First, just let me make it as clear as clear can be. The purchase of used cars is included in the CPI. Not everybody buys a used car, of course. I've bought used cars. Not everybody buys a used car every month, or for that matter, every year. When you look at that basket overall, the weight of purchasing a used car is about 1.43% in the CPI. Used cars, along with new cars, are included in the CPI in Canada. I just want to make that very clear.
What we are differing on in the case of that change.... Once you adjust for quality—does it have airbags, does it have the rear-view camera and so on—once you adjust for that, then for each year you have to look at the price change as it gets older. What factor do you use to do that comparison, from one year to the other, for a used car?
In Canada, of course if we had a ready-made data source that would tell us that, where everybody would report what they paid, what the features were, the year and so on, then we'd have a perfect way to account for that change in time. In the absence of that, we use what we do have, which is the change for that controlled quality—the new car—and we use that as a change.
Like I said, we don't just dismiss it. We are, in fact, doing some work with registrations and other private sector providers of that data to see how we can get at a good number. Just keep in mind it would still only be cars that are sold at dealerships. It does not include what you might put up on—I don't want to promote any one platform—whatever one may use to sell their car.