2025 saw a dynamic shift in the collector car auction market, with standout sales and surprising trends. Hosts Doug and Tyler dive into the year's best and worst auction results, highlighting record-breaking sales like the $775,000 Ferrari 512 TR and the $603,000 Ferrari 360 Challenge Stradale. They discuss the impact of car specs on value, the rising prices of unique models, and the challenges faced by lesser-known brands like Panos. The episode also touches on the overall health of the auction market and personal anecdotes from their experiences in the automotive world.
The Audi S5 is a sporty car that offers a mix of luxury and speed. It's designed to be fun to drive while also looking good and being comfortable.
The Audi S5 is a high-performance variant of the Audi A5, known for its sporty design and powerful engine options. It combines luxury and performance, making it a popular choice among enthusiasts.
"Yeah, how many McLaren F ones I could buy with a hundred ninety three million dollars. You know how many I can buy with two and a half million zero."
The McLaren F1 is a very fast and expensive sports car made by McLaren in the 1990s. It's famous for its unique design and high performance, and it's considered one of the best supercars ever made.
The McLaren F1 is a supercar that was produced in the 1990s, known for its incredible speed and innovative design. It features a central driving position and a lightweight carbon fiber body, making it one of the most iconic cars in automotive history.
"...but Switchcast is endorsing a transport company. Whether you're moving a rare collectible, a high end sports car..."
High-end sports cars are expensive and fast cars that are built for performance. They usually have powerful engines and are designed to be fun to drive.
A high-end sports car typically refers to a luxury vehicle designed for performance, speed, and handling. These cars often feature powerful engines, advanced technology, and premium materials, making them desirable for enthusiasts and collectors alike.
"Oh, shoot, there's a TVR Tuscan speed six on here right now. Sorry, guys. Squirrel, the most beautiful, unreliable car that I really shouldn't ever own."
The TVR Tuscan is a sports car from the UK that looks very unique and is known for being fast. However, it's also known for having some problems that can make it less reliable.
The TVR Tuscan is a British sports car known for its striking design and performance. It features a lightweight body and powerful engine, making it a thrilling drive, although it has a reputation for reliability issues.
"And you know what? I've driven a manual Cayenne and it didn't excite me that much. I don't some ..."
The Porsche Cayenne is an SUV that offers both luxury and sportiness. It’s designed for people who want a big, comfortable car that still feels exciting to drive.
The Porsche Cayenne is a luxury SUV that combines sporty performance with practicality. Since its launch in 2002, it has played a crucial role in expanding Porsche's market, appealing to those who want a high-performance vehicle with more space.
"So I have a manual Volvo V50. It's got the five cylinders, got a wheel drive."
The Volvo V50 is a small car made by Volvo that is good for everyday use. It's designed to be safe and practical for families.
The Volvo V50 is a compact executive car produced by Volvo from 2004 to 2012. It is known for its practicality and safety features, making it a popular choice for families and daily driving.
"... this type of vehicle? I had a five speed manual Ford F 350 Super Duty. And I'm like, this is so cool."
The Ford F-100 is a classic truck that’s known for being tough and reliable. It’s a favorite among people who love vintage vehicles.
The Ford F-100 is a classic pickup truck that has been a staple in American automotive history since its introduction in the 1950s. Known for its durability and versatility, it remains a popular choice among collectors and enthusiasts.
"I had a five speed manual Ford F 350 Super Duty. And I'm like, this is so cool. I'm such a stick nerd because I got one of these."
The Ford F-350 Super Duty is a strong truck designed for heavy work, like towing trailers or carrying heavy loads. It's built to handle tough jobs.
The Ford F-350 Super Duty is a heavy-duty pickup truck known for its towing capacity and durability. It's often used for commercial purposes and by those who need a robust vehicle for heavy loads.
"An automatic is way better in that car as nothing to do with hills as nothing to do with anything other than. I don't want to shift that thing."
An automatic transmission shifts gears by itself, so the driver doesn't have to do anything. It's easier to drive, especially in heavy or big vehicles.
An automatic transmission automatically changes the vehicle's gears based on speed and acceleration, making it easier to drive without needing to manually shift. It's often preferred for its convenience, especially in heavy vehicles.
"So unfortunately for our friend, Dan, it seems that really good spec Aston V8 advantages have gone more than I have expected. So a couple of these have gone for for 50 grand."
The Aston Martin V8 is a high-performance sports car from a famous British brand. It's known for its stylish looks and powerful engine, making it a favorite among car lovers.
The Aston Martin V8 is a classic British sports car known for its powerful V8 engine and luxurious design. It has a strong following among car enthusiasts and is often sought after in the collector's market.
"So a couple of these have gone for for 50 grand. And that's now you can correct me because I'm not like super into this."
'50 grand' means fifty thousand dollars. It's a way to talk about how much something costs, like a car. So when they say a car costs 50 grand, it means it's quite expensive.
'50 grand' is a colloquial term for fifty thousand dollars. In the context of car prices, it indicates the amount someone is willing to pay for a vehicle, which can reflect its rarity, condition, and desirability.
"...it wasn't that crazy of a deal. But for the spec, it was what as Dan's looking for an Aston Martin V8 Vantage, he sent me a blue over red roadster..."
The Aston Martin V8 Vantage is a fancy sports car that has a strong engine and looks great. It's known for being fun to drive and is a popular choice among car enthusiasts.
The Aston Martin V8 Vantage is a luxury sports car known for its performance and distinctive design. It features a powerful V8 engine and is often praised for its handling and style.
"...it had 20,000 miles is listed for 40 grand. And not only was it blue over red, but thanks to Dan's amazing database, it was Tour de France blue Ferrari to sample with Chancellor Red interior."
The Ferrari Tour de France is a famous car model from Ferrari, known for its racing history and beautiful design. It's a popular choice among car collectors.
The Ferrari Tour de France is a classic model known for its racing heritage and distinctive styling. It is often celebrated for its performance and design, making it a sought-after collector's item.
The BMW M Roadster is a sporty convertible car made by BMW. It's designed for people who love to drive and want a fun, fast car.
The BMW M Roadster is a high-performance version of the Z3 roadster, featuring a powerful engine and sport-tuned suspension. It is known for its engaging driving experience and is considered a classic among enthusiasts.
"That's true. Specs. Specs are king. BMW M roadster. This was what I thought was a really g..."
The BMW M Coupe (E36) is a sporty car with a unique shape that makes it stand out. It’s known for being fun to drive and is loved by car collectors.
The BMW M Coupe (E36) is a unique sports car that combines the performance of the M series with a distinctive hatchback design. Produced in the late 1990s, it has become a collector's item due to its rarity and engaging driving dynamics.
"S 2000s are like 35 to 40 grand for a similarly low mileage car."
The Honda S2000 is a small sports car that seats two people. It's famous for being fun to drive and has a powerful engine that can rev very high.
The Honda S2000 is a two-seater roadster known for its high-revving engine and exceptional handling. It has a strong enthusiast following and is often praised for its driving dynamics.
"V tech four cylinder in the S 2000. I mean, I love S 2000s, but for 15 grand less, you get a Primo M roadster."
VTEC is a system used in some Honda engines that helps the car perform better at different speeds. It makes the engine more powerful when you need it and more efficient when you don't.
VTEC stands for Variable Valve Timing and Lift Electronic Control, a technology developed by Honda that optimizes engine performance by adjusting the timing and lift of the engine's valves. This allows for better efficiency and power across different RPM ranges.
"Yep. I think it's sold for less on P car market than the high bid was. I'm bringing trailer. So it was shady because we had talked about how,..."
Bring a Trailer is a website where people can buy and sell cars through auctions. It's popular for classic and interesting cars.
Bring a Trailer is an online auction platform specializing in classic and enthusiast vehicles. It allows users to buy and sell cars through a bidding process, often attracting a community of car enthusiasts.
"Like it's this is a like factory built rally car for the specific series that never ran. This car had like 8000 miles on it."
A factory built rally car is a car made by a car company to compete in rally races. These cars are specially designed to handle rough terrains and challenging conditions.
A factory built rally car is a vehicle specifically designed and manufactured by an automaker for competitive rally racing. These cars are built to meet specific regulations and performance standards for rally events.
"So in a few years, you could import it and it's like Metzger rally, like the nine and six and seven rally cars are so cool."
Metzger rally cars are special Porsche vehicles made for racing on rough terrain. They are famous for being fast and well-built.
The Metzger rally refers to rally cars developed by Porsche, particularly those associated with the legendary engineer Hans Metzger. These cars are known for their performance and engineering excellence in rally racing.
"Well, even if it wasn't street legal, once it's 25 years old, like people are importing 355 challenge cars and getting titles for them."
If a car is over 25 years old, you can import it into the US without having to meet strict emissions standards. This makes it easier for people to own classic cars.
In the United States, vehicles that are 25 years or older are exempt from certain emissions regulations, allowing them to be imported more easily. This rule is often utilized by enthusiasts to bring classic cars into the country.
"...people are importing 355 challenge cars and getting titles for them."
The Ferrari 355 Challenge is a special version of the Ferrari 355 made for racing. It has upgrades that make it faster and better for track use.
The Ferrari 355 Challenge is a racing variant of the Ferrari 355, designed for competition use. It features modifications for improved performance and handling compared to the standard road-going version.
"...just hand it to the DMV, Clark and be like, oh, it's more than 25 years old."
The DMV is the government office where you can register your car, get a driver's license, and take care of other vehicle-related paperwork.
The DMV, or Department of Motor Vehicles, is a state-level government agency responsible for vehicle registration, driver licensing, and maintaining driving records. It's where you go to handle all matters related to vehicle ownership.
"...it's not, you know, an awesome air-cooled car. But it's this kind of thing is almost there and people are going to go nuts..."
Air-cooled cars cool their engines using air instead of water. This means they don't have a radiator and are usually lighter and simpler, but they might struggle in very hot weather.
An air-cooled car uses air to dissipate heat from the engine instead of a liquid cooling system. This design is often lighter and simpler, but it can be less effective in extreme conditions compared to liquid-cooled engines.
"...the pre-owned market has kind of been reset to new highs this year. At RM Sotheby's, there was a blue over tan..."
RM Sotheby's is a famous auction company that sells rare and expensive cars. They hold events where collectors can buy and sell these vehicles.
RM Sotheby's is a renowned auction house specializing in the sale of classic and luxury automobiles. They are known for hosting high-profile auctions that attract collectors from around the world.
"...a blue Sarah over Crema, I'm sorry. 512 TR with less than 8000 miles that absolutely just blew the 512 TR market out of the water..."
The Ferrari 512 TR is a classic sports car from the early 1990s, famous for its speed and unique look. It's a favorite among car collectors and enthusiasts.
The Ferrari 512 TR is a high-performance sports car that was produced in the early 1990s, known for its powerful V12 engine and distinctive design. It is part of the Ferrari Testarossa family and is highly sought after by collectors.
"...a couple of transactions that did reset the market is the V8. So one transaction in particular, silver 360 challenge stradale on bring a trailer with 4500 miles sold for a massive $603,000 in September."
The Ferrari 360 Challenge Stradale is a special version of the Ferrari 360 that is designed for better performance on the track. It's rare and very popular among car enthusiasts.
The Ferrari 360 Challenge Stradale is a track-focused variant of the 360 Modena, offering enhanced performance and handling features. It is highly sought after for its racing pedigree and limited production numbers.
"And the Scuderia market seems to have instantly reacted to the CS market. As the best cars on the planet were just over 400k earlier this year."
Scuderia is a term used by Ferrari to describe its racing team. It signifies the connection between Ferrari's race cars and their road cars, which are built for performance.
Scuderia refers to the racing team of Ferrari, known for its high-performance sports cars and involvement in Formula 1. It often represents the brand's racing heritage and the performance-oriented models they produce.
"And the Scuderia market seems to have instantly reacted to the CS market. As the best cars on the planet were just over 400k earlier this year."
The CS market is about Ferrari cars that are made for racing but can also be driven on the street. These cars are usually more expensive because they are special and not made in large numbers.
The CS market refers to the market for Ferrari's Challenge Stradale models, which are high-performance versions of their sports cars designed for both track and road use. These models often command high prices due to their limited production and racing pedigree.
"And that's marked by I found a 2009 Ferrari 430 Scuderia in Rosso Scuderia with 1200 miles factory stripe and exposed carbon rockers."
The Ferrari 430 Scuderia is a special version of the Ferrari F430 that is designed for better performance on the track. It has a powerful engine and is lighter than the standard model, which helps it go faster.
The Ferrari 430 Scuderia is a high-performance variant of the Ferrari F430, known for its lightweight construction and track-focused features. It features a powerful V8 engine and advanced aerodynamics, making it a favorite among enthusiasts.
"...but I've noticed Cobra Fox bodies have like kind of gone insane. So there's one that had like 12 miles on it. So this is like absolute. Somebody bought this and chucked it in a warehouse went for $204,000. For a Fox body in teal, not an R, a regular Cobra, just SVT Cobra."
The Ford SVT Cobra is a special version of the Mustang that is designed for performance. It's popular among car collectors, especially if it has very few miles on it, like the one mentioned in the podcast.
The Ford SVT Cobra is a high-performance variant of the Ford Mustang produced by Ford's Special Vehicle Team (SVT). It is known for its powerful engine and sporty design, making it a sought-after collector's item, especially in low-mileage condition.
"... shrink wrap kind of situation, but I've noticed Cobra Fox bodies have like kind of gone insane. So the..."
The Shelby Cobra is a classic American sports car known for being very fast and powerful. It’s a favorite among car collectors and racing fans.
The Shelby Cobra is a legendary sports car that represents the pinnacle of American muscle and racing heritage. With its lightweight design and powerful V8 engine, it has become an icon in the automotive world, often discussed for its performance and rarity.
"...the Lamar winning Ferrari 250 LM for thirty five million. So a couple of very big, significant sales there."
The Ferrari 250 LM is a famous race car that won a major endurance race called Le Mans in 1965. It's very valuable and sought after by collectors because of its racing history.
The Ferrari 250 LM is a sports car that was designed for racing and is known for its success at the 24 Hours of Le Mans, winning the race in 1965. It is highly regarded among collectors and enthusiasts for its performance and historical significance.
"...edes for fifty one million and the Lamar winning Ferrari 250 LM for thirty five million. So a couple of very ..."
The Ferrari 250 GTO is a very rare and valuable sports car from the 1960s. It’s famous for its beauty and speed, making it a dream car for many collectors.
The Ferrari 250 GTO is one of the most sought-after classic cars in the world, known for its stunning design and racing pedigree. With only 39 units produced, it has become a symbol of automotive excellence and is often discussed in the context of its astronomical auction prices.
"...n Lamar outright. I know everybody loves the 250 GTOs, but this is arguably more significant. It still..."
The Pontiac GTO is an iconic American muscle car known for its speed and power. It was popular in the 1960s and is still loved by car fans today.
The Pontiac GTO is often credited as one of the first muscle cars, making its mark in the 1960s with its powerful performance and bold styling. Its significance in automotive history makes it a frequent topic of discussion among car enthusiasts.
"So the Cobra Vix Cobra Vix. And there was Taurus. S.H.O."
The Ford Taurus is a family car that’s known for being comfortable and roomy. It was very popular in the past and is still remembered fondly.
The Ford Taurus is a mid-size sedan that was popular in the 1980s and 1990s, known for its comfortable ride and spacious interior. It played a significant role in shaping the modern family car segment in America.
"I know. Speaking of BMW Z8s, there is a silver with red interior BMW Z8 on ..."
The Alpina Z8 is a fancy sports car that’s based on the BMW Z8. It’s known for being powerful and luxurious, making it very special.
The Alpina Z8 is a high-performance version of the BMW Z8, known for its luxurious features and powerful engine. Produced in limited numbers, it represents a blend of performance and exclusivity, making it a sought-after model among collectors.
"... and castor motor group when we went to get your GTV is like a four thousand mile car, which I don't ..."
The Alfa Romeo GTV is a stylish sports car from Italy that’s fun to drive. It’s known for its good looks and sporty performance.
The Alfa Romeo GTV is a classic Italian sports coupe known for its stylish design and engaging driving experience. Produced in various forms from the 1960s to the early 2000s, it remains a beloved model among enthusiasts for its unique character.
"...is is a guy who messaged us on Instagram about an M5 that we had for sale. Very rare spec. And as a c..."
The BMW M5 is a fast, luxury sedan that’s built for performance. It’s like a regular BMW 5 Series but with a lot more power and sporty features.
The BMW M5 is a high-performance version of the 5 Series sedan, known for its powerful engine and sporty handling. It has been a benchmark in the sports sedan category since its debut in the mid-1980s, often discussed for its blend of luxury and performance.
"...iries. It says, what's your bottom dollar on the G80? I said, we have five to six seriously intereste..."
The BMW M3 is a sporty version of the 3 Series sedan that’s designed for performance. It’s known for being fun to drive while still being practical for daily use.
The BMW M3 is a high-performance variant of the 3 Series, celebrated for its dynamic driving experience and powerful engines. Since its introduction in the 1980s, it has become an icon in the sports car segment, often praised for its balance of everyday usability and track-ready performance.
"...a squeaked by as a winner. Two thousand thirteen Ford Fiesta. Thirty four hundred and sixty six dollars."
The Ford Fiesta Active is a small car that looks a bit like an SUV. It’s designed to be practical and fun to drive, making it a good choice for city driving.
The Ford Fiesta Active is a crossover version of the popular Fiesta hatchback, designed to offer a more rugged appearance and slightly elevated ride height. It caters to those looking for a compact car with a bit more versatility and style.
"...re all just kind of really crusty at this point. RSX is used to be sweet, but they're all kind of not ..."
The Acura RSX is a small, sporty car that’s fun to drive. It was popular in the early 2000s and is known for its good looks and performance.
The Acura RSX is a sporty compact car that was produced from 2001 to 2006, known for its performance and stylish design. It has a strong following among enthusiasts who appreciate its balance of fun driving and practicality.
"...it was a eruption green GT 500 common color on a Bronco, but not so common on GT 500. And this is the on..."
The Ford Bronco is a tough SUV that’s great for off-roading. It’s designed for people who love adventure and want a vehicle that can handle rough terrain.
The Ford Bronco is a classic SUV that has gained a cult following since its original launch in the 1960s. Recently revived, it combines rugged off-road capability with modern technology, making it a popular choice for adventure enthusiasts.
"...ly sortable, but I did the quick math on Porsche 911s of all variants versus all BMW M cars. Okay."
The Porsche 911 is a famous sports car that’s known for being fast and fun to drive. It has a unique shape and is loved by car enthusiasts around the world.
The Porsche 911 is a legendary sports car known for its distinctive design and exceptional performance. Since its introduction in 1964, it has become a symbol of automotive excellence, often discussed for its engineering and driving dynamics.
"Okay. Cause that's kind of, I didn't include Caymans or whatever, non-MBMWs. And we sold more than th..."
The Porsche Cayman is a sporty car that sits in the middle of the Porsche range. It’s designed to be fun to drive and is known for its great handling and speed.
The Porsche Cayman is a mid-engine sports car that offers a balance of performance and everyday usability. Known for its sharp handling and engaging driving experience, it has become a significant model in Porsche's lineup since its introduction in 2006.
Select text to request an explanation
Okay, well, are we just going to start right off with what's fueling this podcast, or should
I do a proper intro?
Well, I like it when we just kind of fumble into the beginning of an episode.
Sure, no.
Or should I?
Welcome back to Switchcast.
Switchcast is hosted by your host, me, Doug Tabbot, and your other host, him, Tyler Sanders.
Not him, like him, in Smokey and the Bandit.
Nope, Cannonball Run, sorry.
Yeah, no, no, no.
It's just me.
Hi guys.
All the Reynolds movies.
Anyway, Tyler Sanders, and brought to you electronically through some wires and cables and
dongles.
Internet dongles and all that stuff by our producer, Ethan Huffnagle, who does a bang
up job, as they say, somewhere else.
Not here, but I just said it.
So, as we say, I guess, Switchcast is a podcast where we know what we're talking about despite
evidence to the contrary.
I think that's my favorite tagline of ours.
We've never been convicted, though.
We've been tried.
Oh, I don't know by whom or how, but we try really hard.
No.
All right.
What's fueling this podcast?
Whoo.
Thankfully.
Nice segue.
I've got some Christmas whiskey.
This was a gift from the in-laws.
This is some Holiday Soft Red Wheat 6-Year Bourbon.
I'm excited to continue drinking.
You got to pour it on, Mike.
Uh-oh.
Uh-oh.
Here, I'll help you out.
I'll pour.
Whoa.
Oh, no.
That is not large enough, too.
We had an accent here.
Okay.
Thankfully, corks work.
The one audio podcast exclusive feature that we do here on Switchcast.
Is the pouring and the uncorking.
That's my favorite part.
I hope it comes through.
Do you love a good cork pop?
It impressively is.
How is that wine?
It does in my mind.
Is the wine a good time?
The wine is a great time, yes.
So we have, I am reusing our fuel from last episode, Cabernet Sauvignon by Grand Napa
Vineyards.
They're 2021 reserve.
Delicious.
Very good.
Very smooth.
Yes.
You got some tannins in there?
No, not many.
No.
It's nice.
It's not going to give me a headache later on or tomorrow.
Which a lot of red wine does.
So that's why I like that boxed white wine now as I get old.
Boxed?
I'm going to cruise right past that.
We can talk about that later.
You have been teasing.
The other thing we're going to talk about later for our patrons only is our paid car
reviewers, legit or unfairly biased.
Yes.
But I want to know, Doug, the answer to that question, first of all, so I would be subscribed
on Patreon.
But you had something, some data, some money thing you wanted to rent about.
And you have been teasing Ethan and I all night.
Also only for our patrons and audio listeners is our warm up lap because before you go off
to the races, you've got to get all your fluids warmed up, your tires, your brakes, etc.
So they function properly.
Well, this rant is going to be the equivalent of me going out on my out lap and drifting
the car because I am fired up already about this.
And it is car related.
I'll explain why you may not understand in the first five to 10 minutes, but I promise
you will get there.
We will get there.
I was listening to watching a Dave Ramsey highlight on YouTube and somebody called in
who had purchased a whole life or universal life, basically the same thing, a policy for
their kid and essentially was arguing with Dave, wanted to say, well, Dave, you're all
wrong about whole life because Dave Ramsey, for those of you who don't know, he's a financial
guru, guru is kind of the wrong word because that implies that he's like got a Ponzi scheme
thing.
But anyway, he's a talk show host.
You obviously know who he is.
There's two million podcasts and he's rated number two in the world and we're like number
one million, nine hundred thousand, whatever.
So I don't know why we're on the same list, Doug, who Dave Ramsey is, the nobody saying,
have you heard of this guy?
Okay, anyway, I enjoy personal finance.
I enjoy learning about that stuff.
I used to have a whole life policy.
I cashed it in when I learned the amazing detail that the cash value, right?
The thing that you're paying into, the thing that is gaining a return, your quote unquote
investment, the investment part of this two headed monster where they put life insurance
and investing together and try to package it and say it's better than just life insurance
and an investment, right?
It's like the Audi S5 of cars, right?
It's not a good sports car and it's not a good daily driver, but it's mediocre at both.
So it's this great middle ground.
No, just buy a real sports car and buy a real day.
Anyway, OK, so I was trying to argue with Dave about why whole life is such a great
deal because Dave is just like completely anti-whole life.
They're ripoffs, people selling them are the only people that believe in them.
There's no real financial advisers that think they're a good deal, except the ones that sell them.
And I have debated some financial advisers about whole life policies and they stand by them
on three main principles.
One, the life insurance is not taxable, right?
So if you have an inherited IRA, you will pay tax on it.
OK, valid point.
But if you put your money into a Roth, it's not taxable and real estate inherited is also not taxable.
So like it's not the best argument in the world.
Because there are other avenues to do a non-taxable sort of like an inheritance kind of thing.
And then they're like, well, if you don't get to do the Roth thing, not everybody's
financially savvy or whatever, I'm like, well, but that's like saying because you
invested poorly in order to avoid taxes, you should do this.
Like it's not a fair argument, regardless.
OK, so that's the one thing that the second one is, well, it's also life insurance.
So I learned that the cash value, the investment that you put in dies with you.
So when you die, the life insurance company gets that money.
All that you've been putting into all that growth goes away.
But then they move the cup over here and say, well, you get the death benefit,
the quote unquote life insurance.
But that's a life insurance policy.
I've been saving and putting money into this quote unquote investment,
investing money for the life insurance company that sold it to me.
This is a wild scam that whoever came up with this is a genius.
But no, he's a garbage, but a genius.
No, but you can borrow against it.
You're borrowing from yourself.
Well, like I don't want to skip over the fact
that I don't know any of these numbers, but I'm guessing if you did this,
what they would call the quote unquote correct way is the money
that you have invested then it has grown is a larger amount
than the life insurance benefit, correct?
Yes, most of the time, very possible, most of the time, probably all the time.
And and the commissions that go to the people selling it are massive.
So I actually looked at like a amortization schedule, essentially
when somebody was trying to sell me one and they, you know, they do like a car dealer,
they go, well, how much can you afford to contribute?
So they put it on you.
Yeah. And so like, if you could do a thousand dollars a month,
here's what your investment will look like 20 years from now.
Now, there's a key thing.
You can't go online and just get a calculator
because the numbers are so bad, you can't go online and just be like,
how much should my whole life insurance cost?
But if you only pay the premium for whole life versus term life,
now, they'll argue a whole life is permanent.
Once you're paid up in the policy, it's there for good.
That's another one of their arguments, whereas term life is only
for a certain amount of time and whole life.
Well, if you have health issues or whatever, you can convert a term to a whole life
and you're still rated at the same health rating.
So like you can have permanent life insurance.
That's probably the only maybe positive of it.
But if you're again, if you're doing things right after 30 years of your term
fixed term life insurance policy, you should be self-insured.
Your kids should be grown up.
You shouldn't need life insurance after 30, 40 years of being an adult.
So, OK, anyway, if you strictly, if you don't do the investment portion of it,
you don't care about the cash value and you only are buying it for the life insurance.
It is, according to any place online, 15 times more expensive
than a comparable term life policy.
Oh, 15 times more expensive.
Holy moly.
Well, I guess we know where the commissions come from.
Right.
That's just for the life insurance portion.
That's not if like, oh, you're also putting money into the investment.
Well, if I put a thousand dollars a month into this investment
after after X number of years, they showed me this big number out here.
After the first year, guess how much my $12,000 contribution would be?
Oh, good.
No, approximately $1,000, $11,000 was commissions.
So not only are they robbing me blind, they're robbing me of all that future
value because the the the early contributions are the most important
contributions in any investment because of the compound growth.
Yeah, holy moly.
Right, holy moly.
So let's go back to this call.
And the reason I want to talk about it here.
Well, is this eventually, Doug?
I don't want to get ahead of you.
How does this relate to cars?
You'll find out.
OK, you'll find out.
We're on like lap three now.
It's just OK.
We don't even need any more segments.
This is just the rest of the podcast.
OK, so the reason I wanted to talk about this is because the guy called in
and Ramsay had all of his usual arguments against whole life, but he never
he never whipped out the investment calculator and just own the guy with numbers.
So here's the numbers of the guy who called.
So he started investing when his kid was born and he bought this policy.
He was fifty seven hundred dollars a year.
He would contribute until he was 13 and then the policy was fully paid up.
And the death benefit or the cash value essentially would be
like two and a half or two million dollars when he was 88 years old, his kid.
And Dave says, well, but that dies with you.
And he goes, well, no, it doesn't because they like re I can't remember the term
reinvest something, but it's not reinvestment.
It's the dividends that are paid to you, which you should put in your pocket
from this policy.
They use that to repurchase more insurance, which is them saying, oh,
your cash value doesn't die with you, but it still does.
You're just paying them an extra premium for it not to.
So you're just re buying the insurance all over.
So the money you put in that should be your growth that becomes theirs.
You're then paying them more money to get back.
Regardless, the death benefit, which is the quote unquote life insurance
from the seventy thousand dollars that he put in from age one to thirteen
is two and a half million dollars.
So the guy's going, oh, well, he's fully paid up.
He's got this two and a half million dollar death benefit.
Like we're good.
Like why would I not do that?
And he can borrow against it during the course of his life, which
that you shouldn't borrow against investments.
And that's what a frigging savings account is, right?
So they're defining it as a life insurance policy and an investment
and a savings account, whatever.
OK, the numbers.
This is this is staggering.
Seventy thousand dollars at age thirteen.
And he's bragging and saying that why he should do this
because they'll have two and a half million dollars.
At age eighty eight.
Well, and this also, and I think this is probably where you're going,
that amount of money sounded similar enough to the contribution limit
for Roth IRA, where you could put this money anyway.
And I don't know how old you have to be to invent.
Can you open a Roth IRA for like a child?
No, but you.
Yeah, they have to have earned income, but you could open up different
investment accounts or you could just open one up and then
give it to them as part of like your advanced estate
and you can transfer it to them tax free.
So you just wouldn't put it in their name.
So you would contribute to a Roth IRA and eventually transfer it
and just give it to them from.
OK, yes.
That's something you can do a tax free based on the unified
estate tax credit or whatever.
So it's basically like a pre inheritance. OK.
So. OK.
Seventy thousand dollars at age thirteen, two and a half million dollars
at age eighty eight.
Uh huh.
That's seventy five years of growth.
If we're using the average annual rate of return of S&P five hundred
index fund Dow Jones index fund.
So no like magic, no, just throw it in an index fund 10 percent annually.
Oh, Ethan is upset about this.
Do you want me to use nine percent?
No, here we'll do nine percent.
I didn't mean that. No, 10.
10 is fine. I think that's what they use on.
I think they actually use 11 on Ramsey.
So 10 percent seems good.
I'm being more concerned. Sure.
OK, this is past performance.
You can't argue with that.
That's what the stock market has done.
I'm not. I'm not. I'm not saying you.
I'm saying you.
I learned through me under the box for no one else.
You made a noise.
OK, well, the life insurance isn't taxable.
You can borrow against all these perks.
Two and a half million dollars from a seventy thousand dollar investment.
If you put it in a friggin index fund, it would be eighty nine million dollars.
Eighty nine million dollars.
That is how much the friggin whole life companies are robbing you.
And when my buddy tried to sell me whole life,
he was talking about how New York Life was like, you know,
this big building that billions in assets are so financially secure.
And I'm like, I know why because they're investing his seventy grand
and they're making the ten percent return and they made eighty nine thousand
dollars off of this sucker and then they paid him a measly two and a half
million dollars if he still even had the policy by that time.
Oh, they made eighty nine million.
You said thousand. But yeah, so they made eighty nine million.
They gave him a measly two point five percent.
Here's the crazy thing.
That's why. OK.
So if he had instead put if he had started.
So that's if he just at at his kids 13.
He's like, well, screw this policy.
I'm going to take my cash value while I still can and put it in the stock market
is his seventy thousand dollars would be eighty nine million instead of two and a
half percent. So you can make any argument about borrowing against it.
Tax shelters, whatever, I'll pay all the taxes on eighty nine million bucks for that.
I don't I don't care.
If instead he had straight up just started investing the fifty seven hundred
dollars a year into the same investment because that growth compounds as he's
investing, he would have a hundred fifty one thousand nine hundred sixty eight
dollars at age thirteen.
That because of the early growth that compounds.
At age eighty eight to one hundred ninety three million dollars.
And the rounding error, the rounding, the two hundred eighty seven thousand
is thousand is more than you initially contributed.
Your interest, your growth is one hundred ninety three million dollars of the
one hundred ninety three million dollars.
So I think.
Kids, what the whole life insurance policy costs you people.
You can make any argument in the world about all the gyrations you can do with
it in infinity banking, one hundred ninety three million dollars.
Well, I do think it just goes to show that you cannot argue with compound interest.
Whole life salesmen can.
But I think you need like, of course, because they they shower you with all
these other potential benefits and yada yada.
But it's like when it comes down to it, there is nothing more powerful than
compound interest.
And in order to take advantage of compound interest, you need to contribute as
early as possible and not to.
You know how this is car related.
Yeah, how many McLaren F ones I could buy with a hundred ninety three million
dollars.
You know how many I can buy with two and a half million zero.
I can buy zero McLaren's with a whole life policy contributing seventy
thousand dollars.
I love that's how it's car related.
I love beautiful Bravo.
Can this just be the page segment?
That was amazing.
Oh, gosh, and no notes, no notes.
When when you see that kind of financial injustice, it burns into your brain.
The numbers just sit there and you go, what the heck?
What the heck?
I just I have friends that are fully that sell this stuff that fully believe in
it. And I'm like, but the calculator, the calculator doesn't lie.
Well, that's if you if you invest perfectly.
I'm like, no, it's the same amount of money.
It's we're giving it to you or an index fund.
Why is it?
Maybe I just miss this.
Why are we going to age 88?
Because that I'm using the scenario of the caller because he set the numbers.
His scenario was I contributed fifty seven hundred dollars a year from age
whatever to age 13.
He said it was a $70,000 total contribution to pay up the policy at age 88.
It would be a two and a half million.
Like that was the scenario he was using.
So I just duplicate the scenario.
So there's no.
Oh, well, you changed it by this amount, whatever.
Like that was.
Yeah, OK.
One hundred ninety three million dollars.
That just goes to show that's why they can have these massive headquarters
and get people bought in and why they can pay huge commissions.
I wouldn't be surprised if the folks selling them believe in it
because they get a crap load of money for.
I would like to believe the people I know.
That sell it, I would like to believe better of them.
But I either have to believe that they haven't sat down with the calculator
or they are biased because I do.
Because of the commissions and I do genuine.
It's not just because of the pile of McLaren potential McLaren F ones
that could be in front of us.
It's like if you pull out the calculator, there is no reason
for that to exist at all.
It doesn't make sense.
It's it's legalized theft.
It really is.
I would be fine with whole life existing purely as insurance
because for people who have medical conditions that prohibit them
from obtaining regular life insurance or have aged out of it, you know,
like while it's too expensive to get term or I can't get approved for term,
or whatever situation like even Ramsay says, 99 percent of the time,
term is better than whole.
There is a 1 percent.
He's not an absolutist from a purely insurance perspective,
but is only as insurance, not as an investment.
I also feel like it's so it feels so oddly dystopian to link together
insurance and investments to me.
Like, I don't know, there's a whole lot of I feel are investing
properly is the best insurance you can have.
Bingo. All right, Ethan, turn on those cameras.
Let's roll.
No, there isn't.
No, see, I was setting up.
I was setting up for an argument.
No, no, I was setting up Ethan for an argument.
No, no, no, I cannot.
Yeah, term life hands down makes the most sense.
Universal life, whole life, whatever.
There's other.
Yeah, 100 percent.
I think the implications of investing and compounding interest
are where folks like Ramsey or other astute financial advisors
kind of there's nuances there and they take different stances on
is it your income is your most powerful wealth building tool?
Is it time compounding interest?
Is that your most so that that's what I meant when I said that
not about term life, term life or universal or whole life or whatever.
I agree. Term life is the way to go just on the record.
Sure. Stating that.
Well, and investing regularly is the way to go.
No matter where the source is always be buying.
Can I get an amen? Yes, amen.
Time in the market beats timing the market.
So you want to maximize your time in the market?
Correct. For compounding interest.
Yeah, I just like voting for Democrats.
Do it early and often.
I.
Yeah, and I'm giving you some.
I'm giving you magazines of ammunition over here, my guy.
I'm just talking over you so he can't there's no is a future.
Patriot segment.
Maybe we'll talk about. Oh, man.
This is our dinner debate.
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2025 is over and hindsight is 2020.
And as we said in 2021, 2020 is hindsight.
Best year to be in hindsight ever.
2025, there's been no pandemics and no major market happenings.
Everything in the US has pretty much been going gangbusters
from an economic perspective and especially in the world of cars.
Collector cars seem to just get more and more collectible,
at least in certain segments in other segments.
They have kind of returned to normal normalcy.
Prices have come down.
Demand has come down a little bit, but overall generally predictable.
Well, and I think we have seen kind of what you and I thought was going.
And my opinion, who cares?
But like more of so of what we've talked about a lot of is, you know,
there will be a correction, there will be a settling,
but it's not going back to what it was in 2019.
And when you look at, you know, I love using classic.com to see
some some history for as much as at least the free access will give you.
And you pretty much every car you look at, it's a wall in like 2020, 2021.
And it's come down, but it's like not anywhere close to where there's a few
walls or hockey sticks happening this year as well.
So we wanted to pick out some of the best and worst auction results
of 2025 or at least our highlights.
This is not a comprehensive market analysis.
This is just what were the deals?
What are the winners and losers of the year?
What were the ones that we that stuck out to us watching over the year?
And there's a lot of them because the number of auction companies
out there seems to be increasing despite our predictions.
DuPont Registry Live is now a thing.
Just started getting emails from them and I don't know how.
It's like every morning, it's like, hey, new auctions.
And I'm like, cool, but when did I sign up for this?
I don't understand it.
Probably from wholesale car club.
But anyway, yeah, there's there's so many auctions in the high end space
that it makes it very difficult to even like keep track of everything that's
going on, let alone like pick out highlights because they're just they're everywhere.
I literally I had been emailed a 360 challenge to Dali and then I couldn't
figure out which auction platform moves on because I deleted the email and I'm
like, shoot, I need to find that listing.
And I went through like five of them and couldn't find it.
And it was the seventh one.
You know, I yeah, there's there's too many.
There at least needs to be an MLS for this stuff that you can go to one
centralized source and at least find out where that car is being listed.
Classic.com might say that they're doing that.
But the problem is close.
Well, no, they're not, though, they could be.
But they are charging people in order to list your cars on there.
Oh, really?
So to push your data to them, you have to pay them and you have to pay.
And this is the one thing I had beef with them when they wanted me to
pay to list my cars on there.
And I'm like, well, but are you a data company or you a listing company?
Like I can't be both the customer and the product.
Yeah, that's a hmm.
So anyway, let's look at the standouts.
The the the spiciest results, you'll get my joke in a second.
I made the punchline first.
Are the green Porsche Cayans on cars and bids and not just one.
There is two 2014 jet green metallic six speed manual.
Cayans that sold on cars and bids this year was a second.
Holy moly, the second one is described as rare, but maybe they aren't so rare.
The first one kind of broke the internet.
It had a not super low 64,000 miles.
Oh, shoot, there's a TVR Tuscan speed six on here right now.
Sorry, guys.
Squirrel, the most beautiful, unreliable car that I really shouldn't ever own.
But I kind of want it's my guilty pleasure car.
OK, it sold for a eye watering record breaking $125,500.
And they did confirm that this was an actual transaction.
Money was wired.
This is a real deal.
Just because it was six speed manual and green, absolutely mind blowing.
Well, if that wasn't enough, they sold a second one.
82,000 miles of photos weren't quite quite as good.
It went for a paltry $70,000 compared to the other one.
But that's still an eye watering number is a staggering amount of money.
And you know what?
I've driven a manual Cayenne and it didn't excite me that much.
I don't some cars are better as automatics.
And this is something I've learned.
So I have a manual Volvo V 50.
It's got the five cylinders, got a wheel drive.
It's nice and I like that it has a manual.
But I went down when I first bought it, this like rabbit hole of what mods do I want?
Yada, yada, and I realized like it's a daily.
I just wanted to work and I don't I like having a manual daily, but it's not a sports car.
But it has to be the right platform to it's not just about do I want to shift on a daily basis.
It's do I want to shift this type of vehicle?
I had a five speed manual Ford F 350 Super Duty.
And I'm like, this is so cool.
I'm such a stick nerd because I got one of these.
It was terrible.
It was terrible.
An automatic is way better in that car as nothing to do with hills as nothing to do with anything other than.
I don't want to shift that thing.
It's not fun, engaging, good, whatever.
All right, Tyler, what's what's one of your standouts?
So unfortunately for our friend, Dan, it seems that really good spec Aston V8
advantages have gone more than I have expected.
So a couple of these have gone for for 50 grand.
And that's now you can correct me because I'm not like super into this.
That seems like a staggering amount of money.
That's a lot for four three.
And that's like, I think all of these are early four threes.
Like the one I'm looking at now is, you know, black with an awesome,
like kind of brownish tan interior.
Another one was green over green.
So they're like awesome specs and a lot of the normal ones go for like mid thirties.
But it seems like if you want a special one, if you want a good spec
and a good color, these are beginning to do the creeping up thing.
This is an auction related, but bone to pick with Dan, too, because he's not here.
Deal of the year.
It wasn't that crazy of a deal.
But for the spec, it was what as Dan's looking for an Aston Martin V8 vantage,
he sent me a blue over red roadster that was listed at like a GMC dealer
in North Carolina, and this was 11 p.m.
And I try you can actually buy it online.
You can do all the legal paperwork and everything.
I tried to go through the process and it glitched out just to be like, well,
maybe somebody has a deposit, but I'll I'll get the contract signed.
Well, I called them in the morning.
It was already sold as I figured it would be.
It had been listed for three days.
So it had 20,000 miles is listed for 40 grand.
And not only was it blue over red, but thanks to Dan's amazing database,
it was Tour de France blue Ferrari to sample with Chancellor Red interior.
That's hot. It is hot.
And Dan's like, oh, yeah, I forgot that that's like your unicorn color.
And you wanted a roadster.
I'm like, Dan, you for what?
I was literally going to pull the I'm just going to wire money.
And they're like, hey, babe, I bought an Aston Martin.
Hope you're OK with that type of thing.
That was one of the deals of the year.
I was very, very bummed that I didn't find out about that sooner.
Dan. Sick, not here tonight.
Our technical advisor technically failed me.
He didn't advise very well.
But I think it's interesting because a lot of people say that these are super
slept on cars for the experience you get for the amount of money.
So it seems like there might be a separate a separation
happening in the market ever so slightly of like really hot specs
between like a silver over black.
That is maybe the last two years summed up, though, is specs.
That's true. Specs. Specs are king.
BMW M roadster.
This was what I thought was a really good deal, fairly recent result.
And it's not way, way under market for M roadsters.
It is a deal, 13,000 mile, 2000 BMW M roadster.
So it's the S 52.
So not as desirable, but just an amazing car to drive.
Clean history, low miles, clean car, well presented.
It's sold for 22, 750 on bring a trailer a few days ago.
And I'm going, wait a minute, S 2000s are like 35 to 40 grand
for a similarly low mileage car.
So you can get a real analog M car in line six versus that.
V tech four cylinder in the S 2000.
I mean, I love S 2000s, but for 15 grand less, you get a Primo M roadster.
Like that or an S 2000, it just it made S 2000s look so overpriced
when I saw that sell.
Like that's insane. It's just so much car for the money.
Well, in S 2000s have just entirely like, you know, they've never made another one.
It's supposed to be very reliable, very engaging, the sports car guy thing.
But like they have seriously gotten like questionably expensive for my taste.
Yep. Obviously, I was very focused on nine and six GT threes this year.
I want to call back real quick to that terrible track rat guards red car
that like just couldn't sell and I don't actually know where it went.
But, you know, I thought that watching this unfold this year was hilarious to me.
It went on BAT, didn't sell, went to P car market, no sale to 37,000.
People offered up to like 50 still didn't sell.
I don't know where it is, but it looks like a piece of crap.
Yep. I think it's sold for less on P car market than the high bid was.
I'm bringing trailer. So it was shady because we had talked about how,
you know, not always going to the next auction site.
That's not always a good idea and then failed in that case.
And not all bidding is legitimate bidding.
Yes. One that I thought was cool, though.
And this so this was on bring a trailer. It was out of Belgium.
It was a nine and six GT three road challenge.
Have you heard of this, Doug?
A road challenge road challenge car. No.
So there was supposed to be this rally series in Belgium called road challenge
and Porsche built 10, nine and six GT threes based on the RS
that are essentially rally cars. They're not raised.
The ride height is not that much higher, but they've got skid plates.
They've got a gutted interior.
Like it's this is a like factory built rally car for the specific series
that never ran. This car had like 8000 miles on it. You know, yada, yada.
I think it like bid to 95000 euros.
We can't import it into the US yet, but mark my words.
In like 10 years, there's going to be a triple zero article
on these cars that is going to make them go gangbusters.
And I think people just have like not really focused on
some of these, like we're not seven. No, no, it was a nine and six.
So less than 10 years, you could.
Is it a mark to it? Yeah, it's a mark two.
So in a few years, you could import it and it's like Metzger rally,
like the nine and six and seven rally cars are so cool.
Like that's really that is like, oh, it's like, I don't know.
There's just something about those ripping around like a European country side
that you need a house to grow up so I can just buy one over there and hold it
and just like, you know, rip it around.
Oh, guys, they're so cool.
They look sick. That's neat.
And they're like they're vinned from Porsche.
So they're street legal because they had to be street legal to drive
between the different, you know, stages of the rally.
So this will be street legal in the US when you can import it.
Well, even if it wasn't street legal, once it's 25 years old,
like people are importing 355 challenge cars and getting titles for them.
Oh, so it's it's yes. He does not have fins.
I think they have chassis vents, but they're not a standard format.
Oh, interesting.
You take the paperwork with the bill of sale and a European registration
or whatever and take it in and just hand it to the DMV, Clark and be like,
oh, it's more than 25 years old.
It's interesting to see this kind of stuff because I was just reading
a triple zero article on the SCRS from like the 70 or the 80s.
And it's like, you know, they made 20 of these things,
most of them raced and were beat to hell and others weren't.
Like this is not the same thing.
It's not, you know, an awesome air-cooled car.
But it's this kind of thing is almost there and people are going to go nuts
at some point, eventually, for something like this.
All right, Ferrari, not only has Ferrari
as a manufacturer outperformed nearly all of their competitors
and just continuing to rake in profit and very, very good for them
because the alternative is all looking at Aston Martin and Lotus
and all the companies they're struggling and might not make new cars.
So we love that for Ferrari, but also
the pre-owned market has kind of been reset to new highs this year.
At RM Sotheby's, there was a blue over tan,
blue Sarah over Crema, I'm sorry.
512 TR with less than 8000 miles
that absolutely just blew the 512 TR market out of the water,
sold for $775,000.
Now, there's been no relevant results since then
to see if this has actually changed the 512 TR market significantly
or if it was just, as we said, you know, the spec thing.
This was a premium specimen in a rare and desirable color combination.
The blue fever is a very real thing in today's market.
So that remains to be seen whether or not that reset the market.
But a couple of transactions that did reset the market is the V8.
So one transaction in particular,
silver 360 challenge stradale on bring a trailer with 4500 miles
sold for a massive $603,000 in September,
which just, I mean, that totally reset the market.
There's not been any significant
public sale since then, although there have been a lot of cars
listed on the market at similarly high prices,
some even into the 7s and 8s that are now marked as sold.
So we know that, at the very least, it's brought the market up.
We don't have a ton of verifiable data points,
but that has reset the market.
And the Scuderia market seems to have instantly reacted to the CS market.
As the best cars on the planet were just over 400k earlier this year.
And that's marked by I found a 2009 Ferrari 430 Scuderia in Rosso Scuderia
with 1200 miles factory stripe and exposed carbon rockers.
It was listed in February by motor car classics for 430 grand,
while now the worst examples on the market seem to be around that number.
And the best are well into the fives and sixes.
Again, not many publicly available data points,
but the asking prices and the private transactions are up there.
So, yeah, Ferraris jumped big time in the last three to six months.
What I've also noticed jumping considerably.
Now, this is your typical cream puff delivery mile is still in the shrink wrap
kind of situation, but I've noticed Cobra Fox bodies have like kind of gone insane.
So there's one that had like 12 miles on it.
So this is like absolute.
Somebody bought this and chucked it in a warehouse went for $204,000.
For a Fox body in teal, not an R, a regular Cobra, just SVT Cobra.
That isn't nut toe money.
It's in the right color.
It's, you know, there's a lot.
I guess if you want some preservation thing,
because it literally still does have the plastic wrap on the seats,
it's essentially new, but $200,000 for this is kind of nuts.
And I've seen like I don't have any metrics for it,
but I have noticed the Cobra's and especially the Cobra ours have like really
popped off for low, mild, good spec kind of situations.
Somebody in this bring a trailer listing, though,
is very very confident in the Fox body market, though, Doug.
They say the Fox body will soon dominate car auctions
and will be the most sought after automobile ever built.
The Fox body will reign supreme for decades into the future.
This same car, or one close to its condition wise,
will hit the half a million dollar mark and shortly thereafter
will hit the million dollar mark.
I feel like chat GPT wrote that kind of sounds just aggregating
every other comment or post auction.
It's like, oh, these are slept on.
They'll soon be a million. They'll soon be a million.
They say all you haters better get one now.
Otherwise, you'll have to sell your house to get one
or you have to settle for a poster on your garage wall or a model
or you'll just have to sit in a lawn chair.
They're still going. Yeah. Yeah. It's a huge.
This is chat GPT. Come on.
It's nuts.
So some people are really, really confident,
but I'm amazed at how expensive some of these Fox bodies have gotten.
That's. Wow. OK.
Well, and you can't take that anywhere.
You have to invite people over to look at it.
Yeah, it's in your living room or something.
So it's a piece of art instead of actually a car.
All right. When rare does not mean desirable,
the Panos A.I.V. Roadsters have really struggled to find
their collector footing, maybe for a number of reasons.
I think they're cool.
I have a nostalgic draw to them.
But after owning five or six of them, I'm good.
It's hard to drive on the highway.
It's hard to drive anywhere.
I should.
A one of one copper bronze extreme
car that was a custom color shifting paint.
It is an awesome, awesome color.
This color is sick.
Was for sale on Facebook Marketplace in the Panos group.
The guy was asking fifty grand,
which is a little strong normal color cars with the same miles go for high
thirties and it bid on bringing a trailer to twenty nine to fifty.
So once again, rare in this case does not mean desirable.
It sold or it bid to a quarter of the price of a green Porsche family.
Look, these things are really cool,
but I did drive one on the highway once and that was a bad time.
Yeah. Yeah.
So that that was a big, big flop.
Panos Roadsters are still searching for their
for their market manipulator.
Somebody's got to buy them all up and drive that mark up.
But first they have to explain to people what Panos Roadsters are,
that they're not a prouler and then make people care.
That last part, I think, is where the real difficulty is at.
I think they're cool, but I have Midtown Madness nostalgia.
Speaking of blue over cream, a killer color combo.
Did I tell you about this TVR Tuscan speed six?
Have you put in a bid yet, Doug?
No, it's already at fifty grand.
Spicy. Oh, yeah, it is here in my cars and bids tab.
It's sixteen. This is it. It's gorgeous, though.
All right.
The overall market has been very strong this year for the auction companies.
RM hit a record year, selling over one billion dollars worth of cars.
With a B, with a B, with a B, as well as selling two incredible
Lamar race cars, the Mercedes for fifty one million and the Lamar
winning Ferrari 250 LM for thirty five million.
So a couple of very big, significant sales there.
Although the 250 LM was way less than I thought it would go for.
It's a car that won Lamar outright.
I know everybody loves the 250 GTOs, but this is arguably more significant.
It still has like its race patina.
I mean, this is I think it was sixty three Lamar winning car.
I thought it was a fifty plus million, maybe even a hundred million dollar
car for what everything else is going for.
So thirty five million dollars, I think that was the deal of the year.
But people with that much money obviously know more than I do.
I'm just a bench critic.
I think these look really cool, but it is less beautiful, I guess, than the GTO.
Yeah, maybe that had something to do with it. Yep, possibly.
Yeah, go ahead, Tyler.
So an update on a very personal update from me
earlier this year at the Broad Arrow auction at Airwater.
My old nine six eight was on the auction auction auction block.
Yes, I was thinking chopping block, but it is not happening.
It went for pretty much the same amount, I think a couple grand more than it went
for when switch cars sold it on bring a trailer for me.
But there was actually.
A comment on the bring a trailer listing asking the winner,
are they still enjoying the car?
So they said they sold it at Airwater earlier this year.
Great car and enjoyed their time with it.
Some were out on the West Coast right now and they have replaced it with a nine
six eight club club sport in triple black,
which I can't blame.
I think that car with a little less weight would have been sick.
So I think I understand that the club sport draw.
So hopefully somebody on the West Coast is enjoying my old nine six eight.
I miss it until I look at my spreadsheet telling me how much money I spent
maintaining it and then I'm good.
Speaking of maintenance, a little teaser here.
Our next episode in a couple of weeks, we will be discussing our annual
breakdown of how much our cars cost us to own and drive this year.
And we'll be bringing our friend, Dan Doucette in, who is a eclectic car
collector and daily drives in alpha.
So that'll be a fun discussion.
Thankfully for us, I just squeaked in essentially an entire front
suspension rebuild on my Volvo.
So we're, oh boy, it drives great, but it.
Yeah, OK, driving an old car, sometimes expensive daily.
Let's see. So RM had a record year.
SBX cars, a supercar Blondie auction website claims a record breaking
year of their own, according to their email, you know, year in recap today.
Although it seems that their record breaking years is connected to not
their overall sales, but a single record breaking sale of a Ring Brothers
DiTomasso Pantera, which whatever, that's that's marketing spin, in my opinion.
This Ring Brothers car sold for more than any other Pantera at a public auction.
It sold for three hundred sixty three thousand dollars.
Although I feel like that's like selling a singer at an auction and being like,
well, it's record breaking because it sold for any more than any stock
portion nine six four in history.
Like it's it's whatever.
I'll let them have that wing win.
SBX bragged about in their email one point six million auction views,
which in the grand scheme of things is really not that much.
They did not mention and said email total sales sell through rates or any,
in my opinion, relevant numbers other than that they are getting close
to their hundredth overall sale.
Yeah, I've been a little cynical, sarcastic, whatever, about SBX cars in our
yearly auction house recaps.
I again, I don't wish anyone to fail.
I wish the best of any good business, anyone who sets out to to do a good
business and it seems like there's plenty of space for competition in this market.
But I don't know, just the way they they market sales.
Stuff I feel like is slightly misleading how they package things.
We covered that last year, too.
So it's good fodder for making fun of them on the podcast.
So why not? Yes, Tyler.
Do you got any more?
The I just got one more.
And this isn't really a huge there's no big market.
If you made a trend, it would have like three dots on it.
But this year there was a I love when these cars come up.
And I think Doug gets sad because they're always way more
expensive than he wants to spend WZ eight.
No, this is the like special like customized Bondurant cars.
So the Cobra Vix Cobra Vix.
And there was Taurus.
S.H.O.
There was a Taurus S.H.O.
That was white.
They came up on bring a trailer this year that was customized
specifically for the racing school.
It still had delivery on it.
It was essentially a track car ready to go.
And I'm never going to buy these.
They're always more expensive than I would want to spend.
But I just love that they exist.
And I wish there were more of them.
The fact that at one point in time, there was enough money
behind this organization that Roush got involved to like build
these custom cars specifically for their school is so cool.
So it's cool to see them come onto the market and change
hands a little bit because it's but not for forty freaking
thousand dollars. Yeah.
The Cobra Vix. It's a Crown Vic.
It's it is still a crown with a different four six.
They've really regular four six.
The Taurus S.H.O. is not so much.
This one went for like ten grand, but it was a little scruffy.
So what what S.H.O. out there isn't scruffy.
There's not you can't find one.
It's true. You can't find one.
Scruffy. I don't please don't find me one.
Doug, I got to be honest.
Every time I watch the Santa Claus, the first one, you know,
claws with an E.
Tim Allen is driving a Taurus S.H.O. with winter tires.
And it makes me want one.
I know. Makes me want one bad.
I know. Speaking of BMW Z8s, there is a silver with red
interior BMW Z8 on bring a trailer.
I've been watching these like a hawk.
And this was the standout deal of the year.
It was around I think it was 14,000 miles, very, very clean car.
Had Alpina wheels and the stock wheels.
No issues in its history.
And it hammered at one hundred sixty three thousand dollars.
And you didn't buy it. Why?
I hadn't decided that silver over red was an acceptable color because I I just
I can't own a silver car, but I think that's the right color in a Z8.
Wasn't there one when there was one to go and castor motor group
when we went to get your GTV is like a four thousand mile car,
which I don't was that the moment that you were like, I think it was
because I saw a topaz over Kremacar in the flash and was underwhelmed.
And I saw the silver over red and I was like, that's good.
That's the right color for that car.
All right. Well, shrewd negotiator.
This is a guy who messaged us on Instagram about an M5 that we had for sale.
Very rare spec. And as a car dealer, anyone selling a car,
but car dealers, especially will appreciate this.
There is nothing sweeter as a car dealer than selling a car for the asking price
right after someone like asked to talk.
I got to talk to my wife or I got to do this or I'll be back tomorrow
or especially in the internet world gives you a non-genuine good luck with sale.
I don't think any GLWS is genuine.
There might be some on bring a trailer because people will be like, hey,
nice car GLWS, but like on Facebook, maybe they're all sorry.
They got to be all sarcastic.
I think they are all are all sarcastic.
So we had listed this thing for like six hours.
We're getting just inundated with inquiries.
It says, what's your bottom dollar on the G80?
I said, we have five to six seriously interested parties.
First person to complete a purchase will own the car.
You said reasonable at what number?
Well, the list.
OK, well, since you couldn't infer from that that there's a supply demand
disparity here, say, given the amount of interest,
we are holding firm to the listed price.
GLWS. Nice.
I resisted the urge when we got the check for the full asking price,
like three days later, from the first guy who gave us a deposit
and had to turn away five other people from just like texting and be like,
didn't need luck, sold it on.
I was right.
Some people.
Wonderful. Love it.
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So we talked about auctions and how they've done,
but how does a small market specialty use car dealer perform?
We're going to pull back the curtain and show you switch cars numbers
for the year.
We talk about some of the different auction sites.
And of course, we're using the numbers they publish to us
and only what we can glean from that.
But I'm going to publish the numbers.
So people always ask me, like, what's the most expensive car you sold?
How many cars do you sell a month?
And they're often impressed at the numbers that I think they should
be underwhelmed by and vice versa.
But here we go.
If you want to know what a small market dealer actually does,
we'll we'll talk about it.
Well, and I think I like it when companies or groups will pull back
the curtain a little bit and give us some numbers because we're getting a look
into kind of how switch cars functions and to a lot of people online,
it might just seem like here's where you go to buy, you know, awesome
Porsches and BMWs and other weird, you know, enthusiast cars.
But like, here's how it actually.
Yes, kind of works.
And that's the numbers I'm publishing is kind of what matters.
Let's see. So let's look at.
Let's start with the cheapest car we sold. Nice.
Only by thirty four dollars.
It was a squeaked by as a winner.
Two thousand thirteen Ford Fiesta.
Thirty four hundred and sixty six dollars.
How did you get a Fiesta?
It was an old employee of ours actually sold it to us.
Yeah, yeah, I think we paid a thousand.
But before you think we tripled our money on it,
we put quite a bit into it for service.
So we might have paid fifteen hundred.
I don't remember.
But that was second only to a pretty janky,
Matt Gray, Acura RSX that we wholesaled for thirty five hundred dollars.
Oh, man, we were talking about cars previously.
They're all just kind of really crusty at this point.
RSX is used to be sweet, but they're all kind of not good.
Yep. Most expensive car sold.
This is the answer that always disappoints people.
But there's a reason for that.
The most expensive one we sold was a two thousand five four GT at five hundred
eighty eight thousand dollars.
And that was not only a good result.
It was a good result for that car and for the seller
who did very well on that car.
And it was just kind of good timing in the market.
Kind of hit the peak for the year.
And my note on that is I have to defend myself before
unless I feel ashamed that that's the most expensive car I sold.
Despite brokering exotics for twenty years,
the really expensive stuff is hard to make a deal on.
There's a lot of people trying to get their fingers in the cookie jar
on the high end stuff.
We were negotiating multiple seven figure car deals,
and they never materialize this year for any number of reasons.
But it's fine because we found our sweet spot.
And I actually avoid the super high dollar cars for a number of reasons.
So what is impressive to me internally is not, you know,
oh, we sold this two million dollar car,
because typically the margins on that are quite small.
But our overall bottom line and our reduced risk
because we've picked a niche that works well for us.
And that matters more to everyone, not out there, but in our organization.
The oldest vehicle we sold was a nineteen fifty eight Porsche tractor.
Oh, nice. Indeed.
The see our total sales, we sold two hundred forty three cars.
We were gunning for two fifty or two twenty or two forty,
depending on who you ask, but really two fifty was the goal.
December, our volume was a bit off holiday stuff, I think, for everybody.
But anyway, so we didn't quite get there.
Well, we're filming this on the 30th, so maybe tomorrow we can sell seven cars.
Sixteen million was our overall gross revs on cars sold.
Percentage of profitable deals.
This is where I like to brag ninety six point three percent of cars sold were profitable.
Last year was two hundred cars overall at a ninety four percent profitability rate.
So even as we are growing in volume, we are getting better at what we do.
On what I this, I feel like is almost the most important number
because in indicating the health of the business, like I know nothing about the car
business, but this feels like a staggeringly high stat to me.
It's pretty good if I compare myself to other dealers.
The percentage of consignment and brokered cars versus inventory.
Fifty eight percent of sales by dollar value or owned inventory.
But that fifty eight percent accounted for sixty seven percent of our gross profit.
On cars sold are average days in stock.
Now, we do not have a policy of when it reaches X days.
We automatically wholesale it.
Some dealers do and that skews their numbers or profitability numbers,
but we do not have that blanket policy.
But our average days in stock and this is from the date funds went out to the date
funds came in, not like how long they were listed.
This is recon shipping everything.
Fifty one is our average days in stock.
That is a record low compared to sixty last year.
Four hundred thirty three was our longest.
Yeah, it was a anniversary car from last year.
It was a two thousand six Aston Martin V eight vantage.
And this was really only due to service and reconditioning delays.
We lost an employee along the line there.
But yeah, that shouldn't have happened.
That wasn't due to a breakdown in our process that just just happened.
We're turning our money seven times
throughout the year and we're selling nearly at a hundred percent ratio
of sales per listings on a monthly basis.
So like dealers will measure to themselves and say like, well,
if we have 30 cars listed, a good metric is that we turn 50 percent of that number.
So we're selling 15 if we have 30 cars listed.
We're nearly at a hundred percent ratio.
Oh, OK, factoring in the cars that we broke her.
So it's not a totally fair number, but pretty close to that.
Wholesale versus retail percentage,
eighty one percent of cars sold were sold retail.
The most number of cars sold to a single customer this year is five.
Five.
One guy.
Yep.
All of those were June to December, too.
I look back.
Oh, really?
I didn't buy anything January to March or January to May.
Yeah.
And then you got a you got an itch.
Yep.
The longest boomerang for a single owner.
So this is a car we sold and then it came back to us.
Some people go, why?
That's something wrong with it, Mike.
No, not usually.
That's a good thing because our customers are loyal.
Two thousand five Ferrari four thirty.
We sold it in two thousand eighteen and it came back to us this year from the same client
who had owned it the whole time and we sold it in three phone calls.
Thank you.
Absolutely.
So this didn't even hit Instagram.
Correct.
So if you ask me what the shortest time we had a car was, it's like a few minutes.
Yeah.
Yeah.
Technically, the longest boomerang was a two thousand seven cobalt blue GT three that we
brokered back in two thousand eight and we did sell it again this year.
But we had sold it two or three times in between two thousand eight and now the shortest boomerang
was a two thousand four Porsche GT two.
Oh no.
Within a week of delivery, the ink on the temp tag was still drying.
The customer said, no, done with it.
Nothing wrong with the car.
It just like he had always wanted one thought he was going to love it and it wasn't for
him, but it worked out because we bought it right and we sold it for more than he had
paid for it.
Oh, okay.
Yeah.
We had people fighting over that one.
How many miles did it take him to know that it like 10?
Whoa.
Maybe he needed more, but I don't know.
It just it was he makes decisions very quickly.
It's the same customer that we sold five cars to.
Oh, okay.
Yeah.
Yeah.
So and he was the one the three phone called about the 430.
But he loves that.
That one he got.
He's like, this is amazing.
Thank you so much.
This is great.
So it's just like you almost never know.
The let's see.
I was trying to add up like the number of cars that we sold more than once this year so that
we sold multiple times within a year and that was difficult because I kind of had to go
through manually.
There's no way to just do a quick report on that, but it was quite a few of them.
So I kind of went with a different stat, which I think is a fun story.
The maximum number of times the same car sold now this was not always this started in 2023.
This didn't all happen this year, but it was a eruption green GT 500 common color on a
Bronco, but not so common on GT 500.
And this is the one that was on Facebook and where somebody was asking for like what's
a good price for this or whatever.
So we had a broker this car, I think from the original owner to a customer, another
different customer of ours back in 2023.
We then this year or no last year sold it from him to a different local customer of ours.
Then the original owner wanted it back.
So we bought it back from the customer that we sold it to the second time and then sold
it back to the original owner.
That happened this year, but also this year he decided that he had missed it.
You know, the nostalgia was stronger than, you know, whatever.
So he decided he didn't really want to keep it.
So then we sold it for him again.
So between 2023 and now we sold it from the one guy to a different guy from the second
guy to the third guy from the third guy back to the first guy and then sold it again for
the first guy.
So four times I think we sold the same car in the last two years, twice to one guy.
And the third guy who bought it almost bought it back again from the first guy.
He's like, I shouldn't have sold that car.
Goodness.
Yeah.
So we had some fun at switch cars this year.
Tyler, you had, I think some questions you wanted to know some.
So I know you guys deal a lot in Porsches and BMWs.
Which one I want to know.
Did you sell more Porsches or more BMWs this year?
The way that I do my spreadsheets, it is not easily sortable, but I did the
quick math on Porsche 911s of all variants versus all BMW M cars.
Okay.
Cause that's kind of, I didn't include Caymans or whatever, non-MBMWs.
And we sold more than three times the number of Porsche 911s than BMW cars.
Yes.
That's a bigger spread there, like a bigger difference than I thought.
Me too.
Wow.
Me too.
But those are like our two bread and butter cars.
So that's, you know, some of the best.
Yep.
Do you have anything that jumps to mind for like what was the easiest sale?
Well, the easiest sale is probably that 430 that you had to make like three phone
calls and it was yowink.
There you go.
But like, and when I ask this, it's not from a like, I want to make fun of a
potential buyer, but in a negative way.
You know, I think we have a lot of quirks as car people, but was there like a
particularly difficult sale or difficult situation that you had to navigate?
The most difficult ones typically are the ones that don't happen.
Really?
The theme of, I think this year, maybe it's last year, the years always jumbled
together is the people who are negotiating over weeks, sometimes months, and they
want another $500 off a $200,000 car or they want this or they want that.
And then somebody comes in and buys it or like, Hey, sorry, not sorry, but somebody
easier came in and like, yeah, we agreed to numbers and they get just unbelievably
angry.
Like, well, at what point did you, I think one guy said, did you, did you lose
the, you know, did you, did you miss that my intent was to buy the car?
And I was like, I didn't.
I know you intended to buy it, but you didn't make, do the actions required
to buy it?
Well, and if they, what's wild to me, this is kind of going back to a previous
topic about deposits on cars.
It's like, if they, if the intention was there, the deposit would have been like
things would have moved forward.
And that's kind of what I was curious of is like the people that make the biggest
hullabaloo about all this and ask all these questions and want, you know, the $25 off
or whatever, like, does it ever actually matter?
And it seems like for the most part, they, those deals don't actually complete.
There is, and, and I want to be careful saying this because it's not how we operate.
But there's just kind of a saying, I guess, in the car business that the people
that you make the most money off are the best customers.
Not for you, but they're actually the happiest because the people who
negotiate is not cause like they're just blissfully ignorant, ignorant.
They have no clue that you ripped them off.
That's not how it is.
It's just like, it's not a cause and effect.
It's just these two things are correlated.
The people who are trying to negotiate every last dime and squeeze everything
out of it are coming into it from a perspective of me and the car dealer are enemies.
Yes.
And the people who aren't doing that, especially in the high end car world
where you're buying fun and you're buying joy, not transportation.
Like when they just come in, they're like, I love that car.
I'm OK with you making money.
Your price is fair enough.
What am I going to gain for a thousand dollars off?
Yeah, like it's just, it's just a different mentality.
It's not because they paid more.
It's just.
Yeah, so when I think you probably get a lot of people who are buying their
first real toy or, or, you know, achieving a dream and they're used to dealing
with the typical dealership that, you know, they are very adversarial with.
And I think if anything, from my perspective, limited perspective,
I think you guys have done a good job at being the like, you know,
obviously your business, you need to make money, but you're not really trying
to rip anybody off.
And you kind of seem to work with people and create a very positive
environment of like, you know, we don't need to fight about this.
That's the goal, which I appreciate from the outside.
That's the goal.
Speaking of Switchcar, that brings us to the props and flops of the week.
There's always by them.
Yes. And Switchcars is the enthusiast dealership where we buy and sell cars
that we like ourselves.
So check out our handpicked inventory at switchcars.com and be sure to
mention switchcast for special pricing when available.
You can find more information online at switchcars.com or come visit our
showroom in Twinsburg, Ohio.
Doug, what is the pick of the week from Switchcars inventory?
The pick of the week is a 2015 Porsche Cayman GTS and it's white over
red, full Carrera red, natural leather.
Really nice color combo, nicely optioned X73 sport suspension,
deletion of Alcantara.
So it's all the full leather interior.
Yeah, it's very nice.
Adaptive sport seats, so the extra bolsters and stuff.
So you can find that on our website, 67,980 with 28,000 miles in a PDK.
Let's see our flop of the week.
There's some videos out there on social media.
It looked like the old Willow Springs racetrack, but an R34 GTR that was
an ex Japanese time attack car was destroyed on a racetrack.
Oh, I think this was at Laguna Seca.
While parked.
Was it maybe because it was a weather track track?
Yes.
Yeah, while it was parked during a red flag, which you know why they have red
flags and to stop things.
Yeah, for safety, for safety, it was hit by the forklift carrying tires with
which to repair the tire wall and it was hit hard and I have seen a video
when it is a very sad video to watch.
Indeed it is.
Let's see our prop of the week.
Now this may be a little bit premature, but our producer Ethan sent us a link
that in apparently Europe, they are considering legislation to retest not
retest, but to have more strict vision tests for people past the age of 70
for drivers.
Now, this is not quite what we were gunning for in terms of wanting them
to actually take higher to retake driving tests once they're past a certain
age to determine their competency and their ability to like actually drive.
But I think it's a step in the right direction.
I think it is the right thing to do and is also compassionate at some point
to say you should not be operating deadly machinery.
Because I think we talk all the time this is something that is dangerous
for the individual and others around them.
I see it with my own eyeballs plenty that at some point I think there needs
to be some limit and hopefully the necessary infrastructure will exist to
ensure that these folks can still get around to be where they need to be to
get the things they need to get, be it the appointments or whatever they need
to be at. But I do think that something needs to be done.
And I'm glad that someone on this marble we live on is taking is thinking
about some action to to kind of put some bounds around, you know, when you are
still able and legally allowed to drive.
Yeah, I mean, I told a story a long time ago.
My grandmother ran over her neighbor because she was backing up to say hi
to him and she back into him.
He was fine.
But like it's one of those things like maybe.
Yeah, let's let's look at this.
Maybe maybe you should get a chauffeur.
Love you grandma.
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of automatic and quartz watches.
Sheffield watches value on merit, not just price.
I love mine, so get yours at Sheffield watches.com and be sure to mention
you found them on Switchcast.
Thank you for joining us for Switchcast with Doug Tabott and Tyler Sanders,
produced by Ethan Huffnagle.
Switchcast is an automotive entertainment and opinion show and nothing we say
should be taken very seriously.
We do not give tax, investment, legal, emotional or professional advice
and the only licenses we hold are driver's licenses.
The opinions expressed on this show are exclusively held by the people
pontificating at that moment and do not reflect the values of our producers
or sponsors.
Our theme music is provided by Emily and Ivory.
You can stream their full album on Spotify or SoundCloud.
If you like this show, you can stream it in its entirety on your
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Check out switchcast.live for more info.
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