In our industry, we've seen exactly that happen in B.C., with customers buying and registering in their secondary residence in Arizona, Florida, California or wherever that might be and/or finding a way to buy and register the vehicle in the next province over, which is Alberta, or buying used vehicles. We definitely have seen that effect in our sector with the B.C. example.
I would refer you to the example in the U.S. in 1990 and 1992. You saw the exact same thing happening there, with people either delaying purchasing decisions or taking other avenues. What we're most concerned about are the jobs that would be affected in our sector. If you're a luxury dealer who has specialized in that segment, all of a sudden 100% of your vehicle sales are affected by this luxury tax. If they're based in B.C., quite a few of our members would be facing the decision of whether to close down the dealership that they have invested millions of dollars in over the last years to get up and running and get imaged the way the brands want it. For them, this tax affects 100% of their business.
Even though the overall market might not be as large for some of our members, it's 100% of their business.