Note 20 - Related Party Transactions

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

20.

    

RELATED PARTY TRANSACTIONS

:

During the year ended

December

31,

2014,

the Company entered into a loan agreement with CCTTS, a related party, that provides for advances up to

$16.0

million to finance commercial vehicle inventory. Borrowings under this loan agreement bear interest at the

three

month LIBOR rate plus

4.0%

and the interest is payable monthly. Amounts advanced under the loan agreement are due when the related commercial vehicle inventory is sold by the related party. The Company had a

$10.2

million receivable under the loan agreement at

December

31,

2016

and

$10.6

million at

December

31,

2015.