XML 51 R11.htm IDEA: XBRL DOCUMENT

Inventories

6 Months Ended

Jun. 30, 2013

2. Inventories

Inventories consisted of the following:

	June 30, 2013		December 31, 2012
New vehicles	$	1,531,040	$	1,429,255
Used vehicles	508,109		484,269
Parts, accessories and other	86,622		86,682

Total inventories	$	2,125,771	$	2,000,206

We receive credits from certain vehicle manufacturers that reduce cost of sales when the vehicles are sold. Such credits amounted to $8,797 and $7,057 during the six months ended June 30, 2013 and 2012, respectively.

- 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.

+ References+ Details