DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	June 30, 2013			December 31, 2012
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	66,518		$	64,039
Parts and service receivables	32,649			17,879
Finance and insurance receivables	15,863			16,060
Other	19,887			14,895
Total accounts and notes receivable	134,917			112,873
Less allowance for doubtful accounts	(2,404		)	(1,645		)
Accounts and notes receivable, net	$	132,513		$	111,228

Inventories consisted of the following:



	June 30, 2013			December 31, 2012
	(unaudited)
	(In thousands)
New vehicles	$	1,001,360		$	895,484
Used vehicles	225,897			184,775
Rental vehicles	77,511			68,014
Parts, accessories and other	59,131			50,370
Total inventories	1,363,899			1,198,643
Less lower of cost or market reserves	(5,605		)	(4,355		)
Inventories, net	$	1,358,294		$	1,194,288

New and used vehicles are valued at the lower of specific cost or market and are removed from inventory using the specific identification method. Parts and accessories are valued at lower of cost or market determined on either a first-in, first-out basis or on an average cost basis.

Property and equipment consisted of the following:



	Estimated Useful Lives in Years	June 30, 2013			December 31, 2012
	(unaudited)
		(Dollars in thousands)
Land	—	$	238,087		$	232,944
Buildings	30 to 40	352,682			331,526
Leasehold improvements	varies	111,397			97,651
Machinery and equipment	7 to 20	73,371			69,630
Furniture and fixtures	3 to 10	67,449			61,627
Company vehicles	3 to 5	8,478			9,239
Construction in progress	—	20,592			28,188
Total		872,056			830,805
Less accumulated depreciation		(165,763		)	(163,037		)
Property and equipment, net		$	706,293		$	667,768

During the six months ended June 30, 2013, the Company incurred $32.4 million of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the Company’s dealerships and facilities. In addition, the Company purchased real estate during the six months ended June 30, 2013 associated with existing dealership operations totaling $10.7 million. And, in conjunction with the Company’s acquisition of 23 separate dealerships and five collision centers during the six months ended June 30, 2013, the Company acquired $31.7 million of real estate and other property and equipment.