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We have a few stories to go over before we get to our great guests today.

One of them is we talked to John Murphy a few weeks ago about the new vehicle redesigns and how that's slowing down.

Yeah.

So Murphy expects automakers to redesign an average of 9% of their lineups each year from 2026 through 2028.

And the 20 year average is about 14%, so that's going down.

But the Wall Street Journal recently talked to a New Jersey Cadillac dealer who told them that his customers are questioning why they should pay more.

when the car looks the same.

He says, quote, I literally have people saying, I am not leasing this car again.

It's the same car and the price keeps going up.

And I get that.

The design hasn't changed.

And I know a lot of it, for me anyway, I like driving a new car.

And my ego likes people knowing that that car is new.

So the redesign says, I'm not afraid to say it.

I think a lot of people feel that way.

Well,

you're right.

But then if you look at Tesla, I can't tell the year of a Tesla.

I don't

own a Tesla.

No, but if you pull up next to a 20-year-old or a 10-year-old Tesla, you have no idea.

Is that a new car? I have no idea what year that is.

It's the same model.

Technology is being updated on that.

But I guess for these new redesigns and the technology is not that much more advanced than the year before.

We have a few stories to go over before we get to our great guests today.

One of them is we talked to John Murphy a few weeks ago about the new vehicle redesigns and how that's slowing down.

Yeah.

So Murphy expects automakers to redesign an average of 9% of their lineups each year from 2026 through 2028.

And the 20 year average is about 14%, so that's going down.

But the Wall Street Journal recently talked to a New Jersey Cadillac dealer who told them that his customers are questioning why they should pay more.

when the car looks the same.

He says, quote, I literally have people saying, I am not leasing this car again.

It's the same car and the price keeps going up.

And I get that.

The design hasn't changed.

And I know a lot of it, for me anyway, I like driving a new car.

And my ego likes people knowing that that car is new.

So the redesign says, I'm not afraid to say it.

I think a lot of people feel that way.

Well,

you're right.

But then if you look at Tesla, I can't tell the year of a Tesla.

I don't

own a Tesla.

No, but if you pull up next to a 20-year-old or a 10-year-old Tesla, you have no idea.

Is that a new car? I have no idea what year that is.

It's the same model.

Technology is being updated on that.

But I guess for these new redesigns and the technology is not that much more advanced than the year before.