Note 12 - Discontinued Operations

3 Months Ended

Mar. 31, 2012

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 12. Discontinued Operations

In 2011, we sold three stores:  a Chrysler Jeep Dodge FIAT store in Concord, California; a Volkswagen store in Thornton, Colorado and a GMC Buick and Kia store in Cedar Rapids, Iowa. The associated results of operations for these locations are classified as discontinued operations. As of March 31, 2012 and December 31, 2011, we had no stores and no properties classified as held for sale.

	Three Months Ended March 31,
	2012		2011
Revenue	$	-	$	20,140
Pre-tax gain from discontinued operations	$	-	$	517
Gain (loss) on disposal activities		-		-
		-		517
Income tax expense		-		(200	)
Income from discontinued operations, net of income tax expense	$	-	$	317