Acquisitions

9 Months Ended

Sep. 30, 2011

Acquisitions [Abstract]

Acquisitions

ACQUISITIONS

We acquired one automotive retail franchise and related assets during the nine months ended September 30, 2011, for which we paid in cash $64.2 million. We acquired five automotive retail franchises during the nine months ended September 30, 2010, for which we paid in cash $73.1 million.

The acquisition that occurred during the nine months ended September 30, 2011 was not material to our financial condition or results of operations. Additionally, the pro forma consolidated income statements as if the results of this acquisition had been included in our consolidated results for the entire nine month periods ended September 30, 2011 and 2010, would not have been materially different from our reported consolidated income statements for these periods.