Cars & Bids, every mention
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tap a year for its mentions
every year anyone David Rosenthal 11Doug DeMuro 9Ben Gilbert 8
Verbatim, from the transcripts: the passages where Cars & Bids comes up
Doug Demuro on Analyzing the Car Industry, Creator-Led Businesses, and Porsche Follow Up (Raw Video) · Acquired
- ▶ 1:32 Doug DeMuro Let me tell you, let me tell you, we are going to use the, so we got cars and bids.
- ▶ 11:17 Ben Gilbert Doug, your interview on Colin and Samir was excellent, telling the whole history of your origin story and cars and bids, and we'll, we'll hit some of that here, but I don't want to be duplicative.
- ▶ 21:07 David Rosenthal You hit the grand slam by starting cars and bids then.
- ▶ 22:12 Ben Gilbert Like, how did you arrive at cars and bids and did you consider other stuff?
- ▶ 39:34 Ben Gilbert Uh, you don't have to be specific to cars and bids, but what is it?
- ▶ 39:37 Doug DeMuro One percent of it's at 10% of submission or like the number of cars we accept or the sales rate or the, the, the, what percentage cars and bids keeps of the transaction?
- ▶ 42:01 Ben Gilbert Uh, could I go sell my Mazda CX-Five on cars and bids, or is there some, like, we only accept enthusiast cars, sir?
- ▶ 43:10 David Rosenthal So, how did you think, how, how and why did you decide to exclude that part, at least for now, from Cars and Bids?
- ▶ 45:04 David Rosenthal Then they sell it again on cars and bids.
- ▶ 45:06 David Rosenthal Then they buy another car on cars.
- ▶ 48:00 Doug DeMuro Uh, it would be difficult to buy some of the cars that we sell on cars and bids and lose 20,000 dollars.
- ▶ 49:34 Doug DeMuro And so as a result of that, I try not to, to, first off, I try not to buy really old stuff and, and actually cars and bids is geared towards more modern car.
- ▶ 1:11:49 Ben Gilbert I want to make sure that we, there's a couple of things about cars and bids I'm very curious about.
- ▶ 1:12:03 Ben Gilbert And I'm curious after the last, what, four years has cars and bids become a bigger business for you?
- ▶ 1:12:19 Doug DeMuro Um, yes, cars and bids is bigger than the marketplace business, but I think the real crucial thing is even when it wasn't bigger than the marketplace business, it had more.
- ▶ 1:12:30 Doug DeMuro Cars and bids is clearly bigger than the, the, the YouTube side now, but even when it wasn't, um, the real key was, and we knew this from day one, it had more potential to be, you can only get a YouTube channel to be a certain size, right?
- ▶ 1:12:49 Doug DeMuro But the cars and bids clearly has more, like, upside and growth potential, and so it is bigger, and I suspect that that divide will only continue to grow, grow, grow.
- ▶ 1:13:34 Ben Gilbert The, the, then the other side of the house, you probably have five or six percent, uh, gross margins on cars and bids, because you've got the four and a half percent take rate plus a little bit more.
- ▶ 1:14:41 David Rosenthal Yeah, the, you know, sort of net revenue, gross, whatever you could, but then like the, everything between that and profits, there's a lot more on the cars and bids side.
- ▶ 1:20:14 Ben Gilbert Merge your channel and cars in bids for this.
- ▶ 1:24:26 Doug DeMuro And, and when I launched cars and bids, I wasn't, I didn't do it intentionally, like knowing that this was a thing that, and honestly at that time, three and a half years ago, it wasn't as much.
- ▶ 1:24:55 David Rosenthal I would say starting, starting maybe six months, I would say before you did the churning group transaction, Ben and I start, you know, all, you know, friends and other people in the business who started coming to us and be like, what's…
- ▶ 1:25:07 David Rosenthal Like you guys need a cars and bids.
- ▶ 1:25:11 David Rosenthal I think that the dynamics are a little different in podcasting and we're kind of a unique animal, but, uh, so we haven't done it for various reasons, but, but yeah, no, like, you know, you pioneered this, like literally people, you know,…
- ▶ 1:27:34 David Rosenthal And so you were planning cars and bids and working on it.
- ▶ 1:31:21 David Rosenthal Uh, if anybody in your audience is looking to get into cars as an asset class, wants to do something on cars and bids, maybe like, what, what would your advice be for somebody that's interested in, oh, I might want to buy a nine, 11 from…
- ▶ 1:33:43 David Rosenthal Seriously, this should be part of cars and bids.
Porsche (with Doug DeMuro) · Acquired
- ▶ 3:19:32 Doug DeMuro And then I also run an automotive, like a car auction website for enthusiast cars called Cars and Bids, um, and we're selling something like 30 cars a day, or auctioning 30 cars a day on Cars and Bids right now.