DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	June 30, 2014		December 31, 2013
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	78,839	$	78,131
Parts and service receivables	35,180		31,950
Finance and insurance receivables	17,886		19,283
Other	12,631		8,099
Total accounts and notes receivable	144,536		137,463
Less allowance for doubtful accounts	2,421		2,405
Accounts and notes receivable, net	$	142,115	$	135,058

Inventories consisted of the following:



	June 30, 2014		December 31, 2013
	(unaudited)
	(In thousands)
New vehicles	$	1,103,350	$	1,165,335
Used vehicles	267,144		231,960
Rental vehicles	85,255		88,523
Parts, accessories and other	65,931		64,156
Total inventories	1,521,680		1,549,974
Less lower of cost or market reserves	7,406		7,656
Inventories, net	$	1,514,274	$	1,542,318

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 or market determined on either a first-in, first-out basis or on an average cost basis.

Property and equipment consisted of the following:



	Estimated Useful Lives in Years	June 30, 2014		December 31, 2013
	(unaudited)
		(dollars in thousands)
Land	—	$	290,303	$	269,778
Buildings	30 to 40	416,185		405,918
Leasehold improvements	varies	131,199		120,531
Machinery and equipment	7 to 20	83,288		79,209
Furniture and fixtures	3 to 10	75,601		70,918
Company vehicles	3 to 5	8,701		8,508
Construction in progress	—	22,873		19,224
Total		1,028,150		974,086
Less accumulated depreciation		190,329		177,730
Property and equipment, net		$	837,821	$	796,356

During the six months ended June 30, 2014, the Company incurred $38.9 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. In addition, the Company purchased real estate (including land and buildings) during the six months ended June 30, 2014 associated with existing dealership operations totaling $21.7 million. And, in conjunction with the acquisition of dealerships and franchises in the six months ended June 30, 2014, the Company acquired $29.8 million of real estate and other property and equipment.

As of June 30, 2014, the Company determined that certain dealerships and the associated real estate qualified as held-for-sale. As a result, the Company classified the carrying value of the asset disposal group real estate totaling $32.7 million in prepaid and other current assets in its Consolidated Balance Sheet.