Colin Langan: Got it. Okay. And then in the past, I think you put out by 2026 for AutoNation USA, 130 stores. I mean, I think you’re at 60 now. I mean any color on how we should be thinking about it and when maybe the ramp will start to reaccelerate?
Mike Manley: Yes. I touched on this somewhat last year and earlier. And what I checked was, and maybe I wasn’t clear enough, I apologize for that. We will get to $130 million. I’m not going to be governed by a time line that as things develop in the marketplace make that $130 million the wrong thing to do for the business. We’re very clear on the locations we want to be on. We have a fantastic strategy and team working on it. We’re very clear now having open 16 of these that we’ve learned a lot, frankly, from opening 16 both on the size of the footprint, the capital involved, but also the cadence of opening. And one of the things I said was that you’ll see a mitigation in terms of the speed we’re opening AN USA, so that what we don’t do is disrupt the existing growth and development of the USA stores.
Number one. And two, we don’t force a bad decision, a bad location because of some operational time line to achieve $130 million. So we will achieve $130 million. You’ll probably see seven more through the balance of this year. Will you see an acceleration only if I believe and the team believe operationally, we can cope with it and that it is the right location at the right capital cost.
Operator: Our next question comes from Bret Jordan from Jefferies. Bret, your line is now open. Please go ahead.
Bret Jordan: On the AutoNation USA service penetration, I guess, how does that compare to the used cars sold out of the franchise stores? I mean the mobile vans are still ramping, but are you seeing those customers coming back after the purchase at the rig, you see them at the legacy business.
Mike Manley: No, no. We do have a penetration — it depends on the densification that we have or the density we have with other businesses in the marketplace. Because if we have appropriate franchise businesses, then we maintain or hand off the service work effectively, but there’s an important percentage of customers that find have historically found an alternative to look after their servicing and warranty needs. Progressively going forward, they will need to do that because they’ll have access to RepairSmith and replacements will effectively become, increasingly become the service and part arm for AutoNation USA.
Bret Jordan: Okay. And then a question, I guess, the domestic inventory build, given your background, do you think it’s strategic that the big three are building given UAW risk? Or are they building for the sake of building
Mike Manley: I think that Obviously, I can’t get — I can’t get into their mind, but I would certainly be building in this way. I think it’s prudent build, frankly and when I look at the mix of vehicles that are being produced. And I think about the turn rate that we’re still able to achieve with those vehicles, I’m comfortable and I think it’s the right thing that’s happening. We’re still only have 43 days of the domestic. I have to say embarrassingly in my time, we were up at 130. So when we talk about build, I think we still have to remind ourselves and ground ourselves that particularly for the domestics, high levels of inventory, spot deliveries is what most of the customers are used to and expect in those businesses. So yes, we are talking about a build, but we’re only at 43 days.
Operator: Our next question comes from David Whiston from Morningstar. David, your line is now open. Please go ahead.
