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EP. 115 Muffy Bennett  — "You Cannot Do It Alone"

EP. 115 Muffy Bennett — "You Cannot Do It Alone"

Femcanic Garage Sep 20, 2023 47 min
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About this episode

Muffy Bennett, the CEO of Bennett Automotive Specialists, shares her inspiring journey from a paralegal to a leading figure in the collector car auction industry. She emphasizes the importance of community and mentorship, recounting her experiences of overcoming challenges as a woman in a male-dominated field. Muffy discusses her passion for cars, the significance of surrounding oneself with supportive people, and the necessity of taking risks to achieve personal and professional growth. Her story highlights resilience, empowerment, and the value of pursuing one's dreams.

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Company

Bennett Automotive Specialist

"Muffy is the first lady of collector cars in the CEO of Bennett Automotive Specialist. After a fulfilling 17-year career as a paralegal, Muffy took the wheel in the world of cars and auctions."

Bennett Automotive Specialist is a business that works with collectible cars, helping to fix them up and sell them at auctions.

Company

ASAA Auction Company

"She became the operations director at ASAA Auction Company, and in 2013, Muffy was called upon to open a retail facility for Barrett Jackson collector car auctions."

ASAA Auction Company is a business that helps people buy and sell collectible cars through auctions.

Company

Barrett Jackson

"...in 2013, Muffy was called upon to open a retail facility for Barrett Jackson collector car auctions. Then in 2017, she led the charge at Richie Bros. Auctioneers..."

Barrett Jackson is a famous auction house that sells collectible cars, often featuring unique and classic vehicles.

Company

Richie Bros. Auctioneers

"...she led the charge at Richie Bros. Auctioneers, the world's largest auction company, launching them into the collector car auction niche."

Richie Bros. Auctioneers is a big auction company that sells many different things, including collectible cars.

Term

investment

"I said to him, you know, if you're buying a car as an investment, I said, please don't do it."

An investment is when you buy something hoping it will be worth more later. In cars, some people buy special cars thinking they can sell them for more money in the future, but it's not always a sure thing.

Concept

collector car

"Now, there are some cars that will go up, but the whole industry generally speaking is very fickle. If you're going to buy a collector car, buy it because you love it."

A collector car is a special type of vehicle that people buy because they love it and think it might be worth more in the future. However, the value can change a lot, so it's not always a safe investment.

Car

Mazda Protegé

"I took $247 or so give or take my dog a handful of clothes. And I jumped in my Mazda Protegé and I left."

The Mazda Protegé is a small car that Mazda made for several years. It's known for being a good option for people looking for an affordable and reliable vehicle.

Term

V8 engine

"...it's got a V8 car engine in it. This bike is just huge. It's not like a Boss Haas bike..."

A V8 engine has eight cylinders arranged in a V shape, which helps it produce a lot of power. It's commonly found in powerful cars and trucks.

Company

car auction company

"...he worked at a really large collective car auction company. He was a general manager at the time..."

A car auction company helps people buy and sell cars by letting them bid on vehicles. It's like an auction where the highest bidder wins the car.

Concept

light restorations

"...I used to buy cars and do light restorations and then turn them, resell them..."

Light restorations are small repairs or updates made to a car to make it look better or work better, without completely rebuilding it.

Term

dealer's license

"...I needed a dealer's license. So I started up a company in 2006 called Bennett Automones Specialists..."

A dealer's license is a special permission you need to legally buy and sell cars as a business. It helps make sure that dealers follow the rules.

Company

Ritchie Bros.

"we were asked by Ritchie Brothers to come out and start up a collective car sector for them."

Ritchie Bros. is a company that sells things like cars and equipment through auctions. They let people bid on items, and the highest bidder wins, with no minimum price.

Term

auction consulting

"We also do auction consulting. We help folks liquidate cars."

Auction consulting is when experts help people figure out how to buy or sell things at auctions. They give advice on how to get the best prices and make the process easier.

Car

Volkswagen Beetle

"who had a Volkswagen Beetle. Now here's your background information. I at one point held a racing license. I ride a motorcycle. I drive an H1 Humvee. At the time, I had a Corvette."

The Volkswagen Beetle is a famous small car with a unique round shape. It was first made in the 1930s and is known for being very popular and recognizable.

Car

H1 Humvee

"I ride a motorcycle. I drive an H1 Humvee. At the time, I had a Corvette."

The H1 Humvee is a tough vehicle that was first made for the military. It's built to handle rough terrains and is also available for regular people to drive.

Car

Chevrolet Corvette

"I at one point held a racing license. I ride a motorcycle. I drive an H1 Humvee. At the time, I had a Corvette."

The Corvette is a fast sports car made by Chevrolet. It's known for its stylish look and powerful engine, making it popular among car enthusiasts.

Car

Ford Fairlane

"supercharged from the factory, Ford Fairlane Skyliner. Some say they made 14, some say they made seven."

The Ford Fairlane Skyliner is a special car from 1957 that has a roof that can fold down. It's known for being rare and having a unique design.

Term

supercharged

"...that supercharged fair lane that I just told you about. Yeah. I said, where is that one going? He said, well, I got you a number."

Supercharging means adding more air to an engine to make it more powerful. It helps the engine produce more speed and strength when driving.

Concept

hammer price

"...what you mean by that. Okay. So when the hammer's lens down at auction, that is the selling price. And then there's an additional commission..."

The hammer price is the price at which an item is sold at auction, marked by the auctioneer's gavel coming down. It doesn't include extra fees that the seller or buyer has to pay.

Term

buyer's premium

"...because that includes the buyer's premium. Anyway, so about six months or so later,..."

When you buy a car at an auction, you often have to pay extra money called a buyer's premium. It's a fee added to the final price you pay for the car.

Concept

Batmobile

"But yeah, the Batmobile was definitely a highlight. I mean, how many times does someone get involved with a car? Just think if that thing could talk. Just the stories that would tell. I mean, Adam West Grove, it came from the original show. It was a concept car that George Barris bought from Ford for a dollar and turned it into the original Batmobile."

The Batmobile is Batman's car, which has been shown in many movies and shows. It's known for its unique design and special features that help Batman fight crime.

Brand

DC Comics

"But yeah, the Batmobile was definitely a highlight. I mean, how many times does someone get involved with a car? Just think if that thing could talk."

DC Comics is a company that makes comic books and stories about superheroes, including Batman. They created the Batmobile as part of Batman's adventures.

3 cars featured

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