolla and rav4 before the pandemic at zero financing and at MRSP, during the lockdown Lexus was offering zero financing for a rc-f i guess i'll never get that again :(
19:00 God...hearing people bring up solar panels on vehicle roofs or solar roads just proves how little you actually know about this subject. The sun literally doesn't produce enough energy in the area of a vehicle to appreciably charge an EV, and solar roads have so many issues that they're a ridiculous concept. Of course the immediate "Oh you want the government to do that..." comment proves how little you know about infrastructure too.
Ppsstt....listen closely... every invention created was preceded by a 'know it all clown' who said why it couldn't be done. Thank God nobody listened, otherwise we never would have gone to the moon.
@ You’re just as ignorant and even more arrogant. You don’t think firms have looked into solar roads? Of course they have. And they’ve always failed. For many reasons. Also, the cap on solar efficiency per square meter is fixed on Earth and not changing. You should actually learn why these ideas are garbage instead of smugly saying I am dismissive of these clowns without reason.
New model Y is super reasonably priced especially with the 7,500 credit. Bought one a year ago and was thrilled to see the lower prices. Barely more than a used one.
EV tax credits make them seem more reasonable, but if you regularly owe Uncle Sam $7500 every year, you have bigger problems. It's not tacked onto your potential refund during tax time, it just lowers your liability by up to $7500. So unless you took long/short term gains during the prior year in order to buy the car, and use the $7500 credit to indirectly reduce your capital gains tax, it's not as straight forward as one may think.
@ Thanks for sharing. I’m not an accountant. I just know I’ve bought 2 over 10 years and each time received $7,500. But my accountant does the taxes. Between the cars and solar we put in it was huge savings
@@MD-pz3cntax accountant here. The $7500 tax credit has nothing to do with if you have a “refund” or not. The credit is based on your tax liability for the year. Said differently, if you withheld $10k for federal taxes through the year and your tax liability was $8k you would end up getting a $9,500 (with the credit) refund and instead of $2k refund (without the credit).
A company with the power to remotely disable your vehicle and track everywhere you go is a power to tempting for a government not to exploit. Dont give up your privacy and autonomy so easily because it is cool or fast...
51:33 sounds like these ideas are beginning to impede on people’s freedoms and privacy. I’m always going to be watched in my car? Jesus, sounds like anxiety.
@@Oakythis is 100% the fault of Democrats as they were the ones who introduce the electric car subsidy and reinstated the subsidy once Trump left office for the trillion dollar car company. As a Tesla owner I make too much money to be receiving a $7500 tax credit.
2024 Model Y owner here and it has been the best car I have ever owned. I am a Real Estate Agent and the range is plenty for me to show homes, hit the gym, and take my kids to practice all in one charge. And damn is it fun to drive. 🤯
A 1990 Honda Civic MSRP was $10,450, or $25,878.35 in today's money. A 2025 Honda Civic starts at $25,400. And you get a lot more car than you did in 1990. Car prices aren't all bad.
@@rxklastz1770you're right, he didn't also include the 1990 dealership fees. Fees have always existed so adjusted for inflation, it's still the same. The issue is people buy cars with stupid dealership add ons and mark ups , blame those people for the new norm.
Before you buy that Plaid you might want to get an insurance quote. In fact before you buy ANY new car you might want to check out the insurance cost. 😬
22:06....Pause. I'm in the same boat Doug. I've done multiple 13-14 hour solo trips non stop with only stopping for fuel. And a couple with people in the car. You're on point with this. I have found though, what makes it easier for me is windows cracked, podcasts on, start around midnight after 4-6 hours of sleep and run through the night.
I financed a 2017 Buick Verano Sport with 55k miles in 2018 from Enterprise for $15k. Its MSRP was $22k. By 2021 I was seeing the same car selling online for nearly $30k. I wish I’d have taken advantage of the market. My only fear was that $30k would barely be enough to get another decent car that was newer.
Cheaper to own and more reliable? They are unbelievably unreliable and expensive to own. You would be mad to buy a car from a mobile phone company. EVs have been around for 100 years and it never works. And it never will.
As a long time viewer of both channels this is one of the most valuable conversations I’ve ever listened to on UA-cam or any other platform. Thank you to all three of you for taking the conversation into a wildly different direction I thought it would go. I am saving it to rewatch many time again. There are a lot of golden nuggets in this video. Thank you.
These streamers have forgotten or never knew what work looks like to obtain money. Their lavish incomes for running their mouths and spewing their opinions are not realities for the people who actually provide the very things they discuss. A 33K car is not cheap. I bought a new car for that price in 2020. For most people a cheap car is under 5K and used. I remember when Doug Demuro was so wet behind the ears that he was fascinated by a quirck called an ashtray and lighter in a car.
Wow amazing interview. I have been following Doug since the beginning of his UA-cam career and I love the insight into his life. The questions where very well executed 👍🏽
@ Switzerland is for sure not liberal. They just don’t want the rich idiots to endanger their citizens and use their small, curvy country as a race track for the rich. I live in a small rich town in a suburban area and the police is ‘encouraged’ here to do the same. They pull you over when you go over 3 mph in their 25 and 35 mph zones. Guess what? Everyone learned the lesson and everyone is driving 25 max.
June 2020, I managed to get a 2018 Honda CRV with 16,000 miles on it and out the door for $22,400. I still have it and I love it. It never seen a shop yet and still runs great and now it has 122,000 miles on it. It also does everything I want it to do. It’s about buying at the right time, do your research, and learning exactly what you want in a car and what you are going to use it for. That’s how to make a happy purchase of a vehicle. After that be satisfied with your vehicle and use it until the wheels fall off!
18:06 the Chinese EVs are so cheap cause of literally a few 100B in direct financing and subsidies - and restrictions on foreign competitors bringing their products in without a domestic partner... We arent eilligm to subsidize to that extent...if we did we could have it that "cheap" too
EV never was the future. The nation's electrical grid cannot support even 15% of cars being electric, or even 5% of heavy duty trucks. There is not enough lithium in the world to go all electric. An EV is totaled after 5 years since the battery needs replacing and exceeds the value of the car. This means they are not cheaper than ICE which can run for decades or indefinitely, since the EV must be replaced entirely every few years just like a cell phone. "Fossil fuels" are not going to run out, they are renewable since oil comes from decomposing organic matter. Oil wells we pumped dry have refilled themselves after just 15 years since organic matter keeps decomposing and creating more oil. It doesn't take millions of years to form from dead dinosaurs, the propaganda we were all told. One volcanic eruption produces tens of thousands of times more pollution and "greenhouse gases" then humans have in their entire existence. Ice ages come and go without human influence. We have no effect upon the planet's climate, those who believe man affect the change of the climate believe this for religious reasons, not science. Man made Climate change is a religion pushed by politicians so they can gain power, and EV corporations so they can get money. Conspiracy theory, the belief that no politician or corporation has ever plotted or lied to gain money and power. EV will never be more than a small share of the luxury car market. The amount of propaganda Doug believes is stunning.
I'm. A huge EV advocate, however Demuro is correct. They need to be competitive in the market without incentives. Let the market, aka the people, decide. Incentives are a crutch and ultimately cause Long term harm to those who can't compete, and resentment of people feeling forced. As usual, less Government is better for all.
Transitions are always very very difficult especially for manufacturers. Incentives are there to ease the difficulty and they are intended to be temporary. This transition is particularly difficult because we are in an age of misinformation. EV’s will prevail because they are the best solution but this will only become absolutely clear when their range equals or surpasses ICE and it will happen within 10 years.
Along with ending subsidies, My belief is we also need to let capitalism work. No more automotive company bail outs. There will be disruption however even in bankruptcy they assets will be acquired, at a discount without many of the liabilities weighing down the company allowing, at least in theory, the company to operate more nimbly.
I hope the reason Ferraris are dropping in image is because everyone is sick of their shit. The company and their policies are a bunch of pretentious douchebags. You can't modify your ferrari even visually. Even in video games, they limit you from changing the car or have no damage because of their bs.
Yeah, even Jay Leno said he would never own a Ferrari because of all their pretentious rules. I don’t know how you could tell somebody to do with their car, that they own.
If you live in a home and rarely drive over 100 miles in a day, a used Tesla is hard to beat at these prices and with their convenience. You free up so much of your time never having to stop for gas and reducing maintenance by 90%.
19:45 There is a very interesting Ford concept from the 50s that had a nuclear reactor on board. The Ford Nucleon was a concept car that was only build on a small scale and never actually fitted with a working reactor. It would have used a molten salt reactor at the back that would have never had to be refueled. I think there are better ways of powering a car with nuclear energy, In france a lot of cars are already running on nuclear power. 70% of their electricity grid is nuclear powered, so many EV's there are atomic cars haha.
I’ll speak up and say the most attractive feature (for me) of cars and bids is that it’s always cars I want to see. Even if it’s not my kind of car- it’s cool. I understand the fear that one may be losing business with the mass market cars- but you’re not. There’s eBay for that. Don’t try to be eBay. You have an excellent niche product for a specific audience. Serve that audience. My congratulations to Doug and Graham for the successful ventures, thanks!
Great discussion. Doug, I know the LX570 isn’t your favorite but I got mine preowned and put on 18” EVO corse darker zero wheels with Toyo open country ATs. I love it.
16:15, as an EV owner, I agree in letting the free market decide....BUT keep in mind that reminds removing tariffs. We currently have 25% battery tariffs and 100% EV tariffs on certain imported EVs....that's right, the tariffs can literally DOUBLE the price of an EV from some places. So I'm all for free market, but if we get rid of incentives, we should also remove the tariffs.
Unfortunately, China has leapfrogged the West in vehicle production so hard that it becomes a national security issue. Chinese EVs would obliterate all OEMs if allowed to come in unabated. Tens of thousands of Americans would lose their jobs, Ford, GM, Tesla, Rivian, and would have significant sell offs. That manufacturing capacity will never come back so long as Chinese labor remains cheap. When China kicks off WWIII, our manufacturing capacity will have been gravely diminished. They can already outproduce drones by orders of magnitude.
@@garythecyclingnerd6219 but in that case we should keep EV credits and incentivize people to buy EVs. Right now all Trump is doing is giving China a massive advantage on improving its EV pipeline so that it will dominate the global market, other than Tesla. If you want to make it entirely a free market, drop the EV credit, end the tariffs, and end the oil subsidies as well and let the chips fall as they may. The fact that China may be ahead of the US in terms of EV is a compelling need to supercharge the US EV industry so we can compete. Right now Trump is just going to handicap the US EV industry for the next four years until we have another Democratic president who is going to have catch up on four lost years.
@@mikeshafer there are no oil subsidies, every country with crude oil in the world is enriched by the oil production. Stop believing the lie that the US has to subsidize their oil industry where everywhere else in the , the oil industry subsidizes the economy. Look at Norway, they financed their EV revolution with the money they made selling their oil.
@17:45. Doug is completely wrong when he said "China is adopting without significant credits." The CCP has been subsidizing the automakers with lots of money, and consumers are getting the cars at below the cost.
@ yup. Not limited to automakers but across all industries and segments. Look how much Boeing and Microsoft got from states for moving their HQs and from the feds for gov contracts.
They also require permits for highways and flag people for randomly covering long distances on cars, which limits driving distance and eliminate range anxiety
Amazing how Doug talks about letting capitalism solve it when talking about EVs, and then mentions Chinese EV companies, ignoring the fact that they receive far more government subsidization in many different forms than EV makers in the US, by a long shot. He likes cars, but dude is not that smart.
I really enjoyed this podcast. Getting to listen to Doug and hear that he has made it in life was pretty satisfying to listen to. I don't make it through most podcasts ever, but I really enjoyed this one. I have been watching Doug since the Ferrari days.
17:16 Not Doug talking about Xiaomi like they're some small little startup lmao. They make phones, watches, electric scooters, TVs, kitchen appliances, power tools, projectors, air compressors, luggage, security equipment, vacuums, and about a thousand other products. Xiaomi is worth almost as much as Sony lol
Literally all of that is irrelevant. None of that helps at all with the engineering and manufacturing expertise you need to build a car, even an EV, and going from 0 street cars to an actually good one in 3 years is absolutely insane
He's not saying they're a startup, he's saying that they're a startup in the car space. Which is accurate. You don't see Motorola, Apple, Sony, Samsung or other big electronics manufacturers getting into cars. That's a big shift. It's typically easier to go the other way, like many Japanese companies did coming out of WWII and then transitioning to cars and tractors before getting into electronics.
@chadh6815 semi-correct, which only furthers the point that OP playing this off like it's no big deal just further highlights the fact that it's a big deal.
49:08 The rearview mirror camera is patented. The reason why you don't see cool features from one brand being integrated into other brands is because most of the cool features are patented and the companies don't license them to each other.
I like how they casually talk about cars sharing information to lower insurance premiums when cars already share your information and customers aren't getting any benefits out of it. Car companies are just making money selling our information.
I’ve been wrapped up in CFB and haven’t watched Doug recently. Digging the beard Doug, now you really can knock out an engine swap over the weekend with a couple cold ones
Doug the type of guy to be a guest on his own podcast
Garage*
Doug is the type to not comb his hair, but now wears one medium sized shirt.
Please let cars go back to reasonable prices.
They slowly are! Electric cars are a bargain these days.
What’s reasonable to you? Free?
yea i only buy 10 yr old cars 😅
It's the govt requirements that make it expensive.
Cars are not reasonable, they are cheap af
So glad you let Doug have a mic stand and didn't make him hold the mic the whole show haha
We’re learning 😅
It's Doug's studio lol.
So glad he got to use his own mic in his own office. How are you a Doug fan and somehow missed this?
🤦♂️🤦♂️🤦♂️
I didn't know CQA didn't have a checkmark
15 year old Honda Fits with 150k miles being listed at $7.5k+
Or 80k miles for $11.5k is insane
😂😂😂 yep I was shopping for a Fit for my niece and saw that.
That’s what happens when companies make a good reliable cheap easy to work on car
Couldn't agree more. I'm lucky to live across the Pond. Yesterday, I bought a 2019 Fit S 1.3L, 18,200 miles; lots of bells/whistles for a Fit. I paid US$$7,233 out the door - 2 yrs. warranty on the powertrain; 2 yrs. Honda Maintenance Package, ; 2 yrs. Compulsory Liability Ins; 2 yrs. Mandatory Road Tax. I asked for new tires and they agreed. Sunset Orange II is a gorgeous color. Prices in the USA are insane.
I love my 2017 Fit. Going to drive it forever!!!!
Thank Obama and Cash for Clunkers.
The idea that people buy cars without the expectation that they will be worth nothing by the time they're done with them....
The naivety is real
It's a tool, not an investment.
If you buy cool cars they hold their value. My hellcat cost less to own than my Camry for 6 months even factoring in gas.
Everyone wants everything to be an investment now and can’t seem to wrap their minds around the fact that not everything is.
@@MrPland1992 hellcat is meh, nothing special or cool really, just another domestic crap
That was my expectation with our 2016 Honda Odyssey Ex-l. Drove it for 9 years and put 85k miles on it with 2 young kids. I was thinking it wasn’t worth much but was pleasantly surprised when Carvana gave me 16.5k for it. I thought that was amazing considering we paid 36k for it.
Yup. I use my vehicle to make memories by myself and with others. If it's worth anything by the time I'm ready to sell, that's a bonus.
Doug the kind of guy to install two chargers at his home when he doesn't own a single EV.
I don’t know anything about Doug but the way you worded this comment makes me think this already happened
Interesting listening to these guys trying to understand why EV struggle in the Midwest. Then go on to acknowledge cross country trips take an extra day due to charging. Midwest is often referred to as "fly over country". Long drives are typical, not rare here. 200 mile drive to meet a family member for a birthday lunch then 200 miles back home isn't a big deal in rural areas. Factor in Sub Zero temperatures for months on end and even a 1 hour trip into the city and back for dinner is too much for the typical ev battery.
Nah they are just stubborn rednecks, every household could have 1 ev 1 gas
Yeah coworkers of mine got an EV and can’t really go out of town. If they go to Des Moines (hour and half away) they literally have to have one spot to stop or have to charge up before leaving back to our town
The vast majority of people in the midwest are not driving two hundred miles regularly.
Yes they do. I commute 40 miles one way. Then if I go to a neighboring town for errands before I go home, I tack on another 40 to said town. That's 120 miles in 1 day. It doesn't take a long time because there's no traffic so it's doable. I am not an outlier either.
@ are you in the Midwest? Cause one winter the freezing temps killed the batteries faster. I still think utility wise for around town and to and from work an EV isn’t that bad
range anxiety is not the issue. The number one thing you never hear about on the news, Is that tens of millions of Americans live in apartments with no garages. They cannot charge at home. So their only option is charging stations which take an hour to fully charge compared to a gas station in 2 minutes.
Home prices and cars have gotten so ridiculous that they have priced most of my middle class friends and acquaintances out of the markets entirely. Its amazing how even small markups in MSRP over the last several years create demand destruction, given the lack of quality, more expensive things that need to be replaced, and the fact that they were already too expensive for many BEFORE the money printing and population shifts
That's nothing compared to how bad it is in Canada. Housing costs and automobile costs are much higher, and we have lower incomes.
@joe97nsx i can't imagine, but I veleive you. It's a similar thing happening many places, but places like NY are probably one of the best proxies due to Chinese investors bidding up asset prices to get their money out of their country regardless of the potential loss. It's a vicious cycle of inflationary forces creating paper wealth that will only be seen as the charade it is when the rug is pulled and there are not enough buyers anywhere near the price levels of today
@MeJonTheDon for us, it's our idiot Prime Minister who indiscriminately more than doubled immigration rates over the last few years. Government spending and overtaxation has been a disaster too. There is no tax that this government doesn't love and it's driven the cost of everything up. Now inflation has finally cooled off but it's mostly due to everyone being too poor to buy anything now. Gdp per capita has been dropping for 6 consecutive quarters.
Yea but atleast you can get curry on every corner now@@joe97nsx
It really feels like the only thing to do is just horde cash. It crazy when "upper class" people can't afford to buy or have to get a kick down from their parents.
If prices are falling, that only means they will be at their actual worth instead of some over-inflated value.
One day!
That’s why I am surprised to see a celebration of depreciation 5 months into the ownership. I don’t get it.
That's interesting. Why would a fallen price be considered its "actual" worth and not the price you deemed "overinflated"? I would submit that whatever price one is willing to pay determines its worth.
@@terrymoten1222tell that to all the banks that wrote loans for well over actual value that are eating all the repossessions now. Who will probably be begging for bail outs at our expense soon.
@@terrymoten1222 because the price of the vehicle is the vehicle the automaker and dealership charge you. The actual cost is significantly cheaper.
Great episode guys, really enjoyed this one.
stop watching podcasts and go build that viper and mustang
The only issue I have with all these "why not features" comes down to price because a good number of us want the car as cheap as possible and don't want to pay for a ton of features we don't want/need to drive a car
I adore my 20yr old over 260k Toyota Sienna. She is such a work horse. I just maintain her well and get every repair at the dealer. Don’t come for me using the dealer for repairs. Aftermarket generic replacement parts have screwed me before, the quality is no longer there. My minivan may only be worth $500 but the body is fabulous and a used car costs more than even major repairs. I think all cars made after 2011 are 💩 anyway. I went over 250k before major repairs on major original parts. I took my old Volvo station wagon to 1M miles and I think the Sienna will go the distance 😊
I had a conversation with a Porsche dealer just the other day. They offered me an allocation on a GT3. The only caveat is, I have to lease a Taycan turbo about a $60,000 value. When I asked them why, they said that they cannot move the EV inventory in any other way. Macan EV are not selling at all, they said.
Yeah Tesla and Rivians are the only ones that arent garbage and everyone knows it.
That is why you get a GT3 in the second hand market, no point in getting a new one, considering you need to be a top Porsche customer just to be considered for one
I still remember when people said the Taycan would kill the Model S. 😂😂
That’s hilarious
Bro... DON'T EVER BUY ANYTHING NEW especially vehicles.
Obviously unless you just don't care and have money to waste! Granted they DO hold value but everyone builds their different so your configuration someone else might not like.
Im a saying this because I own a high end car rental business and boy the amount of money I'm losing with these new cars are INSANE!!
I'm literally considering changing my WHOLE business model now 🤣
Mind you... I actually make money with my cars, you literally have a 130k+ car sitting in your garage. And when you DO choose to go out on the weekend you'll be paranoid hoping no 9ne scratches it 😂
Thank you for the timestamps!
Sure thing!
Mandatory breathalyzers and cameras? Brother, you have been living in California far too long. There is nothing wrong with insurance companies monitoring with their own devices, but to mandate breathalyzers and cameras is WILD, using your terms… tyrannical intrusion of privacy and anti-American in my terms
I just purchased my Hyundai Ioniq 5 and holy crap. I'm never going back to a gas car again. There's so many amazing things about it that put it above gas cars on the market right now. I look forward to seeing more people switch over
Been in the automotive repair industry all my life. The labor and parts cost are only going higher. The volume of labor talent won’t be around in the next decade either. Something to think about when buying these high end cars.
The cars are getting more complex and the techs are getting dumber. Scary times ahead!
@@oimfc37 Start blaming bean counters and engineers for purposely designing stuff for high repair costs. Relatively common repair on EVs are high voltage contactors which the part costs $65 BUT you have to drop the battery pack as a whole costing $1k to $1.5K
@@RP-hn1qc also blame 80% of the consumers who buy vehicles for their over reliance on that very tech because they're utterly shit drivers.
My mom bought one of those fancy EV they talk about, the battery broke and they dont have the part available. She has been using my backup 99’ toyota Camry for over a month now😂
@@alfredonski which car, model, and year was the EV? Been contemplating getting one for around town use but been getting cold feet
"I can't justify losing new car money". The most relatable phrase Doud ever said. Thanks. I have only had one new car, a 1982 Subaru. The rest were used, many others brands including 4 Corvairs, 3 BWMs, 4 Porsches and 4 Volvos. and many other one offs.
I recently learned this the hard way.
Yes it nice driving a new model car that literally dropped months or weeks ago.
However losing OVER 50% is INSANE and stupid!
I own a high end car rental business and for example i bought this year the new BMW X7 fully loaded m package.
The car came to 87k because I have connections, HOWEVER by the end of THIS year 2025 the car is already worth 50k😂
This is just one example and mind you it have over 20 different vehicles
New Carrera GT in 2004 - $448k. If you put that in the S&P at the time it would now be worth $3.5m, so no it didnt beat the market.
car bros will round up by the million to justify their purchases, classic.
Correct
He said it beat the market from the second owner
S&P 500 - especially if you reinvest dividends - will beat virtually all other "investments".
@@gregsmith5132 who is arguing that?
Most awesome guest 😎
Thanks!
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and :nvesting with her has been amazing.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@สมรักษ์อินทร์ตา-ม7ฑ Sarah Jennine Davis is highly recommended
You most likely should get her basic info when you search her on your browser.
@@mayor-o1wHow do I access her ? I really need this
+156
Like clockwork. Rates go down, car prices go up. Rates go up, car prices come down.
On net rates fell from about 1980 until a couple years ago. That trend is over. Now they will rise for decades. However we are currently due for a countertrend pullback that could take rates lower for a year or 3.
Not really. Car rates were extremely low in 2018 and prices were low too.
It still bothers me how normalized car financing has become. It shouldn't be normal to finance a car. GM should be an auto company but it's actually a financial institution. My first vehicle was $500. My second vehicle was $1200. My third vehicle was $11k. My first NEW vehicle was $45k. None were financed, and all worked good-enough.
Rates down, fraudulent PPE loans, stimulus from covid, cars go stupid brr.
@@gamesguy soo true, i ended up buying a corolla and rav4 before the pandemic at zero financing and at MRSP, during the lockdown Lexus was offering zero financing for a rc-f i guess i'll never get that again :(
19:00 God...hearing people bring up solar panels on vehicle roofs or solar roads just proves how little you actually know about this subject. The sun literally doesn't produce enough energy in the area of a vehicle to appreciably charge an EV, and solar roads have so many issues that they're a ridiculous concept. Of course the immediate "Oh you want the government to do that..." comment proves how little you know about infrastructure too.
He meant the chargers, those apparently work without the power loss seen with phone types.
Ppsstt....listen closely... every invention created was preceded by a 'know it all clown' who said why it couldn't be done. Thank God nobody listened, otherwise we never would have gone to the moon.
@ You’re just as ignorant and even more arrogant. You don’t think firms have looked into solar roads? Of course they have. And they’ve always failed. For many reasons.
Also, the cap on solar efficiency per square meter is fixed on Earth and not changing. You should actually learn why these ideas are garbage instead of smugly saying I am dismissive of these clowns without reason.
Unless you made the car more efficiently. Like way more efficient
I'm 19 minutes into it. I have to turn it off. They are so uneducated about energy it's Insaine.
New model Y is super reasonably priced especially with the 7,500 credit. Bought one a year ago and was thrilled to see the lower prices. Barely more than a used one.
The insurance on a Tesla is criminal
@ If you get it directly through Tesla it’s extremely reasonable.
EV tax credits make them seem more reasonable, but if you regularly owe Uncle Sam $7500 every year, you have bigger problems. It's not tacked onto your potential refund during tax time, it just lowers your liability by up to $7500. So unless you took long/short term gains during the prior year in order to buy the car, and use the $7500 credit to indirectly reduce your capital gains tax, it's not as straight forward as one may think.
@ Thanks for sharing. I’m not an accountant. I just know I’ve bought 2 over 10 years and each time received $7,500. But my accountant does the taxes. Between the cars and solar we put in it was huge savings
@@MD-pz3cntax accountant here. The $7500 tax credit has nothing to do with if you have a “refund” or not. The credit is based on your tax liability for the year. Said differently, if you withheld $10k for federal taxes through the year and your tax liability was $8k you would end up getting a $9,500 (with the credit) refund and instead of $2k refund (without the credit).
Wow Kennan and Filippo really had a glow up
A company with the power to remotely disable your vehicle and track everywhere you go is a power to tempting for a government not to exploit. Dont give up your privacy and autonomy so easily because it is cool or fast...
That is every car make now. Every. Single. One.
51:33 sounds like these ideas are beginning to impede on people’s freedoms and privacy. I’m always going to be watched in my car? Jesus, sounds like anxiety.
Really pisses me off that they have slower speed limits near schools. They shouldnt set speed limits. This is the country of freedom 😡
As a tesla employee who makes the model Y, this episode felt like a shout-out
As a Tesla shareholder I just want to say… 👏 👏 👏
@@AdamWeatherall As an elon hater, I wanna say you only use government money to make these cars
@@Oaky at least you admit that you are biased.
@ Cringetastic !
@@Oakythis is 100% the fault of Democrats as they were the ones who introduce the electric car subsidy and reinstated the subsidy once Trump left office for the trillion dollar car company. As a Tesla owner I make too much money to be receiving a $7500 tax credit.
Middle class car prices really aren’t plummeting. Wish it could be spoken into existence.
Jay Leno said on one of his shows, that he doesn't hand over keys to a Valet Driver. No way. 20 million car? Yep. No way.
Jay doesn't let valet drive ANY car no matter how cheap it might be. He is wise.
One of the few podcasts I watched fully! Great episode!
2024 Model Y owner here and it has been the best car I have ever owned. I am a Real Estate Agent and the range is plenty for me to show homes, hit the gym, and take my kids to practice all in one charge. And damn is it fun to drive. 🤯
lobe it for u, just want the govt to stop screwing with ICE cars. You drive your amazing EV and lemme drive my toyota RAV4
@@Bigwheels161616i have a rav4 and a tesla. No government has given me any problems. What scary world are you living in?
The best interview ever felt like a total conversation love it
A 1990 Honda Civic MSRP was $10,450, or $25,878.35 in today's money.
A 2025 Honda Civic starts at $25,400. And you get a lot more car than you did in 1990.
Car prices aren't all bad.
Ur not including dealership fees aren’t you
@@rxklastz1770and bullshit addons
I’ll argue that you get a lot more car than any 1990 ACCORD and those weren’t $10,450
Now do wages vs expenses ratio from then and now and see how your reasoning doesnt matter
@@rxklastz1770you're right, he didn't also include the 1990 dealership fees. Fees have always existed so adjusted for inflation, it's still the same. The issue is people buy cars with stupid dealership add ons and mark ups , blame those people for the new norm.
Before you buy that Plaid you might want to get an insurance quote. In fact before you buy ANY new car you might want to check out the insurance cost. 😬
My jaw dropped when I asked how much to insure a Rivian R1T
alreadying pay a shit ton with a chevy cruze and honda pilot. cant get that much worse lol
@ It’s really obscene. More technology more cost.
Good advice. Also, if you get a Tesla, get a quote from Tesla insurance. It was 60% the cost of other insurance when I called around.
@@joshb.1118 Unfortunately Tesla Insurance is only in a few states, and you're monitored immensely more than traditional insurance
I could listen to this for 7 hours. Not even a car guy. incredible
16:11 “I would let capitalism sort it out”👍👍
Facts I don’t why he said that was an unpopular opinion
All the whining about incentive uncertainty was a turn off, but he eventually got the right answer.
Government should stop oil subsidies too then if we wanna let capitalism sort it out
22:06....Pause. I'm in the same boat Doug. I've done multiple 13-14 hour solo trips non stop with only stopping for fuel. And a couple with people in the car. You're on point with this. I have found though, what makes it easier for me is windows cracked, podcasts on, start around midnight after 4-6 hours of sleep and run through the night.
I financed a 2017 Buick Verano Sport with 55k miles in 2018 from Enterprise for $15k. Its MSRP was $22k. By 2021 I was seeing the same car selling online for nearly $30k. I wish I’d have taken advantage of the market. My only fear was that $30k would barely be enough to get another decent car that was newer.
I have been waiting for this specific episode for a while. Thank you for finally making it happen
Great interview Doug. Nice to have extra garage space, but odd to pick an office without natural light.
Cheaper to own and more reliable?
They are unbelievably unreliable and expensive to own.
You would be mad to buy a car from a mobile phone company.
EVs have been around for 100 years and it never works. And it never will.
DOUG IS THE TYPE OF GUY TO GO ON THE ICED COFFEE HOUR PODCAST & NOT DRINK COFFEE
As a long time viewer of both channels this is one of the most valuable conversations I’ve ever listened to on UA-cam or any other platform. Thank you to all three of you for taking the conversation into a wildly different direction I thought it would go. I am saving it to rewatch many time again. There are a lot of golden nuggets in this video. Thank you.
These streamers have forgotten or never knew what work looks like to obtain money. Their lavish incomes for running their mouths and spewing their opinions are not realities for the people who actually provide the very things they discuss. A 33K car is not cheap. I bought a new car for that price in 2020. For most people a cheap car is under 5K and used. I remember when Doug Demuro was so wet behind the ears that he was fascinated by a quirck called an ashtray and lighter in a car.
Great podcast boys. Keep them coming!
Two of my favorite UA-camrs!
Woohoo!
Wow amazing interview. I have been following Doug since the beginning of his UA-cam career and I love the insight into his life. The questions where very well executed 👍🏽
I can listen to Doug talk for 10 hours this was excellent
Guys, great interview. Doug is a wealth of knowledge.
The values aren’t plummeting
The bloated prices are no longer selling
I'm sorry but this intro was next level! PERFECT
I got a ticket in Switzerland for going 2.3 mph over… the bill got to my address in the U.S. before I even got back, will never pay it.
Then you better never come back to Switzerland. Just a word of caution.
2.3 mph over, that is big brother watching and liberalism at it's best.
What happens if he does? Jail time? @@ph3733
I paid $800 for going through a red light because I thought it would stay yelloe and the camera clocked me at 0.25 seconds...
@ Switzerland is for sure not liberal. They just don’t want the rich idiots to endanger their citizens and use their small, curvy country as a race track for the rich. I live in a small rich town in a suburban area and the police is ‘encouraged’ here to do the same. They pull you over when you go over 3 mph in their 25 and 35 mph zones. Guess what? Everyone learned the lesson and everyone is driving 25 max.
June 2020, I managed to get a 2018 Honda CRV with 16,000 miles on it and out the door for $22,400. I still have it and I love it. It never seen a shop yet and still runs great and now it has 122,000 miles on it. It also does everything I want it to do. It’s about buying at the right time, do your research, and learning exactly what you want in a car and what you are going to use it for. That’s how to make a happy purchase of a vehicle. After that be satisfied with your vehicle and use it until the wheels fall off!
2 hours of solid entertainment on snowy Midwest Sunday is what life's all about 💯
What a well executed interview. Thoughtful questions. Well prepared. Well done!
18:06 the Chinese EVs are so cheap cause of literally a few 100B in direct financing and subsidies - and restrictions on foreign competitors bringing their products in without a domestic partner...
We arent eilligm to subsidize to that extent...if we did we could have it that "cheap" too
EV never was the future. The nation's electrical grid cannot support even 15% of cars being electric, or even 5% of heavy duty trucks. There is not enough lithium in the world to go all electric. An EV is totaled after 5 years since the battery needs replacing and exceeds the value of the car. This means they are not cheaper than ICE which can run for decades or indefinitely, since the EV must be replaced entirely every few years just like a cell phone.
"Fossil fuels" are not going to run out, they are renewable since oil comes from decomposing organic matter. Oil wells we pumped dry have refilled themselves after just 15 years since organic matter keeps decomposing and creating more oil. It doesn't take millions of years to form from dead dinosaurs, the propaganda we were all told.
One volcanic eruption produces tens of thousands of times more pollution and "greenhouse gases" then humans have in their entire existence. Ice ages come and go without human influence. We have no effect upon the planet's climate, those who believe man affect the change of the climate believe this for religious reasons, not science. Man made Climate change is a religion pushed by politicians so they can gain power, and EV corporations so they can get money.
Conspiracy theory, the belief that no politician or corporation has ever plotted or lied to gain money and power.
EV will never be more than a small share of the luxury car market. The amount of propaganda Doug believes is stunning.
who threw in the tennis clip that beams the lady LOL
A lot of good information here!! Great podcast!
How about a car company that is built to be fixed easily. Imagine the promotion for cost of ownership and availability of competent mechanics.
1:27:47 the pain in Doug’s voice when he says he doesn’t park the carrera GT anywhere 🥲 a true car enthusiast
This was a really good video! Thank you everybody.
Wasn't expecting this one, Doug is a good collaboration
Thanks for watching!
This episode was awesome guys! And loving the new thumbnails 🙌🏻👏🏻
Thanks you glad you liked it!
47:28 my last 2 C8 corvettes have had a PDR (performance data recorder) & dash cam.
Even the C7s had the available option.
Interesting back, side and front story🎉
Happy New Year 🎊
You too!
These questions were excellent. Really well thought out and good discussion. 👍
Doug is the type of guy.... that.... does... something, idk.
What a great podcast. The peace and serenity, the depth and yet the simplicity.
I'm. A huge EV advocate, however Demuro is correct. They need to be competitive in the market without incentives. Let the market, aka the people, decide. Incentives are a crutch and ultimately cause Long term harm to those who can't compete, and resentment of people feeling forced. As usual, less Government is better for all.
Transitions are always very very difficult especially for manufacturers. Incentives are there to ease the difficulty and they are intended to be temporary. This transition is particularly difficult because we are in an age of misinformation. EV’s will prevail because they are the best solution but this will only become absolutely clear when their range equals or surpasses ICE and it will happen within 10 years.
@@stevevarga8621take out the incentives now. EVs are only better in smaller circumstances.
Agree, end ev incentives and end gas subsidies
Along with ending subsidies, My belief is we also need to let capitalism work. No more automotive company bail outs. There will be disruption however even in bankruptcy they assets will be acquired, at a discount without many of the liabilities weighing down the company allowing, at least in theory, the company to operate more nimbly.
I’d love to have Doug review my car. Fantastic podcast. Happy New Year
Plummeting? Have u actually been to a dealership?? 😂😂
these idiots have been selling this lie for 3 yrs now
This is my favorite Iced Coffee Hour episode, Love the guys, love Doug, love cars. This was so much fun to watch. Thanks, guys!
I hope the reason Ferraris are dropping in image is because everyone is sick of their shit. The company and their policies are a bunch of pretentious douchebags. You can't modify your ferrari even visually. Even in video games, they limit you from changing the car or have no damage because of their bs.
Yeah, even Jay Leno said he would never own a Ferrari because of all their pretentious rules. I don’t know how you could tell somebody to do with their car, that they own.
I just sat through this entire interview without knowing it. Nicely done guys.
If you live in a home and rarely drive over 100 miles in a day, a used Tesla is hard to beat at these prices and with their convenience. You free up so much of your time never having to stop for gas and reducing maintenance by 90%.
Topping up takes literally one minute...
Nothing against Tesla, but that's actually a more perfect use case for PHEV.
Stopping at a gas station takes bout 2 minutes lol, my Corolla goes up to 5k without any maintenance, far more reliable than your electric junk.
@ yes plus the detour, stopping, paying, sometimes in not so safe areas, at night, etc, as opposed to waking up with a full “tank”.
@ those are good but you still have the maintenance and expenses of an engine
Loved this! Doug was awesome to listen to. Definitely came for the content but you guys covered a lot of interesting topics beyond cars as well.
The added photos and videos are great!
19:45 There is a very interesting Ford concept from the 50s that had a nuclear reactor on board. The Ford Nucleon was a concept car that was only build on a small scale and never actually fitted with a working reactor. It would have used a molten salt reactor at the back that would have never had to be refueled. I think there are better ways of powering a car with nuclear energy, In france a lot of cars are already running on nuclear power. 70% of their electricity grid is nuclear powered, so many EV's there are atomic cars haha.
I’ll speak up and say the most attractive feature (for me) of cars and bids is that it’s always cars I want to see. Even if it’s not my kind of car- it’s cool. I understand the fear that one may be losing business with the mass market cars- but you’re not. There’s eBay for that. Don’t try to be eBay. You have an excellent niche product for a specific audience. Serve that audience. My congratulations to Doug and Graham for the successful ventures, thanks!
I can’t tell prices are falling. I sold a Lamborghini yesterday and it went for $50k more than predicted on BaT
There are no car prices falling.
@@RedLeo-pf9yolol you're laughably wrong
Great discussion. Doug, I know the LX570 isn’t your favorite but I got mine preowned and put on 18” EVO corse darker zero wheels with Toyo open country ATs. I love it.
Such a great podcast! I have followed Doug since 2014 and Grahpm since 2017. My heroes
16:15, as an EV owner, I agree in letting the free market decide....BUT keep in mind that reminds removing tariffs. We currently have 25% battery tariffs and 100% EV tariffs on certain imported EVs....that's right, the tariffs can literally DOUBLE the price of an EV from some places. So I'm all for free market, but if we get rid of incentives, we should also remove the tariffs.
Unfortunately, China has leapfrogged the West in vehicle production so hard that it becomes a national security issue. Chinese EVs would obliterate all OEMs if allowed to come in unabated. Tens of thousands of Americans would lose their jobs, Ford, GM, Tesla, Rivian, and would have significant sell offs.
That manufacturing capacity will never come back so long as Chinese labor remains cheap. When China kicks off WWIII, our manufacturing capacity will have been gravely diminished. They can already outproduce drones by orders of magnitude.
@@garythecyclingnerd6219 but in that case we should keep EV credits and incentivize people to buy EVs. Right now all Trump is doing is giving China a massive advantage on improving its EV pipeline so that it will dominate the global market, other than Tesla. If you want to make it entirely a free market, drop the EV credit, end the tariffs, and end the oil subsidies as well and let the chips fall as they may. The fact that China may be ahead of the US in terms of EV is a compelling need to supercharge the US EV industry so we can compete. Right now Trump is just going to handicap the US EV industry for the next four years until we have another Democratic president who is going to have catch up on four lost years.
@@mikeshafer there are no oil subsidies, every country with crude oil in the world is enriched by the oil production. Stop believing the lie that the US has to subsidize their oil industry where everywhere else in the , the oil industry subsidizes the economy.
Look at Norway, they financed their EV revolution with the money they made selling their oil.
That would be nice for prices, but not nice for slave labor and human rights.
@ look it up. Ask ChatGPT. The US subsidizes the oil industry to a tune of over $20B per year. Open your eyes son.
Interviewing doug demuro while being sponsored by range rover is crazy to me you guys are living your best life lol
I have a convertible and can confirm enthusiasts always hate the convertible 😂
Why?!
@TheIcedCoffeeHour lack of rigidity and/or convertible top problems.
@TheIcedCoffeeHour they hate it till they get a ride in it on a nice day.
I've got a crappy Geo Metro convertible... and on the good days with the top down you can almost overlook that it can't do 55 up a hill....
Also they are bad in winter and bad in summer. You can really enjoy them just in moderate temperatures
Graham;
I, like you, have loved Doug’s videos for years. Thank you for putting this out. This was the most entertaining video I’ve watch in 6 months!!
@17:45. Doug is completely wrong when he said "China is adopting without significant credits." The CCP has been subsidizing the automakers with lots of money, and consumers are getting the cars at below the cost.
And American OEMs have gotten more federal dollars than any Chinese OEM.
@ yup. Not limited to automakers but across all industries and segments. Look how much Boeing and Microsoft got from states for moving their HQs and from the feds for gov contracts.
They also require permits for highways and flag people for randomly covering long distances on cars, which limits driving distance and eliminate range anxiety
Amazing how Doug talks about letting capitalism solve it when talking about EVs, and then mentions Chinese EV companies, ignoring the fact that they receive far more government subsidization in many different forms than EV makers in the US, by a long shot.
He likes cars, but dude is not that smart.
Yesss, looking forward to this one
Thanks!!
I really enjoyed this podcast. Getting to listen to Doug and hear that he has made it in life was pretty satisfying to listen to. I don't make it through most podcasts ever, but I really enjoyed this one. I have been watching Doug since the Ferrari days.
17:16 Not Doug talking about Xiaomi like they're some small little startup lmao. They make phones, watches, electric scooters, TVs, kitchen appliances, power tools, projectors, air compressors, luggage, security equipment, vacuums, and about a thousand other products. Xiaomi is worth almost as much as Sony lol
Literally all of that is irrelevant. None of that helps at all with the engineering and manufacturing expertise you need to build a car, even an EV, and going from 0 street cars to an actually good one in 3 years is absolutely insane
He's not saying they're a startup, he's saying that they're a startup in the car space. Which is accurate. You don't see Motorola, Apple, Sony, Samsung or other big electronics manufacturers getting into cars. That's a big shift. It's typically easier to go the other way, like many Japanese companies did coming out of WWII and then transitioning to cars and tractors before getting into electronics.
Irrelevant... Apple tried to do a car and gave up.
@@RyneLanders both Sony and Apple did make EV prototypes. They just never brought them to market.
@chadh6815 semi-correct, which only furthers the point that OP playing this off like it's no big deal just further highlights the fact that it's a big deal.
So glad I found this channel
49:08 The rearview mirror camera is patented. The reason why you don't see cool features from one brand being integrated into other brands is because most of the cool features are patented and the companies don't license them to each other.
I like how they casually talk about cars sharing information to lower insurance premiums when cars already share your information and customers aren't getting any benefits out of it. Car companies are just making money selling our information.
I’ve been wrapped up in CFB and haven’t watched Doug recently. Digging the beard Doug, now you really can knock out an engine swap over the weekend with a couple cold ones
Yea, but I miss the authentic nerdiness of the shaven “no-style-do-I-have look”.
Between TST and ICH, Dougcasts are always the best.
Amazing podcast just finished watching while walking my cat thanks for posting
lol what?
Classic
Walking your cat ???