Doug DeMuro explains to Ben Gilbert and David Rosenthal how independent car dealerships captured massive windfall profits due to pricing autonomy during vehicle shortages.
“I mean, say they were selling Broncos for 20, 30,000 over sticker. That was like a common thing. These dealers were, have been living incredibly large over the last couple of years.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Doug DeMuro
AssertionPartly supported
DeMuro: Automakers Secretly Add Horsepower To Review Vehicles Via 'Press Finish'
“There is an option code that most automakers have but hide from their window stickers called press finish, and there is dispute about what that is. Some automakers, there is absolutely no question that press finish adds power. Absolutely no doubt, like they've…”
Doug DeMuroSep 20, 2023▶ 1:10:56Doug Demuro on Analyzing the Car Industry, Creator-Led Businesses, and Porsche Follow Up (Raw Video) · Acquired
AssertionContradicted
Ferrari Refused Long-Term Battery Support for the Hybrid LaFerrari
“Ferrari has already said that the technology is old, all the plug-in stuff, we don't want to be any part of the LaFerrari.”
DeMuro: Porsche Digital's Online Car Auction Site Marqued Is Fledgling
“Porsche has a business right now an auction business called marked that they're running and as a, from Porsche digital, and it's fledgling to say the least.”
Doug DeMuroSep 20, 2023▶ 34:40Doug Demuro on Analyzing the Car Industry, Creator-Led Businesses, and Porsche Follow Up (Raw Video) · Acquired
Insight
DeMuro: Creator affinity converts marketplace traffic far better than ad spend
“You can't just throw money at trying to get an audience. It's not that easy. And having an audience where people love the dude who's at the top and are fans and want to be a part of his business, that makes it even easier to like convert them to real traffic a…”
Doug DeMuroSep 20, 2023▶ 34:51Doug Demuro on Analyzing the Car Industry, Creator-Led Businesses, and Porsche Follow Up (Raw Video) · Acquired
PredictionNot checkable as stated
DeMuro: Analog Exotic V12 Cars Will Appreciate Rapidly As EVs Dominate
“As cars start to become more electric, more, sort of, the all-electric cars sort of have a similar shape because of aerodynamics and fuel range Gas-powered, old-school, wedge-shaped, exotic V-twelves are gonna be, like, the cars that continue to go up.”
Doug DeMuroSep 20, 2023▶ 1:31:56Doug Demuro on Analyzing the Car Industry, Creator-Led Businesses, and Porsche Follow Up (Raw Video) · Acquired
Opinion
Enzo Ferrari Hated His Customers and Sold Road Cars to Fund Racing
“Whereas Enzo very famously, he just wanted to race and he hated his customers, his road car customers deeply. It wasn't his thing. He just wanted to race. He only sold road cars to kind of finance racing.”
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