It's been good to see the context and thoughts around Bapcor alongside their reporting.
I wonder about the sustainability of their growth (at least in the domestic market) as I assume that a significant part of their increased earnings has some basis in consumer spend being diverted from overseas holidays to Australian travel. I recognise the prudence in not forcasting an increase in earnings but wonder about the risk of decreased earnings for the domestic market as there's only so much you can do to 'pimp your ride' for the great outback tour you've scheduled in lieu of skiing in St Morritz.
This assumption has been repeated a number of times in other retail domains (Straman you discussed this Vis-a-Vis Nick Scali the other week).
How many new cars, caravans, upgrades and modifications are there to be made before Australia opens up to the world again, and when that time comes how will consumer spend be diverted to that long awaited European ski trip?