Note 19 - Related Party Transactions

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

19 . RELATED PARTY TRANSACTIONS :

T

he Company has entered into a loan and security agreement with CCTTS, a related party. The

fifth

amendment to the loan and security agreement provides for advances up to

$17.0

million to finance commercial vehicle inventory and bears interest at the

three

month LIBOR rate plus

4.0%.

Principal amounts advanced under the loan agreement are due when the related commercial vehicle inventory is sold by CCTTS and the interest is payable monthly. The Company had an

$11.9

million receivable under the loan agreement at

December 31, 2017,

and a

$10.2

million receivable at

December 31, 2016.