Sure.
That's a great question.
First of all, we're extremely grateful that we were able to dodge the bullet on auto tariffs because, yes, for sure, that was the nuclear option. That would have been devastating. It was the number one preoccupation for our dealers.
In terms of the supply chain itself, our supply chain of automobiles and trucks has not been disrupted.
I want to talk about the cars, and then I want to talk about our facilities. We're fortunate on one hand that cars aren't spot priced. We have fluctuations in currency. There are the fluctuations that the manufacturers have with their raw materials. Fortunately, from that perspective, we're not subject to immediate impact. What happens with regard to the prices is that the cost pressure builds, and eventually your OEM has two choices: eat the price or pass it on.
One of the things that our members are faced with today is that it's an expensive business to be a car dealer. Your inventory is a high cost. It's your number one cost to carry that inventory. The inventory does not belong to the manufacturer. It belongs to the dealership.
So, we did not see a disruption in those chains. There are some manufacturers that did increase their prices; therefore, those prices are passed on to the consumer. However, if your inventory price goes up, your floor planning costs go up, etc.
The other effect on our members is from a facilities perspective. We were listening to Mr. Easter talk about the cost of a roof and a price increase of $250,000. Last year, one of our members sat with me—really, where Oumar is sitting today—and he was investing, in Oshawa and in Clarington, $30 million in his new Audi facility and his RV facility.
Do you remember him?