Note 15 - Subsequent Events	3 Months Ended
Mar. 31, 2012
Subsequent Events [Text Block]	Note 15. Subsequent Events Common Stock Dividend On April 25, 2012, we announced that our Board of Directors approved a dividend of $0.10 per share on our Class A and Class B Common stock related to our first quarter 2012 financial results. The dividend will total approximately $2.6 million and will be paid on May 25, 2012 to shareholders of record on May 11, 2012. Credit Facility On April 17, 2012, we executed a new five-year $650 million Credit Facility, which is comprised of 10 financial institutions, including four manufacturer affiliated finance companies. This credit facility provides a $500 million new vehicle floor plan commitment, $100 million in used vehicle inventory financing and a $50 million revolving line of credit for general corporate use including working capital and acquisitions. This credit facility may be expanded to $800 million total availability. The interest rate on the credit facility varies based on the type of debt with the rate ranging from the 1-month LIBOR plus 1.50% to the 1-month LIBOR plus 2.50%. Our financial covenants related to this credit facility include maintaining a current ratio of not less than 1.20:1.0, a fixed charge coverage ratio of not less than 1.20:1.0 and a leverage ratio of not more than 5.0:1.0.

Note 15 - Subsequent Events

3 Months Ended

Mar. 31, 2012

Note 15. Subsequent Events

Common Stock Dividend

On April 25, 2012, we announced that our Board of Directors approved a dividend of $0.10 per share on our Class A and Class B Common stock related to our first quarter 2012 financial results. The dividend will total approximately $2.6 million and will be paid on May 25, 2012 to shareholders of record on May 11, 2012.

Credit Facility

On April 17, 2012, we executed a new five-year $650 million Credit Facility, which is comprised of 10 financial institutions, including four manufacturer affiliated finance companies. This credit facility provides a $500 million new vehicle floor plan commitment, $100 million in used vehicle inventory financing and a $50 million revolving line of credit for general corporate use including working capital and acquisitions. This credit facility may be expanded to $800 million total availability. The interest rate on the credit facility varies based on the type of debt with the rate ranging from the 1-month LIBOR plus 1.50% to the 1-month LIBOR plus 2.50%. Our financial covenants related to this credit facility include maintaining a current ratio of not less than 1.20:1.0, a fixed charge coverage ratio of not less than 1.20:1.0 and a leverage ratio of not more than 5.0:1.0.