DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	March 31, 2015		December 31, 2014
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	79,044	$	86,062
Parts and service receivables	33,061		35,034
Finance and insurance receivables	19,161		20,898
Other	9,781		12,977
Total accounts and notes receivable	141,047		154,971
Less allowance for doubtful accounts	3,674		3,641
Accounts and notes receivable, net	$	137,373	$	151,330

Inventories consisted of the following:



	March 31, 2015		December 31, 2014
	(unaudited)
	(In thousands)
New vehicles	$	1,086,597	$	1,137,478
Used vehicles	287,979		254,939
Rental vehicles	110,878		103,184
Parts, accessories and other	67,937		67,466
Total inventories	1,553,391		1,563,067
Less lower of cost or market reserves	5,955		6,362
Inventories, net	$	1,547,436	$	1,556,705

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 (determined on either a first-in, first-out or an average cost basis) or market.

Property and equipment consisted of the following:



	Estimated Useful Lives in Years	March 31, 2015		December 31, 2014
	(unaudited)
		(dollars in thousands)
Land	—	$	330,494	$	328,474
Buildings	30 to 40	481,340		482,496
Leasehold improvements	varies	133,968		134,658
Machinery and equipment	7 to 20	89,672		87,728
Furniture and fixtures	3 to 10	78,525		77,581
Company vehicles	3 to 5	10,961		10,706
Construction in progress	—	32,384		32,115
Total		1,157,344		1,153,758
Less accumulated depreciation		212,859		203,370
Property and equipment, net		$	944,485	$	950,388

During the three months ended March 31, 2015, the Company incurred $8.4 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 (including land and buildings) during the three months ended March 31, 2015 associated with existing dealership operations totaling $3.6 million.

As of March 31, 2015 and December 31, 2014, the Company determined that certain real estate qualified as held-for-sale. As a result, the Company classified the carrying value of the real estate, totaling $4.0 million, in prepaid and other current assets in its Consolidated Balance Sheet.