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ACQUISITIONS AND DISPOSITIONS
9 Months Ended
Sep. 30, 2012
ACQUISITIONS AND DISPOSITIONS

2. ACQUISITIONS AND DISPOSITIONS

During the first nine months of 2012, the Company acquired seven dealerships in South Carolina, Texas, Kansas, and Florida, as well as six dealerships in the U.K. Consideration paid for these dealerships totaled $116.5 million. During the three months ended September 30, 2012, the Company terminated a dealership franchise in Texas.

During the first nine months of 2011, the Company acquired five dealerships in Texas. Consideration paid for these dealerships totaled $109.9 million. In addition, the Company sold for $4.1 million a non-operating dealership facility that qualified as held-for-sale as of December 31, 2010, with no gain or loss recognized by the Company during the nine months ended September 30, 2011.