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Keith Norton

👤 Speaker
21 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

Yeah, so, I mean, it's certified used vehicles from Ford initially.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

Hyundai does new vehicles through Amazon.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

And, yeah, it is your very familiar, you know, add to my cart kind of Amazon experience.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

You can do the financing.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

You can browse the site and pick your car.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

And then you pick it up from a dealer.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

You do the final paperwork at the dealer.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

You can do a test drive at the dealer if you'd like to as well.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

Yeah, I mean, they are Amazon, right?

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

So if they really get into this and that is their goal, they could become a very significant player.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

So you saw those two, Carvana and CarMax, dropped initially on the news, although Carvana is back up again.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

So, you know, I think it does stimulate interest in the category of online car buying, which a lot of consumers, you know, it sounds good to them because it reduces the hassle, reduces the time.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

It's the sort of no haggle, one price selling.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

A lot of people like that option as well.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

So it is something that has promise.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

Yeah, I mean, that's kind of what Ford was telling me.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

You know, they're going to see how it goes with this certified used program.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

And, you know, these are cars that receive multipoint inspections.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

They have a manufacturer's warranty of up to a year and 12,000 miles on some of them.

Bloomberg Tech
Theil’s Hedge Funds Sells Entire Nvidia Stake

So it is sort of new car light, if you will.

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