Leased Vehicles (Tables)

3 Months Ended

Mar. 31, 2013

LEASED VEHICLES, net [Abstract]

Leased Vehicles, Net [Table Text Block]

Leased vehicles consisted of the following (in thousands):

	March 31, 2013			December 31, 2012
Leased vehicles	$	2,831,168		$	2,282,880
Manufacturer incentives	(386,842		)	(307,256		)
	2,444,326			1,975,624
Less: accumulated depreciation	(340,365		)	(272,753		)
Less: purchase accounting discount				(4		)
	$	2,103,961		$	1,702,867

Leased Vehicles Summary [Table Text Block]

A summary of the changes in our leased vehicles is as follows (in thousands):

	Three Months Ended
	March 31,
	2013			2012
Balance at beginning of period	$	1,975,624		$	886,956
Leased vehicles purchased	620,350			383,799
Leased vehicles returned - end of term	(52,141		)	(13,550		)
Leased vehicles returned - default	(3,987		)	(1,241		)
Manufacturer incentives	(81,319		)	(51,368		)
Foreign currency translation adjustment	(14,201		)	5,838
Balance at end of period	$	2,444,326		$	1,210,434