01:08
Please tell me I like it, because I'm going to have to tell the audience how much I like it.
01:11
You are official with a whistle.
01:13
You need to be wearing a whistle.
01:14
You got the headphones upgraded, you know, just gear there at your desk.
01:19
Yeah, just so everybody knows, it's been amateur hour over here.
01:22
So you guys have been listening to one year of amateur hour.
01:24
We kind of tell you guys, hey, we're not journalists in air quotes.
01:29
So we got set up here, and hopefully everybody, the sound's a little better.
01:32
And I'm trying to learn how to operate with these big headphones on.
01:36
But I do look official, Rob.
01:39
I told Nick as soon as he got on it, because I had no idea he had gotten them
01:41
already so quickly after I sent him the recommendations.
01:44
And I legitimately said, I am very arousal of what I'm saying right now, because
01:49
you're like, you're dealing with knobs over there.
01:50
You're like, oh, here's my gain.
01:51
The preamps go right here.
01:52
How about the volume there?
01:53
And I'm like, oh, yeah, you're talking my language.
01:56
You're talking my language.
01:56
So if everybody knows, I'm not the tech guy Rob is.
01:59
Yeah, no, no, not at all.
02:00
And nor on the other podcast, Pines and Polishing, which you can hear every
02:02
Tuesday, but Nick sometimes has to improv and does it by himself.
02:06
Yeah, I did do it by myself.
02:08
Marshall, if you're listening, another tech mess up on our end, but we got
02:14
We got to start with the fact that today, the day that you're listening to
02:17
this episode, we're going to be launching the first YouTube video on
02:20
our YouTube channel that's not a podcast.
02:21
Can you believe that?
02:22
Since December 2nd, 2024, it's been all podcasts.
02:24
Well, it's almost like we're not really content creators.
02:27
You guys have just been following two guys that create some kind of
02:31
content, but it's not actually YouTube content.
02:33
I take offense to that as the person that makes most of the
02:36
content that goes out on all of the platforms, but you know, you're
02:40
right, we're, and I actually had that on my notes today, we're not a
02:43
You know, people might expect like they come across it, like we like
02:46
the chats and then they go through the catalog and it's all, you
02:49
know, media personalities, which is what we are.
02:51
We're journalistic media personalities.
02:55
According to the internet, we are.
02:57
We're also experts in everything and we're never wrong about anything.
02:59
That's just what the internet says.
03:02
We have the LX audio video finally going up.
03:04
So I just kind of want to set the landscape and then get some
03:06
Nix perspective on it, but we do want to do stuff and we are
03:09
going to do stuff with our personal vehicles and then other
03:11
things that are related to the automotive world as year one wraps
03:15
up and as we go, because LX already has two other projects
03:18
that's going to be coming to it and then rolling into 2026,
03:21
we're going to be doing some stuff with my GTI and then even
03:23
more stuff with Nix LX and I'm telling him hopefully, maybe
03:26
probably he brings the M3 out of the garage because it needs
03:29
some sun and needs some TLC, not TLC, you just need some
03:32
love on the road and I'm sure you guys would appreciate it.
03:34
So for those that are interested in the world, you
03:37
categorize it at 100 series, the LX, the Lexus world, all of
03:41
that, this is a video for you, right?
03:43
So this is my call to action.
03:44
You guys and I'll hand it over to Nick is if you are into
03:46
that platform, great this afternoon, 6pm, it'll be live
03:49
on the YouTube channel.
03:50
If you're listening to this or watching this after 6pm, it's
03:53
Please go watch it if you're into it.
03:55
If you're not into that platform, still give it a
03:57
like a share something that lets the algorithm in our
04:00
big tech overlords know that you're going to be
04:02
interested in those kind of videos.
04:04
Yeah, and I don't even think you have to be into 100 series
04:07
line cruisers to really appreciate professionals doing
04:14
what they do, right?
04:15
Like, these are the type of people and I know we're going
04:17
to get to the Jim Farley story that he now magically wants
04:20
to talk about techs and, you know, all these people in
04:23
the ecosystem that they're missing and all this.
04:25
But guys, we've been saying that since, I mean, I've
04:28
been saying it for years, that we're losing
04:32
And when you when you see the kind of work these guys do
04:35
and the things that they're responsible for, I think it
04:38
doesn't matter if you're into the platform.
04:39
I mean, again, is that promoting our video?
04:41
Yeah, but I'm dead serious guys like these guys are
04:44
refurbishing a 22 year old sound system with factory
04:48
parts that they have refurbished, not by the factory,
04:52
like they're doing the refurbishment through their
04:56
And just that part alone, it's definitely worth it.
04:58
Now, if you're really into the 100 Series Land Cruiser,
05:01
this is right up your alley.
05:02
If you're into the Lexus LX470, of course, this is up
05:05
your alley, but it's solving a problem.
05:08
And quite frankly, I searched high and low to see anybody
05:12
else that has any of this type of content for the audio
05:14
system and it doesn't exist.
05:16
So this will be the first of its kind video on this
05:18
system actually being fixed properly that I can find.
05:23
Yeah, again, I'm sure there might be something out
05:25
there, but I searched high and low on YouTube and it's
05:27
a lot of backyard, which I appreciate, you know, and I
05:31
say that a lot in the video, like I appreciate the guys
05:34
that are trying to get it done on their own, but this is to
05:36
the highest level it can be.
05:37
And I'm pretty proud of what we did.
05:39
Yeah, you found the guru of the gurus.
05:41
Like a lot of people think that like they'll think of
05:43
names that are related to the speakers and the
05:45
audio system of the car world or even the of the actual
05:48
manufacturers themselves.
05:49
And then little to most people know there's a guru
05:51
behind the scenes of all of that that takes care of
05:54
those things for those people.
05:55
So it's a really, really cool deep dive into how it was
05:58
set up and what went into just getting what's already
06:01
Because one of the big things that you you made a
06:03
point of is that this isn't just upgrading speakers
06:06
You literally and that was I don't want to spoil it for
06:08
people, but a lot of these things live on and you're
06:10
going to see how they get to live on through the
06:12
process that Nick went through in his vehicle and
06:14
not anyone else that I've seen have gone through.
06:16
And that was one of the coolest aspects of it
06:18
that I didn't realize until after.
06:19
And here's the thing.
06:20
We need to celebrate this.
06:22
I mean, if you want to, I don't care what platform
06:24
you're into, you know, if you're into GTIs, if you're
06:27
into vintage Ferraris, if you're into old Hondas,
06:31
it doesn't matter to keep this stuff alive.
06:34
You're going to need people that can refurbish parts
06:38
because the one thing we hear from everybody out
06:40
there, and this is becoming a problem for every
06:42
brand, just had a guy, we dropped an LS430
06:45
video and a Lexus LS430 video.
06:49
And the interesting part about that video is a
06:50
guy says on there, hey, I have one.
06:55
But it's becoming harder and harder for me to keep
06:58
this thing on the road.
06:59
And I think that's a disgrace to Toyota.
07:02
I think it's a disgrace of Honda.
07:03
And Honda has said, hey, we're going to go back
07:06
and make some heritage parts and this and that.
07:09
I got to give a shout out.
07:10
Hovey's bought his dream Mercedes.
07:14
And it's at the vintage Mercedes shop.
07:18
And dude, they're making parts.
07:19
And they're talking about what it cost to build dyes,
07:22
to build a gas tank.
07:24
And you go, guys, but that gas tank now costs $10,500.
07:29
You know what I mean?
07:30
Because they got to make the dye to make that.
07:32
And I'll say this willingly to anybody,
07:35
like we have to celebrate keeping these things on the road.
07:37
Especially you guys that are enthusiasts,
07:40
we need people that can refurbish parts.
07:43
And I don't care if it's a speaker,
07:45
if it's something in the engine, it doesn't matter.
07:49
If you want to keep these things on the road,
07:50
something drastically has to start changing
07:53
where we appreciate these professionals
07:54
that can do this type of work.
07:56
Yeah, I don't know if it's because we've been talking about it,
07:58
but on my personal YouTube algorithm,
08:00
I'm getting a lot more of these craftsmen
08:02
that are just bringing stuff back to life
08:03
or they're repairing things.
08:05
Like anything from shoes, which is so crazy sometimes.
08:07
Hey, by the way, you got the cobbler on too?
08:09
Oh dude, you got those too?
08:11
Oh my, I found myself watching cobbler videos
08:14
for, I don't know, 15 straight minutes.
08:18
One of the coolest things that I ever saw in my life
08:21
was when I went to Italy, the people repairing shoes,
08:26
like they're in these like real small shops.
08:30
Most of the people are like,
08:31
they got a young person in there,
08:33
which is like a grandson or something like that or a son.
08:36
And they're like 85 years old.
08:39
And you can just like sit there
08:40
and they're like, hey, come on in, you know,
08:42
have an espresso, sit down here.
08:44
Do you need some shoes fixed?
08:45
But now that it's on the internet,
08:47
there's all these people in the United States
08:48
and globally fixing boots and what,
08:50
I think it's awesome.
08:52
We need to celebrate this.
08:53
And the coolest part about the cobbler one too,
08:55
actually all of them, I was gonna say,
08:56
I've gotten some people that,
08:57
all they do is like vintage audio,
08:59
like receivers that you would have seen
09:00
in the Brady Bunch, right?
09:03
Like it's from the 50, 60, 70s kind of era
09:06
and it just looks awesome.
09:07
And then when they finished with it,
09:08
it looks as awesome if it would have like day one,
09:10
but with like new lights and LED bulbs and new switches
09:13
and everything, but it kept all of the classicness of it.
09:15
And these guys doing it are young.
09:17
They were young guys.
09:18
As a guy that's in the middle of a home theater project,
09:20
let me tell you right now,
09:21
I would love to go back to 1980 and 90
09:23
when I could just plug some things in
09:25
because boy oh boy is it a lot different now.
09:28
Yeah, you know what?
09:28
And I hate to say this because I know,
09:30
I don't even know the scope of your project
09:33
You could almost argue
09:33
that you could have found better stuff 20, 30 years ago.
09:36
Yeah, just easier to work with.
09:37
And easier to work with, yeah.
09:39
You know, when you try to bury speakers in the wall
09:41
and sound woofers in the wall
09:43
and then you gotta rip stuff out
09:44
and then you gotta rip, put it back
09:45
and then you gotta have this and that.
09:47
Look man, there's probably some great
09:49
home audio experts in our crowd.
09:51
Seems like it's a lot of home audio guys
09:53
are really into cars.
09:54
It's sort of like watch guys are into cars.
09:57
I'm sure you guys know a lot more than me.
09:59
This is not my space.
10:00
I paid a company, let's be clear.
10:02
This is not my space
10:04
and I don't have the time to deal with it
10:05
but it's been a large headache.
10:07
I mean, it's been a constant headache.
10:10
But again, I think it's a craftsman issue.
10:14
I'm not gonna ever say the company's name
10:16
but when I think about it I go,
10:18
where's that 65 year old passing down everything to do
10:23
to get it done right the first time
10:25
and we need to start celebrating it.
10:26
And look, you're gonna bring up the Jim Farley thing
10:28
which I think he misses about 90% of the story
10:31
but at least he's starting to talk
10:32
about technicians as well.
10:34
Yeah, so I'm gonna give a shout out
10:36
to Chris who sent this in an email.
10:38
So we'll get to a listener email here sooner
10:40
than we usually do in the show.
10:41
If you're new to the show,
10:42
you can do that towards the end of the episodes.
10:44
And Nick and I discussed this one and another one too.
10:46
So there was two of them,
10:47
but I have the one that Chris sent in here
10:48
just because Nick, that was last one next at me.
10:50
And I wanna play the actual video itself
10:52
and by all means raise your hand, Nick,
10:53
whenever you want me to pause it
10:54
because this was an interesting topic
10:56
that isn't getting enough attention
10:58
in the direction I thought it would have.
11:00
But here, let me play it for everybody.
11:02
I woke up, there were 6,000 bays
11:04
and our dealerships with no technicians.
11:07
So can't get my car fixed, no?
11:09
Two weeks, average weight is two weeks.
11:12
Now because we don't have the parts,
11:13
we don't have the mechanics, factory workers,
11:16
construction workers, farmers,
11:19
all the people that move things, truck drivers,
11:21
rail workers, and people who fix things,
11:23
plumbers, electricians, HVAC,
11:25
all the people that basically work with their hands.
11:28
Why is there a shortage of these workers?
11:30
Well, it's a complicated problem,
11:31
but there is, let's put it that way,
11:33
literally a million openings right now.
11:35
Technicians and dealerships working on cars.
11:38
At Ford we have 6,000, probably 400,000
11:41
repair technician shortages across the economy.
11:44
First of all, the productivity has not caught up
11:48
with the white collar, in fact,
11:49
has gone down over the last 20 years.
11:51
Number two, the jobs aren't as glamorous
11:55
as a white collar job from college
11:58
and I think the permitting and all the regulations
12:01
has really stunted the growth of these kind of jobs.
12:04
Okay, so we're gonna hit every buzz word possible
12:07
in that one, 60 seconds.
12:08
It's called Corporate Media Training 101 right there.
12:11
And even then it wasn't great.
12:11
By the way, Ben, sorry, Ben sent the email, not Chris.
12:14
Yeah, I was gonna say, hey, Ben, your boy tried to.
12:17
Well, no, no, no, now I'm gonna put Blaine on blast.
12:19
Ben put Chris Farley instead of Jim Farley
12:24
Well, we've been calling him Tommy Callahan
12:27
on our chats, Jim Farley,
12:29
so it's good that he said, wrote Chris Farley.
12:33
Jim Farley, I love that the guy talks, man.
12:38
I gotta say that every time.
12:39
I think he's talking to the wrong people.
12:41
I think he's never pushed on things,
12:44
so I think his sound bites sound incomplete.
12:47
And that's what this is.
12:48
I mean, Jim Farley knows what the problem is.
12:51
The problem is his flag hour.
12:53
Guy's having to work flag hour and not giving salaries.
12:56
You've got dealerships.
12:57
Again, for all of you, the dealership should go away.
13:01
Ford has partnerships with every single one
13:03
of these dealerships.
13:05
They're tied hand in hand.
13:07
He wants to sit there and act like he doesn't know.
13:08
Also, you don't have part shortages, Jim.
13:13
You couldn't push Mavericks out of Mexico
13:16
for two and a half, three years.
13:19
Who the hell are you kidding, dude?
13:21
Like, who are you kidding?
13:23
Like, we all gotta have a laugh.
13:25
You guys couldn't build Mavericks
13:28
when everybody was in demand for the Maverick.
13:30
Like, come on, man.
13:32
We're in this world,
13:34
and I feel bad for these CEOs
13:36
because their media team is telling them,
13:38
go on CNBC and yak your mouth like we did 25 years ago.
13:43
It ain't 25 years ago.
13:46
And then Jim Farley went on some kind of podcast tour.
13:48
None of the podcast knew what to ask the guy.
13:53
So he starts making crazy comments
13:54
about the Mustang ECUs and how his daughter's F-150,
13:59
and you go, this wouldn't have happened
14:01
on an automotive podcast.
14:03
Why are you going on these podcasts
14:05
where nobody's connected to the whole system
14:07
that they don't know and it's not their fault, right?
14:09
If Jim Farley calls your podcast and says,
14:11
hey, I wanna be on your podcast.
14:13
Of course you're gonna,
14:14
he's the CEO of one of the biggest companies in America.
14:16
You're gonna be like, yeah, let's bring him on.
14:18
But if you don't know what to ask the guy,
14:20
and there's a follow-up question problem,
14:24
Ford has had massive issues for like 40 years.
14:28
It didn't start with Jim Farley.
14:30
By all accounts talking to educated people,
14:33
Jim Farley's trying to clean up Ford from the inside out,
14:37
but we don't get to see the inside part, okay?
14:40
And they never talk about these massive issues
14:43
that Ford has had, right?
14:45
And so when we look at the world
14:46
that Jim Farley and other CEOs live in,
14:49
I don't think they're living in 2025.
14:51
Why do you continually go on CNBC?
14:54
Your stock price is 11 or 12 bucks, bud.
14:57
I get going on CNBC if you're gonna drive it
14:59
to $120 a share, you're not gonna do that.
15:02
So why don't you start talking to people
15:04
that are gonna buy the fricking cars?
15:06
Mustang Mach-E is outselling your Mustang flagship,
15:11
sports vehicle, two to one.
15:14
And you're sitting there talking about ECUs.
15:17
You know, it's funny that you mentioned that
15:18
because I think one of the reasons could be
15:20
that he's not going on automotive dedicated
15:22
kind of channels or shows is because it's,
15:25
he's gonna get poked and prodded a little bit too much
15:27
than he wants to and has to dig into.
15:30
So when you go into a regular,
15:32
like I know this one was on Yahoo Finance
15:34
and the other two that I saw where it was like
15:36
random ladies, no offense to the ladies,
15:37
but the questions you could tell
15:39
were probably given to them to ask.
15:41
And if they went too off the beaten path,
15:44
he brought them back with kind of like his,
15:46
with his weave, if you get that term, you get it.
15:50
But I think what they're also trying to do
15:52
is thread this needle of, look,
15:53
the enthusiasts are never gonna be happy with us.
15:56
We're doing some stuff, but not enough ever.
15:59
So let's try to get the regular consumer
16:01
and use all the buzzwords.
16:02
It's gonna get the regular consumer
16:03
in better terms with our brand going forward,
16:06
whether we go all EV,
16:07
they made the big email EV update announcement
16:11
And I think that's the play
16:12
because they're trying to, he, whoever
16:14
is trying to look at the larger picture
16:16
and unfortunately leave the enthusiast
16:18
kind of in the past.
16:20
Well, and also I don't think
16:23
it's working the way they think.
16:26
Right, because you have this thing
16:28
where he talks about Ford being this American company.
16:33
One of your best selling vehicles should be Maverick.
16:36
It's being built in Mexico.
16:38
You talk about how you got this $2 billion tariff bill
16:41
that you're trying to negotiate with the administration.
16:44
How'd you get a $2 billion tariff bill
16:46
if you're an American company?
16:49
Because again, you're using American company
16:51
as this thing that it really isn't at this point.
16:54
And by the way, I'm not blaming them for that.
16:56
Everybody needs to understand that.
16:57
But you're using Buzz words while also
17:00
in the next sentence saying,
17:01
we got a $2 billion tariff bill.
17:03
Well, you wouldn't get a $2 billion tariff bill
17:04
if you're building everything in the US
17:06
the way that you just said two seconds ago.
17:08
You're not really doing what you say you're doing
17:11
and you're making the problem worse.
17:13
We all love the guys like him talk
17:15
because we get to have conversation like this.
17:17
This is like unbelievable.
17:20
But you go, I think you guys need to rethink
17:24
who and what you're talking about.
17:25
Because again, I'm not saying you have to come to us
17:28
to get to the enthusiast, okay?
17:31
But you should come to us for a competent conversation, right?
17:35
There's a very big difference.
17:37
These conversations he's having are,
17:40
the technician one is incompetent.
17:43
He knows why there's a shortage.
17:45
They're not getting paid enough, okay?
17:47
They're not getting paid enough
17:48
because there's a system called flag hour
17:51
or peace work or whatever words you wanna use.
17:53
And it's completely screwing up the workflow of everything.
17:58
But you're not gonna hold just like they didn't during COVID.
18:01
You're not gonna hold your dealers accountable.
18:03
So here you go guys, you wanna blame the dealer
18:06
but their boss doesn't hold them accountable.
18:08
Because Jim Farley and Ford Corporation
18:11
is the boss of the dealership.
18:13
You can sit there and think whatever you want
18:15
that they don't have an overlord
18:16
but they don't get cars unless Ford sends them.
18:19
So if Ford didn't send these dealers cars
18:21
they wouldn't have any cars to sell.
18:24
So it's a partnership.
18:25
You know, we've all heard these adages of like
18:26
how the tongue is like a sword or a blade, right?
18:29
Especially usually when somebody's talking
18:30
kind of ugly to you or mean.
18:31
Well, when somebody's as slick as Mr. Farley thinks he is
18:34
and might actually have been
18:35
and still kind of be to some people,
18:37
because it's cutting when he's speaking
18:39
but he's cutting himself too
18:40
because he doesn't understand sometimes
18:42
how self inflicting the wounds are
18:44
of the dumb shit that he says sometimes.
18:46
Yeah, and by the way, he's a really fricking smart guy.
18:49
Yeah, you could tell.
18:51
He's a really smart guy.
18:52
And I actually like from what I can decipher
18:57
some things they're doing internally
18:59
to streamline their business
19:00
which is kind of nerdy stuff
19:02
that's not worth talking about.
19:04
I know he doesn't have an easy job
19:06
but you're building F-250s in Canada.
19:11
You don't need to build F-250s in Canada.
19:13
That doesn't need to happen.
19:14
You need to get, if you wanna be an American company
19:16
let's go ahead and be an American company, big dog.
19:19
But you gotta put the money up.
19:20
Once it stopped becoming the number one
19:22
best-selling truck in America,
19:23
he's like, we're gonna move into Canada, all right?
19:25
Chevy took over, we're out of here.
19:28
Yeah, but look, for everybody wondering
19:32
what he was talking about in that clip though,
19:34
there's a huge technician shortage
19:36
and again, I think Ben wrote in his email
19:39
is that because of all the recall work?
19:41
I was just about to get to it.
19:41
It's not really the recall work, man.
19:43
I mean, that is a big issue for Ford,
19:45
there's no doubt, but you can go into Ford dealerships
19:48
and have 10, 20, 30 bays.
19:51
And it's like a Walmart with the checkout line.
19:55
They got 700 checkout lines, but two of them are open.
20:00
They just have a financial, the whole financial incentive
20:04
to become a technician, cars are harder to work on,
20:08
you gotta move more things out of the way
20:09
to get to the part that's broken.
20:11
And by the way, you don't get paid
20:13
except for whatever they budgeted that time to be.
20:16
So if they say this job's gonna take an hour
20:18
and you take two hours, you get paid for an hour, right?
20:21
That's how flag hour works.
20:23
And so you got people rushing work, work is less quality.
20:26
That's a system that maybe worked 10 or 15 years ago
20:29
and cars were easier to work on.
20:30
It's not working now.
20:32
And you have more technicians saying,
20:33
I wish I had to become an HVAC tech, a plumber.
20:36
And once you can work on a car,
20:39
going and being an HVAC tech is,
20:41
I mean, you can go do that in an afternoon
20:43
for some of these guys, they're so talented
20:45
and they can make a lot more money.
20:46
Yeah, it's funny that you brought up the grocery store,
20:49
you know, like seven aisles and like two of them
20:50
or one of them work.
20:51
What happened to the point where they're,
20:53
now they're all self, so first of all,
20:55
it was like people are checking you out.
20:56
There's all these lanes, one person checking you out.
20:57
Now you got the self-checkout, a dozen of them,
21:00
but two lights are on, you can't use the rest of them.
21:02
Yo, I'm gonna lose my mind.
21:04
Becky can't watch 10 self-checkouts at once.
21:07
You gotta bottleneck this thing.
21:09
You gotta get all the IDs like for the alcohol
21:11
or whatever, you just gotta go scan or thumb
21:13
every five seconds.
21:14
Yeah, gotta turn the key, gotta swipe the card.
21:16
I mean, dude, it's, this is such a great conversation,
21:19
but again, from the LX470 video
21:22
to what Jim Farley just said,
21:23
we are losing the men and women that can do this work.
21:28
And we've told a lot of the guys
21:29
that are into more vintage cars, which, you know,
21:32
once you get to something's 20 years old, man,
21:34
you're into a pretty, it's not vintage like a 1950s,
21:38
but you know, your car gets 20 years old,
21:40
less and less people can work on them,
21:42
less and less people know what they're doing.
21:44
Most of your technicians, you know,
21:45
are really young at the dealership or whatever.
21:48
They don't know you're, you know,
21:50
they've never worked on a car like yours sometimes.
21:52
And you start to run into real issues, man.
21:54
And all of us are gonna probably have to start working
21:57
on some of these vintage cars.
21:59
And I'm the kind of guy, man,
22:00
I haven't wrenched a whole bunch on cars.
22:02
And so it's gonna be a learning process for me,
22:05
just like everybody else, but I think we're headed
22:08
I mean, we are in such a shortage.
22:10
It's great, he's talking about it,
22:11
but he has the answers.
22:13
They don't wanna talk about it.
22:14
They don't wanna talk about the money it's gonna take.
22:16
Yeah, I think the only, not the only,
22:18
but one of the bright sides of it is that I do keep reading
22:20
how the interest from young people is shifting
22:22
towards the trades, right?
22:24
Whether it is HVAC automotive,
22:26
but if they're also on social or online at the same time
22:29
they're trying to learn about those career paths,
22:31
they're gonna get discouraged really quickly,
22:32
which is kind of like that's the double-edged sword
22:34
to that because you go to school for it,
22:35
find interest in it,
22:36
whether it's through your family, parents or whatever,
22:38
or just genuine interest.
22:39
And then you go to your school, you do a thing
22:41
and they hop online and you're like,
22:42
all these texts are really complaining about
22:44
all these different jobs that are out there.
22:45
Do I wanna keep doing this kind of thing?
22:47
Yeah, no, no, it's a big problem.
22:48
And I wanna root everybody on.
22:51
There's a lot of money.
22:52
I own a blue collar business.
22:54
There's a lot of money in what my guys do every day.
22:57
I just don't think everybody's been told about it
22:59
for the better part of two and three generations now.
23:02
And there's people that I trust
23:06
that were down in Austin and like,
23:07
hey man, the building trades,
23:08
if you went and started an electrical company in 2020,
23:12
I mean, some of those electrical and HVAC companies
23:14
that were 10, 20, $30 million in a five-year period,
23:18
And I mean, it's happening every day.
23:20
And the car business has to get real.
23:24
The number one manufacturers are building cars
23:26
that are harder and harder to work on,
23:28
that are having more and more catastrophic stuff happen.
23:32
And then you need somebody to be able to tear it down,
23:35
but you gotta pay them.
23:36
And so really the change is gonna be
23:39
when they take technicians and put them on salary,
23:42
that's when I think you're gonna actually see this change
23:44
because you gotta guarantee people something.
23:47
You can't just keep doing it this way.
23:49
But Jim Farley, I mean, probably to his credit,
23:52
doesn't wanna throw his dealers under the bus and go,
23:54
hey, this whole ecosystem that Ford
23:56
and our dealer network has made,
23:57
it doesn't work anymore,
23:59
and we need to start paying salary,
24:01
probably need to start with signing bonuses.
24:03
I know somebody that used to own
24:05
one of the biggest heavy equipment companies
24:08
they recently sold it for a few billion,
24:10
which is, that's a nice payday, I'm assuming.
24:14
They were paying 30, 40, $50,000 signing bonus
24:16
to get heavy equipment tax.
24:20
They've been doing that for the better part of last decade.
24:22
Here's a question for you
24:23
that's more like a historical opinion
24:25
or you might actually know.
24:27
Is there any example,
24:28
and maybe I'm just forgetting,
24:29
but is there any example in the automotive world
24:30
where an executive will just call
24:32
whoever the top dog was of any company at a time
24:34
that went as far as to say,
24:36
I'm gonna cut my salary in half
24:38
to make sure we don't have to lay off people,
24:40
give people better.
24:42
I'm sure, but you guys all gotta remember,
24:44
and let me say this very clearly,
24:45
even if somebody takes a $1,
24:48
the proverbial, I have a $1 salary,
24:52
they're making it up exponentially in stock options,
24:55
they ain't taking a hit.
24:56
And the reason I bring that up,
24:57
the reason I bring that up
24:58
is because I've grown up loving gaming,
25:00
my kids love to game,
25:02
they'll practice more so they can game more.
25:05
that's a great trend for me.
25:07
a long time ago now,
25:08
it sounds crazy to say,
25:09
I was a manager at a GameStop
25:11
and I think it was around the time
25:12
we was a big thing,
25:13
and Nintendo in general
25:14
had a lot of things going on
25:15
and whoever was running the show at the time,
25:17
and please correct me in the comments
25:18
if you've got some gamers that listen to this show,
25:19
I'm sure a lot of you dads
25:20
and people who love gaming,
25:22
whoever was running the show was also a developer
25:24
and was also a coder
25:25
and it also helped a lot of things come together
25:28
for Nintendo at the time that was struggling
25:29
and the story goes that he himself
25:32
literally cut all of his compensation in half
25:34
to make sure that the developers
25:36
and the people that needed to get these systems
25:37
and games out at the time
25:38
didn't lose their jobs
25:39
and they were able to finish the projects.
25:40
I don't know if that's ever really happened
25:42
in the car world to that,
25:43
if it was that authentically done.
25:45
I think there's actually a bigger problem.
25:47
You go to a really good point here.
25:49
I think a lot of executives
25:52
haven't come up through the ranks.
25:54
The way that they should.
25:55
I mean, we're seeing that here in Las Vegas.
25:57
I mean, the stuff that's happening with the casinos,
26:00
everybody for generations that used to run the casinos,
26:05
they started as, hey, I was a blackjack dealer
26:08
and then I became a pit boss
26:10
and then I became the manager of the pit bosses
26:12
and then I went up into the C-suite
26:15
and so they knew the business head to toe.
26:18
There's a huge problem with that
26:19
in every corporation by the way.
26:21
I mean, you can see,
26:22
look at the Starbucks fiasco right now
26:24
where they basically brought in a CEO,
26:26
had no clue what he was doing,
26:27
another shut in stores and they got a guy,
26:30
I think the guy turned around Chipotle
26:32
who they've now hired to come in and turn around Starbucks.
26:36
And obviously he's a smart operator, right?
26:38
He's gonna turn the share price around
26:39
and turn the company's financials around
26:42
but that doesn't set you up
26:44
for success long-term necessarily all the time.
26:47
But those homegrown executives,
26:51
that's kind of a thing of the past.
26:54
they do come up a little bit through it
26:56
but did they start on the assembly line?
26:59
I don't know that most of these executives did.
27:01
And I don't wanna begrudge anybody
27:03
or say that I know that 100%, okay?
27:07
I'm not saying, I'm sure there's some out there
27:09
but there's something to learning the business.
27:12
And this is why I think college is so
27:16
incredibly less valuable today than it's ever been
27:19
is because what everybody's learning is
27:22
when that guy is 20 years old
27:24
and he starts at the bottom of a business
27:26
and then he becomes an executive,
27:27
those companies tend to do very well, right?
27:31
And it's very hard to predict an executive hire
27:33
of somebody that's never done or been in that business
27:37
from the bottom to the top.
27:39
And I think that's going to make a big, big return.
27:41
And that's another reason why
27:42
if I was 18-year-old guy listen to this,
27:45
let me tell you, man, just go do something,
27:48
get into a company.
27:49
And I would say 10 years from now
27:52
you'll be an executive
27:53
because I think more and more companies are like,
27:55
yeah, we're done with this,
27:56
hiring somebody from the outside.
27:58
John's been here from the beginning,
28:00
we're just going to keep moving.
28:03
and that's the way it always should have been.
28:04
And that's what the generations long ago used to do.
28:08
And that's how so many of those people did so well.
28:10
They didn't move around a ton.
28:12
They went into a company, they got promoted.
28:14
And I really think that's making a comeback.
28:17
And I don't even think it's making a comeback.
28:18
I think it's here now.
28:19
Yeah, I totally agree.
28:20
And I can't name names,
28:21
but I have family that work
28:22
in some of these bigger fortune companies.
28:23
And the amount of stories I hear at the holidays
28:26
at whatever kind of gathering of
28:27
the amount of C-suite level people that are changing,
28:30
especially people at the top top,
28:31
because they came from similar
28:33
or maybe even indirect industries into a new one.
28:36
And then it's just, it's a shit show.
28:38
But because of the credentials of like some other industry
28:40
they think that they're just going to plug them in
28:42
and it's going to work, it almost never works.
28:44
Yeah, it's very difficult, man.
28:47
and there's some talented executives out there.
28:50
There are some people that know how to run companies
28:52
that know how to run operations.
28:54
You could stick them into any company
28:55
and they would be successful.
28:57
That's a tiny percentage, man.
28:59
And that's why when people bass executives, I go,
29:02
well, what you hope is you got one of the good ones.
29:04
Because when you have one of the good ones,
29:06
your company that you're working for
29:09
or that you like their product,
29:10
that shit's going to work.
29:12
But you got to get in a,
29:14
I mean, it's like a needle in a haystack.
29:15
And we never really said that out loud.
29:17
And Jim Farley is the perfect example.
29:20
Jim Farley knows the problems.
29:22
Jim Farley is now on this crusade
29:24
to bring blue collar work back.
29:28
But Jim Farley is dodging the biggest issue, which is pay.
29:31
And that's when everybody out there looks at it and goes,
29:35
I wish somebody would have asked a follow up question.
29:37
And that's where I think their corporate team
29:39
is not thinking this through and go,
29:41
guys, if you came on something like clutch culture,
29:43
I'd be like, Jim, I know what the problem is.
29:46
You know what the problem is.
29:47
When are we going to talk about the pay
29:50
disparity that's going on with the flag hour stuff?
29:53
And how do we get these people on salary
29:55
and make it a profitable business
29:57
and make sure that the customer's handled?
29:59
But dodging that issue does,
30:02
and I think Mike Rowe does this a lot too,
30:04
who's really into this thing.
30:06
You got to start calling some people out.
30:08
And by the way, they don't want to do that
30:10
because some of those people are their friends.
30:12
Some of those people are their executive friends.
30:14
Some of those decisions they were a part of, right?
30:17
So they don't want to bash themselves.
30:19
And it's like, guys, we've made a mistake
30:20
for a couple of generations here.
30:21
That's all, just fix it.
30:22
Yeah, you know, you say some of these things
30:24
aren't being said out loud.
30:26
You know, Nick and I will talk about
30:27
these kind of topics often.
30:28
And one thing you just said right now,
30:29
like if you're 18 listening to this,
30:31
or if you have a kid maybe that you're listening to this
30:33
that's around that age and you're encouraging them
30:35
to just start something like Nick said,
30:37
doing that, it requires this thing I call,
30:40
and a lot of people are familiar with,
30:43
And unfortunately, it's like,
30:44
that's a dirty phrase these days.
30:46
Like you can't be bought into corporate America
30:48
or the corporate, which, I mean,
30:49
you and I aren't in corporate America.
30:51
We've done things in corporate America before
30:52
and then you kind of get out
30:53
and you do your own thing and it works.
30:54
And it's not for everybody, but great if you make it work.
30:57
But you need the people that be bought in,
30:58
especially the young people when they're 18
31:00
or when they're 20, so that when they're,
31:01
you know, 30s and 40s and beyond,
31:02
they're the people that know how to operate something
31:05
and they're not just, you know, shitheads.
31:07
I tell people all the time, go look it in and out.
31:10
You start as a fry cook it in and out.
31:12
10 years later, you're managing it in and out.
31:14
You're making 160 grand a year.
31:17
You want to tell me, you don't want to go cook some fries?
31:21
Okay, man, because 160 grand is coming.
31:23
Yeah, because we're gonna keep building more.
31:26
Bucky said they'd get a quarter of a million
31:28
to just, you know, do the registers or the gas or something.
31:31
So we had somebody that we knew
31:34
that managed all the pharmacies in a region for Walmart.
31:40
She wasn't a pharmacist.
31:42
She wasn't a pharmacist.
31:43
And I can tell you a quarter of a million was pretty light.
31:46
I was gonna say that's like a half a million right there.
31:48
I mean, and guess what?
31:51
Yeah, but I mean, a woman wasn't that old
31:55
but she had started at the beginning of Walmart,
31:58
worked her, you know, used Walmart to pay for education
32:02
and all that kind of stuff,
32:04
stayed with Walmart, didn't go anywhere else,
32:07
gets into managing the pharmacy, you know, of a region
32:10
and all of a sudden you guys tell me
32:11
corporate America doesn't pay off.
32:13
I'm not saying it's great at the beginning.
32:15
They're not telling people what the five and 10 year plan is
32:17
because they think there's no money in it.
32:19
You and I know plenty of people that have become millionaires
32:22
that are not that extremely talented.
32:24
They just stuck with a company
32:25
and learned the systems of the company
32:28
and did what the company told them to do.
32:30
And all of a sudden they're making 150, 250, 500,
32:33
a million with stock options.
32:35
And all they did was stick it out.
32:37
They're not any smarter than anybody listening.
32:39
They're good people that stuck it out and they go,
32:42
yeah man, what a great life I got.
32:44
Yeah, they got some good stick-to-itiveness about them.
32:48
And like I said, the entrepreneur bros on the internet
32:52
have made you believe that there's no money in any of this
32:55
and there's tons of money in all of it.
32:58
There's a lot of articles going around right now.
33:01
My feeds are so weird, dude,
33:02
like because I watch them a difference,
33:03
I'm sure you're the same.
33:04
You got the Eastern Block guys
33:05
that are screwing up the cars
33:06
and then you got the Cobblers.
33:07
By the way, that's the fundamental part of my story.
33:10
That's the cornerstone.
33:12
The Cobblers and the business is all like secondary
33:15
Oh yeah, that's a distant tent.
33:18
So there's these things going around where influencers,
33:21
and please chime in, if you have examples of videos,
33:23
we'd love to maybe pull them up on the show,
33:24
are quitting their influencer lifestyles
33:26
to go back to the nine to five.
33:27
I don't know if you've seen these videos.
33:30
Dude, and I'm not even laughing at them
33:32
because I do a lot of stuff media-wise
33:33
and I have for 15 plus years now,
33:36
but because you mentioned the entrepreneur bros
33:38
and these business bros online,
33:41
they're good at telling stories.
33:42
They're good at convincing you with their words.
33:44
Going back to Mr. Farley here,
33:45
you've got a sharp tongue,
33:46
like they're very savvy, very slick,
33:49
and they've made it work for them
33:50
and they make everybody believe
33:51
that they can make it work for themselves.
33:52
And then most of these being girls,
33:54
they're like fashion influencers or whatever,
33:56
they're like, yeah, I'm going back to a nine to five
33:58
because I just make way more money
33:59
than being a fashion influencer.
34:02
I always tell people, man,
34:03
my first five to seven years in business,
34:06
I had job offers on the table
34:08
to make considerably more money
34:09
than I was making for those five to seven years.
34:11
And you've got to hope you make it up on the back end,
34:14
but 90 plus percent of people don't.
34:16
And so, you know, stop listening to idiots like us online.
34:20
No, no, no, no, no, no, no, no, no, don't listen,
34:22
no, don't listen to Nate, listen to me,
34:23
listen to us is what I say.
34:25
Here's the thing, man, you know what'd be cool?
34:27
And look, I've shared this before,
34:29
but a guy I knew who was the number one
34:31
most certified person in all of Mercedes-Benz,
34:34
all he did was a service manager for a dealership here
34:38
and he made anywhere from 250 to 450 a year
34:42
depending on bonuses.
34:44
And he never went to college,
34:47
didn't work extremely hard every day,
34:50
but he was so good at what he did.
34:52
Techs loved working for him.
34:54
It was the busiest Mercedes dealership,
34:56
service-wise they did great work.
34:59
He was great at what he did.
35:01
That dealership paid for a country club membership
35:03
and company car and all of this other stuff
35:06
that he wanted, but he did all the certifications.
35:09
He always did what they asked him to do.
35:11
And he went on, put all of his kids through college,
35:14
paid all the money, three, four kids, paid it all for him,
35:18
was making 250 when 250 was unheard of, okay?
35:22
Now that job's probably every bit of half a million dollars
35:25
if he would have stuck around just base salary
35:27
because of how much work they were pumping.
35:29
Guys, there's a lot of money around the world.
35:31
And again, I don't wanna see this technician world.
35:34
I understand why technicians are quitting.
35:36
Don't get me wrong.
35:37
I'm not trying to tell people
35:38
to go into something unprofitable for them
35:40
or something that they love.
35:42
But Jim Farley and others need to start getting serious
35:45
that there's a lot of payment issues
35:48
that you guys need to rectify.
35:50
And don't tell me it's not a parts issue.
35:52
Okay, you have plenty of parts issues, my guy.
35:54
That was the first thing he said.
35:56
It's not a parts thing.
35:57
It's not a parts, the first thing he said.
35:58
Of course, waiting six months on a tail light
36:01
is not, it's not our issue.
36:02
It's like, come on Jim,
36:03
you guys couldn't build your own vehicle.
36:05
You know, you mentioned Mercedes right now
36:08
and the work there.
36:09
And they just, I don't know why
36:10
made me think of the Porsche story
36:10
that you told a while back.
36:11
I wanna know where that guy is
36:12
that got his people pretended to be him
36:15
and he took you out.
36:16
I wanna know where-
36:17
I'm sure they got fired.
36:19
I wanna know where they are
36:20
and I wanna know where the guy is
36:21
that took care of you.
36:22
Or they're running all of Porsche.
36:23
I'll like look it up and be like,
36:24
hey, that guy made it to the top of Porsche.
36:26
They're the guys that are in charge
36:27
of all these allocation programs.
36:29
You know, everybody's always going nuts about-
36:30
Yeah, everything that's a mess.
36:34
All right, we'll stay on the subject
36:36
of the kind of the car world and car sales stuff.
36:39
And I had a video sent to me.
36:40
You know, we referenced our good friend,
36:41
not real friend, but we like his social,
36:43
Ben's and Bowtie's.
36:44
And I don't need to play the whole video,
36:46
but you've talked about how frequently
36:47
people buy cars, right?
36:48
Cause we had early on in the show,
36:49
like first couple of months,
36:51
buying versus leasing, financing, paying cash,
36:53
the same kind of conversations.
36:55
But in this video, he breaks down
36:57
some of the math where it comes to like population size.
37:00
You know, he talks about the population of the US,
37:02
how many of them have licenses
37:03
and the people that are drivable age,
37:05
and then breaks it all down to the,
37:07
even to the number of like the thousands per year
37:09
per month that buy cars.
37:11
End of the day, you buy or lease,
37:12
whatever makes most sense to you.
37:14
Do you have any way of distilling that?
37:15
Because in the comments, what rang true to me
37:17
was that people were just completely unaware
37:19
of the consumer's habits.
37:21
Also not knowing that they're typically
37:22
in that consumer habit themselves.
37:23
They don't keep the car typically more
37:25
than three years, four years,
37:26
and then it gets something else.
37:27
Yeah, I mean, I say this all the time.
37:29
People would tell me how long people keep Toyotas
37:31
and people keep Volvos and Subaru's longer.
37:33
Yeah, that's right.
37:34
You were saying that during all the videos.
37:36
People just don't know what they're talking about.
37:38
And again, this is what hurts the consumer.
37:39
So for everybody following us,
37:42
consumer hurts themselves more than a dealership
37:45
or the manufacturer.
37:46
The consumer signing on the dotted line,
37:49
coming in and having negative equity
37:51
and then rolling that to another car.
37:53
I mean, I know guys that have rolled negative equity
37:55
on, you know, five, six, seven cars ago.
37:57
They're still rolling negative equity.
37:58
That was a big part of this too,
37:59
is the negative equity, yes.
38:01
Yeah, I mean, people don't realize,
38:02
I mean, negative equity is financed at 2X, right?
38:06
So whatever your finance number is,
38:08
that's a good rule of thumb,
38:09
probably different when interest rates
38:11
get out of control or whatever.
38:12
But assume, let's just say for every thousand dollars,
38:15
you know, you pay 20 bucks a month.
38:17
I'm just using a round number, guys.
38:18
I'm not deep into what the financing is right now.
38:22
But let's say it's a thousand dollars,
38:23
you had to pay 20 bucks for that thousand bucks
38:26
or 20 bucks for that thousand bucks.
38:28
If that thousand bucks is negative equity,
38:30
you got to pay $40 to finance it, okay?
38:33
That's a very big problem.
38:35
And I know guys that had,
38:36
I mean, even when a thousand dollar payment was insane,
38:39
they'd buy a truck, they have a thousand dollar payment.
38:41
I'm like, what happened?
38:42
And then they'd come in and talk to me and I'm like,
38:44
dude, four cars ago, you still have negative equity
38:47
that you haven't paid off from that car.
38:49
And again, buying the car intelligently
38:53
and then understanding when to get in and out of cars
38:55
is a real thing that consumers have no idea how to do.
38:58
And they don't know until they walk into the dealership.
39:00
So they're going off the dealer telling them what to do.
39:03
And then they're complaining about the dealer.
39:05
I go, bud, if you didn't know going in
39:07
what was gonna happen, the dealer's gonna tell you
39:09
what they're gonna tell you,
39:10
but that's not the place to get the education.
39:12
You should be educated before walking into the dealer.
39:15
Dude, well, where can people get this information?
39:17
Because no matter how many times
39:19
you hear a different personality,
39:20
it could be you or I or anybody else on the internet,
39:22
breaking down the money factor versus the finance fees
39:25
versus the terms of the lease versus whatever,
39:27
they still go in there every two or three years
39:30
making the same mistakes.
39:32
Yeah, well, the number one thing is if you buy cars,
39:35
not lease or anything like, but if you're buying cars,
39:38
number one, negative equity has to be a no-go.
39:42
You can't start with, yeah.
39:43
You can't start with negative equity.
39:45
So most people I say, I tell them,
39:49
if in your lifetime of buying cars,
39:51
you've never actually paid a car off,
39:53
I know you're usually in a lot of trouble
39:56
unless you're in a certain tax bracket.
39:58
And everybody needs to see it this way
40:01
that once you get to a certain tax bracket,
40:03
cars aren't a decision.
40:05
Negative equity is not a decision.
40:07
I mean, I've had people write $100,000 checks
40:09
to wipe away negative equity.
40:11
There's a certain tax bracket that this does not pertain to,
40:14
but the average middle class or below,
40:19
the real thing is to get something paid off
40:21
that you've taken care of
40:22
if you're going to be buying cars.
40:24
Now, if you are in the leasing world,
40:26
hey man, find the best lease deals,
40:29
get them at the time,
40:30
make sure you stay within your mileage,
40:33
I mean, leasing is really straightforward.
40:35
This is your payment.
40:37
You're not responsible for anything
40:38
other than your payment.
40:39
You're gonna turn a car back in,
40:41
make sure you don't screw up your lease,
40:42
make sure you don't curb all your rims
40:45
and scratch up your car
40:46
and all that kind of stuff that you can get dinged for.
40:48
Don't go over your mileage allotment.
40:50
Leasing's real easy to understand.
40:53
Just follow the terms of the lease to the T, you'll be fine.
40:57
Like leasing is not a bad option.
40:59
If, again, there's business reasons to lease
41:01
and all kinds of different reasons to lease a car.
41:05
I've been paying cash for cars forever
41:08
because I just flipped cars
41:10
and I kept the count separate from everything else
41:12
and this is my car account,
41:13
and if that account didn't go up,
41:15
I didn't go buy cars, right?
41:17
So that's how I buy cars,
41:20
but I don't think it's somehow the best way to buy a car.
41:23
You can easily finance cars and not get screwed over
41:26
and the number one way to screw yourself over
41:29
is negative equity.
41:30
One thing I don't think I've heard too much people talk about
41:32
is those that come to the end of the lease
41:34
and then they have different stories of like
41:35
they chose to buy the car
41:37
or what the better option might be depending,
41:39
I guess, on the car, in that situation.
41:41
Yeah, so you just have to find out at the time.
41:43
So let's say you get to the end of the lease
41:45
and your buyout's 30,000 and you have to finance it.
41:49
Well, if going and buying that car you want
41:52
that's similar to yours is like $75,000,
41:57
you might go, hey man, this car's been taken care of.
42:00
I did every recall during the time.
42:02
I did every oil change.
42:04
This is a good deal.
42:05
I look at Kelly Blue Book, it's a reasonable price
42:08
and right now I just wanna keep the car.
42:10
I wanna get it paid off.
42:11
I wanna have this car.
42:12
Maybe I'm gonna pass it down to a son or daughter
42:14
or whatever the case may be.
42:17
Just don't do negative equity.
42:22
And if you wanna buy out a lease, usually, look,
42:25
a lease is just financing the depreciation.
42:27
That's all you've really done is finance
42:29
the depreciation curve of the vehicle
42:32
and that's okay, right?
42:33
But when you get to the end,
42:35
make sure you look at all your options, okay?
42:37
If I finance this 30,000
42:39
or is it gonna be the same if I go finance something
42:42
that is technically more expensive
42:44
but it's brand new and they have all these incentives
42:46
on the lot and I can get the same exact payment.
42:48
I can get the upgraded everything.
42:50
I got it under a better warranty.
42:52
I got, there's all these things,
42:54
but guys, none of this is rocket science.
42:55
You just gotta write down what's going on yourself
42:58
and you gotta say, okay, here are the facts here
43:01
and here are the facts to do this other thing.
43:04
Which one fits what I'm trying to do?
43:08
But here's the thing, you gotta do that exercise.
43:10
Yeah, you gotta mentally and actually do it
43:13
when you have that in front of you.
43:15
I don't know if anybody's ever heard this.
43:16
There's a lot of things in a lot of different world
43:18
where people say something like this.
43:19
Compliance is the science.
43:22
Oh, that's a good one.
43:23
I haven't heard that in a long time.
43:24
Yeah, compliance is the science.
43:26
I used to hear that in the bodybuilding world a lot.
43:27
Oh, here's the thing.
43:28
You and I know about guys cutting weight.
43:30
Yeah, that's what I was gonna say.
43:31
Okay, the guys that miss weight
43:33
don't comply with what they were supposed to do.
43:35
Look, Kevin Gaslam looks good at any weight.
43:37
We can all agree on that, okay?
43:39
Even if he's missed every weight for the last eight years,
43:42
no offense, I love Kevin Gaslam, just saying.
43:44
Yeah, but it's, again, he's not complying.
43:47
He's trying to cut too much weight.
43:49
I mean, look, I know guys, I mean, myself,
43:51
I could tell you this.
43:53
I can cut 22 pounds in 24 hours if I really need to, okay?
43:57
Not today, but I've had that in my past, okay?
44:00
You imagine Nick at this age,
44:02
be like, you know what, this Christmas,
44:04
I'm gonna come shredded to Christmas Eve.
44:05
Yeah, yeah, 22 pounds in 24 hours was a possibility for me.
44:09
And by the way, I did it more than a lot, okay?
44:12
So I would say to everybody
44:14
that you have this similar situation
44:15
is like, that's all unnecessary.
44:18
That's not the right way to cut 22 pounds.
44:20
That's not the right way to finance your car.
44:22
You guys have to think about this.
44:23
Complying with just good financial decisions
44:27
is going to go light years ahead of 99% of people
44:31
that walk into a dealership.
44:33
And again, don't think leasing is bad.
44:35
Don't think paying cash is bad.
44:38
Don't think financing is bad.
44:39
Find what works for you in the moment of,
44:43
let me see what I want out of my car experience
44:46
the next two, four, six years.
44:49
And again, you're not gonna guess that perfectly,
44:51
but at the end of it, do not roll negative equity.
44:56
If you do that and you get in the habit of doing that,
44:58
you are going to get raked over the coals
44:59
and the only people that win
45:02
are the banks and a dealership.
45:04
That's it when you roll negative equity.
45:06
But there's a ton of good,
45:07
you guys are about to see a ton of great lease deals
45:09
here at the end of the year.
45:09
Dude, you sounded like when a parent's trying to talk
45:12
to their kid, like, don't do that.
45:13
Like you're really worrying on, don't do that.
45:14
Yeah, don't do that.
45:16
Like, here's the thing, man.
45:17
I've had to do it a lot for people.
45:18
Some could economically, doesn't matter.
45:21
Others, it was a real painful two, four, six years.
45:27
You're like, I'm gonna lose more sleep over this
45:30
He's just don't know.
45:30
100% because I mean, I've had families in here.
45:32
I've had somebody that got referred to me
45:35
and I'm like, oh, what we're gonna have to do here
45:38
is just gonna, it's gonna be painful.
45:40
Like they're, you know, and again,
45:43
your tax bracket is the decision maker
45:46
that a lot of people don't wanna hear.
45:50
All right, we got to shift into one of the topics
45:52
that I thought we'd talk about way sooner
45:53
because it's exciting news to us.
45:55
I mean, most off-roaders,
45:56
I think Nissan officially makes the announcement,
45:59
confirm the Nissan XTERRA is coming back, Nick.
46:01
This, I might actually get a lease on this.
46:03
That'll be the first lease I ever get
46:04
to get an XTERRA just so I can feel nostalgic.
46:05
Hey, your boy got an XTERRA,
46:08
what is that, about 12 years too late, 15 years too late?
46:11
Where are we at on the lateness of this?
46:13
What are you talking about?
46:14
It's just a right, it's at the right time.
46:16
We canceled the XTERRA right when
46:18
the overlanding market took off.
46:20
It's like when Toyota canceled the FJ,
46:22
right when things got hot in that marketplace.
46:25
Those moves really should be studied
46:26
when you say it like that.
46:27
Oh, so the XTERRA was the most egregious move
46:31
Whoa, look at the interior of this thing.
46:34
Hey, this isn't your dad's XTERRA.
46:35
No, or sister-in-laws.
46:37
She had one of these.
46:38
My mom had one of these for a little bit.
46:39
Hey, they got rid of,
46:40
I think they bring the plastic back.
46:42
Bring the plastic back.
46:43
No, what's wrong with you?
46:45
Hey, why are they showing me an Armada?
46:47
That's not even the XTERRA.
46:49
Infinity, this is the Infinity version?
46:51
Wait, what's going on there?
46:52
No, no, it's Nissan Armada they just showed.
46:54
What are you doing to me, Rob?
46:56
Hey, who is this, Motor Trend?
46:59
Can't you guys get a pre-production model?
47:03
Oh, you're right, what is going on?
47:06
Hey, Motor Trend, this is garbage.
47:08
Go down, can you go down?
47:09
Let me see the inside of this thing.
47:11
I need the inside of this.
47:13
Where are these pictures at?
47:14
Do I have to scroll through individually?
47:16
Oh, yeah, you got to scroll over.
47:17
Oh, they brought back the tailgate though.
47:22
Honestly, that still looks pretty decent
47:24
if you see those today.
47:29
XTERRA was real cool.
47:33
Why are we such fanatics for these boxy looks?
47:35
Hey, look at your boy with the big boy bumper on there.
47:38
You don't like the horns though, right?
47:40
Or the bars or whatever you want to call them.
47:42
Why do we only get two pictures of the new one
47:44
and all the old stuff?
47:45
Hey, Nissan couldn't have their device.
47:47
Well, they got rid of their design place out
47:49
in California so they couldn't mock this thing up.
47:52
I wanted more shots.
47:56
I'm glad they're doing this.
47:57
For everybody, they know we're rooting on Nissan
48:00
because I don't want to see less options for any of us.
48:03
But that looks pretty good, man.
48:05
Yeah, the two pictures were good.
48:06
That looks pretty good for everybody.
48:07
You go check it out on YouTube
48:08
if you haven't seen it or Google it.
48:10
I think that looks pretty good.
48:11
And now, the question is,
48:12
are you going to get the big tires on all of them?
48:15
Because this is what Land Cruiser has messed up.
48:18
Dude, just make that the base tire.
48:21
Yeah, well, the one that we just saw
48:23
that we thought was it but was an Armada,
48:25
you know, it has that Lexus problem
48:27
where I don't know if it's a,
48:28
of course it is, it will turn as a hybrid.
48:30
It's going to have that really small,
48:31
you know, storage capacity.
48:33
It's going to have the really, you know, just,
48:36
I don't know, unnecessary base tires
48:39
because, you know, it's also classy.
48:40
It's also nice, but it's also an off-roader.
48:44
Yeah, it looks good, man.
48:45
They did an awesome job.
48:46
I didn't tell you the Lamborghini Urus Hybrid.
48:51
The Lamborghini Urus Hybrid.
48:54
So I got, I got in one.
48:57
I don't know that it achieves what I'm trying to achieve
49:04
I don't know that I'm,
49:05
I don't know that the Urus buyer needs a hybrid.
49:08
I think they're probably good
49:09
no matter what the cash prices are.
49:11
You don't think chicks care that you have a Urus
49:16
I mean, I just go, I mean, isn't sort of the point,
49:20
like when I start this thing up and, you know,
49:22
I drive it around, there's the Lambo noise.
49:26
I'm not against it because I don't,
49:27
I'm not the one buying it,
49:28
but doesn't a Urus Hybrid just sound wrong when you say it?
49:32
Yeah, by wrong, you mean gay.
49:37
I mean, it looks cool.
49:39
Don't get me wrong.
49:40
I haven't pulled up here from the car and driver.
49:41
Can you find the light blue one?
49:43
The light blue one.
49:45
See if you can type in and get the,
49:46
get the light blue Urus Hybrid.
49:50
Jamie over here, you want me to pull it up
49:51
with lightning fast.
49:51
Hey, Jamie, can you pull that up for me?
49:53
Is it, is it just called a Urus Hybrid
49:55
or do you want me to give it another like little moniker?
49:57
I think it's called an SE.
50:00
Lamborghini Urus SE Hybrid maybe or something like that.
50:03
How did you, was it just like a customer car or did you?
50:05
Yeah, a customer car.
50:06
Hey, look, it's, I just don't know.
50:10
This is where we get into,
50:12
we, you and I would have voted for hybrids
50:14
over electric, full electric.
50:15
I think it, it makes a lot more sense.
50:18
I just think my question is,
50:20
was the Urus crowd saying, can you get me a hybrid?
50:24
I can guarantee you they weren't.
50:25
I can guarantee you that they're mad
50:27
that there's one there.
50:31
Yeah, looks good, man.
50:33
No, I bet you the people that own these now
50:35
are more upset that it exists, you know?
50:38
Rather they, they're like, great.
50:39
Now we're in the rest of the crowd
50:40
with the other homos that have these hybrids and EVs.
50:44
Oh, it's just one of those things.
50:46
It's like, I don't know if I was really clamoring
50:50
What are those gonna,
50:50
do you know what it runs?
50:51
Is it gonna be in the same ballpark of everything else?
50:53
I forget what it was.
50:54
I could probably pull the paperwork on it.
50:58
because I want, I have to know if it went up.
51:00
Cause you know, hybrids are supposed to cost more.
51:03
The SE Hybrid is starting at around 262.
51:06
Yeah, probably with all your options.
51:08
I think it probably was somewhere around three-something.
51:11
Once you're gonna get out the door.
51:12
For example, specific light blue Urus SE
51:15
significantly more than the base price
51:16
for the example showing priced over 344.
51:19
Yeah, I wanna say it was like three-something.
51:25
I sound so disconnected right now.
51:26
Like I'm just, like I don't know.
51:27
It's like guys, I see so many of these cars
51:30
like it just doesn't register.
51:31
I'm sorry that I didn't have the exact price ready to go.
51:34
Yeah, like I don't know, 260, 340,
51:36
something like that's around that ballpark.
51:38
Well, speaking of hybrids,
51:41
let's go ahead and just,
51:42
let's add on to the conversation.
51:46
The next Porsche Boxer Cayman
51:47
might keep the flat six, but go hybrid.
51:51
So what was the Porsche news
51:52
that they're keeping the engine, right?
51:55
So essentially this going away is not happening.
51:59
They're gonna keep the gas engine, which is great news.
52:02
Boxers and Caymans should always have a gas option.
52:06
Again, if they wanted to go electric,
52:08
I don't know why they just didn't do both.
52:10
This has been the conversation
52:11
we've all had a million times, which is,
52:14
I get it, there's a tooling issue
52:16
and there's a production issue.
52:19
Porsche doesn't have any problem raising prices.
52:21
They seemingly don't care what stuff costs.
52:24
They do what they have to do to run their business.
52:27
I think sometimes the weakness in the market
52:29
is now driving these decisions
52:31
because it's about to be a pretty weak
52:33
five to 10 year period in the car market.
52:35
You just had the boom period, that five year period.
52:38
The likelihood they have another five to 10 year boom
52:43
We're already seeing inventory start to pile up.
52:46
We're gonna get back to normalcy here.
52:48
I'm kind of interested to see what that does with pricing
52:51
because look, inventory's piling up.
52:54
Homes as well, but that's for another show.
52:55
We're gonna have a finance show, guys.
52:57
We're gonna have a real estate and finance show.
52:59
And you're two are gonna be finance bros,
53:01
real estate bros, construction bros.
53:03
The knucklehead finance hour.
53:06
Dude, that'd be the most popular show on the internet
53:07
along with the number one automotive podcast,
53:10
We'd just be talking about Bitcoin.
53:12
Whatever happened to BitBoy?
53:13
I think the guy went to jail.
53:15
But that reminds me of two things.
53:17
We're talking about Porsche on the hybrid.
53:18
It's been a couple of months,
53:19
but do you still have a couple of tabs open
53:21
with a potential Nick Porsche in 2026?
53:24
And before you answer, it's funny how I'm starting
53:26
to see some people in the creator world
53:28
talk about a certain model of car
53:29
that you were like, that's the car to get.
53:33
I think you know what I'm talking about.
53:34
A year worth of content.
53:36
One of our favorite creators,
53:37
I won't use his name, disappointed me,
53:39
took a lot of my ideas.
53:41
So I'm just kidding.
53:42
I don't know if he did or not.
53:43
I just tell myself because I like his content
53:45
so much, I'm like, I know.
53:47
I just want to write him an email.
53:48
So, but look, man, I mean, 996 Turbo,
53:52
it'd still be the one that I would get right now.
53:54
I think it's a no brainer.
53:57
Everybody has the, did you know Larry Chen has one?
54:01
He never drives it.
54:04
I don't think I've ever seen it.
54:04
He's got a really nice one.
54:05
It's got some sweet HRE wheels on it.
54:07
It looks fucking awesome.
54:10
And I'm not a big fan of the cars he's a fan of,
54:12
but that one, I was like, dude,
54:14
that thing looks awesome.
54:16
What do you mean by the cars he's into?
54:18
What is he into that you're not into?
54:20
I'm not a big JDM guy.
54:21
No, I'm not a big JDM.
54:24
We send a lot of JDM jokes back between.
54:27
But again, I'll tell you this.
54:29
I really respect how strong the JDM market is.
54:33
Like how much those people love their cars.
54:35
I tell you guys this all the time.
54:36
I don't care if I'm into stuff.
54:37
If other people are into it,
54:39
I think it's cool as hell,
54:40
but it's just not my, but his 996.
54:43
And I think his license plate is egg runny,
54:46
like runny eggs for the headlights.
54:49
You know, and I'm anti PLP
54:51
unless they're really, really fricking good.
54:53
And his is really good.
54:56
But I looked at, I watched it.
54:58
I'm not a big tall shifter guy.
55:01
Obviously he brought some of that JDM, tall shit.
55:04
I just don't think that looks good.
55:06
I like something more stock looking,
55:08
but I'll tell you what, man, it's fricking badass.
55:10
Before we get to the last story of the show
55:13
and we land the plane.
55:14
I did see, it was like a, whatever year it was,
55:17
three, four, five, 2003, four, five SRT 10 Ram.
55:20
I wanted to get your opinion on those
55:21
because I don't think I've ever asked you about those.
55:24
Hell yeah, hell yeah.
55:25
Dude, is it, I mean, look,
55:27
I had one thing plugging at stripes,
55:30
but they just want to have a stripe.
55:33
Didn't have stripes.
55:33
Silver with no stripes.
55:34
And then that was a single cab.
55:35
And then a quad cab, no stripes red.
55:39
They're pretty low miles.
55:40
I say it was like 60, 70,000 miles.
55:42
The single cab was 39 and the quad cab was like 46.
55:46
I was like, wait a minute.
55:47
Hey, you started running, you got that calculator out.
55:52
Yeah, I think those are awesome.
55:53
Manual V10, it's a truck.
55:55
Yeah, man, I think it's awesome.
55:57
I had a guy that we grew up with.
56:00
I don't, I never knew how he and his family afforded that,
56:05
but damn, I'm glad they had it.
56:07
You know what I mean?
56:08
I was like, I don't know how you guys did this.
56:10
Maybe you deal drugs.
56:11
Maybe it's like a breaking bad situation,
56:13
but I'm so glad this is the thing you picked.
56:15
Don't ask, don't tell.
56:16
Like let's just go to school
56:17
or wherever the hell you're going to practice
56:21
All right, look, we have, for the second week in a row,
56:23
we have a Lexus announcement.
56:24
All right, the Lexus sedan
56:26
that shocked the world is ending its run.
56:28
This time, Nick can guess what it is
56:30
because, I mean, we already know.
56:34
So we'll be making clips
56:35
of last week's episode of course soon.
56:38
we actually, you were just talking about it.
56:40
You know, we got some comments on the older stuff.
56:42
Your thoughts on this move.
56:46
I'm a big sedan guy.
56:47
I think it's, it fits a lot more people than people think.
56:52
I think it's just been the crossover took over,
56:55
you know, the SUV took over.
56:57
That kind of is what it is.
56:59
And, you know, for those that weren't around
57:03
when the 400 hit and the 430 went off,
57:07
they basically took on every big dog out there.
57:10
You know what I mean?
57:15
I was lucky enough to be around one growing up
57:18
and it was unbelievable, right?
57:22
Because you had this thing come out of nowhere
57:24
that basically was taking on the S class
57:27
and 740 or 750, whatever you want to call it.
57:34
this to me was like a seminal moment for the Toyota company
57:38
because it showed their engineering chops at a time
57:42
when everybody was debating whether or not,
57:44
you know, Japanese cars could stick around.
57:46
I mean, that was a real conversation.
57:49
And now to see where Toyota and Honda
57:51
and those kinds of companies are like,
57:54
I just think it sucks anytime you lose something like this,
57:56
but it's a business decision.
57:58
They're obviously not selling as well as they want.
58:01
I think there's a variety of reasons.
58:03
I don't think Lexus has done a good job
58:04
making the LS any cooler or anything like that.
58:08
But I mean, you kind of are what you are now.
58:10
And they sell RXs every minute of every day
58:14
so I can understand that they're like, yeah, let's F this.
58:18
Pretty much that was a conversation in the boardroom.
58:22
Like, you know what, we're over this.
58:24
Well, this last picture I was showing right here,
58:25
like when you see this picture,
58:27
please tell me the first thing that comes to mind.
58:28
Let me pull it up again.
58:32
Like, is this not like an 80s drug lord movie right now?
58:35
This is the poster for the movie poster.
58:39
That was the guy driving to his insurance office,
58:42
state farm office, all state office, back in the day.
58:45
Yeah, well, he had heads in his trunk though
58:47
from people that didn't come through.
58:49
Hey, that trunk, you could fit a couple bodies in there.
58:51
Huge, huge, it's a huge.
58:53
Look, man, I just think for those that weren't around,
58:57
that was a hell of a moment in time.
59:00
For those of us that have stayed up to date
59:02
with the Lexus brand and the things over the years,
59:04
and obviously I own two Lexus in my house,
59:07
both SUVs now, which is why they're not building the LS anymore
59:10
because I don't own an LS, I own two SUVs.
59:14
And by the way, one of them is 22 years old,
59:15
so I still didn't buy the LS from 22 years.
59:17
Yeah, wait a minute.
59:18
I just put this together right now.
59:19
Why don't you have one of these, sedan lover?
59:25
Oh, no, that's a terrible one.
59:27
It's a terrible reason, I know.
59:29
But I'm part of the problem
59:30
instead of part of the solution.
59:31
I mean, it's like the American way now, right?
59:33
Don't be part of the solution, be part of the problem.
59:36
I'm absolutely part of the problem.
59:38
We're open about it, though.
59:40
Yeah, I think it's a sad moment for guys
59:45
like me that grew up, that was the S-Class,
59:48
the seven series, the LS,
59:51
those were aspirational vehicles
59:54
for anybody and everybody that was around there.
59:56
Now it depends on where your loyalties lied
59:58
and which brand you liked,
00:00
but that was a real battle
00:01
at the top end of the market, right?
00:03
And for guys like myself
00:04
that couldn't afford those cars,
00:06
you just would see them drive and you're like,
00:08
man, that guy, what's he do for a living?
00:11
Cause I was at that age,
00:12
I'd always wonder what everybody driving
00:14
that car does for a living.
00:16
I just assumed they did something awesome,
00:17
but they were like I said,
00:18
probably an insurance agent, a dentist.
00:21
They were going to their doctor's.
00:22
They weren't, you know, I thought they were like,
00:23
you know, just lighten the world on fire.
00:25
They were just had a normal job.
00:28
They were always romanticized things
00:29
way more than they, you know, ever deserve to be.
00:32
But again, back then like luxury sedan,
00:34
I mean, that's when Jaguar had to sedan,
00:36
you know, like you saw people in these sedans,
00:38
you're like, man, what's that guy do?
00:41
It's not the, I mean, we always sound like
00:42
we're trying to be nostalgic or whatever,
00:44
but we can't help it.
00:45
Like it really is a time where
00:46
if anything, like if any subject,
00:48
you know, tech homes,
00:49
I guess homes is another one too.
00:50
Like you see some of these older homes
00:51
and you're like, man, they just don't make them
00:53
the way they used to anymore, right?
00:54
There is a lot of truth to that.
00:55
Yeah, they put insulation in the walls now.
00:58
They don't use lead paint anymore, you know.
01:00
Yeah, I think everybody that romanticizes old real estate
01:04
has never had to renovate a house.
01:08
Because let me tell you what goes out the window,
01:09
romanticizing a house that you're renovating.
01:12
Look, we're gonna end real quick on Will.
01:14
Will sent in an email as well.
01:15
He sent us a picture of two key fobs
01:17
and he said, Nick talked about the GTD
01:19
being the same key fob as the F-150.
01:21
Reminded me of the most egregious example
01:24
The Ashton Martin DB9 used the same key as the Volvo S60.
01:29
And I don't have the picture up
01:30
because it's in the email
01:31
and I don't want to show everybody's email
01:32
but that's, I had no idea.
01:33
It's the exact same key.
01:35
Dude, I'm telling you, I love these like,
01:37
it's just like we talk about these like
01:39
cabriolets that shouldn't have been built.
01:41
We could really start a podcast of key fobs
01:44
that should have never existed for the car.
01:47
Like there's these deep cuts of like random car stuff
01:50
that I think is so fascinating.
01:51
Like what a great find.
01:53
And he probably is like, had that in his head forever.
01:57
And he's like, hey, dude, I can't wait to send this in.
01:59
Like I'm so appreciative of that.
02:02
It's just this deep cut of things
02:04
that only people like us would be like, what?
02:08
Cause like when you send it over to me, I'm like, huh?
02:11
Also DB9, one of my favorite.
02:14
One of my favorite cars.
02:16
Everybody, reminder today, this afternoon,
02:18
after this podcast, 6 PM central time,
02:20
go to the YouTube channel,
02:22
Clutch Culture Podcast on YouTube.
02:23
We're gonna have the full video meeting.
02:25
We are, like Nick said, not automotive journalists.
02:27
We are not massive producers of a cinematic
02:31
Netflix special series.
02:33
We did an intro with Nick.
02:34
We have all of the install that made sense to include
02:38
voiceover of Nick doing it and explaining everything
02:40
that he saw, everything he remembered,
02:41
everything that went into it and then some.
02:43
And that's our first one.
02:45
Also leave us a comment on there
02:46
if you think we should title this series
02:48
something else, not just that one,
02:49
but the example I'd given Nick
02:50
and tell you guys what you think
02:52
is calling these non-podcast videos
02:53
something along the lines of like Clutch Culture Adventures
02:56
or something else, because when we do LX stuff,
02:58
if we do his BMW, if we do my GTI,
03:00
if we're at a shop and we're highlighting a shop
03:02
or somebody that partners with us,
03:04
they're still gonna be on the same channel
03:05
because it would be too big of a lift
03:06
to just start a whole new channel.
03:07
Which by the way, this channel is just booming.
03:09
We're almost at 3,000 subscribers.
03:11
In the last seven days, I think we've picked up
03:12
like 200 subs, which is like usually the monthly.
03:14
I wanna put a call to action out there.
03:17
I sent you this text.
03:18
I want people, if you own a shop,
03:20
if you own off-road shop, a tune shop, any muffler shop,
03:24
to send me t-shirts so I can rock them on the podcast.
03:28
We haven't talked about that on the show yet.
03:30
I know you guys have some fucking badass apparel.
03:33
I wanna rock some people's stuff
03:34
because I see some creative stuff out there.
03:37
You know, like, I would love it
03:38
if like Jimmy's muffler shop sent me
03:41
like a Jimmy's muffler shop.
03:42
Like, you know, it's just a badass shirt.
03:45
So anybody got anything, just send us an email.
03:47
We'll tell you where to send stuff
03:48
because I think that stuff's awesome.
03:50
Like we wanna start representing
03:52
some of you guys out there as well.
03:53
So any support that we ever get,
03:57
I think you and I have to repeat a million times.
03:59
It's humbling and surprising.
04:02
But dude, what a fun project with the LX,
04:04
but we got something coming
04:06
that we're gonna be filming at the end of October.
04:08
We got some other partnerships and things
04:10
that are in the works.
04:10
Like guys, we're working as hard as we can
04:13
for non-professionals that don't know
04:15
exactly what they're doing.
04:16
We're trying to get this all figured.
04:17
Yeah, we have other professions
04:19
going on at the same time
04:20
but we're doing it for the people.
04:21
We're a man of the people.
04:23
All right, grad episode.
04:24
Dude, we'll see everybody next week.