Note 18 - Related Party Transactions

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

18. RELATED PARTY TRANSACTIONS :

The Company has entered into a loan and security agreement with Central California Truck & Trailer Sales, LLC (“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 a

$12.9

million receivable under the loan agreement as of

December 31, 2018,

and an

$11.9

million receivable as of

December 31, 2017.