DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	September 30, 2016		December 31, 2015
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	92,700	$	93,206
Parts and service receivables	35,548		32,479
Finance and insurance receivables	21,318		22,374
Other	9,464		12,913
Total accounts and notes receivable	159,030		160,972
Less allowance for doubtful accounts	2,736		3,204
Accounts and notes receivable, net	$	156,294	$	157,768

Inventories consisted of the following:



	September 30, 2016		December 31, 2015
	(unaudited)
	(In thousands)
New vehicles	$	1,166,128	$	1,262,797
Used vehicles	315,277		275,508
Rental vehicles	137,600		134,509
Parts, accessories and other	75,986		72,917
Total inventories	1,694,991		1,745,731
Less lower of cost or market reserves	7,612		7,980
Inventories, net	$	1,687,379	$	1,737,751

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

Property and equipment consisted of the following:



	Estimated Useful Lives in Years	September 30, 2016		December 31, 2015
	(unaudited)
		(dollars in thousands)
Land	—	$	395,358	$	364,475
Buildings	25 to 50	545,669		505,414
Leasehold improvements	varies	169,742		155,585
Machinery and equipment	7 to 20	98,341		90,993
Furniture and fixtures	3 to 10	87,603		82,688
Company vehicles	3 to 5	11,714		11,603
Construction in progress	—	69,511		58,361
Total		1,377,938		1,269,119
Less accumulated depreciation		259,153		235,138
Property and equipment, net		$	1,118,785	$	1,033,981

During the nine months ended September 30, 2016, the Company incurred $78.9 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, excluding $32.7 million of capital expenditures accrued as of December 31, 2015. As of September 30, 2016, the Company had accrued $19.9 million of capital expenditures. In addition, the Company purchased real estate (including land and buildings) during the nine months ended September 30, 2016 associated with existing dealership operations totaling $34.0 million. And, in conjunction with the acquisition of dealerships and franchises in the nine months ended September 30, 2016, the Company acquired $28.8 million of real estate and other property and equipment. The Company recognized $2.0 million in asset impairments related to property and equipment for the nine months ended September 30, 2016.

As of December 31, 2015, the Company determined that certain real estate investments qualified for held-for-sale treatment. As a result, the Company classified the carrying value, after adjustment to estimated fair market value, of the real estate, totaling $1.4 million, in prepaid and other current assets in its Consolidated Balance Sheets.