@@jamesellsworth9673probably more likely some rich guy with 75 cars in 10 different cities had it sit there waiting for him and never drove it. I've heard of billionaires having 200million dollar mansions they've never set foot in.
Different attitude between people who want something "interesting" for a year or 2 vs somebody who plans on buying a new car every 8+ years. Or keeping a sports car for 15+years and lake house/ski chalet trucks for literally 20 years.
The insane thing to me is the mindset of vehicles as "investments". Track S&P 500 returns over decades and nothing else comes close. You need to take that "investment" vehicle, subtract all of the costs of ownership (fuel, maintenance, insurance, etc). Those are lost opportunity costs. Even if you bought some 60s muscle car that is worth 100k today, you are still behind simple ETF market investing. Buy a car, use it, enjoy it.. but dont kid yourself that it is some kind of monetary investment.
As a former Porsche/Audi/VW salesman I firmly believe I learned more about people and life in general from selling cars than I learned in any of my other endeavors. Few things are funnier than fcar salesmen getting together and sharing stories. I've got some doozies, I'm sure you do also.
@@xmaxbabilo seen a couple UK YT channels covering this. Yea, the Taycans are absolutely upside down everywhere in the UK. Half the value is 100% accurate.
Cars are to be whatever the fuck the person who bought them wants them to be. Don't tell others what to do with their stuff, that's incredibly narcissistic.
The sad irony of some of the best-handling cars in automotive history becoming extremely valuable due to how good they are to drive... never being driven because they're worth too much. Imagine having the most beautiful painting in the world but you weren't allowed to look at it.
Maybe the people who would be interested in these high end, used cars , learned from some RUclips channel, that these cars are maintenance nightmares 🤔
The Rivians are dropping because they are a nightmare to get insured. If you dent the rear quarter, I've heard it costs 40-60K to replace , so the insurance co.'s are just totaling them.
My Rivian R1S insurance is significantly less than my Model S. I pay less than $150 a month for excellent coverage. There's one big panel like that on the truck (R1T) and they developed patch panels for repairs so this isn't really an issue anymore.
@HamishCarpenter not really, people were flipping them for crazy money when the backorder list was long. MSRP was never that high. People just paid stupid markups.
One big point is after Covid, the interest rate sky-rocketed and the same goes for the inflation... All of a sudden, most people, specially upper middle class won't be jumping on overpriced cars. Buying power goes down, the prices of products will follow.
Speculation on cars during COVID was just the mirror of speculations from times past. The herd mentality of what is precious is about as fickle as the weather.
That 2009 DBS needed tires, PPF removal, side skirt repair and paint, and possible re-finishing of the front bumper. The $97k bid was low, but not as far off as what I'm sure the seller was hoping for. It was listed previously for $160k. I didn't bother to bid any further because it was obvious that it would be a RNM.
So happy for the SPECULATORS who lost their shirts / bras... SO MUCH MORE HAPPY when people use their CARS to DRIVE... that's why we build them. Great to be informed and thanks a million 🎉
Agreed, I feel bad for the folks that needed a car during that time because their car died or got totaled, but if I can pick up an IS500 for $15k in a couple years then I won't be complaining.
Are people really looking for $300,000+ cars on cars and bids that can be purchased fairly easily otherwise? Seems reasonable that it would take longer than a week to sell that Rolls.
The only way to come out on luxury cars right now is to buy the right one, a brand you actually appreciate and trust, and then keep it and drive it for a few years……sadly I found this out first hand, it’s ok as I really like it, and paid cash for it but I will never see that money again…😳🤔
I’ve been saving for a Porsche 911 as a retirement gift for myself. They have gone nuts in price. I’m not even looking for something silly. Just a simple 4S or S. 2011-2015. I’m starting to think a Lexus LC 500 might be a better choice, I don’t want to pay the wizard. 😂😂
I was at a Lamborghini dealer in january 2022 looking at a used mercedes they had on the lot. Went to sit at the sales guys desk and he had 30 folders of urus orders for last 2 weeks. insanity
Car auctions may be a worse place to sell than a speciality exotic showroom. These cars often need the “human-smoothtalker-salesman-touch” to sell at high prices
I understand the owners from high luxury cars - they don´t need to sell and it hurts too much to take such a big depreciation hit. It kills the fun to something new. The steepest curve is always the first 2 years after it calms down. But there is only one way which is down. If you are normal making money person and you invested in payments for a daily car.....keep it.
I’ve been looking to buy a 991 turbo s. I quickly found out the market Porsche has created for the higher trims is akin to Rolex. Basically, speculators collude with dealers to buy all the new allocations then - keep them for a bit then sell them back to the dealer at a profit. These cars have been reamed out, launched and otherwise abused for RUclips videos since the speculators didn’t give a crap about the cars. Currently, there are 4 new turbo s cars at dealers that are unmolested. So, most all Porsche dealers don’t have any new inventory - but - they have plenty of 2024 and 2023 cars with under a thousand miles - that are marked up $50k over MSRP. Even the 2022 cars are priced over MSRP. So, if these cars drop in value - because people with money are sick of being ripped off,I’m happy to hear it. My plans are to keep my 991.2 4s with 6,000 miles on it and just buy aftermarket upgrades. Hell, for $2,500 I can get an ecu flash app/dongle and gain an instant 125hp. It already delivers 470 - so this is nearly turbo s power! I can buy exhaust, wheels, suspension and anything else I want for the track for a fraction of the cost to trade up. So, a pox on Porsche for their EV stupidity- which has lost them millions and they’ve jacked up ICE cars MSRP to pay for it (the fancy new gts e hybrid is $200k if you can believe it.). Or I’ll go buy another car - used Aston Martin or a new MB AMG GT 63….anyway -thank much for a great video that shows the insanity and gouging can only last so long.
One car I don’t understand or see the value of is the Urus - it’s a rebadged RSQ8/Cayenne Turbo & still going for crazy prices not too far from MSRP. It’s truly a car that has no inherent value.
Noticed at Mecum in Florida last week, many car had “bid goes on” and didn’t meet reserve. owners, the market is telling you to either hold or take a loss.
People got used to increasing prices on real-estate and exotic cars for over a decade. The party is over now. Sellers need to get used to decreasing prices.
everyone thinks prices came down but in reality they didn’t so until people realize they aren’t getting those cheap prices again they will pay whatever people are asking. It will just take some time for people to adjust the new prices
Good were going back to normalcy, people were being crazy and pulling money out of their retirement to buy crap and losing money now. Only the housing was worth it but I think its starting to dip some at least in my area.
Luxury car owners have money to burn so the fire is lit now. The demand for those cars and the harsh reality of non-dependable high maintenance costs have lowered demand as rationalization has finally caught up with the luxury market. Again, "it is not what you earn, but how much you keep"...that means cutting back on wasteful spending. LOL
Some do -like cash buyers. But a lot of people finance these high value cars thinking they can flip them for a profit or break even - getting use of a cool car they can’t really afford. But now that interest rates are 7+% the math no longer works for them making the payments and insurance. So I think your points are good and the “wanna bees” have fallen out of the market.
The used car parts market is wacked too. They're hanging on to the straws of 2yrs ago... I see soo many parts priced just below factory parts, maybe they just haven't checked...
Some of these people will have no problem making payments. They will sell IF it gives them a base to move on to something else that interests them...but they do not need to.
Car buyer psychology, when prices are high, everyone scrambles to buy before they go even higher. And when they are low, they all sell in a panic in case they crash even further. Kinda the wrong way round. I don't feel sorry for Rolls Royce guy, he's loaded. You want the big, shiny status symbol? It's expensive for a reason, so the plebs can't afford it. That's the game. You're not in it to win it. It's just bragging rights and showing off how much money you can afford to burn. To most rich guys all the bling is just a necessary investment to show the world just how rich they are. I don't think they enjoy it or even care about it, it's just a tool for them. At least Hoovie buys stuff because he enjoys it or he thinks it's gonna be a laugh. And we can all appreciate it through his videos. I love it.
Not just exotics. Cars like GT350's that were $30k for a 2016 in 2019 that rose to $50k in 2021. People are still asking $45k for '16's and they're sitting unsold for weeks, months. When the '18's drop to under $40k, I'll be shopping.
No one buys luxury hoping it will not depreciate! Thats why its called luxury! If you have to think about the money you cooud lose, u obviously cant afford luxury
I doubt people who are buying most Lamborghini Urus' and Rolls Royce's aren't doing it via a loan. They are also more likely to be buying not one luxury sports vehicle but probably a few or more and are probably not hurting for the $$$ in the first place.
There's nothing wrong with sticking to your price - just realise you may be waiting a long time before the market will give it to you. It's investing 101 - buy low, sell high. If you can't sell high, hold till you can.
I just saw an article this morning that even used Challenger Hellcats are finall dropping, down something like 10% over the last month or so, if I remember correctly what I read.
I actually think this could help the real collector cars. People now have to think about where they are putting their money. Better to bet on a blue chip than a late model
Anyone who buys a “Lamborghini” Urus as an investment probably shouldn’t be in control of their own bank account
What bank account? 🫤
@@notroll1279 The one you’d most likely have while purchasing and maintaining a Urus.
The reason you buy it is because want to tell people, look at me, look at me😂
@@Victic005or they like what they like and you just want to hate on peoples preferences?🤔
@gaara4667 he said as an investment, not as a preference...
The supermodel and used car salesman. Sounds like the plot of an 80s movie.
yeh,an 80's porn movie.
I hope Hoovie has a good lawyer.
The Corvette mk4 is a 1980s classic car.
@@lot2196 - one day, you may move out of your mom’s basement and find a girlfriend - but i doubt it…
I saw this and Gatorade came out my nose.
Person who bought that rolls royce and only drove 70 miles is just ridiculous
drake,s ?
Probably financial troubles.
An old guy like me buys a dream car. (Next slide) An old guy like me can't drive anymore.
Rolls Joyce? Are you even trying man? We're better than this! 😂😂
@@jamesellsworth9673probably more likely some rich guy with 75 cars in 10 different cities had it sit there waiting for him and never drove it. I've heard of billionaires having 200million dollar mansions they've never set foot in.
I don't care if my old luxury car drops to zero value. I love it and will hopefully never give it up.
Different attitude between people who want something "interesting" for a year or 2 vs somebody who plans on buying a new car every 8+ years. Or keeping a sports car for 15+years and lake house/ski chalet trucks for literally 20 years.
What luxury car? I've put 52k miles in 3 years on a 10 year old BMW and I've been loving the car!
People used to buy cars for enjoyment or as a work vehicle and not as a "blue chip investment"
The insane thing to me is the mindset of vehicles as "investments". Track S&P 500 returns over decades and nothing else comes close. You need to take that "investment" vehicle, subtract all of the costs of ownership (fuel, maintenance, insurance, etc). Those are lost opportunity costs. Even if you bought some 60s muscle car that is worth 100k today, you are still behind simple ETF market investing. Buy a car, use it, enjoy it.. but dont kid yourself that it is some kind of monetary investment.
Yep.
As a former Porsche/Audi/VW salesman I firmly believe I learned more about people and life in general from selling cars than I learned in any of my other endeavors.
Few things are funnier than fcar salesmen getting together and sharing stories. I've got some doozies, I'm sure you do also.
Share
Hoovie is the type of guy who would choose a clean 90s Park Avenue over all of these.
But aBuick was a Cadillac with a cheaper name plate
Or a Mercury MARKUS BROG-HAM...
@@geemee3364 You were so right about despising front wheel drive.
@@kenholmes8378 Now Buicks (at least some of them) are made in Red China
So after splitting up with his Vietnamese mail-order bride, he's found himself a dumb blonde stripper.
The Porsche dealership near me is still trying to sell 2 year old Taycans for MSRP.
They'll figure it out eventually.
Our Porsche dealer in North Scottsdale has over 30 for sale on the lot. Not moving at all. Maybe can give them a call
In the u.k dealers arnt even willing to take them back. They losing over half its value in 4 years.
😅
@@xmaxbabilo seen a couple UK YT channels covering this. Yea, the Taycans are absolutely upside down everywhere in the UK. Half the value is 100% accurate.
Cars are to be driven not speculated on.
Cars are to be whatever the fuck the person who bought them wants them to be. Don't tell others what to do with their stuff, that's incredibly narcissistic.
The sad irony of some of the best-handling cars in automotive history becoming extremely valuable due to how good they are to drive... never being driven because they're worth too much.
Imagine having the most beautiful painting in the world but you weren't allowed to look at it.
@@akumadiavolo
Relax yourself snowflake
@@akumadiavolo
Relax yourself ❄️
@@aab4219 Lol, okay. Follow the rule of common decency, "Keep your eyes off other people's wallets". It will help you be a less shitty person.
Spirit of Ecstasy. I’m guessing Gen Z would call that “Naruto Run” 😂😂
Naruto is Gen Y.
Maybe the people who would be interested in these high end, used cars , learned from some RUclips channel, that these cars are maintenance nightmares 🤔
The Rivians are dropping because they are a nightmare to get insured. If you dent the rear quarter, I've heard it costs 40-60K to replace , so the insurance co.'s are just totaling them.
My Rivian R1S insurance is significantly less than my Model S. I pay less than $150 a month for excellent coverage. There's one big panel like that on the truck (R1T) and they developed patch panels for repairs so this isn't really an issue anymore.
They were so overpriced to start. They are coming down to what they should really cost.
@HamishCarpenter not really, people were flipping them for crazy money when the backorder list was long. MSRP was never that high. People just paid stupid markups.
One big point is after Covid, the interest rate sky-rocketed and the same goes for the inflation...
All of a sudden, most people, specially upper middle class won't be jumping on overpriced cars.
Buying power goes down, the prices of products will follow.
Dealers here in Canada are still not realizing Covid pricing is over. Only the EV’s are starting to fall, hard.
Canada has a special type of delusion
My buddy listed his 2018 G63 on bring a trailer last year. It was bid up to 129k but didn’t hit his reserve. I bet he wishes he sold it last year.
I'm waiting for the bottom to drop out of the used car market BEFORE I start looking. As Always, May God Bless you and yours! 😇
Great content!!!!
Hey A. Rose, PLEASE SAVE THE PURRING FOR HOOVIE!!
Damn, that dude is blessed!!!
Speculation on cars during COVID was just the mirror of speculations from times past. The herd mentality of what is precious is about as fickle as the weather.
Tulips anyone?
That's the idiots who were overpaying made their mistake and lots of car people were talking about this exact problem and nobody listened
That 2009 DBS needed tires, PPF removal, side skirt repair and paint, and possible re-finishing of the front bumper. The $97k bid was low, but not as far off as what I'm sure the seller was hoping for. It was listed previously for $160k. I didn't bother to bid any further because it was obvious that it would be a RNM.
Air-cooled Porsche 911 owners are adamant that prices will keep rising.
And so far they are right.
The prices have been crazy and needed to come down.
Thanks for sharing guys !
I can't stop watching Aprils hand gestures across the table.
So happy for the SPECULATORS who lost their shirts / bras... SO MUCH MORE HAPPY when people use their CARS to DRIVE... that's why we build them. Great to be informed and thanks a million 🎉
Agreed, I feel bad for the folks that needed a car during that time because their car died or got totaled, but if I can pick up an IS500 for $15k in a couple years then I won't be complaining.
We went house buying...why leave our 3.75% mortgage? Car buying is the same.
I hear April every day on my local radio station doing a public service announcement advocating for not speeding.
What did you do? lol
😂😂
Same in the UK... large luxury cars are going for very low prices.
As an avid C4 owner, the cluster isn't bad to fix with the right person. It's a fantastic car to have and drive when it's done right.
Are people really looking for $300,000+ cars on cars and bids that can be purchased fairly easily otherwise? Seems reasonable that it would take longer than a week to sell that Rolls.
Booooo Kamala boooo.ur giving immigrants 2200$ and American retirees only get1400$. Boooo Kamala boooo
April: "Did you buy a new TV with the money?"
Tyler, she's got your number. lol!
God, I love her!!
Wasn't she in ninja turtles?
@@davidalankaminski
Grown Ups 2.
Looking at used G class as I look prices get lower and lower. Think I may wait a few more months 2 buy.
New Range Rover prices in The UK are plunging.
Wow my first time here and I love the concept and chemistry between Hoovie & April! Reminds me of the old Hoovie that we all loved 👍🏼
I love April’s “hand drawing” gesture on the glass table whenever she goes into deep thought 😂
Who can afford the insurance alone?
In my opinion those who paid over MSRP lost that money the day they agreed to the deal.
Cars are supposed to be depreciating assets. But sellers seem to have forgotten that and everything is still insanely priced.
The only way to come out on luxury cars right now is to buy the right one, a brand you actually appreciate and trust, and then keep it and drive it for a few years……sadly I found this out first hand, it’s ok as I really like it, and paid cash for it but I will never see that money again…😳🤔
My favorite couple!
All of them are out of my league
She added nothing of value to this conversation
So true !
Not even any cleavage.
There are low production cars that are not depreciating. 2005-06 gto is one of them.
they will just havent caught up to it yet... starts with urus and moves on
I’ve been saving for a Porsche 911 as a retirement gift for myself. They have gone nuts in price. I’m not even looking for something silly. Just a simple 4S or S. 2011-2015. I’m starting to think a Lexus LC 500 might be a better choice, I don’t want to pay the wizard. 😂😂
Here in Miami, all the sketchy and shady people drive Urus's.
Or G wagons
Upside down on real estate is way worse! Great vid!
No , it will eventually sort itself out, plus houses are nicer if you have to live in your investment
"The Before Times" My favorite anachronistic phrase I like to trot out describing events and circumstances prior to 1999 ..
I was at a Lamborghini dealer in january 2022 looking at a used mercedes they had on the lot. Went to sit at the sales guys desk and he had 30 folders of urus orders for last 2 weeks. insanity
C&B last week had an 06 Bentley GT go for $25k 😂
That's all those early first-gen cars are worth. The new owner will pay that much in repairs in the next two years
Ya it’s hard to not buy at that price for me, but then I watch hoovies videos on his Bentley and resist lol
I've notice a huge increase in "bid to" on BAT.
Car auctions may be a worse place to sell than a speciality exotic showroom.
These cars often need the “human-smoothtalker-salesman-touch” to sell at high prices
As they always say First loss is the best loss
I understand the owners from high luxury cars - they don´t need to sell and it hurts too much to take such a big depreciation hit. It kills the fun to something new. The steepest curve is always the first 2 years after it calms down. But there is only one way which is down. If you are normal making money person and you invested in payments for a daily car.....keep it.
I can confirm. Found a 2014 Aston Martin DB9 for mid 40s. Never thought it was possible for one that new!
Great facts about the past and future of use cars. Thanks
I’ve been looking to buy a 991 turbo s. I quickly found out the market Porsche has created for the higher trims is akin to Rolex. Basically, speculators collude with dealers to buy all the new allocations then - keep them for a bit then sell them back to the dealer at a profit. These cars have been reamed out, launched and otherwise abused for RUclips videos since the speculators didn’t give a crap about the cars. Currently, there are 4 new turbo s cars at dealers that are unmolested. So, most all Porsche dealers don’t have any new inventory - but - they have plenty of 2024 and 2023 cars with under a thousand miles - that are marked up $50k over MSRP. Even the 2022 cars are priced over MSRP. So, if these cars drop in value - because people with money are sick of being ripped off,I’m happy to hear it. My plans are to keep my 991.2 4s with 6,000 miles on it and just buy aftermarket upgrades. Hell, for $2,500 I can get an ecu flash app/dongle and gain an instant 125hp. It already delivers 470 - so this is nearly turbo s power! I can buy exhaust, wheels, suspension and anything else I want for the track for a fraction of the cost to trade up. So, a pox on Porsche for their EV stupidity- which has lost them millions and they’ve jacked up ICE cars MSRP to pay for it (the fancy new gts e hybrid is $200k if you can believe it.). Or I’ll go buy another car - used Aston Martin or a new MB AMG GT 63….anyway -thank much for a great video that shows the insanity and gouging can only last so long.
One car I don’t understand or see the value of is the Urus - it’s a rebadged RSQ8/Cayenne Turbo & still going for crazy prices not too far from MSRP. It’s truly a car that has no inherent value.
Anyone buying the rolls is probably putting it in a company name and has a driver. All for the tax write-off.
New cars are not assets. Folks trying to flip cars are big gamblers
Good Morning Hoovie and Thornie
The economy is tanking, this is going to get ugly...
I drove in the Aston Martin DBS last week in Germany. A hammer of a car.
Most people get attached to their cars emotionally and think they can sell it for what they paid. They forgot that the market is back to normal.
Noticed at Mecum in Florida last week, many car had “bid goes on” and didn’t meet reserve. owners, the market is telling you to either hold or take a loss.
Gwagons are back to msrp. Back in 2021, an MB sales guy said a G63 (300k in 2021) would cost 500k in 2 years. Lol
April purred when she saw the Rolls.. Awesome..
People got used to increasing prices on real-estate and exotic cars for over a decade. The party is over now. Sellers need to get used to decreasing prices.
everyone thinks prices came down but in reality they didn’t so until people realize they aren’t getting those cheap prices again they will pay whatever people are asking. It will just take some time for people to adjust the new prices
I'd like to go back in time and have Hoovie try to sell me some clapped hooptie. That would be fun.
Good were going back to normalcy, people were being crazy and pulling money out of their retirement to buy crap and losing money now. Only the housing was worth it but I think its starting to dip some at least in my area.
A live feeder cam would be very relaxing to watch
Luxury car owners have money to burn so the fire is lit now. The demand for those cars and the harsh reality of non-dependable high maintenance costs have lowered demand as rationalization has finally caught up with the luxury market. Again, "it is not what you earn, but how much you keep"...that means cutting back on wasteful spending. LOL
Some do -like cash buyers. But a lot of people finance these high value cars thinking they can flip them for a profit or break even - getting use of a cool car they can’t really afford. But now that interest rates are 7+% the math no longer works for them making the payments and insurance. So I think your points are good and the “wanna bees” have fallen out of the market.
tax write off
Good! Cars are meant for driving and enjoying. Invest in the stock market instead. That's what it's for.
Thank you for no cats today...😂
Used electric cars are scary because of having to buy a new battery
The used car parts market is wacked too. They're hanging on to the straws of 2yrs ago... I see soo many parts priced just below factory parts, maybe they just haven't checked...
Poor investments are not a flaw, but a feature of the "Too much money, not enough sense" crowd
Great video!
I just took advantage of the car price crashing to get a super low mileage DB9 and it's easily the best cheap purchase I've ever made
This why I stick to GT3s
Just watched a 1200 mile 2022 Cadillac Blackwing bid to $85k MSRP of $99K No sale BaT. Hoovie math checks out.
Realistic pricing for fun cars? One could dream.
Good luck on your new show.
Some of these people will have no problem making payments. They will sell IF it gives them a base to move on to something else that interests them...but they do not need to.
Should've sold the Countach 6 months ago...
Car buyer psychology, when prices are high, everyone scrambles to buy before they go even higher.
And when they are low, they all sell in a panic in case they crash even further. Kinda the wrong way round.
I don't feel sorry for Rolls Royce guy, he's loaded. You want the big, shiny status symbol? It's expensive for a reason, so the plebs can't afford it. That's the game. You're not in it to win it. It's just bragging rights and showing off how much money you can afford to burn.
To most rich guys all the bling is just a necessary investment to show the world just how rich they are. I don't think they enjoy it or even care about it, it's just a tool for them.
At least Hoovie buys stuff because he enjoys it or he thinks it's gonna be a laugh.
And we can all appreciate it through his videos. I love it.
Not just exotics. Cars like GT350's that were $30k for a 2016 in 2019 that rose to $50k in 2021. People are still asking $45k for '16's and they're sitting unsold for weeks, months. When the '18's drop to under $40k, I'll be shopping.
Luxury cars are a ripoff
I just saw a 2019 Cullinan 24k miles listed for sale $250 😂
I think the economy is going to get a lot worse before it gets better.
That GNX sold at 200,000 prior sale at 220.,000 did not go thru.
No one buys luxury hoping it will not depreciate! Thats why its called luxury! If you have to think about the money you cooud lose, u obviously cant afford luxury
I doubt people who are buying most Lamborghini Urus' and Rolls Royce's aren't doing it via a loan. They are also more likely to be buying not one luxury sports vehicle but probably a few or more and are probably not hurting for the $$$ in the first place.
There's nothing wrong with sticking to your price - just realise you may be waiting a long time before the market will give it to you. It's investing 101 - buy low, sell high. If you can't sell high, hold till you can.
Seems like April brought a summer cold back from Chicago😷
Please do a slightly opaque film on the bottom of the glass table.
myself and MOST of the car buying world are priced out of ALL cars. I'm not buying until there are sub 25K cars that are not a jail sentence.
I just saw an article this morning that even used Challenger Hellcats are finall dropping, down something like 10% over the last month or so, if I remember correctly what I read.
I actually think this could help the real collector cars. People now have to think about where they are putting their money. Better to bet on a blue chip than a late model