Note 2 - Accounts Receivable

12 Months Ended

Dec. 31, 2012

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

(2)           Accounts Receivable

Accounts receivable consisted of the following (in thousands):

December 31,	2012			2011
Contracts in transit	$	65,597		$	47,867
Trade receivables		20,932			16,418
Vehicle receivables		21,298			15,930
Manufacturer receivables		25,658			19,453
		133,485			99,668
Less: Allowance		(336	)		(261	)
Total accounts receivables, net	$	133,149		$	99,407

Contracts in transit are receivables from various lenders for the financing of vehicles that we have arranged on behalf of the customer and are typically received within five to ten days of selling a vehicle. Trade receivables are comprised of amounts due from customers, lenders for the commissions earned on financing and third parties for commissions earned on service contracts and insurance products. Vehicle receivables represent receivables for the portion of the vehicle sales price paid directly by the customer.

Manufacturer receivables represent amounts due from manufacturers including holdbacks, rebates, incentives and warranty claims.