Craig Kennison: Thanks. And I wonder if I could just follow up and ask about the health of your dealer network. Clearly, you’ve gained shared dealers and you’re now the most significant brand in many of those dealers. Just didn’t comment on the health of those dealers given that are they face tighter margin and some rising costs in terms of floorplan expense.
Jose Boisjoli : I mean, overall, we were at the dealer meeting for the snowmobile and the new ATV a month and a half ago now. And the dynamic is excellent. And dealer like OEM that push and we introduced again on snowmobile, a lot of novelties, the electric snowmobile, they see that transition to this new technology coming in and they see the first product are reaching to the market. They were very impressed with the new ETV like I said in my remarks. We were like more than 10 years before — since we invested in this — we found that new platform. Then when they look all of this, how dynamic we are and how pushing we are, and they making more money with our product line. Then the relationship we have with our dealers is the highest I never saw.
Then when you sell this, we feel happy, obviously. They would like to keep the margin that we had in the peak of the demand during the COVID. But they are realistic that this time is probably pass and it will come back. I will not I hope it won’t be to what it was pre-COVID, but then in between of pre-COVID than what we had last year.
Craig Kennison: Great, thank you.
Jose Boisjoli : Thank you, Craig.
Operator: Your next question comes from Jonathan Goldman from Scotiabank. Please go ahead.
Jonathan Goldman: Hey, good morning, guys.
Jose Boisjoli : Good morning.
Jonathan Goldman: So I just wanted to circle back to the macro, I guess it seems to be the toughest for sure . Some investors and at least myself are looking to analog to compare the current environment to past cycles. You guys obviously have a much larger sample size with the company and with the industry. But maybe looking at where we are right now and obviously a lot of uncertainty, but in formulating your guidance, how does the current environment compared to past cycles? And maybe what ways that the industry changed, obviously, the GFC was an extreme event but even the cycles before that any changes structurally in the industry, would be helpful.
Sebastien Martel : But like we said in the remark, we see some slowdown into the used market, but I think this is a temporary thing. Everyone is on the fence right now to maintain high value or high cost. And I think when the spring will come, some dealer will start to reduce their MSRP for used, and this will come back to a more normal level. The other thing is a lot of OEMs and dealers talk about the slowdown into the entry level. We have the spark in the right curve which is preorders is a bit lower than on the high end watercraft and high-end three-wheel vehicle, but it’s still higher than pre-COVID on the pre orders. And we are not much into the entry level segment. Most of our product line we selling high-end product with better margin for the dealer and thus I believe it will be less affected than the others. Then when I look all this, I think overall we are in a good position.
Jose Boisjoli : If I would just add obviously, the unemployment rates are still very healthy. And that’s obviously people have a job. And that that is good for our business and that’s been the biggest indicator of a slowdown. When the unemployment rates go up, but as a ERP, obviously if I were to look versus other cycles that we’ve had, we are a very different business and much more diversified from a product line point of view, from a geography point of view as well. And from a manufacturing effectiveness our cost structure is not the same with the Mexican manufacturing footprint. So I’d say a much more resilient business than we were 10 years ago. And that obviously is a big plus if we were to face a certain economic slowdown.
