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Inventories

12 Months Ended

Dec. 31, 2014

The Company’s inventories consisted of the following:



	December 31,
	2014		2013
	(In thousands)
New vehicles	$	1,137,478	$	1,165,335
Used vehicles	254,939		231,960
Rental vehicles	103,184		88,523
Parts, accessories and other	67,466		64,156
Total inventories	1,563,067		1,549,974
Less lower of cost or market reserves	6,362		7,656
Inventories, net	$	1,556,705	$	1,542,318

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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