DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	June 30, 2015		December 31, 2014
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	80,188	$	86,062
Parts and service receivables	35,166		35,034
Finance and insurance receivables	21,113		20,898
Other	11,180		12,977
Total accounts and notes receivable	147,647		154,971
Less allowance for doubtful accounts	3,382		3,641
Accounts and notes receivable, net	$	144,265	$	151,330

Inventories consisted of the following:



	June 30, 2015		December 31, 2014
	(unaudited)
	(In thousands)
New vehicles	$	1,175,623	$	1,137,478
Used vehicles	297,309		254,939
Rental vehicles	120,145		103,184
Parts, accessories and other	70,923		67,466
Total inventories	1,664,000		1,563,067
Less lower of cost or market reserves	6,895		6,362
Inventories, net	$	1,657,105	$	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	June 30, 2015		December 31, 2014
	(unaudited)
		(dollars in thousands)
Land	—	$	342,806	$	328,474
Buildings	30 to 40	485,934		482,496
Leasehold improvements	varies	144,114		134,658
Machinery and equipment	7 to 20	91,120		87,728
Furniture and fixtures	3 to 10	81,081		77,581
Company vehicles	3 to 5	11,233		10,706
Construction in progress	—	32,327		32,115
Total		1,188,615		1,153,758
Less accumulated depreciation		223,252		203,370
Property and equipment, net		$	965,363	$	950,388

During the six months ended June 30, 2015, the Company incurred $27.1 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, excluding capital expenditures accrued as of December 31, 2014. In addition, the Company purchased real estate (including land and buildings) during the six months ended June 30, 2015 associated with existing dealership operations totaling $5.9 million. And, in conjunction with the acquisition of dealerships and franchises in the six months ended June 30, 2015, the Company acquired $8.6 million of real estate and other property and equipment.

As of June 30, 2015 and December 31, 2014, the Company determined that certain real estate investments qualified for held-for-sale treatment. As a result, the Company classified the carrying value of the real estate, totaling $6.2 million and $4.0 million, respectively, in prepaid and other current assets in its Consolidated Balance Sheet.