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Note 2 - Accounts Receivable
 12 Months Ended
Dec. 31, 2013
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

(2)           Accounts Receivable


Accounts receivable consisted of the following (in thousands):


December 31,

 

2013

   

2012

 

Contracts in transit

  $ 85,272     $ 65,597  

Trade receivables

    38,600       25,885  

Vehicle receivables

    23,606       21,298  

Manufacturer receivables

    31,662       25,658  
      179,140       138,438  

Less: Allowance

    (173 )     (336 )

Less: Long-term portion of accounts receivable, net

    (8,448 )     (4,953 )

Total accounts receivable, net

  $ 170,519     $ 133,149  

Contracts in transit are receivables from various lenders for the financing of vehicles that we have arranged on behalf of the customer and are typically received within five to ten days of selling a vehicle. Trade receivables are comprised of amounts due from customers, lenders for the commissions earned on financing and third parties for commissions earned on service contracts and insurance products. Vehicle receivables represent receivables for the portion of the vehicle sales price paid directly by the customer. Manufacturer receivables represent amounts due from manufacturers including holdbacks, rebates, incentives and warranty claims.


The long-term portion of accounts receivable was included as a component of other non-current assets in the Consolidated Balance Sheets.