First they rebrand all their dealership names (you know, because Group 1 is such a strong brand) and now cut approximately 700 full-time US employees in April and trimmed contract and vendor expenses targeting roughly $50 million in annualized savings starting in Q2. This is a publicly traded group with the data and the resources to see around corners. When a company of that scale makes a cut that large that quickly it is not a precaution. It is a response to something they are already seeing in their numbers. For anyone running a smaller operation and telling themselves the back half of the year will normalize, Group 1's move is worth taking seriously as a leading indicator. The parts and service side is apparently offsetting some of the headwinds which tracks with what most of us are seeing at the store level. Front end gross is under pressure, F&I is working harder for less, and the stores that are protecting margin are the ones that already right-sized their cost structure rather than waiting to see if May turns around.