DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	September 30, 2015		December 31, 2014
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	88,153	$	86,062
Parts and service receivables	31,305		35,034
Finance and insurance receivables	20,555		20,898
Other	11,040		12,977
Total accounts and notes receivable	151,053		154,971
Less allowance for doubtful accounts	3,943		3,641
Accounts and notes receivable, net	$	147,110	$	151,330

Inventories consisted of the following:



	September 30, 2015		December 31, 2014
	(unaudited)
	(In thousands)
New vehicles	$	1,142,441	$	1,137,478
Used vehicles	295,281		254,939
Rental vehicles	133,344		103,184
Parts, accessories and other	70,203		67,466
Total inventories	1,641,269		1,563,067
Less lower of cost or market reserves	6,848		6,362
Inventories, net	$	1,634,421	$	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	September 30, 2015		December 31, 2014
	(unaudited)
		(dollars in thousands)
Land	—	$	352,932	$	328,474
Buildings	30 to 40	489,187		482,496
Leasehold improvements	varies	141,288		134,658
Machinery and equipment	7 to 20	90,521		87,728
Furniture and fixtures	3 to 10	81,092		77,581
Company vehicles	3 to 5	11,596		10,706
Construction in progress	—	40,749		32,115
Total		1,207,365		1,153,758
Less accumulated depreciation		228,473		203,370
Property and equipment, net		$	978,892	$	950,388

During the nine months ended September 30, 2015, the Company incurred $44.1 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 nine months ended September 30, 2015 associated with existing dealership operations totaling $16.3 million. And, in conjunction with the acquisition of dealerships and franchises in the nine months ended September 30, 2015, the Company acquired $9.8 million of real estate and other property and equipment.

As of 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 $4.0 million, in prepaid and other current assets in its Consolidated Balance Sheet.