DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	March 31, 2014		December 31, 2013
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	72,841	$	78,131
Parts and service receivables	33,248		31,950
Finance and insurance receivables	18,328		19,283
Other	9,337		8,099
Total accounts and notes receivable	133,754		137,463
Less allowance for doubtful accounts	2,260		2,405
Accounts and notes receivable, net	$	131,494	$	135,058

Inventories consisted of the following:



	March 31, 2014		December 31, 2013
	(unaudited)
	(In thousands)
New vehicles	$	1,151,182	$	1,165,335
Used vehicles	239,177		231,960
Rental vehicles	89,041		88,523
Parts, accessories and other	65,083		64,156
Total inventories	1,544,483		1,549,974
Less lower of cost or market reserves	7,371		7,656
Inventories, net	$	1,537,112	$	1,542,318

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	March 31, 2014		December 31, 2013
	(unaudited)
		(dollars in thousands)
Land	—	$	283,656	$	269,778
Buildings	30 to 40	415,774		405,918
Leasehold improvements	varies	129,811		120,531
Machinery and equipment	7 to 20	81,700		79,209
Furniture and fixtures	3 to 10	74,350		70,918
Company vehicles	3 to 5	8,630		8,508
Construction in progress	—	20,941		19,224
Total		1,014,862		974,086
Less accumulated depreciation		187,741		177,730
Property and equipment, net		$	827,121	$	796,356

During the three months ended March 31, 2014, the Company incurred $16.2 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 three months ended March 31, 2014 associated with existing dealership operations totaling $3.0 million. And, in conjunction with the Company’s 2014 acquisitions, the Company acquired $19.2 million of real estate and other property and equipment.