http://online-logistique.net/late-model/
Late Model
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“Late Harvest” Foxfire Farm by Lowell Davis – Ertl – John Deere Model B – MIB $39.95 |
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Bill Elliott Late Model $39.95 |
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BUCK SIMMONS 1995 PRO SHOCKS ONE STOP RACING LATE MODEL DIRT CAR 1/24 MINT $39.99 |
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1/24 Ralph Quarterson Custom Dirt Modified Late Model Race Car Ertl 1940 Coupe $75.00 |
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1/24 Blackie Watt Custom Dirt Modified Late Model Race Car Ertl 1940 Coupe $75.00 |
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Chrome Mud Plugs for ADC Late Model Dirt Race Car 4 Metal Mudplugs. $3.50 |
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Mud Plugs for ADC Late Model Dirt Race Car $2.50 |
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Tony Stewart #20 Bass Pro Shops 2007 Monte Carlo SS Late Model Dirt–1:24 RARE $89.00 |
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1/24 ADC Dirt Late Model – Terry Phillips #75 $50.00 |
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1/24 ADC Dirt Late Model – Terry Phillips “DIRTY / RACED” #75 $55.00 |
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RARE 2008 1/24 ADC STEVE CASEBOLT DIRT LATE MODEL DIRT CAR $46.00 |
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RARE 2006 1/24 ACTION TONY STEWART COLOR CHROME DIRT LATE MODEL DIRT CAR $145.00 |
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RARE 1999 1/24 ACTION FREDDY SMITH DIRT LATE MODEL DIRT CAR $20.00 |
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RARE 2001 1/24 ACTION GARY WEBB DIRT LATE MODEL DIRT CAR $20.00 |
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RARE 2000 1/24 ACTION RAY GUSS DIRT LATE MODEL DIRT CAR $20.00 |
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RARE 2005 1/24 ADC TERRY ENGLISH DIRT LATE MODEL DIRT CAR BRAND NEW $20.50 |
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RARE 2007 1/24 ADC FRED PERRY ONLY 40 MADE DIRT LATE MODEL DIRT CAR $75.00 |
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Chevy Custom Modified Dirt Late Model Race Car Tow Flatbed Ramp Hauler Truck $100.00 |
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Action Dale Earnhardt #3 Wrangler Jeans Outlaw 1985 Late Model Camaro Xtreme $15.45 |
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2011 Tony Stewart Bass Pro Prelude Dirt 1:64 Nascar Diecast Late Model 2012 $12.99 |
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2007 1/24 ADC Action MA #19 Elliott Sadler Dodge Prelude the Dream Late Model $24.99 |
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2007 1/24 ADC Action MA #7 Mike Wallace Geico Prelude the Dream Late Model $30.99 |
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2004 1/64 ADC DENNIS FRANKLIN DIRT LATE MODEL DIRT CAR $40.00 |
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WEST COAST CHOPPERS Jesse James Figure 8 Late Model OUTLAW 666 Very Rare (NIP) $10.00 |
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Billy Moyer 1:64 #21 1997 Action Dirt Late Model Car $13.99 |
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Dale Earnhardt Jr Goodwrench Service Plus Late Model 1/24 Diecast $15.00 |
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SUPER GT 500 2007 KONDO ADVAN Z LATE VERSION BLUE/BLACK EBBRO Model 1/43 #43929 $30.00 |
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ADC 2007 1/64 Jordan Bland dirt late model $25.00 |
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ADC 1/64 2009 Jason Rauen dirt late model $20.00 |
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LATE MODEL FORD THUNDERBIRD SHOW CAR ROADSTER MAISTO SHOWROOM DISPLAY RARE BLK $29.99 |
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RARE 2000 1/24 ACTION TONY STEWART DIRT LATE MODEL DIRT CAR $28.50 |
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Nuiguruma TypeS for NISSAN SILVIA S14 240SX late model $19.00 |
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RARE 2001 1/24 ACTION RAY COOK DIRT LATE MODEL DIRT CAR $20.00 |
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Ertl 1/16 Foxfire Farms “Late Harvest” John Deere Model B & Wagon BOX ONLY $4.99 |
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#44 CLINT SMITH 2011 1/64 DIRT LATE MODEL CAR $14.95 |
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#7 JARED LANDERS 2011 1/64 DIRT LATE MODEL CAR $14.95 |
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Late Model Modified Dirt Car Blank With Free Mudplugs Hoosiers or American Racer $30.00 |
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1997 DALE EARNHARDT JR #3 GM GOODWRENCH SERVICE MONTE CARLO LATE MODEL $14.99 |
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JIMMIE JOHNSON #48 LOWE’S POWERED BY DADS LATE MODEL 1:24 ADC DIECAST $74.95 |
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SHANNON BABB #18 DONLEY TRUCKING LATE MODEL 1:24 ADC DIECAST $64.95 |
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SHANNON BABB DONLEY TRUCKING #18 LATE MODEL 1:64 ADC DIECAST $17.95 |
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1/43 HPI MIRAGE Resin Model TOYOTA 2000GT 1969 late version FL Atlantic Green $99.99 |
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1/43 HPI Racing Model Toyota 2000GT 1968 Late Version Thunder Silver Metallic $99.99 |
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#18 KYLE BUSCH 2011 M&M “ROWDY” LATE MODEL DIRT CAR 1 OF 750 $64.95 |
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1:24 ACTION ADC #07 JACK DANIELS LATE MODEL DIRT PRELUDE DREAM CLINT BOWYER $59.99 |
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Ken Schrader 1:24 Action 1995 Budweiser Late Model Dirt Car $19.99 |
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1/24 Neil Bonnett 1964 B&H Motors Chevelle Historical Series Late Model $69.99 |
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Dale Earnhardt 85 Wrangler #3 Late Model 1/24 Camaro $49.99 |
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1/64 scale diecast Mike Brockert diecast dirt late model $25.00 |
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1/24 scale Brandon Sheppard Diecast Dirt Late Model $50.00 |
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1/64 SCALE DIECAST TODD SANDUSKY DIRT LATE MODEL $25.00 |
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1/64 SCALE DIECAST JAMES FUCHS DIRT LATE MODEL $25.00 |
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1:24 Brett Hearn Dirt Late Model $22.00 |
A Business Model That Keeps on Giving
If there were an Entrepreneur’s Hall of Fame, Wayne Huizenga would be a charter member. Most people recognize the Wayne Huizenga as being the former owner of the Florida Marlins baseball team, and the current owner of the National Football League’s Miami Dolphins. These are the types of gaudy baubles a billionaire entrepreneur collects. However, his success came from the most elemental business: trash hauling.
Mr. Huizenga started as a small time cartage operator for a waste disposal firm in south Florida. He worked his way into sales and ultimately bought a small firm. In the 1960’s waste disposal was a local, independent, mom and pop type of business in the United States as well as in most industrialized countries. There was no scale. Each trash removal firm worked on contracts negotiated with local governments. There was always the fear of political winds changing and effecting a contractors future status.
From his perspective as a small time operator in a highly fragmented industry, Wayne Huizenga knew that he needed a safety net, not wanting to be tied to a sole municipality for his firm’s sustenance. His idea was elegantly simple: he would build a national firm, with appropriate leverage and economies of scale, by buying up key independent garbage hauling firms in strategically important markets. This would provide the strength to expand in every secondary market and standardize this formerly sclerotic industry.
This idea evolved into Waste Management. Mr. Huizenga became a billionaire when his firm, after ascending to the number one spot as an international garbage-hauling firm, with contracts spanning the United States, Europe and Asia, was listed on the New York Stock Exchange. The simple idea of consolidating hundreds of independent firms under one roof and standardizing the service menu was a thoroughly disruptive new business model. Former owners for these independent businesses were induced to sell by offers of stock, options and management contracts.
With a billion dollars in hand, Mr. Huizenga could have retired and collected art, cars, coins or stamps. He could have hung out with the idle rich. Instead, he applied the business model that created Waste Management to a completely different business category: home entertainment. In the 1970’s, with the market introduction of first beat-max, and subsequently VHS technology, and then the rapid descent of retail pricing for home video players, thousands of independent retail stores popped up offering video for rent. The ability to rent a popular movie tape and play it when desired in the comfort of one’s home, was a huge change in behavior and the method of delivering entertainment to the masses.
Wayne Huizenga was restless, looking for a new challenge and open to any opportunity that offered huge potential upside rewards. He saw it in a small, but growing firm: Blockbuster Video. Today, the consumer recognizes the Blockbuster brand as a generic term for home entertainment. 25 years ago, Blockbuster was one of a handful of movie rental chains, several sold franchises, all were regional, struggling for capital to fund expansion, and competing against locally owned stores. The same fragmented industry distribution channels that existed in the garbage removal business were immediately obvious to Wayne Huizenga. He pounced.
After purchasing Blockbuster Video, Mr. Huizenga began the same type of assimilation program he pursued with Waste Management. Small, local video rental chains were purchased. The Company was listed on the New York Stock Exchange and the funds raised fueled a rapid expansion. The leverage and muscle that Blockbuster gained was utilized in purchasing product from the major Hollywood studios at more favorable terms than any competitor could negotiate. Small locally owned stores could not compete and thousands closed, creating more expansion opportunities for Blockbuster.
Blockbuster Video was a growth company with a huge following on Wall Street. Mr. Huizenga had replicated the success of Waste Management in a completely different industry. While Blockbuster was at its apex, he sold the business to Viacom. Hauling garbage is a highly needed, but largely unappreciated service. Renting movies is a service that is less important, but much more desired by the public. The same business model worked perfectly in two totally opposite areas of opportunity.
Blockbuster Video and Waste Management made Wayne Huizenga one of the most recognizable and successful entrepreneurs of the 20th century. Most people with but a small slice of this type of achievement would be completely satisfied and content. Not so with Wayne Huizenga!
Seeking another fragmented industry, where the opportunity to roll-up local and regional outlets would enable repetition of the Blockbuster Video and Waste Management successes lead Mr. Huizenga to the world of used car sales and marketing. He immediately recognized the same dysfunctional market forces, absence of scalability and pricing inefficiencies so readily apparent in the video rental and garbage hauling business.
During the 1990’s auto leasing became wildly popular. These cars are leased for a set term, typically returned with average or below average miles and dealer maintained. The problem for the automobile industry was, and is, the inventory glut that occurs as leased cars are returned. This created a unique opportunity for Wayne Huizenga and his favorite business model.
He launched Auto Nation with a public sale of equity on the New York Stock Exchange. Today, Auto Nation is the largest seller of late model used cars in the world. Inventory is vast, offering virtually every popular model in great depth and variety. The scale and national reach of Auto Nation, enables pricing to be very sharp, almost always significantly lower than local dealers. In addition, all prices are negotiable and fixed, eliminating one of the major negatives to purchasing a car, haggling over price.
Three times, in three totally differing industries, Wayne Huizenga has applied a uniquely disruptive business model that has streamlined sluggish, non-dynamic business categories. He started very small. He thought very big. This is a perfect template for every prospective entrepreneur to study and utilize.
About the Author
Geoff Ficke has been a serial entrepreneur for almost 50 years. As a small boy, earning his spending money doing odd jobs in the neighborhood, he learned the value of selling himself, offering service and value for money.
After putting himself through the University of Kentucky (B.A. Broadcast Journalism, 1969) and serving in the United States Marine Corp, Mr. Ficke commenced a career in the cosmetic industry. After rising to National Sales Manager for Vidal Sassoon Hair Care at age 28, he then launched a number of ventures, including Rubigo Cosmetics, Parfums Pierre Wulff Paris, Le Bain Couture and Fashion Fragrance.
Geoff Ficke and his consulting firm, Duquesa Marketing, Inc. (www.duquesamarketing.com) has assisted businesses large and small, domestic and international, entrepreneurs, inventors and students in new product development, capital formation, licensing, marketing, sales and business plans and successful implementation of his customized strategies. He is a Senior Fellow at the Page Center for Entrepreneurial Studies, Business School, Miami University, Oxford, Ohio.
how advanced, is a late Model Truck?
How does a new truck need to be considered a late-model truck?
Late model would be in 5 years (which is usually the time it takes to pay off a car) 2004
