Note 3 - Inventories

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Inventory Disclosure [Text Block]

(3) Inventories

The components of inventories consisted of the following (in thousands):

December 31,	2015		2014
New vehicles	$	1,113,613	$	958,876
Used vehicles		302,911		240,908
Parts and accessories		54,463		49,875
Total inventories	$	1,470,987	$	1,249,659

The new vehicle inventory cost is generally reduced by manufacturer holdbacks and incentives, while the related floor plan notes payable are reflective of the gross cost of the vehicle. As of December 31, 2015 and 2014, the carrying value of inventory had been reduced by $13.6 million and $12.3 million, respectively, for assistance received from manufacturers as discussed in Note 1.