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4 seat speed UTV

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WhatExit?

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Lunatic Fringe

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These babies better hit the dealers before the economy takes a shit!

Can't wait to check one out.

Barring any amazingly stupid moves by our current administration, I doubt we are facing the economy taking a shit.
A slow down? Sure.

The impact I foresee, only because I'm dealing with it also, is the outrageous cost increase in ocean freight.

I'm assuming due to what's been posted previously that a fair amount of the parts are being manufactured overseas and ocean freight costs planned for 2 years ago have tripled or even quadrupled in that time.

I'm not implying they will reneg on their deals but the margin is going to take a serious beating.

Like LOF says, Speed will probably sell every car they build here in the beginning. Even if they'd rather not...
 

LargeOrangeFont

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Barring any amazingly stupid moves by our current administration, I doubt we are facing the economy taking a shit.
A slow down? Sure.

The impact I foresee, only because I'm dealing with it also, is the outrageous cost increase in ocean freight.

I'm assuming due to what's been posted previously that a fair amount of the parts are being manufactured overseas and ocean freight costs planned for 2 years ago have tripled or even quadrupled in that time.

I'm not implying they will reneg on their deals but the margin is going to take a serious beating.

Like LOF says, Speed will probably sell every car they build here in the beginning. Even if they'd rather not...
I am with you, I don’t think they will screw with the pricing of direct sales, of which there are only a couple thousand and change anyway. RG stated that their business plans was that the first couple thousand cars were supposed to be loss leaders anyway. Clearly that will be more loss today than a year ago.

MSRP is gonna go up, and I would assume after the customer cars are done, the dealer “order” cars will be at a higher MSRP.

I think they will wait on any more pricing changes until they are making the cars.
 

Lunatic Fringe

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I am with you, I don’t think they will screw with the pricing of direct sales, of which there are only a couple thousand and change anyway. RG stated that their business plans was that the first couple thousand cars were supposed to be loss leaders anyway. Clearly that will be more loss today than a year ago.

MSRP is gonna go up, and I would assume after the customer cars are done, the dealer “order” cars will be at a higher MSRP.

I think they will wait on any more pricing changes until they are making the cars.

The most interesting part of their business model for me will be how they handle the transition from manufacturer direct to dealer sales.
One would assume that at some point direct sales pricing will take a large jump as there is no obvious way to lower dealer purchase cost significantly.
This is what will save 1Carl if he can afford to follow through on buying out his cars that may not sell early. Still a crap shoot though.
 
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LargeOrangeFont

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The most interesting part of their business model for me will be how they handle the transition from manufacturer direct to dealer sales.
One would assume that at some point direct sales pricing will take a large jump as there is no obvious way to lower dealer purchase cost significantly.
This is what will save 1Carl if he can afford to follow through on buying out his cars that may not sell early. Still a crap shoot though.
They talked about that somewhat as well in the releases. It may keep the dealers honest, but Speed is not going to undercut their dealers.

I don't know what they will do, maybe they will limit the "custom" cars to some limited amount per year.
 

Dirty Air

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They talked about that somewhat as well in the releases. It may keep the dealers honest, but Speed is not going to undercut their dealers.

I don't know what they will do, maybe they will limit the "custom" cars to some limited amount per year.
The most interesting part of their business model for me will be how they handle the transition from manufacturer direct to dealer sales.
One would assume that at some point direct sales pricing will take a large jump as there is no obvious way to lower dealer purchase cost significantly.
This is what will save 1Carl if he can afford to follow through on buying out his cars that may not sell early. Still a crap shoot though.

LOF and LF.....I'm confused, are you 2 actually agreeing with each other??
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RiverDave

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Barring any amazingly stupid moves by our current administration, I doubt we are facing the economy taking a shit.
A slow down? Sure.

The impact I foresee, only because I'm dealing with it also, is the outrageous cost increase in ocean freight.

I'm assuming due to what's been posted previously that a fair amount of the parts are being manufactured overseas and ocean freight costs planned for 2 years ago have tripled or even quadrupled in that time.

I'm not implying they will reneg on their deals but the margin is going to take a serious beating.

Like LOF says, Speed will probably sell every car they build here in the beginning. Even if they'd rather not...

You would think they would buy all the slots back from people that are backing out at cost and the. Resell the lower spot numbers for a higher price?

They aren’t though. They actually broker the sales of spots to others for free, with no markup.
 

Lunatic Fringe

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You would think they would buy all the slots back from people that are backing out at cost and the. Resell the lower spot numbers for a higher price?

They aren’t though. They actually broker the sales of spots to others for free, with no markup.
???

Not sure what you're saying in the first paragraph here.

I wouldn't think that.
As with any start up, product on the ground will take precedence every time.

The last thing Speed would want is us "haters" 🙄 talking about them having to buy back spots.

There would never be a need anyway considering they've said they're not building by master number sequence.

IF some spots were abandoned, just move on by and no one's the wiser.
 

LargeOrangeFont

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???

Not sure what you're saying in the first paragraph here.

I wouldn't think that.
As with any start up, product on the ground will take precedence every time.

The last thing Speed would want is us "haters" 🙄 talking about them having to buy back spots.

There would never be a need anyway considering they've said they're not building by master number sequence.

IF some spots were abandoned, just move on by and no one's the wiser.

They were never building by master number sequence because they are building one model at a time and people order different models. By models I mean 2 seat or 4 seat.

Dave is wondering why they just don’t buy the spots back and resell them instead of brokering the sales. I think the answer is because they are simply trying to build the brand by connecting people who no longer want cars with people who now want cars. They know this process took longer than they promised and people change their minds.

They have said instead of advertising they wanted to give back to the early adopters by giving them a good deal on the car letting happy customers and the performance sell their products.

They have stayed true to that thus far.
 
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RiverDave

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???

Not sure what you're saying in the first paragraph here.

I wouldn't think that.
As with any start up, product on the ground will take precedence every time.

The last thing Speed would want is us "haters" 🙄 talking about them having to buy back spots.

There would never be a need anyway considering they've said they're not building by master number sequence.

IF some spots were abandoned, just move on by and no one's the wiser.

I was saying that because the costs have risen dramatically since they started and sold those spots there would be an opportunity for them to purchase them back and offset some of that pain.

They aren’t, not sure why they aren’t..
 

Lunatic Fringe

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I was saying that because the costs have risen dramatically since they started and sold those spots there would be an opportunity for them to purchase them back and offset some of that pain.

They aren’t, not sure why they aren’t..
Because 1 Carl is bad enough of a look for them.
I personally don't have a problem with him trying to make a buck. He's accepted the risk and should be able to reap any reward if it comes.

The last thing they should do is mimic him.

The losses, if they exist, are in place already and I would see the bad PR offsetting any gains they might make by re-selling spots themselves at a higher price. Particularly if those build spots were sooner than people who waited.
 

1Carl

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They are for sale in classifieds. I don’t need to spam my UTVs for sale. Everyone else on here does it for me, all the time. Ty
 

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teded

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Driving on the 10 eastbound yesterday about 30 miles from Blythe we saw 2 Speed cars on a trailer going west.
 

Lavey5150

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Nothing like some real ride a longs in speed UTVs😊


LMFAO A ride along OMG Holy chit🤣. try a 500 plus HP ride next time.... did RG buy them a sammich before or after the plug...........🤣 Was that Carls first time....
 
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1Carl

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See pages 12-18
 

RiverDave

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LMFAO A ride along OMG Holy chit🤣. try a 500 plus HP ride next time.... did RG buy them a sammich before or after the plug...........🤣 Was that Carls first time....

I know the first guy in the video. He is one of the owners of the mountain we are selling in havasu.
 

1Carl

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Looks like I’ll be getting Master #35 soon😊
 

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1Carl

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Some of the first 50 made will be going to buyers if they pass quality tests and are up to RG standards. I think I’ll be getting mine😊
 

Bpracing1127

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Some of the first 50 made will be going to buyers if they pass quality tests and are up to RG standards. I think I’ll be getting mine😊
90 days after production starts

So say it starts 4/15. You will get it mid July.
 

OldSchoolBoats

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I have no idea why I am getting involved in this thread at this point, but just have to state my opinion. I hope I am wrong, but the whole thing smells funny to me. Maybe I have been listening to too many Swindled Podcast episodes or maybe it is the mini series I am watching about Theranos...🤷‍♂️

Whatever it is, this just seems fishy to me. Every time I drop in this thread the delivery dates get pushed back. It is now 2022 and this thread was started 2 years ago. I understand that COVID affected a lot of things, but this is just ridiculous. He had plenty of time before and after this thread started to do the R&D for his "perfect car"......at this point if I was waiting for one of these, I would be pissed.

His response below is laughable. I would be shocked if any of you guys actually get your cars this year. Also, where are these things being manufactured at? I know that @RiverDave said that he saw the facility with robots and everything? I tried to find information on it through the interwebs, but there is nothing.

Once "production starts" they will deliver 1750 cars in 90 days? Where and how are they going to build 1000 cars in a month? What kind of "issues with supplied parts" are they going to run into? I have a feeling that a couple hundred cars will be delivered, at most and then that will satisfy everyone to continue waiting and waiting.

As of this time last year, there were over 2700 orders. How many are there now?

Like I said, hopefully I am wrong but this thing seems like a mess and I think RG is in over his head with all that deposit money running dry................


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mash on it

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I have no idea why I am getting involved in this thread at this point, but just have to state my opinion. I hope I am wrong, but the whole thing smells funny to me. Maybe I have been listening to too many Swindled Podcast episodes or maybe it is the mini series I am watching about Theranos...🤷‍♂️

Whatever it is, this just seems fishy to me. Every time I drop in this thread the delivery dates get pushed back. It is now 2022 and this thread was started 2 years ago. I understand that COVID affected a lot of things, but this is just ridiculous. He had plenty of time before and after this thread started to do the R&D for his "perfect car"......at this point if I was waiting for one of these, I would be pissed.

His response below is laughable. I would be shocked if any of you guys actually get your cars this year. Also, where are these things being manufactured at? I know that @RiverDave said that he saw the facility with robots and everything? I tried to find information on it through the interwebs, but there is nothing.

Once "production starts" they will deliver 1750 cars in 90 days? Where and how are they going to build 1000 cars in a month? What kind of "issues with supplied parts" are they going to run into? I have a feeling that a couple hundred cars will be delivered, at most and then that will satisfy everyone to continue waiting and waiting.

As of this time last year, there were over 2700 orders. How many are there now?

Like I said, hopefully I am wrong but this thing seems like a mess and I think RG is in over his head with all that deposit money running dry................


View attachment 1099489

Over 2 years in:
Tucker had 50 cars (1947/48)

Henry had 94,837 Jeeps (1941/42)

Robby has 4? Cars. (2020/22)

Robby has it handled.



Dan'l
 

BIGRED9158

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I have no idea why I am getting involved in this thread at this point, but just have to state my opinion. I hope I am wrong, but the whole thing smells funny to me. Maybe I have been listening to too many Swindled Podcast episodes or maybe it is the mini series I am watching about Theranos...🤷‍♂️

Whatever it is, this just seems fishy to me. Every time I drop in this thread the delivery dates get pushed back. It is now 2022 and this thread was started 2 years ago. I understand that COVID affected a lot of things, but this is just ridiculous. He had plenty of time before and after this thread started to do the R&D for his "perfect car"......at this point if I was waiting for one of these, I would be pissed.

His response below is laughable. I
would be shocked if any of you guys actually get your cars this year. Also, where are these things being manufactured at? I know that @RiverDave said that he saw the facility with robots and everything? I tried to find information on it through the interwebs, but there is nothing.

Once "production starts" they will deliver 1750 cars in 90 days? Where and how are they going to build 1000 cars in a month? What kind of "issues with supplied parts" are they going to run into? I have a feeling that a couple hundred cars will be delivered, at most and then that will satisfy everyone to continue waiting and waiting.

As of this time last year, there were over 2700 orders. How many are there now?

Like I said, hopefully I am wrong but this thing seems like a mess and I think RG is in over his head with all that deposit money running dry................


View attachment 1099489


You had to go and stir the pot didn’t you now LOF will be in here shortly and we will have another 2 pages of worthless information 🤣
 

kat_williams

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You had to go and stir the pot didn’t you now LOF will be in here shortly and we will have another 2 pages of worthless information 🤣

Save you some time. Tesla was late on there cars, Bronco was late, why are you trying to hold Robby to higher standards than Telsa or Ford? This SXS will be so much better than anything anyone can even imagine it's worth the wait. If you don't have a deposit down then don't talk.
 

BIGRED9158

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Save you some time. Tesla was late on there cars, Bronco was late, why are you trying to hold Robby to higher standards than Telsa or Ford? This SXS will be so much better than anything anyone can even imagine it's worth the wait. If you don't have a deposit down then don't talk.

Are you going to find me and eliminate me like Robby Gordon for talking smack
 

LargeOrangeFont

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I have no idea why I am getting involved in this thread at this point, but just have to state my opinion. I hope I am wrong, but the whole thing smells funny to me. Maybe I have been listening to too many Swindled Podcast episodes or maybe it is the mini series I am watching about Theranos...🤷‍♂️

Whatever it is, this just seems fishy to me. Every time I drop in this thread the delivery dates get pushed back. It is now 2022 and this thread was started 2 years ago. I understand that COVID affected a lot of things, but this is just ridiculous. He had plenty of time before and after this thread started to do the R&D for his "perfect car"......at this point if I was waiting for one of these, I would be pissed.

His response below is laughable. I would be shocked if any of you guys actually get your cars this year. Also, where are these things being manufactured at? I know that @RiverDave said that he saw the facility with robots and everything? I tried to find information on it through the interwebs, but there is nothing.

Once "production starts" they will deliver 1750 cars in 90 days? Where and how are they going to build 1000 cars in a month? What kind of "issues with supplied parts" are they going to run into? I have a feeling that a couple hundred cars will be delivered, at most and then that will satisfy everyone to continue waiting and waiting.

As of this time last year, there were over 2700 orders. How many are there now?

Like I said, hopefully I am wrong but this thing seems like a mess and I think RG is in over his head with all that deposit money running dry................


View attachment 1099489

There is one detail and 2 questions.

Detail- global supply chain issues and no one can get anything built on time.

Question 1 - If no one can get anything out on time, why do you expect Speed to be able to?

Question 2 - Do you really think a multi millionaire is going to burn his entire lifetime network of partners, suppliers, and sponsors to swindle people out of a few million bucks? There are waaaaaay cheaper ways to rob people than this.

Every question you have has been answered in the weekly releases over time. The timeline is and has been fluid, along with every other firm that makes anything these days. I don’t think anyone that has a deposit is worried about getting ripped off. Some are tired of waiting however.
 

LargeOrangeFont

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Save you some time. Tesla was late on there cars, Bronco was late, why are you trying to hold Robby to higher standards than Telsa or Ford? This SXS will be so much better than anything anyone can even imagine it's worth the wait. If you don't have a deposit down then don't talk.

That is a solid synopsis that no one seems to have a good answer for yet.
 

OldSchoolBoats

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There is one detail and 2 questions.

Detail- global supply chain issues and no one can get anything built on time.

Question 1 - If no one can get anything out on time, why do you expect Speed to be able to?

Question 2 - Do you really think a multi millionaire is going to burn his entire lifetime network of partners, suppliers, and sponsors to swindle people out of a few million bucks? There are waaaaaay cheaper ways to rob people than this.

Every question you have has been answered in the weekly releases over time. The timeline is and has been fluid, along with every other firm that makes anything these days. I don’t think anyone that has a deposit is worried about getting ripped off. Some are tired of waiting however.

Sometimes the swindle isn't on purpose, the intentions are good from the beginning. However, you do reach a point where you have gone so far, there is no turning back and the can is perpetually kicked down the road. Again, I 100% hope I am wrong brother, but this story has been played out before and I am very pessimistic at this point.

Also, had anyone seen the production facilities that can handle this volume?? If you can post a video with the tour, I would appreciate it. Couldn't find anything.
 

LargeOrangeFont

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Sometimes the swindle isn't on purpose, the intentions are good from the beginning. However, you do reach a point where you have gone so far, there is no turning back and the can is perpetually kicked down the road. Again, I 100% hope I am wrong brother, but this story has been played out before and I am very pessimistic at this point.

Also, had anyone seen the production facilities that can handle this volume?? If you can post a video with the tour, I would appreciate it. Couldn't find anything.

If Speed UTV folds, it’s on me. I’ve spent more in Vegas for a weekend than I have into my couple cars. I knew the risk goin in.

Unless they are completely lying, the car is fully designed, and ready to produce. The cars are not full billlet, so someone spent money to cast all the parts. So let’s assume that the car is basically “done”.

So if they fold, they have half a billion+ in sales commits. Someone will buy the rights to the cars and make them.

The volume of cars they want to make is a fraction of what Polaris and Can Am make in a year. We have not seen much in the way of an assembly line. The Hisun facilities where they will be built is in Texas. Hisun makes things for a lot of MFGs. and also makes some of their own machines.
 
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