DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following (in thousands):



	March 31, 2019		December 31, 2018
Amounts due from manufacturers	$	101,797	$	105,140
Parts and service receivables	54,267		51,922
Finance and insurance receivables	22,441		26,446
Other	9,880		13,673
Total accounts and notes receivable	188,385		197,181
Less: allowance for doubtful accounts	3,074		3,200
Accounts and notes receivable, net	$	185,311	$	193,981

Inventories consisted of the following (in thousands):



	March 31, 2019		December 31, 2018
New vehicles	$	1,303,397	$	1,278,863
Used vehicles	343,033		350,219
Rental vehicles	143,372		142,926
Parts, accessories and other	79,629		80,556
Total inventories	1,869,431		1,852,564
Less: lower of cost or net realizable value allowance	8,524		8,505
Inventories, net	$	1,860,907	$	1,844,059

New, used, and rental vehicles are valued at the lower of specific cost or net realizable value 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 net realizable value.

Property and equipment consisted of the following (in thousands):



	Estimated Useful Lives in Years	March 31, 2019		December 31, 2018
Land	—	$	499,272	$	487,618
Buildings	25 to 50	739,702		727,826
Leasehold improvements	Varies	186,382		189,248
Machinery and equipment	7 to 20	128,347		125,919
Furniture and fixtures	3 to 10	112,909		109,274
Company vehicles	3 to 5	14,871		12,333
Construction in progress	—	48,372		42,959
Total		1,729,855		1,695,177
Less: accumulated depreciation and amortization		359,112		347,342
Property and equipment, net		$	1,370,743	$	1,347,835

During the three months ended March 31, 2019, the Company incurred $23.4 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, excluding $9.2 million of capital expenditures accrued as of December 31, 2018. As of March 31, 2019, the Company had accrued $5.1 million of capital expenditures. Additionally, during the three months ended March 31, 2019, the Company purchased real estate (including land and buildings) associated with existing dealership operations totaling $14.1 million.