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The MuscleCar Place

TMCP #506: Ask Rick – Ford Selling Rivian Stock, 69 Mustangs are the Best, and Old Ferrari’s are a Rick Buy.

The MuscleCar Place

Robert Kibbe

Automotive, Leisure, Business, Careers

4.8701 Ratings

🗓️ 3 June 2022

⏱️ 49 minutes

🧾️ Download transcript

Summary

Happy June and Happy Fathers Day! Rick Schmidt is back again for an all new Ask Rick segment and this time it is a smorgasbord of questions regarding all aspects of the automotive market. When got into everything from OEM stock trading to understanding which car is his personal "spirit animal!"

The post TMCP #506: Ask Rick – Ford Selling Rivian Stock, 69 Mustangs are the Best, and Old Ferrari’s are a Rick Buy. first appeared on The Muscle Car Place.

Transcript

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0:00.0

The Muscle Car Place Online Podcast, episode number 506. This week it's the first show of June,

0:07.3

and Rick is here to tackle the questions of the day. Questions like, why is Ford selling off

0:12.4

some of their shares in Rivian? And is an 88 Ferrari Testrosa a good bang for the buck car

0:18.8

to drive for the summer and then flip.

0:21.1

And then finally, maybe on a sentimental note for Father's Day, what are the cars in the

0:26.1

NPD collection that most represent Rik and his dad, not the most valuable, but the most important?

0:32.1

My first car that I bought as a project of 14 years old was a 69 Mach 1 and he bought his model A out of a junkyard

0:39.0

when he was 14 years old. That's the car that got him way steep in the restoration hobby.

0:45.7

It's the car that got him into the parts business. That's the car that started everything for him.

0:53.3

This is the Muscle Car Place online podcast, brought you by National Parks Depot.

0:59.8

This is the weekly show dedicated to people worldwide who love American muscle cars.

1:06.2

If you're buying, selling, restoring, even racing them, this is the place for you. Now, here's your host,

1:14.5

Rob Kibby. Yes, indeed. I am Rob Kibby, and welcome to the Muscle Car Place podcast. Welcome

1:20.1

everybody. Rick is here for a fun show. I think you're going to love it. We cover a lot of ground

1:25.0

in this one. I love the curveball shows for Rick, and I love the very rare times when I can ask him a question

1:32.1

he doesn't have some background knowledge of already.

1:35.8

It's not because I'm trying to stump him, although there's always fun in that, but it hasn't

1:39.9

happened yet.

1:40.9

But because there's so much going on in the world, and he has so much experience

1:44.2

in his industry, when I tell him something that he hasn't heard about, his take on the matter,

1:50.0

I think is pretty telling of what the real truth probably is. When we get to the part about

1:54.5

Ford dumping some of their stock and ribbon, listen to that part closely. It's interesting to me

...

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