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Cars & Bids

5 statements across 2 episodes · 1 bullish · 0 bearish · 2 people on the record · first statement Jun 14, 2022 by Sam Parr · said 4 times in 2 episodes since 2022 · across every show →

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brought up most by Samir Chaudry (3), Jeremy Giffon (1)

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Everything said about Cars & Bids, oldest first

Jun 14, 2022 bullish
Opinion
Doug DeMuro's Cars & Bids Auction Site Could Become a Nine-Figure Business
“So he is a car guy with, at this .2 or three million subscribers, and he has an auction website for cars that could potentially be a nine-figure company, I actually think.”
Sam Parr Jun 14, 2022 ▶ 15:02 Asking Colin & Samir How To Make $1,000,000 On YouTube
May 16, 2023
Disclosure
DeMuro: Cars & Bids paid first 50 sellers $1,000 to jumpstart supply
“When we first launched, we had this idea that in order to attract sellers, We would offer a thousand dollars for the first 50 cars on the site and 500 dollars for the next 50 cars on the site.”
Doug DeMuro May 16, 2023 ▶ 19:56 How A YouTube Car Reviewer Sold His Company For $80M | Doug DeMuro (#456)
May 16, 2023
Disclosure
DeMuro merged his YouTube channel and Cars & Bids into one business
“We've now rolled up the businesses into one business that the YouTube channel and the auction site. And so obviously my content revenue is a part of the business too.”
Doug DeMuro May 16, 2023 ▶ 21:00 How A YouTube Car Reviewer Sold His Company For $80M | Doug DeMuro (#456)
May 16, 2023
Assertion Supported
DeMuro: Cars & Bids charges zero seller fees, 4.5% buyer fees
“Sellers pay nothing. Buyers pay four and a half percent.”
Doug DeMuro May 16, 2023 ▶ 20:36 How A YouTube Car Reviewer Sold His Company For $80M | Doug DeMuro (#456)
May 16, 2023
Assertion Supported
Parr: DeMuro sold majority of Cars & Bids for $40M
“And then recently you sold the majority of the business to churning group for around forty million dollars. I believe when it was only like two or three years old.”
Sam Parr May 16, 2023 ▶ 2:23 How A YouTube Car Reviewer Sold His Company For $80M | Doug DeMuro (#456)
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