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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2013	Jul. 29, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	GROUP 1 AUTOMOTIVE INC
Entity Central Index Key	0001031203
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		24,406,659

Consolidated Balance Sheets - USD ($)
$ in Thousands

Jun. 30, 2013

Dec. 31, 2012

CURRENT ASSETS:

Cash and cash equivalents

$ 10,852

$ 4,650

Contracts-in-transit and vehicle receivables, net

185,626

204,396

Accounts and notes receivable, net

132,513

111,228

Inventories, net

1,358,294

1,194,288

Deferred income taxes

22,072

19,750

Prepaid expenses and other current assets

21,443

31,869

Total current assets

1,730,800

1,566,181

PROPERTY AND EQUIPMENT, net

706,293

667,768

GOODWILL

680,857

582,384

^[1]

INTANGIBLE FRANCHISE RIGHTS

274,973

196,058

OTHER ASSETS

16,395

10,624

Total assets

3,409,318

3,023,015

CURRENT LIABILITIES:

Floorplan notes payable - credit facility and other

1,016,896

968,959

Offset account related to floorplan notes payable - credit facility

(81,996)

(112,261)

Floorplan notes payable - manufacturer affiliates

301,670

211,965

Current maturities of long-term debt and short-term financing

24,338

31,358

Accounts payable

237,573

167,439

Accrued expenses

144,361

128,118

Total current liabilities

1,642,842

1,395,578

LONG-TERM DEBT, net of current maturities

541,709

555,016

DEFERRED INCOME TAXES

130,517

94,130

LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES

28,116

43,089

OTHER LIABILITIES

44,810

42,413

COMMITMENTS AND CONTINGENCIES (NOTE 11)

TEMPORARY EQUITY - Redeemable equity portion of the 3.00% Convertible Senior Notes

30,835

32,505

STOCKHOLDERS’ EQUITY:

Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding

Common stock, $0.01 par value, 50,000 shares authorized; 25,934 and 25,836 issued, respectively

259

258

Additional paid-in capital

367,569

332,836

Retained earnings

729,869

677,864

Accumulated other comprehensive loss

(48,682)

(33,057)

Treasury stock, at cost; 1,523 and 3,110 shares, respectively

(58,526)

(117,617)

Total stockholders’ equity

990,489

860,284

Total liabilities and stockholders’ equity

$ 3,409,318

$ 3,023,015

[1]	Net of accumulated impairment of $40.3 million

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2013	Dec. 31, 2012
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	(50,000,000)	(50,000,000)
Common Stock, shares issued	(25,934,444)	(25,835,878)
Treasury securities, shares	(1,523,485)	(3,110,181)

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
REVENUES:
New vehicle retail sales	$ 1,376,219	$ 1,080,710	$ 2,486,454	$ 1,993,305
Used vehicle retail sales	534,804	456,234	1,006,203	871,208
Used vehicle wholesale sales	83,316	73,134	157,867	139,991
Parts and service sales	260,950	220,313	498,460	433,414
Finance, insurance and other, net	79,821	65,435	149,958	122,653
Total revenues	2,335,110	1,895,826	4,298,942	3,560,571
COST OF SALES:
New vehicle retail sales	1,295,854	1,016,868	2,343,453	1,876,643
Used vehicle retail sales	491,299	417,388	922,422	795,965
Used vehicle wholesale sales	82,804	72,811	154,933	136,964
Parts and service sales	123,879	103,415	236,371	205,231
Total cost of sales	1,993,836	1,610,482	3,657,179	3,014,803
GROSS PROFIT	341,274	285,344	641,763	545,768
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	(251,159)	(214,327)	(484,592)	(413,439)
DEPRECIATION AND AMORTIZATION EXPENSE	(8,884)	(7,742)	(17,297)	(14,978)
ASSET IMPAIRMENTS	(609)	(187)	(609)	(288)
INCOME FROM OPERATIONS	80,622	63,088	139,265	117,063
OTHER EXPENSE:
Floorplan interest expense	(10,873)	(7,863)	(20,237)	(15,482)
Other interest expense, net	(9,570)	(9,190)	(18,812)	(18,230)
Other expense, net	0	0	(789)	0
INCOME BEFORE INCOME TAXES	60,179	46,035	99,427	83,351
PROVISION FOR INCOME TAXES	(22,791)	(17,410)	(39,921)	(31,609)
NET INCOME	$ 37,388	$ 28,625	$ 59,506	$ 51,742
BASIC EARNINGS PER SHARE	$ 1.53	$ 1.25	$ 2.49	$ 2.26
Weighted average common shares outstanding	23,315	21,650	22,796	21,640
DILUTED EARNINGS PER SHARE	$ 1.43	$ 1.20	$ 2.32	$ 2.18
Weighted average common shares outstanding	24,980	22,513	24,544	22,522
CASH DIVIDENDS PER COMMON SHARE	$ 0.16	$ 0.15	$ 0.31	$ 0.29

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
NET INCOME	$ 37,388	$ 28,625	$ 59,506	$ 51,742
Other comprehensive loss, net of taxes:
Foreign currency translation adjustment	(19,268)	(1,400)	(26,724)	(6)
Unrealized gain on marketable securities, net of tax provision of $0, $3, $0 and $5, respectively	0	5	0	8
Net unrealized gain (loss) on interest rate swaps:
Unrealized gain (loss) arising during the period, net of tax benefit (provision) of ($4,622), $4,273, ($4,614) and $4,566, respectively	7,704	(7,122)	7,690	(7,610)
Reclassification adjustment for loss included in interest expense, net of tax provision of $1,020, $1,076, $2,045 and $2,210, respectively	1,701	1,793	3,409	3,684
Net unrealized gain (loss) on interest rate swaps, net of tax	9,405	(5,329)	11,099	(3,926)
OTHER COMPREHENSIVE LOSS, NET OF TAXES	(9,863)	(6,724)	(15,625)	(3,924)
COMPREHENSIVE INCOME	27,525	21,901	43,881	47,818
Total [Member]
NET INCOME	$ 37,388	$ 28,625	$ 59,506	$ 51,742

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Tax provision on unrealized gain on marketable securities	$ 0	$ (3)	$ 0	$ (5)
Tax benefit (provision) of unrealized loss on interest rate swap	(4,622)	4,273	(4,614)	4,566
Tax provision of reclassification adjustment	$ 1,020	$ 1,076	$ 2,045	$ 2,210

- Definition

Tax effect of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income.

+ References + Details

Consolidated Statement of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	$ 8
Net income	51,742
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	0
Beginning balance at Dec. 31, 2012	860,284	$ 258	$ 332,836	$ 677,864	$ (33,057)	$ (117,617)
Beginning balance, shares at Dec. 31, 2012		25,836
Net income	59,506
Other comprehensive income (loss), net	(15,625)				(15,625)
Stock Issued During Period, Value, Treasury Stock Reissued	83,558		28,827			54,731
Equity component of 3.00% Convertible Note issuance, net of deferred tax liability	1,669		1,669
Issuance of common and treasury shares to employee benefit plans, shares		98
Issuance of common and treasury shares to employee benefit plans	534	$ 1	(3,827)			4,360
Tax effect from options exercised and the vesting of restricted shares	1,129		1,129
Stock-based compensation	6,935		6,935
Cash dividends	(7,501)			(7,501)
Ending balance at Jun. 30, 2013	$ 990,489	$ 259	$ 367,569	$ 729,869	$ (48,682)	$ (58,526)
Ending balance, shares at Jun. 30, 2013		25,934

Consolidated Statement of Stockholders' Equity (Parenthetical)	3 Months Ended
	Jun. 30, 2013
Statement of Stockholders' Equity [Abstract]
Convertible senior notes stated rate	3.00%

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 59,506	$ 51,742
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	17,297	14,978
Deferred income taxes	9,288	6,075
Asset Impairments	609	288
Stock-based compensation	6,960	5,915
Amortization of debt discount and issue costs	6,827	6,388
(Gain) loss on disposition of assets	(9,670)	(1,588)
Tax effect from excess stock-based compensation	(1,129)	(707)
Other	1,020	764
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Accounts payable and accrued expenses	46,280	17,623
Accounts and notes receivable	(3,115)	(14,720)
Inventories	(111,889)	(160,082)
Contracts-in-transit and vehicle receivables	19,211	23,871
Prepaid expenses and other assets	2,117	6,215
Increase/DecreaseFloorPlanNotes	43,871	(3,077)
Deferred revenues	125	594
Net cash provided by (used in) operating activities	87,308	(45,721)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid in acquisitions, net of cash received	(89,775)	(114,958)
Proceeds from disposition of franchises, property and equipment	77,921	213
Purchases of property and equipment, including real estate	(47,300)	(38,434)
Other	574	396
Net cash provided by (used in) investing activities	(58,580)	(152,783)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facility - Floorplan Line	3,120,902	2,797,532
Repayments on credit facility - Floorplan Line	(3,042,696)	(2,622,793)
Borrowings on mortgage facility	0	18,080
Principal payments on mortgage facility	(7,241)	(1,065)
Borrowings of other long-term debt	777	36
Principal payments of long-term debt related to real estate loans	(12,986)	(4,703)
Borrowings of long term debt related to real estate loans	6,008	21,708
Principal payments of other long-term debt	(80,797)	(2,815)
Repurchases of common stock, amounts based on settlement date	0	(8,496)
Stock Issued During Period, Shares, Employee Stock Purchase Plans	532	2,051
Tax effect from excess stock-based compensation	1,129	707
Dividends paid	(7,525)	(6,609)
Net cash provided by (used in) financing activities	(21,897)	193,633
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(629)	(480)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,202	(5,351)
CASH AND CASH EQUIVALENTS, beginning of period	4,650	14,895
CASH AND CASH EQUIVALENTS, end of period	10,852	9,544
SUPPLEMENTAL CASH FLOW INFORMATION:
Purchases of property and equipment, including real estate, accrued in accounts payable and accrued expenses	$ 1,856	$ 3,844

Interim Financial Information

6 Months Ended

Jun. 30, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Interim Financial Information

INTERIM FINANCIAL INFORMATION

Business and Organization

Group 1 Automotive, Inc., a Delaware corporation, through its regions, is a leading operator in the automotive retailing industry with operations in 15 states in the United States of America (“U.S.”), 13 towns in the United Kingdom (“U.K.”) and two states in Brazil. Group 1 Automotive, Inc. and its subsidiaries are collectively referred to as the “Company” in these Notes to Consolidated Financial Statements. The Company, through its regions, sells new and used cars and light trucks; arranges related vehicle financing, service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.

As of June 30, 2013, the Company’s U.S. retail network consisted of the following two regions (with the number of dealerships they comprised): (a) the East (44 dealerships in Alabama, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York and South Carolina), and (b) the West (65 dealerships in California, Kansas, Louisiana, Oklahoma, and Texas). Each region is managed by a regional vice president who reports directly to the Company’s Chief Executive Officer and is responsible for the overall performance of their regions. The financial matters of each region are managed by a regional chief financial officer who reports directly to the Company’s Chief Financial Officer. The Company’s two international regions consist of 14 dealerships in the U.K. and 18 dealerships in Brazil, which are also managed locally with direct reporting responsibilities to the Company’s corporate management team.

The Company's operating results are generally subject to changes in the economic environment as well as seasonal variations. Generally there are higher volumes of vehicles sales and service in the second and third calendar quarters of each year in the U.S., in the first and third quarters in the U.K. and during the third and fourth quarters in Brazil. This seasonality is generally attributable to consumer buying trends and the timing of manufacturer new vehicle model introductions. In addition, in some regions of the U.S., vehicle purchases decline during the winter months due to inclement weather. As a result, revenues and operating income are typically lower in the first and fourth quarters and higher in the second and third quarters. Other factors unrelated to seasonality, such as changes in economic condition, manufacturer incentive programs, or shifts in governmental taxes or regulations may exaggerate seasonal or cause counter-seasonal fluctuations in our revenues and operating income.

Basis of Presentation

The accompanying unaudited condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the U.S. for complete financial statements. In the opinion of management, all adjustments of a normal and recurring nature considered necessary for a fair presentation have been included in the accompanying unaudited condensed Consolidated Financial Statements. Due to seasonality and other factors, the results of operations for the interim period are not necessarily indicative of the results that will be realized for the entire fiscal year. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (“2012 Form 10-K”).

All business acquisitions completed during the periods presented have been accounted for using the purchase method of accounting, and their results of operations are included from the effective dates of the closings of the acquisitions. The allocations of purchase price to the assets acquired and liabilities assumed are assigned and recorded based on estimates of fair value. All intercompany balances and transactions have been eliminated in consolidation.

Business Segment Information

The Company, through its regions, conducts business in the automotive retailing industry. All of the segments sell new and used cars and light trucks, arrange related vehicle financing, service and insurance contracts, provide automotive maintenance and repair services and sell vehicle parts. Effective with the acquisition of UAB Motors Participações S.A. (“UAB Motors”) on February 28, 2013, the Company is aligned into four geographic regions: the East and West Regions in the U.S., the U.K. Region, and the Brazil Region. Also, in conjunction with the acquisition of UAB Motors and consistent with how the Company's chief operating decision maker is evaluating performance and allocating resources, the Company reaffirmed that each region represents an operating segment. As part of this determination, the Company, as it has historically, concluded that the East and West Regions of the U.S. are economically similar in that they deliver the same products and services to a common customer group, their customers are generally individuals, they follow the same procedures and methods in managing their operations, and they operate in similar regulatory environments and, therefore, the Company aggregates these two regions into one reportable segment. As such, the Company's three reportable segments are the U.S., which includes the activities of the Company's corporate office, the U.K. and Brazil.

Variable Interest Entity

In 2013, the Company entered into arrangements to provide a fixed-interest-rate working capital loan and various administrative services to a related-party entity that owns and operates retail automotive dealerships for a variable fee, both of which constitute variable interests in the entity. The Company's exposure to loss as a result of its involvement in the entity includes the balance outstanding under the loan arrangement. The Company holds no equity ownership interest in the entity, and has determined that the entity meets the criteria of a variable interest entity ("VIE"). The terms of the loan and services agreements provide the Company with the rights to control the activities of the VIE that most significantly impact the VIE's economic performance, the obligation to absorb potentially significant losses of the VIE and the right to receive potentially significant benefits from the VIE. Accordingly, the Company qualified as the VIE's primary beneficiary and consolidated 100% of the assets and liabilities of the VIE as of June 30, 2013, as well as 100% of the results of operations of the VIE beginning on the effective date of the variable interests arrangements to June 30, 2013. The floorplan notes payable liability of the VIE is securitized by the new and used vehicle inventory of the VIE, as well as the associated receivable balances from the sale of such inventory to the extent necessary. The preliminary carrying amounts and classification of assets and liabilities (for which creditors do not have recourse to the general credit of the Company) are included within amounts from the Company's purchase price allocations. As discussed in Note 2, "Acquisitions and Dispositions," the allocations are based on estimates and assumptions that are subject to change within the purchase price allocation period. The assets and liabilities included in the Company's consolidated statements of financial position for the consolidated VIE are as follows (in thousands):



	June 30, 2013
Current Assets	$	25,280
Non-current Assets	75,817
Total Assets	$	101,097
Current Liabilities	$	21,701
Non-current Liabilities	26,928
Total Liabilities	$	48,629

Recent Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2013-2, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income ("ASU 2013-02"), which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about those amounts. The Company's adoption of ASU No. 2013-2 as of March 31, 2013 did not have a material impact on the Company's consolidated financial statements.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Acquisitions and Dispositions

6 Months Ended

Jun. 30, 2013

Acquisitions and Dispositions [Abstract]

Acquisitions and Dispositions

ACQUISITIONS AND DISPOSITIONS

During the first six months ended June 30, 2013, the Company purchased all of the outstanding stock of UAB Motors. At the time of acquisition, UAB Motors consisted of 18 dealerships and 22 franchises in Brazil, as well as five collision centers. As discussed in Note 1, "Interim Financial Information," in connection with this acquisition, the Company entered into arrangements that are variable interests in a VIE. The Company qualifies as the primary beneficiary of the VIE. The consolidation of the VIE into the financial statements of the Company was accounted for as a business combination. Also during the six months ended June 30, 2013, the Company acquired certain assets of four dealerships in the U.K. and one dealership in the U.S. In conjunction with the acquisitions, the Company incurred $6.5 million of costs, primarily related to professional services associated with the Brazil transaction. The Company included these costs in SG&A in the Consolidated Statement of Operations for the six months ended June 30, 2013.

Aggregate consideration paid for these acquisitions totaled $173.3 million, including $89.8 million of cash and 1.45 million shares of the Company's common stock. The Company also assumed debt in conjunction with the acquisitions, of which $65.1 million was contemporaneously extinguished. In conjunction with the extinguishment, the Company recognized a loss of $0.8 million that is included in Other Expense, net on the Consolidated Statement of Operations for the six months ended June 30, 2013. The purchase price has been allocated as set forth below based upon the consideration paid and the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The allocation of the purchase price is preliminary and based on estimates and assumptions that are subject to change within the purchase price allocation period (generally one year from the acquisition date). Goodwill was assigned to the U.S., U.K. and Brazil reportable segments in the amounts of $8.8 million, $1.5 million and $106.4 million, respectively.



	As of Acquisition Date
	(In thousands)
Current Assets	$	32,385
Inventory	97,723
Property and Equipment	31,730
Goodwill & Intangible Franchise Rights	211,391
Other assets	1,870
Total Assets	$	375,099
Current Liabilities	$	109,937
Deferred Income Taxes	23,189
Long-term Debt	68,639
Total Liabilities	$	201,765

The intangible franchise rights are expected to continue for an indefinite period, therefore these rights are not amortized. These intangible assets will be evaluated on an annual basis in accordance with ASC 350. Goodwill represents the excess of consideration paid compared to net assets received in the acquisition. The goodwill relative to the Brazil reportable segment is not currently deductible for tax purposes.

Our supplemental pro forma revenue and net income had the acquisition date for each of the Company's 2013 acquisitions been January 1, 2012, are as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
Supplemental Pro forma:	2013		2012		2013		2012
	(In thousands)
Revenue	$	2,348,987	$	2,136,511	$	4,460,040	$	4,068,884
Net income	$	37,934	$	32,743	$	68,047	$	59,332

The supplemental pro forma revenue and net income are presented for informational purposes only and may not necessarily reflect the future results of operations of the Company or what the results of operations would have been had the Company owned and operated these businesses as of January 1, 2012.

During the six months ended June 30, 2013, the Company sold three dealerships in California, one dealership in Georgia and one franchise in Texas. As a result of the dispositions, a net gain of $8.4 million and $9.0 million was recognized for the three and six months ended June 30, 2013, respectively.

During the six months ended June 30, 2012, the Company acquired six dealerships in the U.S. and six dealerships in the U.K. Consideration paid for these dealerships totaled $115.0 million.

Derivative Instruments and Risk Management Activities

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT ACTIVITIES

The periodic interest rates of the Revolving Credit Facility (as defined in Note 8, “Credit Facilities”), the Mortgage Facility (as defined in Note 9, “Long-Term Debt”) and certain variable-rate real estate related borrowings are indexed to the one-month London Inter Bank Offered Rate (“LIBOR”) plus an associated company credit risk rate. In order to minimize the earnings variability related to fluctuations in these rates, the Company employs an interest rate hedging strategy, whereby it enters into arrangements with various financial institutional counterparties with investment grade credit ratings, swapping its variable interest rate exposure for a fixed interest rate over terms not to exceed the related variable-rate debt.

The Company presents the fair value of all derivatives on its Consolidated Balance Sheets. The Company measures the fair value of its interest rate derivative instruments utilizing an income approach valuation technique, converting future amounts of cash flows to a single present value in order to obtain a transfer exit price within the bid and ask spread that is most representative of the fair value of its derivative instruments. In measuring fair value, the Company utilizes the option-pricing Black-Scholes present value technique for all of its derivative instruments. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service provider, matched to the identical maturity term of the instrument being measured. Observable inputs utilized in the income approach valuation technique incorporate identical contractual notional amounts, fixed coupon rates, periodic terms for interest payments and contract maturity. The fair value estimate of the interest rate derivative instruments also considers the credit risk of the Company for instruments in a liability position or the counterparty for instruments in an asset position. The credit risk is calculated by using the spread between the one-month LIBOR yield curve and the relevant average 10 and 20-year rate according to Standard and Poor’s. The Company has determined the valuation measurement inputs of these derivative instruments to maximize the use of observable inputs that market participants would use in pricing similar or identical instruments and market data obtained from independent sources, which is readily observable or can be corroborated by observable market data for substantially the full term of the derivative instrument. Further, the valuation measurement inputs minimize the use of unobservable inputs. Accordingly, the Company has classified the derivatives within Level 2 of the hierarchy framework as described by the Fair Value Measurements and Disclosures Topic of the FASB Accounting Standards Codification.

The related gains or losses on these interest rate derivatives are deferred in stockholders’ equity as a component of accumulated other comprehensive loss. These deferred gains and losses are recognized in income in the period in which the related items being hedged are recognized in expense. However, to the extent that the change in value of a derivative contract does not perfectly offset the change in the value of the items being hedged, that ineffective portion is immediately recognized in other income or expense. Monthly contractual settlements of these swap positions are recognized as floorplan or other interest expense in the Company’s accompanying Consolidated Statements of Operations. All of the Company’s interest rate hedges are designated as cash flow hedges.

The Company held interest rate swaps in effect as of June 30, 2013 of $450.0 million in notional value that fixed its underlying one-month LIBOR at a weighted average rate of 2.6%. The Company records the majority of the impact of the periodic settlements of these swaps as a component of floorplan interest expense. For the three and six months ended June 30, 2013, the impact of the Company’s interest rate hedges in effect increased floorplan interest expense by $2.4 million and $4.8 million, respectively; for the three and six months ended June 30, 2012, the impact of the Company's interest rate hedges in effect increased floorplan interest expense by $2.6 million and $5.3 million, respectively. Total floorplan interest expense was $10.9 million and $7.9 million for the three months ended June 30, 2013 and 2012, respectively, and $20.2 million and $15.5 million for the six months ended June 30, 2013 and 2012, respectively.

In addition to the $450.0 million of swaps in effect as of June 30, 2013, the Company held ten additional interest rate swaps with forward start dates between December 2014 and December 2016 and expiration dates between December 2017 and December 2019. As of June 30, 2013, the aggregate notional value of these ten forward-starting swaps was $525.0 million, and the weighted average interest rate was 2.7%. The combination of the interest rate swaps currently in effect and these forward-starting swaps is structured such that the notional value in effect at any given time through December 2019 does not exceed $600.0 million, which is less than the Company's expectation for variable rate debt outstanding during such period.

As of June 30, 2013 and December 31, 2012, the Company reflected liabilities from interest rate risk management activities of $28.1 million and $43.1 million, respectively, in its Consolidated Balance Sheets. In addition, as of June 30, 2013, the Company reflected $2.8 million of assets from interest rate risk management activities included in Other Assets in its Consolidated Balance Sheets. Included in Accumulated Other Comprehensive Loss at June 30, 2013 and 2012 were accumulated unrealized losses, net of income taxes, totaling $15.8 million and $25.2 million, respectively, related to these interest rate swaps.

At June 30, 2013, all of the Company’s derivative contracts that were in effect were determined to be effective. The Company had no gains or losses related to ineffectiveness or amounts excluded from effectiveness testing recognized in the Consolidated Statements of Operations for either the three months ended June 30, 2013 or 2012, respectively. The following table presents the impact during the current and comparative prior year period for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets.



	Amount of Unrealized Gain (Loss), Net of Tax, Recognized in Other Comprehensive Loss
	Six Months Ended June 30,
Derivatives in Cash Flow Hedging Relationship	2013				2012
		(In thousands)
Interest rate swap contracts		$	7,690			$	(7,610	)

	Amount of Loss Reclassified from Other Comprehensive Loss into Statements of Operations
Location of Loss Reclassified from Other Comprehensive Loss into Statements of Operations	Six Months Ended June 30,
	2013				2012
		(In thousands)
Floorplan interest expense		$	(4,848	)		$	(5,344	)
Other interest expense		(606		)		(550		)

The amount expected to be reclassified out of other comprehensive loss into earnings (through floorplan interest expense or other interest expense) in the next twelve months is $10.5 million.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

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-Publisher FASB
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-Name Accounting Standards Codification
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Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Stock-Based Compensation Plans

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION PLANS

The Company provides stock-based compensation benefits to employees and non-employee directors pursuant to its 2007 Long Term Incentive Plan, as amended ("the Incentive Plan"), as well as to employees pursuant to its Employee Stock Purchase Plan (the "Purchase Plan"), as amended.

2007 Long Term Incentive Plan

The Incentive Plan provides for the issuance up to 7.5 million shares for grants to non-employee directors, officers and other employees of the Company and its subsidiaries of: (a) options (including options qualified as incentive stock options under the Internal Revenue Code of 1986 and options that are non-qualified), the exercise price of which may not be less than the fair market value of the common stock on the date of the grant; and (b) stock appreciation rights, restricted stock, performance awards, and bonus stock, each granted at the market price of the Company’s common stock at the date of grant. The Incentive Plan expires on March 8, 2017. The terms of the awards (including vesting schedules) are established by the Compensation Committee of the Company’s Board of Directors. As of June 30, 2013, there were 817,174 shares available for issuance under the Incentive Plan.

In 2005, the Company began granting to non-employee directors and certain employees, at no cost to the recipient, restricted stock awards or, at their election, restricted stock units pursuant to the Incentive Plan. Restricted stock awards qualify as participating securities as each contain non-forfeitable rights to dividends. As such, the two-class method is required for the computation of earnings per share. See Note 5, “Earnings Per Share,” for further details. Restricted stock awards are considered outstanding at the date of grant but are subject to vesting periods ranging from six months to five years. Vested restricted stock units, which are not considered outstanding at the grant date, will settle in shares of common stock upon the termination of the grantees’ employment or directorship. In the event an employee or non-employee director terminates his or her employment or directorship with the Company prior to the lapse of the restrictions, the shares, in most cases, will be forfeited to the Company. Compensation expense for these awards is calculated based on the market price of the Company’s common stock at the date of grant and recognized over the requisite service period. Forfeitures are estimated at the time of valuation and reduce expense ratably over the vesting period. This estimate is adjusted annually based on the extent to which actual or expected forfeitures differ from the previous estimate.

A summary of these awards as of June 30, 2013, along with the changes during the six months then ended follows:



	Awards		Weighted Average Grant Date Fair Value
Nonvested at December 31, 2012	1,023,350		$	38.19
Granted	261,786		59.17
Vested	(120,300	)	35.84
Forfeited	(42,920	)	42.50
Nonvested at June 30, 2013	1,121,916		$	43.19

Employee Stock Purchase Plan

In 1997, the Company adopted the Purchase Plan. The Purchase Plan authorizes the issuance of up to 3.5 million shares of common stock and provides that no options to purchase shares may be granted under the Purchase Plan after March 6, 2016. The Purchase Plan is available to all employees of the Company and its participating subsidiaries and is a qualified plan as defined by Section 423 of the Internal Revenue Code. At the end of each fiscal quarter (the “Option Period”) during the term of the Purchase Plan, employees can acquire shares of common stock from the Company at 85% of the fair market value of the common stock on the first or the last day of the Option Period, whichever is lower. As of June 30, 2013, there were 665,734 shares available for issuance under the Purchase Plan. During the six months ended June 30, 2013 and 2012, the Company issued 58,525 and 56,149 shares, respectively, of common stock to employees participating in the Purchase Plan.

The weighted average fair value of employee stock purchase rights issued pursuant to the Purchase Plan was $13.40 and $11.68 during the six months ended June 30, 2013 and 2012, respectively. The fair value of stock purchase rights is calculated using the grant date stock price, the value of the embedded call option and the value of the embedded put option.

Stock-Based Compensation

Total stock-based compensation cost was $3.6 million and $3.0 million for the three months ended June 30, 2013 and 2012, respectively, and $7.0 million and $5.9 million for the six months ended June 30, 2013 and 2012, respectively. Cash received from Purchase Plan purchases was $3.0 million for the six months ended June 30, 2013. Cash received from both option exercises and Purchase Plan purchases was $3.1 million for the six months ended June 30, 2012. The tax benefit realized for the tax deductions from the vesting of restricted shares, which increased additional paid in capital, totaled $1.1 million for the six months ended June 30, 2013; in addition, the tax benefit realized for the tax deductions from both options exercised and vesting of restricted shares, which increased additional paid in capital, totaled $1.6 million for the six months ended June 30, 2012.

The Company issues new shares or treasury shares, if available, when restricted stock vests. With respect to shares issued under the Purchase Plan, the Company’s Board of Directors has authorized specific share repurchases to fund the shares issuable under the Purchase Plan.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The two-class method is utilized for the computation of Earnings Per Share (“EPS”). The two-class method requires a portion of net income to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents. The Company’s restricted stock awards qualify as participating securities as each contain non-forfeitable rights to dividends. Income allocated to these participating securities is excluded from net earnings available to common shares, as shown in the table below. Basic EPS is computed by dividing net income available to basic common shares by the weighted average number of basic common shares outstanding during the period. Diluted EPS is computed by dividing net income available to diluted common shares by the weighted average number of dilutive common shares outstanding during the period.

The following table sets forth the calculation of EPS for the three and six months ended June 30, 2013 and 2012.



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(In thousands, except per share amounts)
Weighted average basic common shares outstanding	23,315		21,650		22,796		21,640
Dilutive effect of contingently convertible notes and warrants	1,660		851		1,743		871
Dilutive effect of stock options, net of assumed repurchase of treasury stock	—		4		—		5
Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock	5		8		5		6
Weighted average dilutive common shares outstanding	24,980		22,513		24,544		22,522
Basic:
Net Income	$	37,388	$	28,625	59,506		51,742
Less: Earnings allocated to participating securities	1,689		1,628		2,684		2,822
Earnings available to basic common shares	$	35,699	$	26,997	$	56,822	$	48,920
Basic earnings per common share	$	1.53	$	1.25	$	2.49	$	2.26
Diluted:
Net Income	$	37,388	$	28,625	59,506		51,742
Less: Earnings allocated to participating securities	1,592		1,576		2,522		2,730
Earnings available to diluted common shares	$	35,796	$	27,049	$	56,984	$	49,012
Diluted earnings per common share	$	1.43	$	1.20	$	2.32	$	2.18

The weighted average number of stock-based awards not included in the calculation of the dilutive effect of stock-based awards was immaterial for the three and six months ended June 30, 2013 and 2012.

As discussed in Note 9, “Long-Term Debt” below, the Company is required to include the dilutive effect, if applicable, of the net shares issuable under the 2.25% Notes (as defined in Note 9) and the 2.25% Warrants sold in connection with the 2.25% Notes (“2.25% Warrants”) in its diluted common shares outstanding for the diluted earnings calculation. Although the ten-year call options that the Company purchased on its common stock in connection with the issuance of the 2.25% Notes (“2.25% Purchased Options”) have the economic benefit of decreasing the dilutive effect of the 2.25% Notes, the Company cannot factor this benefit into the diluted common shares outstanding for the diluted earnings calculation since the impact would be anti-dilutive. The average adjusted closing price of the Company's common stock for the three months ended March 31, 2013 and June 30, 2013 was more than the conversion price in effect at the end of each period. Therefore, the dilutive effect of the 2.25% Notes was included in the computation of diluted EPS for the three and six months ended June 30, 2013. Since the average price of the Company’s common stock for the three months ended March 31, 2012 and June 30, 2012 was less than the conversion price in effect at the end of the respective period, no net shares were included in the computation of diluted EPS for the three and six months ended June 30, 2012, as the impact would have been anti-dilutive. Refer to Note 9, "Long-Term Debt" for a description of the change to the conversion price, which occurred during the three months ended June 30, 2013 as a result of the Company’s decision to pay a cash dividend in excess of $0.14.

In addition, the Company is required to include the dilutive effect, if applicable, of the net shares issuable under the 3.00% Notes (as defined in Note 9, "Long-Term Debt" ) and the 3.00% Warrants sold in connection with the 3.00% Notes (“3.00% Warrants”). Although the ten-year call options that the Company purchased on its common stock in connection with the issuance of the 3.00% Notes (“3.00% Purchased Options”) have the economic benefit of decreasing the dilutive effect of the 3.00% Notes, the Company cannot factor this benefit into the diluted common shares outstanding for the diluted earnings calculation since the impact would be anti-dilutive. Since the average price of the Company’s common stock for the three months ended March 31, 2013 and 2012, as well as June 30, 2013 and 2012 was more than the conversion price in effect at the end of the respective periods, the dilutive effect of the 3.00% Notes was included in the computation of diluted earnings per share for the three and six months ended June 30, 2013 and 2012. The dilutive effect of the 3.00% Warrants was also included in the computation for the three and six months ended June 30, 2013. Refer to Note 9, "Long-Term Debt" for a description of the change to the conversion price, which occurred during the three months ended June 30, 2013 as a result of the Company’s decision to pay a cash dividend.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2013
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company is subject to U.S. federal income taxes and income taxes in numerous U.S. states. In addition, the Company is subject to income tax in the U.K. and Brazil relative to its foreign subsidiaries. The effective income tax rate of 37.9% of pretax income for the three months ended June 30, 2013 differed from the federal statutory rate of 35.0% due primarily to taxes provided for the taxable state and foreign jurisdictions in which the Company operates, and the dispositions of certain dealerships with non-deductible goodwill. For the six months ended June 30, 2013, the Company's effective tax rate increased to 40.2% from 37.9% for the same period in 2012. The change was primarily due to the mix of pretax income from the taxable state jurisdictions in which the Company operates, the tax effect of acquisition costs, and the dispositions of certain dealerships with non-deductible goodwill. As of June 30, 2013 and December 31, 2012, the Company had no unrecognized tax benefits with respect to uncertain tax positions and did not incur any interest and penalties nor did it accrue any interest for the six months ended June 30, 2013. When applicable, consistent with prior practice, the Company recognizes interest and penalties related to uncertain tax positions in income tax expense. Taxable years 2008 and subsequent remain open for examination by the Company’s major taxing jurisdictions.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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-Section 50
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-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts

6 Months Ended

Jun. 30, 2013

Balance Sheet Accounts [Abstract]

Detail Of Certain Balance Sheet Accounts

DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts and notes receivable consisted of the following:



	June 30, 2013			December 31, 2012
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	66,518		$	64,039
Parts and service receivables	32,649			17,879
Finance and insurance receivables	15,863			16,060
Other	19,887			14,895
Total accounts and notes receivable	134,917			112,873
Less allowance for doubtful accounts	(2,404		)	(1,645		)
Accounts and notes receivable, net	$	132,513		$	111,228

Inventories consisted of the following:



	June 30, 2013			December 31, 2012
	(unaudited)
	(In thousands)
New vehicles	$	1,001,360		$	895,484
Used vehicles	225,897			184,775
Rental vehicles	77,511			68,014
Parts, accessories and other	59,131			50,370
Total inventories	1,363,899			1,198,643
Less lower of cost or market reserves	(5,605		)	(4,355		)
Inventories, net	$	1,358,294		$	1,194,288

New and used vehicles are valued at the lower of specific cost or market and are removed from inventory using the specific identification method. Parts and accessories are valued at lower of cost or market determined on either a first-in, first-out basis or on an average cost basis.

Property and equipment consisted of the following:



	Estimated Useful Lives in Years	June 30, 2013			December 31, 2012
	(unaudited)
		(Dollars in thousands)
Land	—	$	238,087		$	232,944
Buildings	30 to 40	352,682			331,526
Leasehold improvements	varies	111,397			97,651
Machinery and equipment	7 to 20	73,371			69,630
Furniture and fixtures	3 to 10	67,449			61,627
Company vehicles	3 to 5	8,478			9,239
Construction in progress	—	20,592			28,188
Total		872,056			830,805
Less accumulated depreciation		(165,763		)	(163,037		)
Property and equipment, net		$	706,293		$	667,768

During the six months ended June 30, 2013, the Company incurred $32.4 million of capital expenditures for the construction of new or expanded facilities and the purchase of equipment and other fixed assets in the maintenance of the Company’s dealerships and facilities. In addition, the Company purchased real estate during the six months ended June 30, 2013 associated with existing dealership operations totaling $10.7 million. And, in conjunction with the Company’s acquisition of 23 separate dealerships and five collision centers during the six months ended June 30, 2013, the Company acquired $31.7 million of real estate and other property and equipment.

Credit Facilities	6 Months Ended
Credit Facilities	Jun. 30, 2013
Credit Facilities [Abstract]
CREDIT FACILITIES	CREDIT FACILITIES In the U.S., the Company has a $1.7 billion revolving syndicated credit arrangement with 25 financial institutions including six manufacturer-affiliated finance companies (“Revolving Credit Facility”). The Company also has a $200.0 million floorplan financing arrangement with Ford Motor Credit Company (“FMCC Facility”) for financing of Ford new vehicles in the U.S. and with several other automobile manufacturers for financing of a portion of its rental vehicle inventory. In the U.K., the Company has financing arrangements with BMW Financial Services, Volkswagen Finance and FMCC for financing of its new and used vehicles. In Brazil, the Company has financing arrangements for new, used, and rental vehicles with several financial institutions, most of which are manufacturer affiliated. Within the Company's Consolidated Balance Sheets, Floorplan notes payable - credit facility and other primarily reflects amounts payable for the purchase of specific new, used and rental vehicle inventory (with the exception of new and rental vehicle purchases financed through lenders affiliated with the respective manufacturer) whereby financing is provided by the Revolving Credit Facility. Floorplan notes payable - manufacturer affiliates reflects amounts payable for the purchase of vehicles whereby financing is provided by the FMCC Facility, the financing of rental vehicles in the U.S., as well as the financing of new, used, and rental vehicles in both the U.K. and Brazil. Payments on the floorplan notes payable are generally due as the vehicles are sold. As a result, these obligations are reflected in the accompanying Consolidated Balance Sheets as current liabilities. Revolving Credit Facility On June 20, 2013, the Company amended its Revolving Credit Facility principally to increase the total borrowing capacity from $1.35 billion to $1.7 billion and to extend the term from an expiration date on June 1, 2016 to June 20, 2018. The Revolving Credit Facility consists of two tranches, providing a maximum of $1.6 billion for U.S. vehicle inventory floorplan financing (“Floorplan Line”), as well as a maximum of $320.0 million and a minimum of $100.0 million for working capital and general corporate purposes, including acquisitions (“Acquisition Line”). The capacity under these two tranches can be re-designated within the overall $1.7 billion commitment, subject to the original limits of a maximum of $1.6 billion for the Floorplan Line, as well as a maximum of $320.0 million and a minimum of $100.0 million for the Acquisition Line. Up to $125.0 million of the Acquisition Line can be borrowed in either Euros or Pound Sterling. The Revolving Credit Facility can be expanded to its maximum commitment of $1.95 billion, subject to participating lender approval. The Floorplan Line bears interest at rates equal to the one-month LIBOR plus 125 basis points for new vehicle inventory and the one-month LIBOR plus 150 basis points for used vehicle inventory. The Acquisition Line bears interest at the one-month LIBOR plus 150 basis points plus a margin that ranges from zero to 100 basis points for borrowings in U.S. Dollars and 150 to 250 basis points on borrowings in Euros or Sterling, depending on the Company’s total adjusted leverage ratio. The Floorplan Line also requires a commitment fee of 0.20% per annum on the unused portion. The Acquisition Line requires a commitment fee ranging from 0.25% to 0.45% per annum, depending on the Company’s total adjusted leverage ratio, based on a minimum commitment of $100.0 million less outstanding borrowings. In conjunction with the Revolving Credit Facility, the Company has $7.6 million of related unamortized costs as of June 30, 2013 that are being amortized over the term of the facility. After considering the outstanding balance of $929.3 million at June 30, 2013, the Company had $450.7 million of available floorplan borrowing capacity under the Floorplan Line. Included in the $450.7 million available borrowings under the Floorplan Line was $82.0 million of immediately available funds. The weighted average interest rate on the Floorplan Line was 1.7% as of June 30, 2013 and December 31, 2012, under the Revolving Credit Facility, excluding the impact of the Company’s interest rate swaps. Amounts borrowed by the Company under the Floorplan Line for specific vehicle inventory are to be repaid upon the sale of the vehicle financed, and in no case is a borrowing for a vehicle to remain outstanding for greater than one year. With regards to the Acquisition Line, no borrowings were outstanding as of June 30, 2013 or December 31, 2012, under the Revolving Credit Facility. The amount of available borrowing capacity under the Acquisition Line is limited from time to time based upon certain debt covenants. After considering $29.3 million of outstanding letters of credit and other factors included in the Company’s available borrowing base calculation, there was $263.6 million of available borrowing capacity under the Acquisition Line as of June 30, 2013. All of the Company’s domestic dealership-owning subsidiaries are co-borrowers under the Revolving Credit Facility. The Company’s obligations under the Revolving Credit Facility are secured by essentially all of the Company’s domestic personal property (other than equity interests in dealership-owning subsidiaries), including all motor vehicle inventory and proceeds from the disposition of dealership-owning subsidiaries. The Revolving Credit Facility contains a number of significant covenants that, among other things, restrict the Company’s ability to make disbursements outside of the ordinary course of business, dispose of assets, incur additional indebtedness, create liens on assets, make investments and engage in mergers or consolidations. The Company is also required to comply with specified financial tests and ratios defined in the Revolving Credit Facility, such as fixed charge coverage, total adjusted leverage, and senior secured adjusted leverage. Further, the Revolving Credit Facility restricts the Company’s ability to make certain payments, such as dividends or other distributions of assets, properties, cash, rights, obligations or securities (“Restricted Payments”). The Restricted Payments cannot exceed the sum of $125.0 million plus (or minus if negative) (a) one-half of the aggregate consolidated net income of the Company for the period beginning on January 1, 2013 and ending on the date of determination and (b) the amount of net cash proceeds received from the sale of capital stock on or after January 1, 2013 and ending on the date of determination less (c) cash dividends and share repurchases (“Restricted Payment Basket”). For purposes of the calculation of the Restricted Payment Basket, net income represents such amounts per the consolidated financial statements adjusted to exclude the Company’s foreign operations, non-cash interest expense, non-cash asset impairment charges, and non-cash stock-based compensation. As of June 30, 2013, the Restricted Payment Basket totaled $146.3 million. As of June 30, 2013, the Company was in compliance with all applicable covenants and ratios under the Revolving Credit Facility. Ford Motor Credit Company Facility The FMCC Facility provides for the financing of, and is collateralized by, the Company’s Ford new vehicle inventory, including affiliated brands. This arrangement provides for $200.0 million of floorplan financing and is an evergreen arrangement that may be canceled with 30 days notice by either party. As of June 30, 2013, the Company had an outstanding balance of $150.2 million under the FMCC Facility with an available floorplan borrowing capacity of $49.8 million. This facility bears interest at a rate of Prime plus 150 basis points minus certain incentives; however, the prime rate is defined to be a minimum of 3.50%. As of June 30, 2013, the interest rate on the FMCC Facility was 5.00% before considering the applicable incentives. Other Credit Facilities The Company has credit facilities with BMW Financial Services, Volkswagen Finance and FMCC for the financing of new, used and rental vehicle inventories related to its U.K. operations. These facilities are evergreen arrangements that may be canceled with notice by either party and bear interest at a base rate plus a surcharge that varies based upon the type of vehicle being financed. Dependent upon the type of inventory financed, the interest rates charged on borrowings outstanding under these facilities ranged from 1.37% to 3.95% as of June 30, 2013. The Company has credit facilities with financial institutions in Brazil, most of which are affiliated with the manufacturers, for the financing of new, used and rental vehicle inventories related to its Brazil operations. These facilities have renewal terms ranging from one month to twelve months. They may be canceled with notice by either party and bear interest at a benchmark rate, plus a surcharge that varies based upon the type of vehicle being financed. As of June 30, 2013, the interest rates charged on borrowings outstanding under these facilities ranged from 12.00% to 16.76%. Excluding rental vehicles financed through the Revolving Credit Facility, financing for rental vehicles is typically obtained directly from the automobile manufacturers. These financing arrangements generally require small monthly payments and mature in varying amounts over a period of two years. As of June 30, 2013, the interest rate charged on borrowings related to the Company’s rental vehicle fleet varied up to 5.00%. Rental vehicles are typically transferred to used vehicle inventory when they are removed from rental service and repayment of the borrowing is required at that time.

Long-Term Debt

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

LONG-TERM DEBT

The Company carries its long-term debt at face value, net of applicable discounts. Long-term debt consisted of the following:



	June 30, 2013		December 31, 2012
	(Dollars in thousands)
2.25% Convertible Senior Notes	$	156,272	$	152,363
3.00% Convertible Senior Notes	82,468		80,706
Mortgage Facility	49,435		56,677
Other Real Estate Related and Long-Term Debt	235,499		249,710
Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 10.6%	41,605		38,232
	565,279		577,688
Less current maturities of mortgage facility and other long-term debt	23,570		22,672
	$	541,709	$	555,016

Included in current maturities of long-term debt and short-term financing in the Company's Consolidated Balance Sheets as of June 30, 2013 and December 31, 2012 was $0.7 million and $8.7 million, respectively, of short-term financing that is due within one year of the respective balance sheet date.

Fair Value of Long-Term Debt

The Company’s outstanding 2.25% Convertible Senior Notes due 2036 (“2.25% Notes”) had a fair value of $220.1 million and $214.6 million as of June 30, 2013 and December 31, 2012, respectively. The Company’s outstanding 3.00% Convertible Senior Notes due 2020 (“3.00% Notes”) had a fair value of $211.0 million and $203.5 million as of June 30, 2013 and December 31, 2012, respectively. The fair value estimates are based on Level 2 inputs of the fair value hierarchy available as of June 30, 2013 and December 31, 2012. The Company determined the estimated fair value of its long-term debt using available market information and commonly accepted valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, these estimates are not necessarily indicative of the amounts that the Company, or holders of the instruments, could realize in a current market exchange. The use of different assumptions and/or estimation methodologies could have a material effect on estimated fair values. These amounts have not been revalued since those dates, and current estimates of fair value could differ significantly from the amounts presented. The carrying value of the Company’s variable rate debt approximates fair value due to the short-term nature of the interest rates.

2.25% Convertible Senior Notes

As of June 30, 2013 and December 31, 2012, the carrying value of the 2.25% Notes, related discount and equity component consisted of the following:



	June 30, 2013			December 31, 2012
	(In thousands)
Carrying amount of equity component	$	65,270		$	65,270
Allocated underwriter fees, net of taxes	(1,475		)	(1,475		)
Allocated debt issuance cost, net of taxes	(58		)	(58		)
Total net equity component	$	63,737		$	63,737
Deferred income tax component	$	9,463		$	10,846
Principal amount of 2.25% Notes	$	182,753		$	182,753
Unamortized discount	(25,483		)	(29,244		)
Unamortized underwriter fees	(998		)	(1,146		)
Net carrying amount of liability component	$	156,272		$	152,363
Unamortized debt issuance cost	$	40		$	45

For the six months ended June 30, 2013 and 2012, the contractual interest expense and the discount amortization, which is recorded as other interest expense in the accompanying Consolidated Statements of Operations, were as follows:



	Six Months Ended June 30,
	2013			2012
	(Dollars in thousands)
Year-to-date contractual interest expense	$	2,056		$	2,056
Year-to-date discount amortization ⁽¹⁾	$	3,689		$	3,404
Effective interest rate of liability component	7.7		%	7.7		%

(1) Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt.

The Company determined the discount using the estimated effective interest rate for similar debt with no convertible features. The original effective interest rate of 7.50% was estimated by comparing debt issuances from companies with similar credit ratings during the same annual period as the Company. The effective interest rate differs due to the impact of underwriter fees associated with this issuance that were capitalized as an additional discount and are being amortized to interest expense through 2016. The effective interest rate may change in the future as a result of future repurchases of the 2.25% Notes. The Company utilized a ten-year term for the assessment of the fair value of its 2.25% Notes.

The 2.25% Notes are convertible into cash and, if applicable, common stock based on the conversion rate, subject to adjustment, including a quarterly cash dividend in excess of $0.14 per share, under the following circumstances: (a) during any calendar quarter (and only during such calendar quarter) beginning after September 30, 2006, if the closing price of the Company’s common stock for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is equal to or more than 130% of the applicable conversion price per share (or $77.18 as of June 30, 2013); (b) during the five business day period after any ten consecutive trading day period in which the trading price per $1,000 principal amount for each day of the ten day trading period was less than 98% of the product of the last reported sale/bid price of the Company’s common stock and the conversion rate on that day; and (c) upon the occurrence of specified corporate transactions set forth in the indenture governing the 2.25% Notes (the "2.25% Notes Indenture"). Upon conversion, a holder will receive an amount in cash and common shares of the Company’s common stock, determined in the manner set forth in the 2.25% Notes Indenture. The if-converted value of the 2.25% Notes exceeded the principal amount of the 2.25% Notes by $15.5 million at June 30, 2013.

As of June 30, 2013, the conversion rate was 16.8439 shares of common stock per $1,000 principal amount of 2.25% Notes, with a conversion price of $59.37 per share, which was reduced during the second quarter of 2013 as the result of the Company’s decision to pay a cash dividend in excess of $0.14 per share. As of June 30, 2013, the exercise price of the 2.25% Warrants, which are related to the issuance of the 2.25% Notes, was reduced to $80.23 due to the Company’s decision to pay a cash dividend in excess of $0.14 per share during the second quarter of 2013. If any cash dividend or distribution is made to all, or substantially all, holders of the Company’s common stock in excess of $0.14 per share in the future, the conversion rate will be further adjusted based on the formula defined in the 2.25% Notes Indenture.

Under the terms of the 2.25% Purchased Options, which become exercisable upon conversion of the 2.25% Notes, the Company has the right to receive a total of 3.1 million shares of its common stock at the conversion price then in effect. The exercise price is subject to certain adjustments that mirror the adjustments to the conversion price of the 2.25% Notes (including payments of cash dividends in excess of $0.14 per share).

3.00% Convertible Senior Notes

As of June 30, 2013 and December 31, 2012, the carrying value of the 3.00% Notes, related discount and equity component consisted of the following:



	June 30, 2013			December 31, 2012
	(In thousands)
Carrying amount of equity component (including temporary equity)	$	25,359		$	25,359
Allocated underwriter fees, net of taxes	(760		)	(760		)
Allocated debt issuance cost, net of taxes	(112		)	(112		)
Total net equity component	$	24,487		$	24,487
Deferred income tax component	$	11,248		$	11,844
Principal amount of 3.00% Notes	$	115,000		$	115,000
Unamortized discount	(30,835		)	(32,505		)
Unamortized underwriter fees	(1,697		)	(1,789		)
Net carrying amount of liability component	$	82,468		$	80,706
Unamortized debt issuance costs	$	250		$	264

For the six months ended June 30, 2013 and 2012, the contractual interest expense and the discount amortization, which is recorded as interest expense in the accompanying Consolidated Statements of Operations, were as follows:



	Six Months Ended June 30,
	2013			2012
	(Dollars in thousands)
Year-to-date contractual interest expense	$	1,725		$	1,725
Year-to-date discount amortization ⁽¹⁾	$	1,588		$	1,449
Effective interest rate of liability component	8.6		%	8.6		%

(1) Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt.

The Company determined the discount using the estimated effective interest rate for similar debt with no convertible features. The original effective interest rate of 8.25% was estimated by receiving a range of quotes from the underwriters for the estimated rate that the Company could reasonably expect to issue non-convertible debt for the same tenure. The effective interest rate differs from the 3.00%, due to the impact of underwriter fees associated with this issuance that were capitalized as an additional discount and are being amortized to interest expense through 2020. The effective interest rate may change in the future as a result of future repurchases of the 3.00% Notes. The Company utilized a ten-year term for the assessment of the fair value of its 3.00% Notes.

The 3.00% Notes are convertible into cash and, if applicable, common stock based on the conversion rate, subject to adjustment, on the business day preceding September 15, 2019, under the following circumstances: (a) during any fiscal quarter (and only during such fiscal quarter) beginning after September 30, 2010, if the last reported sale price of the Company’s common stock for at least 20 trading days in the period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter is equal to or more than 130% of the applicable conversion price per share (or $48.72 as of June 30, 2013) (“Stock Price Trigger”); (b) during the five business day period after any ten consecutive trading day period in which the trading price per $1,000 principal amount for each day of the ten day trading period was less than 98% of the product of the last reported sale/bid price of the Company’s common stock and the conversion rate on that day; and (c) upon the occurrence of specified corporate transactions set forth in the indenture governing the 3.00% Notes (the "3.00% Notes Indenture"). Upon conversion, a holder will receive an amount in cash and common shares of the Company’s common stock, determined in the manner set forth in the 3.00% Notes Indenture.

As a result of the Stock Price Trigger on June 30, 2013, the 3.00% Notes are convertible at the option of the holders during the three months ending September 30, 2013. As such, the Company reclassified the redeemable equity portion of the 3.00% Notes to temporary equity from the additional paid-in capital component of permanent equity on the Consolidated Balance Sheet as of June 30, 2013. The debt portion of the 3.00% Notes continued to be classified as a long-term liability as of June 30, 2013, since the Company has the intent and ability to refinance any conversion of the 3.00% Notes with another long-term debt instrument. The combination of the debt portion and temporary equity portion represents the aggregate principal obligation of the 3.00% Notes redeemable at the option of the holders as of June 30, 2013. The if-converted value of the 3.00% Notes exceeded the principal amount of the 3.00% Notes by $82.6 million at June 30, 2013.

As of June 30, 2013, the conversion rate was 26.6822 shares of common stock per $1,000 principal amount of 3.00% Notes, with a conversion price of $37.48 per share, which was reduced during the second quarter of 2013 as the result of the Company’s decision to pay a cash dividend. As of June 30, 2013, the exercise price of the 3.00% Warrants, which are related to the issuance of the 3.00% Notes, was reduced to $55.07 due to the Company’s decision to pay a cash dividend during the second quarter of 2013. If any cash dividend or distribution is made to all, or substantially all, holders of the Company’s common stock in the future, the conversion rate will be further adjusted based on the formula defined in the 3.00% Notes Indenture.

Under the terms of the 3.00% Purchased Options, which become exercisable upon conversion of the 3.00% Notes, the Company has the right to receive a total of 3.1 million shares of its common stock at the conversion price then in effect. The exercise price is subject to certain adjustments that mirror the adjustments to the conversion price of the 3.00% Notes (including payments of cash dividends).

Real Estate Credit Facility

Group 1 Realty, Inc., a wholly-owned subsidiary of the Company, has entered into a real estate credit facility with Bank of America, N.A. and Comerica Bank (as amended and restated, the “Mortgage Facility”) provides the right for up to $83.4 million of term loans, of which $60.7 million has been used as of June 30, 2013. The term loans can be expanded provided that (a) no default or event of default exists under the Mortgage Facility; (b) the Company obtains commitments from the lenders who would qualify as assignees for such increased amounts; and (c) certain other agreed upon terms and conditions have been satisfied. This facility is guaranteed by the Company and substantially all of the domestic subsidiaries of the Company and is secured by the real property owned by the Company that is mortgaged under the Mortgage Facility. The Company capitalized debt issuance costs related to the Mortgage Facility that are being amortized over the term of the facility, $0.5 million of which were still unamortized as of June 30, 2013.

The interest rate is equal to (a) the per annum rate equal to one-month LIBOR plus 2.50% per annum, determined on the first day of each month; or (b) 1.45% per annum in excess of the higher of (i) the Bank of America prime rate (adjusted daily on the day specified in the public announcement of such price rate), (ii) the Federal Funds Rate adjusted daily, plus 0.5% or (iii) the per annum rate equal to the one-month LIBOR plus 1.05% per annum. The Federal Funds Rate is the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the business day succeeding such day.

The Company is required to make quarterly principal payments equal to 1.25% of the principal amount outstanding and is required to repay the aggregate amount outstanding on the maturity dates of the individual property borrowings, ranging, from December 29, 2015 through February 27, 2017. For the six months ended June 30, 2013, the Company made no additional borrowings and principal payments of $7.3 million on outstanding borrowings from the Mortgage Facility. As of June 30, 2013, borrowings outstanding under the Mortgage Facility totaled $49.4 million, with $2.7 million recorded as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets.

The Mortgage Facility also contains usual and customary provisions limiting the Company’s ability to engage in certain transactions, including limitations on the Company’s ability to incur additional debt, additional liens, make investments, and pay distributions to its stockholders. In addition, the Mortgage Facility requires certain financial covenants that are identical to those contained in the Company’s Revolving Credit Facility. As of June 30, 2013, the Company was in compliance with all applicable covenants and ratios under the Mortgage Facility.

Real Estate Related Debt

The Company, as well as certain of its wholly-owned subsidiaries, has entered into separate term mortgage loans in the U.S. with four of its manufacturer-affiliated finance partners – Toyota Motor Credit Corporation (“TMCC”), Mercedes-Benz Financial Services USA, LLC (“MBFS”), BMW Financial Services NA, LLC (“BMWFS”), FMCC and several third-party financial institutions (collectively, “Real Estate Notes”). The Real Estate Notes are on specific buildings and/or properties and are guaranteed by the Company. Each loan was made in connection with, and is secured by mortgage liens on, the real property owned by the Company that is mortgaged under the Real Estate Notes. The Real Estate Notes bear interest at fixed rates between 3.67% and 9.00%, and at variable indexed rates plus a spread between 2.25% and 3.35% per annum. The Company capitalized debt issuance costs related to the Real Estate Notes that are being amortized over the terms of the notes, $0.8 million of which were still unamortized as of June 30, 2013.

The loan agreements with TMCC consist of seven term loans. As of June 30, 2013, $47.2 million was outstanding under the TMCC term loans, with $5.4 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. The maturity dates vary from three to seven years and provide for monthly payments based on a 20-year amortization schedule. These seven loans are cross-collateralized and cross-defaulted with each other and are cross-defaulted with the Revolving Credit Facility.

The loan agreements with MBFS consist of three term loans. As of June 30, 2013, $46.3 million was outstanding under the MBFS term loans, with $1.7 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. The agreements provide for monthly payments based on a 20-year amortization schedule and have a maturity date of five years. These three loans are cross-collateralized and cross-defaulted with each other and are also cross-defaulted with the Revolving Credit Facility.

The loan agreements with BMWFS consist of 13 term loans. As of June 30, 2013, $67.6 million was outstanding under the BMWFS term loans, with $3.8 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. The agreements provide for monthly payments based on a 15-year amortization schedule and have a maturity date of 7 years. In the case of three properties owned by subsidiaries, the applicable loan is also guaranteed by the subsidiary real property owner. These 13 loans are cross-collateralized with each other. In addition, they are cross-defaulted with each other, the Revolving Credit Facility, and certain dealership franchising agreements with BMW of North America, LLC.

In addition, agreements with third-party financial institutions consist of 11 term loans for an aggregate principal amount of $59.4 million, to finance real estate associated with the Company’s dealerships. These loans are inclusive of the Company's one term loan with FMCC with $5.5 million outstanding and $0.2 million classified as current. The loans are being repaid in monthly installments that began in July 1998 and will mature by November 2022. As of June 30, 2013, borrowings under these notes totaled $53.1 million, with $3.0 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. Nine of these loans are cross-defaulted with the Revolving Credit Facility. The other two loans, including the FMCC loan, are subject to separate restrictions and covenants. The Company was in compliance with all applicable covenants and ratios under the agreements.

The Company has also entered into separate term mortgage loans in the U.K. with another third-party financial institution which are secured by the Company’s U.K. properties. These mortgage loans (collectively, “Foreign Notes”) are being repaid in monthly installments that began in March 2010 and mature August 2027. As of June 30, 2013, borrowings under the Foreign Notes totaled $16.3 million, with $2.3 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets.

Fair Value Measurements

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Accounting Standards Codification (“ASC”) 820 defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; requires disclosure of the extent to which fair value is used to measure financial and non-financial assets and liabilities, the inputs utilized in calculating valuation measurements, and the effect of the measurement of significant unobservable inputs on earnings, or changes in net assets, as of the measurement date; establishes a three-level valuation hierarchy based upon the transparency of inputs utilized in the measurement and valuation of financial assets or liabilities as of the measurement date:

•Level 1 — unadjusted, quoted prices for identical assets or liabilities in active markets;

•Level 2 — quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be corroborated by observable market data by correlation; and

•Level 3 — unobservable inputs based upon the reporting entity’s internally developed assumptions that market participants would use in pricing the asset or liability.

The Company’s financial instruments consist primarily of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, investments in debt and equity securities, accounts payable, credit facilities, long-term debt and interest rate swaps. The fair values of cash and cash equivalents, contracts-in-transit and vehicle receivables, accounts and notes receivable, accounts payable, and credit facilities approximate their carrying values due to the short-term nature of these instruments or the existence of variable interest rates.

The Company periodically invests in unsecured, corporate demand obligations with manufacturer-affiliated finance companies, which bear interest at a variable rate and are redeemable on demand by the Company. Therefore, the Company has classified these demand obligations as cash and cash equivalents in the accompanying Consolidated Balance Sheets. The Company determined that the valuation measurement inputs of these instruments include inputs other than quoted market prices, that are observable or that can be corroborated by observable data by correlation. Accordingly, the Company has classified these instruments within Level 2 of the hierarchy framework.

The Company's derivative financial instruments are recorded at fair market value. See Note 3, "Derivative Instruments and Risk Management Activities" for further details regarding the Company's derivative financial instruments.

The Company evaluated its assets and liabilities for those that met the criteria of the disclosure requirements and fair value framework of ASC 820 and identified investments in marketable securities, debt instruments, and interest rate derivative financial instruments as having met such criteria. The respective fair values measured on a recurring basis as of June 30, 2013 and December 31, 2012, respectively, were as follows:



	As of June 30, 2013
	Level 1		Level 2		Total
	(In thousands)
Assets:
Interest rate derivative financial instruments	$	—	$	2,785	$	2,785
Debt securities:
Demand obligations	$	—	$	60	$	60
Total	$	—	$	2,845	$	2,845
Liabilities:
Interest rate derivative financial instruments	$	—	$	28,116	$	28,116
Total	$	—	$	28,116	$	28,116



	As of December 31, 2012
	Level 1		Level 2		Total
	(In thousands)
Assets:
Debt securities:
Demand obligations	$	—	$	616	$	616
Total	$	—	$	616	$	616
Liabilities:
Interest rate derivative financial instruments	$	—	$	43,089	$	43,089
Total	$	—	$	43,089	$	43,089

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2013
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES From time to time, the Company’s dealerships are named in various types of litigation involving customer claims, employment matters, class action claims, purported class action claims, as well as claims involving the manufacturer of automobiles, contractual disputes and other matters arising in the ordinary course of business. Due to the nature of the automotive retailing business, the Company may be involved in legal proceedings or suffer losses that could have a material adverse effect on the Company’s business. In the normal course of business, the Company is required to respond to customer, employee and other third-party complaints. Amounts that have been accrued or paid related to the settlement of litigation are included in SG&A expenses in the Company’s Consolidated Statements of Operations. In addition, the manufacturers of the vehicles that the Company sells and services have audit rights allowing them to review the validity of amounts claimed for incentive, rebate or warranty-related items and charge the Company back for amounts determined to be invalid payments under the manufacturers’ programs, subject to the Company’s right to appeal any such decision. Amounts that have been accrued or paid related to the settlement of manufacturer chargebacks of recognized incentives and rebates are included in cost of sales in the Company’s Consolidated Statements of Operations, while such amounts for manufacturer chargebacks of recognized warranty-related items are included as a reduction of revenues in the Company’s Consolidated Statements of Operations. Legal Proceedings Currently, the Company is not party to any legal proceedings that, individually or in the aggregate, are reasonably expected to have a material adverse effect on the Company’s results of operations, financial condition, or cash flows, including class action lawsuits. However, the results of current, or future, matters cannot be predicted with certainty, and an unfavorable resolution of one or more of such matters could have a material adverse effect on the Company’s results of operations, financial condition, or cash flows. Other Matters The Company, acting through its subsidiaries, is the lessee under many real estate leases that provide for the use by the Company’s subsidiaries of their respective dealership premises. Pursuant to these leases, the Company’s subsidiaries generally agree to indemnify the lessor and other parties from certain liabilities arising as a result of the use of the leased premises, including environmental liabilities, or a breach of the lease by the lessee. Additionally, from time to time, the Company enters into agreements in connection with the sale of assets or businesses in which it agrees to indemnify the purchaser, or other parties, from certain liabilities or costs arising in connection with the assets or business. Also, in the ordinary course of business in connection with purchases or sales of goods and services, the Company enters into agreements that may contain indemnification provisions. In the event that an indemnification claim is asserted, liability would be limited by the terms of the applicable agreement. From time to time, primarily in connection with dealership dispositions, the Company’s subsidiaries assign or sublet to the dealership purchaser the subsidiaries’ interests in any real property leases associated with such dealerships. In general, the Company’s subsidiaries retain responsibility for the performance of certain obligations under such leases to the extent that the assignee or sublessee does not perform, whether such performance is required prior to or following the assignment or subletting of the lease. Additionally, the Company and its subsidiaries generally remain subject to the terms of any guarantees made by the Company and its subsidiaries in connection with such leases. Although the Company generally has indemnification rights against the assignee or sublessee in the event of non-performance under these leases, as well as certain defenses, and the Company presently has no reason to believe that it or its subsidiaries will be called on to perform under any such assigned leases or subleases, the Company estimates that lessee rental payment obligations during the remaining terms of these leases were $17.2 million as of June 30, 2013. The Company’s exposure under these leases is difficult to estimate and there can be no assurance that any performance of the Company or its subsidiaries required under these leases would not have a material adverse effect on the Company’s business, financial condition, or cash flows. The Company and its subsidiaries also may be called on to perform other obligations under these leases, such as environmental remediation of the leased premises or repair of the leased premises upon termination of the lease. However, the Company does not have any known material environmental commitments or contingencies and presently has no reason to believe that it or its subsidiaries will be called on to so perform. In the ordinary course of business, the Company is subject to numerous laws and regulations, including automotive, environmental, health and safety, and other laws and regulations. The Company does not anticipate that the costs of such compliance will have a material adverse effect on its business, consolidated results of operations, financial condition, or cash flows, although such outcome is possible given the nature of its operations and the extensive legal and regulatory framework applicable to its business. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law on July 21, 2010, established a new consumer financial protection agency with broad regulatory powers. Although automotive dealers are generally excluded, the Dodd-Frank Act could lead to additional, indirect regulation of automotive dealers through its regulation of automotive finance companies and other financial institutions. In addition, the Patient Protection and Affordable Care Act, which was signed into law on March 23, 2010, has the potential to increase the Company’s future annual employee health care costs. Further, new laws and regulations, particularly at the federal level, may be enacted, which could also have a materially adverse impact on its business.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Section S99
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-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Intangible Franchise Rights and Goodwill

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE FRANCHISE RIGHTS AND GOODWILL

The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts:



	Intangible Franchise Rights			Goodwill
	(In thousands)
BALANCE, December 31, 2012	$	196,058		$	582,384		(1)
Additions through acquisitions	95,304			115,526
Disposals	(5,826		)	(4,728		)
Currency Translation	(10,563		)	(12,258		)
Tax adjustments	—			(67		)
BALANCE, June 30, 2013	274,973			680,857			(1)

⁽¹⁾Net of accumulated impairment of $40.3 million

The increase in the Company’s goodwill and intangible franchise rights is primarily related to the purchase of franchises in the U.K. and Brazil.

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in the balances of each component of accumulated other comprehensive loss for the six months ended June 30, 2013 and 2012 were as follows:



	Six Months Ended June 30, 2013
	Accumulated foreign currency translation loss			Accumulated gain (loss) on marketable securities		Accumulated (loss) gain on interest rate swaps			Total
	(In thousands)
Balance, December 31, 2012	$	(6,126	)	$	—	$	(26,931	)	$	(33,057	)
Other comprehensive income before reclassifications:									—
Pre-tax	(26,724		)	—		12,304			(14,420		)
Tax effect	—			—		(4,614		)	(4,614		)
Amounts reclassified from accumulated other comprehensive income to:
Floorplan interest expense	—			—		4,848			4,848
Other interest expense	—			—		606			606
Tax effect	—			—		(2,045		)	(2,045		)
Net current period other comprehensive (loss) income	(26,724		)	—		11,099			(15,625		)
Balance, June 30, 2013	$	(32,850	)	$	—	$	(15,832	)	$	(48,682	)


	Six Months Ended June 30, 2012
	Accumulated foreign currency translation loss			Accumulated gain (loss) on marketable securities		Accumulated (loss) gain on interest rate swaps			Total
	(In thousands)
Balance, December 31, 2011	$	(7,969	)	$	8	$	(21,275	)	$	(29,236	)
Other comprehensive income before reclassifications:
Pre-tax	(6		)	8		(12,176		)	(12,174		)
Tax effect	—			—		4,566			4,566
Amounts reclassified from accumulated other comprehensive income to:
Floorplan interest expense	—			—		5,344			5,344
Other interest expense	—			—		550			550
Tax effect	—			—		(2,210		)	(2,210		)
Net current period other comprehensive (loss) income	(6		)	8		(3,926		)	(3,924		)
Balance, June 30, 2012	$	(7,975	)	$	16	$	(25,201	)	$	(33,160	)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e689-108580

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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Segement Information Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

As of June 30, 2013, the Company had three reportable segments: (1) the U.S., (2) the U.K., and (3) Brazil. Each of the reportable segments is comprised of retail automotive franchises, which sell new vehicles, used vehicles, parts and automotive services and finance and insurance products, and collision centers. The vast majority of the Company's corporate activities are associated with the operations of the U.S. operating segments and therefore the corporate financial results are included within the U.S. reportable segment.

The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by our chief operating decision maker to allocate resources and assess performance. Our chief operating decision maker is our Chief Executive Officer. Reportable segment revenue, gross profit, SG&A, floorplan interest expense, net income and capital expenditures are as follows:



	Three Months Ended June 30, 2013									Six Months Ended June 30, 2013
	U.S.		U.K.		Brazil			Total		U.S.		U.K.		Brazil			Total
	(In thousands)									(In thousands)
Revenues	$	1,881,654	$	207,436	$	246,020		$	2,335,110	$	3,603,440	$	378,514	$	316,988		$	4,298,942
Gross profit	290,476		23,744		27,054			341,274		563,418		42,915		35,430			641,763
Selling, general and administrative expense ⁽¹⁾	210,820		18,570		21,769			251,159		420,304		34,606		29,682			484,592
Floorplan interest expense	8,645		421		1,807			10,873		16,941		727		2,569			20,237
Other interest expense, net	9,301		293		(24		)	9,570		18,341		507		(36		)	18,812
Net income	32,209		2,972		2,207			37,388		53,674		4,488		1,344			59,506
Capital expenditures	15,420		675		684			16,779		30,695		760		929			32,384

⁽¹⁾ Includes a net gain on the disposition of dealerships of $8.4 million and $9.0 million for the three and six months ended June 30, 2013, respectively, in the U.S. segment. Also includes losses due to catastrophic events of $11.1 million and $11.9 million for the three and six months ended June 30, 2013, respectively, in the U.S. segment. For the six months ended June 30, 2013, includes acquisition costs included of $5.2 million, $0.1 million and $1.2 million in the U.S., U.K. and Brazil segments, respectively.



	Three Months Ended June 30, 2012								Six Months Ended June 30, 2012
	U.S.		U.K.		Brazil		Total		U.S.		U.K.		Brazil		Total
	(In thousands)								(In thousands)
Revenues	$	1,757,634	$	138,192	$	—	$	1,895,826	$	3,343,854	$	216,717	$	—	$	3,560,571
Gross profit	269,567		15,777		—		285,344		520,484		25,284		—		545,768
Selling, general and administrative expense ⁽²⁾	201,316		13,011		—		214,327		392,893		20,546		—		413,439
Floorplan interest expense	7,546		317		—		7,863		15,028		454		—		15,482
Other interest expense, net	9,070		120		—		9,190		17,989		241		—		18,230
Net income	27,300		1,325		—		28,625		49,477		2,265		—		51,742
Capital expenditures	16,416		48		—		16,464		25,999		160		—		26,159

⁽²⁾ Includes a loss due to catastrophic events of $2.7 million, as well as a net gain on real estate transactions of $1.1 million for both the three and six months ended June 30, 2012, in the U.S. segment.

Reportable segment goodwill and intangible franchise rights and total assets by segment are as follows:



	As of June 30, 2013
	U.S.		U.K.		Brazil		Total
	(In thousands)
Goodwill and Intangible Franchise Rights	$	754,539	$	26,076	$	175,215	$	955,830
Total assets	2,886,311		205,034		317,973		3,409,318



	As of December 31, 2012
	U.S.		U.K.		Brazil		Total
	(In thousands)
Goodwill and Intangible Franchise Rights	$	752,372	$	26,070	$	—	$	778,442
Total assets	2,860,771		162,244		—		3,023,015

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 10
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Interim Financial Information Interim Financial Information (Policies)

6 Months Ended

Jun. 30, 2013

Interim Accounting Policies [Abstract]

Business and Organization[Text Block]

Business and Organization

Basis of Presentation [Text Block]

Basis of Presentation

Segment Reporting Disclosure [Text Block]

Business Segment Information

Consolidation, Variable Interest Entity, Policy [Policy Text Block]

Variable Interest Entity



	June 30, 2013
Current Assets	$	25,280
Non-current Assets	75,817
Total Assets	$	101,097
Current Liabilities	$	21,701
Non-current Liabilities	26,928
Total Liabilities	$	48,629

Recent Accounting Pronouncements Policy [Text Block]

Recent Accounting Pronouncements

- Definition

Disclosure of accounting policy for completed business combinations (purchase method, acquisition method or combination of entities under common control). This accounting policy may include a general discussion of the purchase method or acquisition method of accounting (including for example, the treatment accorded contingent consideration, the identification of assets and liabilities, the purchase price allocation process, how the fair values of acquired assets and liabilities are determined) and the entity's specific application thereof. An entity that acquires another entity in a leveraged buyout transaction generally discloses the accounting policy followed by the acquiring entity in determining the basis used to value its interest in the acquired entity, and the rationale for that accounting policy.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Subparagraph (a)-(d)
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 7
-Subparagraph a, b, c, d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
-Section SEC Observer Comments
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 9, 10, 11, 12, 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Disclosure of accounting policy for consolidation to describe the significant judgments and assumptions made in determining whether a variable interest held by the entity requires the variable interest entity to be consolidated and (or) disclose information about its involvement with the variable interest entity; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; and the significant factors considered and judgments made in determining that the power to direct the activities that significantly impact the economic performance of the variable interest entity are shared (as defined).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 5A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7880789&loc=SL6759159-111685

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5728-111685

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Subparagraph a
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 24
-Subparagraph e
-Appendix D

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 22E
-Subparagraph a
-Appendix D

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 22B
-Subparagraph a
-Appendix D

+ Details

Interim Financial Information (Tables)

6 Months Ended

Jun. 30, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Carrying Amounts and Classification of Assets and Liabilities of VIE[Table Text Block]

The preliminary carrying amounts and classification of assets and liabilities (for which creditors do not have recourse to the general credit of the Company) are included within amounts from the Company's purchase price allocations. As discussed in Note 2, "Acquisitions and Dispositions," the allocations are based on estimates and assumptions that are subject to change within the purchase price allocation period. The assets and liabilities included in the Company's consolidated statements of financial position for the consolidated VIE are as follows (in thousands):



	June 30, 2013
Current Assets	$	25,280
Non-current Assets	75,817
Total Assets	$	101,097
Current Liabilities	$	21,701
Non-current Liabilities	26,928
Total Liabilities	$	48,629

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
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-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5747-111685

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Variable Interest Entity
-URI http://asc.fasb.org/extlink&oid=6528138

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 3
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-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=7880789&loc=SL6759159-111685

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 140
-Paragraph 35
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 2, 14, 15, 16, 23, 24, 25, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 24
-Appendix D

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
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-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name Statement of Financial Accounting Standard (FAS)
-Number 167
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-Appendix D

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 23A
-Appendix D

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 167
-Paragraph 22E
-Appendix D

Reference 14: http://www.xbrl.org/2003/role/presentationRef
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-Name FASB Interpretation (FIN)
-Number 46R
-Paragraph 4
-Subparagraph g
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2013

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

Our supplemental pro forma revenue and net income had the acquisition date for each of the Company's 2013 acquisitions been January 1, 2012, are as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
Supplemental Pro forma:	2013		2012		2013		2012
	(In thousands)
Revenue	$	2,348,987	$	2,136,511	$	4,460,040	$	4,068,884
Net income	$	37,934	$	32,743	$	68,047	$	59,332

Schedule of Purchase Price Allocation [Table Text Block]

The allocation of the purchase price is preliminary and based on estimates and assumptions that are subject to change within the purchase price allocation period (generally one year from the acquisition date). Goodwill was assigned to the U.S., U.K. and Brazil reportable segments in the amounts of $8.8 million, $1.5 million and $106.4 million, respectively.



	As of Acquisition Date
	(In thousands)
Current Assets	$	32,385
Inventory	97,723
Property and Equipment	31,730
Goodwill & Intangible Franchise Rights	211,391
Other assets	1,870
Total Assets	$	375,099
Current Liabilities	$	109,937
Deferred Income Taxes	23,189
Long-term Debt	68,639
Total Liabilities	$	201,765

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Derivative Instruments and Risk Management Activities (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amount of Unrealized Gain, Net of Tax, Recognized in Other Comprehensive Income

The following table presents the impact during the current and comparative prior year period for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets.



	Amount of Unrealized Gain (Loss), Net of Tax, Recognized in Other Comprehensive Loss
	Six Months Ended June 30,
Derivatives in Cash Flow Hedging Relationship	2013				2012
		(In thousands)
Interest rate swap contracts		$	7,690			$	(7,610	)

	Amount of Loss Reclassified from Other Comprehensive Loss into Statements of Operations
Location of Loss Reclassified from Other Comprehensive Loss into Statements of Operations	Six Months Ended June 30,
	2013				2012
		(In thousands)
Floorplan interest expense		$	(4,848	)		$	(5,344	)
Other interest expense		(606		)		(550		)

Stock-Based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted Stock Awards

A summary of these awards as of June 30, 2013, along with the changes during the six months then ended follows:



	Awards		Weighted Average Grant Date Fair Value
Nonvested at December 31, 2012	1,023,350		$	38.19
Granted	261,786		59.17
Vested	(120,300	)	35.84
Forfeited	(42,920	)	42.50
Nonvested at June 30, 2013	1,121,916		$	43.19

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Basic and Diluted Earnings per share

The following table sets forth the calculation of EPS for the three and six months ended June 30, 2013 and 2012.



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(In thousands, except per share amounts)
Weighted average basic common shares outstanding	23,315		21,650		22,796		21,640
Dilutive effect of contingently convertible notes and warrants	1,660		851		1,743		871
Dilutive effect of stock options, net of assumed repurchase of treasury stock	—		4		—		5
Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock	5		8		5		6
Weighted average dilutive common shares outstanding	24,980		22,513		24,544		22,522
Basic:
Net Income	$	37,388	$	28,625	59,506		51,742
Less: Earnings allocated to participating securities	1,689		1,628		2,684		2,822
Earnings available to basic common shares	$	35,699	$	26,997	$	56,822	$	48,920
Basic earnings per common share	$	1.53	$	1.25	$	2.49	$	2.26
Diluted:
Net Income	$	37,388	$	28,625	59,506		51,742
Less: Earnings allocated to participating securities	1,592		1,576		2,522		2,730
Earnings available to diluted common shares	$	35,796	$	27,049	$	56,984	$	49,012
Diluted earnings per common share	$	1.43	$	1.20	$	2.32	$	2.18

Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Tables)

6 Months Ended

Jun. 30, 2013

Balance Sheet Accounts [Abstract]

Accounts and notes receivable

Accounts and notes receivable consisted of the following:



	June 30, 2013			December 31, 2012
	(unaudited)
	(In thousands)
Amounts due from manufacturers	$	66,518		$	64,039
Parts and service receivables	32,649			17,879
Finance and insurance receivables	15,863			16,060
Other	19,887			14,895
Total accounts and notes receivable	134,917			112,873
Less allowance for doubtful accounts	(2,404		)	(1,645		)
Accounts and notes receivable, net	$	132,513		$	111,228

Summary of inventories

Inventories consisted of the following:



	June 30, 2013			December 31, 2012
	(unaudited)
	(In thousands)
New vehicles	$	1,001,360		$	895,484
Used vehicles	225,897			184,775
Rental vehicles	77,511			68,014
Parts, accessories and other	59,131			50,370
Total inventories	1,363,899			1,198,643
Less lower of cost or market reserves	(5,605		)	(4,355		)
Inventories, net	$	1,358,294		$	1,194,288

Property and equipment

Property and equipment consisted of the following:



	Estimated Useful Lives in Years	June 30, 2013			December 31, 2012
	(unaudited)
		(Dollars in thousands)
Land	—	$	238,087		$	232,944
Buildings	30 to 40	352,682			331,526
Leasehold improvements	varies	111,397			97,651
Machinery and equipment	7 to 20	73,371			69,630
Furniture and fixtures	3 to 10	67,449			61,627
Company vehicles	3 to 5	8,478			9,239
Construction in progress	—	20,592			28,188
Total		872,056			830,805
Less accumulated depreciation		(165,763		)	(163,037		)
Property and equipment, net		$	706,293		$	667,768

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Instrument [Line Items]

Summary of long-term debt

The Company carries its long-term debt at face value, net of applicable discounts. Long-term debt consisted of the following:



	June 30, 2013		December 31, 2012
	(Dollars in thousands)
2.25% Convertible Senior Notes	$	156,272	$	152,363
3.00% Convertible Senior Notes	82,468		80,706
Mortgage Facility	49,435		56,677
Other Real Estate Related and Long-Term Debt	235,499		249,710
Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 10.6%	41,605		38,232
	565,279		577,688
Less current maturities of mortgage facility and other long-term debt	23,570		22,672
	$	541,709	$	555,016

Convertible Senior Notes Due Two Zero Three Six [Member]

Debt Instrument [Line Items]

Summary of long-term debt

As of June 30, 2013 and December 31, 2012, the carrying value of the 2.25% Notes, related discount and equity component consisted of the following:



	June 30, 2013			December 31, 2012
	(In thousands)
Carrying amount of equity component	$	65,270		$	65,270
Allocated underwriter fees, net of taxes	(1,475		)	(1,475		)
Allocated debt issuance cost, net of taxes	(58		)	(58		)
Total net equity component	$	63,737		$	63,737
Deferred income tax component	$	9,463		$	10,846
Principal amount of 2.25% Notes	$	182,753		$	182,753
Unamortized discount	(25,483		)	(29,244		)
Unamortized underwriter fees	(998		)	(1,146		)
Net carrying amount of liability component	$	156,272		$	152,363
Unamortized debt issuance cost	$	40		$	45

Contractual interest expense and the discount amortization



	Six Months Ended June 30,
	2013			2012
	(Dollars in thousands)
Year-to-date contractual interest expense	$	2,056		$	2,056
Year-to-date discount amortization ⁽¹⁾	$	3,689		$	3,404
Effective interest rate of liability component	7.7		%	7.7		%

(1) Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt.

Convertible Senior Notes Due Two Zero Two Zero [Member]

Debt Instrument [Line Items]

Summary of long-term debt

As of June 30, 2013 and December 31, 2012, the carrying value of the 3.00% Notes, related discount and equity component consisted of the following:



	June 30, 2013			December 31, 2012
	(In thousands)
Carrying amount of equity component (including temporary equity)	$	25,359		$	25,359
Allocated underwriter fees, net of taxes	(760		)	(760		)
Allocated debt issuance cost, net of taxes	(112		)	(112		)
Total net equity component	$	24,487		$	24,487
Deferred income tax component	$	11,248		$	11,844
Principal amount of 3.00% Notes	$	115,000		$	115,000
Unamortized discount	(30,835		)	(32,505		)
Unamortized underwriter fees	(1,697		)	(1,789		)
Net carrying amount of liability component	$	82,468		$	80,706
Unamortized debt issuance costs	$	250		$	264

Contractual interest expense and the discount amortization



	Six Months Ended June 30,
	2013			2012
	(Dollars in thousands)
Year-to-date contractual interest expense	$	1,725		$	1,725
Year-to-date discount amortization ⁽¹⁾	$	1,588		$	1,449
Effective interest rate of liability component	8.6		%	8.6		%

(1) Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Asset and liabilities recorded at fair value

The respective fair values measured on a recurring basis as of June 30, 2013 and December 31, 2012, respectively, were as follows:



	As of June 30, 2013
	Level 1		Level 2		Total
	(In thousands)
Assets:
Interest rate derivative financial instruments	$	—	$	2,785	$	2,785
Debt securities:
Demand obligations	$	—	$	60	$	60
Total	$	—	$	2,845	$	2,845
Liabilities:
Interest rate derivative financial instruments	$	—	$	28,116	$	28,116
Total	$	—	$	28,116	$	28,116



	As of December 31, 2012
	Level 1		Level 2		Total
	(In thousands)
Assets:
Debt securities:
Demand obligations	$	—	$	616	$	616
Total	$	—	$	616	$	616
Liabilities:
Interest rate derivative financial instruments	$	—	$	43,089	$	43,089
Total	$	—	$	43,089	$	43,089

Intangible Franchise Rights and Goodwill (Tables)

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Roll-forward of intangible franchise rights and goodwill accounts

The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts:



	Intangible Franchise Rights			Goodwill
	(In thousands)
BALANCE, December 31, 2012	$	196,058		$	582,384		(1)
Additions through acquisitions	95,304			115,526
Disposals	(5,826		)	(4,728		)
Currency Translation	(10,563		)	(12,258		)
Tax adjustments	—			(67		)
BALANCE, June 30, 2013	274,973			680,857			(1)

⁽¹⁾Net of accumulated impairment of $40.3 million

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Changes in the balances of each component of accumulated other comprehensive income

Changes in the balances of each component of accumulated other comprehensive loss for the six months ended June 30, 2013 and 2012 were as follows:



	Six Months Ended June 30, 2013
	Accumulated foreign currency translation loss			Accumulated gain (loss) on marketable securities		Accumulated (loss) gain on interest rate swaps			Total
	(In thousands)
Balance, December 31, 2012	$	(6,126	)	$	—	$	(26,931	)	$	(33,057	)
Other comprehensive income before reclassifications:									—
Pre-tax	(26,724		)	—		12,304			(14,420		)
Tax effect	—			—		(4,614		)	(4,614		)
Amounts reclassified from accumulated other comprehensive income to:
Floorplan interest expense	—			—		4,848			4,848
Other interest expense	—			—		606			606
Tax effect	—			—		(2,045		)	(2,045		)
Net current period other comprehensive (loss) income	(26,724		)	—		11,099			(15,625		)
Balance, June 30, 2013	$	(32,850	)	$	—	$	(15,832	)	$	(48,682	)


	Six Months Ended June 30, 2012
	Accumulated foreign currency translation loss			Accumulated gain (loss) on marketable securities		Accumulated (loss) gain on interest rate swaps			Total
	(In thousands)
Balance, December 31, 2011	$	(7,969	)	$	8	$	(21,275	)	$	(29,236	)
Other comprehensive income before reclassifications:
Pre-tax	(6		)	8		(12,176		)	(12,174		)
Tax effect	—			—		4,566			4,566
Amounts reclassified from accumulated other comprehensive income to:
Floorplan interest expense	—			—		5,344			5,344
Other interest expense	—			—		550			550
Tax effect	—			—		(2,210		)	(2,210		)
Net current period other comprehensive (loss) income	(6		)	8		(3,926		)	(3,924		)
Balance, June 30, 2012	$	(7,975	)	$	16	$	(25,201	)	$	(33,160	)

Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Reportable segment revenue, gross profit, SG&A, floorplan interest expense, net income and capital expenditures are as follows:



	Three Months Ended June 30, 2013									Six Months Ended June 30, 2013
	U.S.		U.K.		Brazil			Total		U.S.		U.K.		Brazil			Total
	(In thousands)									(In thousands)
Revenues	$	1,881,654	$	207,436	$	246,020		$	2,335,110	$	3,603,440	$	378,514	$	316,988		$	4,298,942
Gross profit	290,476		23,744		27,054			341,274		563,418		42,915		35,430			641,763
Selling, general and administrative expense ⁽¹⁾	210,820		18,570		21,769			251,159		420,304		34,606		29,682			484,592
Floorplan interest expense	8,645		421		1,807			10,873		16,941		727		2,569			20,237
Other interest expense, net	9,301		293		(24		)	9,570		18,341		507		(36		)	18,812
Net income	32,209		2,972		2,207			37,388		53,674		4,488		1,344			59,506
Capital expenditures	15,420		675		684			16,779		30,695		760		929			32,384



	Three Months Ended June 30, 2012								Six Months Ended June 30, 2012
	U.S.		U.K.		Brazil		Total		U.S.		U.K.		Brazil		Total
	(In thousands)								(In thousands)
Revenues	$	1,757,634	$	138,192	$	—	$	1,895,826	$	3,343,854	$	216,717	$	—	$	3,560,571
Gross profit	269,567		15,777		—		285,344		520,484		25,284		—		545,768
Selling, general and administrative expense ⁽²⁾	201,316		13,011		—		214,327		392,893		20,546		—		413,439
Floorplan interest expense	7,546		317		—		7,863		15,028		454		—		15,482
Other interest expense, net	9,070		120		—		9,190		17,989		241		—		18,230
Net income	27,300		1,325		—		28,625		49,477		2,265		—		51,742
Capital expenditures	16,416		48		—		16,464		25,999		160		—		26,159

Schedule of Segment Reporting, by Segment, Goodwill and Intangible Assets [Table Text Block]

Reportable segment goodwill and intangible franchise rights and total assets by segment are as follows:



	As of June 30, 2013
	U.S.		U.K.		Brazil		Total
	(In thousands)
Goodwill and Intangible Franchise Rights	$	754,539	$	26,076	$	175,215	$	955,830
Total assets	2,886,311		205,034		317,973		3,409,318



	As of December 31, 2012
	U.S.		U.K.		Brazil		Total
	(In thousands)
Goodwill and Intangible Franchise Rights	$	752,372	$	26,070	$	—	$	778,442
Total assets	2,860,771		162,244		—		3,023,015

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Interim Financial Information (Details Textual) $ in Thousands	Jun. 30, 2013 USD ($) dealerships states town	Dec. 31, 2012 USD ($)
Business and Organization [Line Items]
Assets, Current	$ 1,730,800	$ 1,566,181
Total assets	3,409,318	3,023,015
Liabilities, Current	$ 1,642,842	$ 1,395,578
East [Member]
Business and Organization [Line Items]
Number of dealerships \| dealerships	44
West [Member]
Business and Organization [Line Items]
Number of dealerships \| dealerships	65
UNITED STATES
Business and Organization [Line Items]
Number of States in which Entity Operates \| states	15
UNITED KINGDOM
Business and Organization [Line Items]
Number of Towns in which Entity Operates \| town	13
Number of dealerships \| dealerships	14
BRAZIL
Business and Organization [Line Items]
Number of States in which Entity Operates \| states	2
Number of dealerships \| dealerships	18
Variable Interest Entity, Primary Beneficiary [Member]
Business and Organization [Line Items]
Assets, Current	$ 25,280
Long-Lived Assets	75,817
Total assets	101,097
Liabilities, Current	21,701
Liabilities, Noncurrent	26,928
Liabilities	$ 48,629

Acquisitions and Dispositions (Details) $ in Thousands	3 Months Ended		6 Months Ended
Acquisitions and Dispositions (Details) $ in Thousands	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2013 USD ($) dealerships franchise	Jun. 30, 2012 USD ($) dealerships	Dec. 31, 2012 USD ($)
Business Acquisition [Line Items]
Assets, Current	$ 1,730,800		$ 1,730,800		$ 1,566,181
Acquisitions and Dispositions (Textual) [Abstract]
Number of dealerships acquired \| dealerships			23
Other Expenses	0	$ 0	$ 789	$ 0
Cash paid in acquisitions, net of cash received			(89,775)	$ (114,958)
Inventories, net	1,358,294		1,358,294		1,194,288
Property, Plant and Equipment, Net	706,293		706,293		667,768
Total assets	3,409,318		3,409,318		3,023,015
Liabilities, Current	1,642,842		1,642,842		1,395,578
Total [Member]
Business Acquisition [Line Items]
Assets, Current	32,385		32,385
Acquisitions and Dispositions (Textual) [Abstract]
Acquisition Costs, Cumulative	6,500		6,500
Business Acquisition, Cost of Acquired Entity, Purchase Price	173,300		173,300
Business Combination, Consideration Transferred	1,450		1,450
Debt assumed as part of consideration paid	65,100		65,100
Inventories, net	97,723		97,723
Property, Plant and Equipment, Net	31,730		31,730
Intangible Assets, Net (Including Goodwill)	211,391		211,391
Other Assets	1,870		1,870
Total assets	375,099		375,099
Liabilities, Current	109,937		109,937
Deferred Tax Liabilities, Net	23,189		23,189
Long-term Debt	68,639		68,639
Liabilities	201,765		$ 201,765
BRAZIL
Acquisitions and Dispositions (Textual) [Abstract]
Number of dealerships acquired			18
Number of franchises acquired \| franchise			22
BRAZIL \| Collision Centers [Member]
Acquisitions and Dispositions (Textual) [Abstract]
Number of franchises acquired			5
UNITED KINGDOM
Acquisitions and Dispositions (Textual) [Abstract]
Number of dealerships acquired \| dealerships			4	6
TEXAS
Acquisitions and Dispositions (Textual) [Abstract]
Number of dealerships acquired \| dealerships			1
CALIFORNIA
Acquisitions and Dispositions (Textual) [Abstract]
Number of dealerships disposed \| dealerships			3
GEORGIA
Acquisitions and Dispositions (Textual) [Abstract]
Number of dealerships disposed \| dealerships			1
UNITED STATES
Acquisitions and Dispositions (Textual) [Abstract]
Number of dealerships acquired \| dealerships				6
U.S. [Member]
Business Acquisition [Line Items]
Business Acquisition, Purchase Price Allocation, Goodwill Amount	8,800		$ 8,800
Acquisitions and Dispositions (Textual) [Abstract]
Gain (Loss) on Sale of Business	8,400		9,000
Intangible Assets, Net (Including Goodwill)	754,539		754,539		752,372
Total assets	2,886,311		2,886,311		2,860,771
U.K. [Member]
Business Acquisition [Line Items]
Business Acquisition, Purchase Price Allocation, Goodwill Amount	1,500		1,500
Acquisitions and Dispositions (Textual) [Abstract]
Intangible Assets, Net (Including Goodwill)	26,076		26,076		26,070
Total assets	205,034		205,034		162,244
Brazil [Member]
Business Acquisition [Line Items]
Business Acquisition, Purchase Price Allocation, Goodwill Amount	106,400		106,400
Acquisitions and Dispositions (Textual) [Abstract]
Intangible Assets, Net (Including Goodwill)	175,215		175,215		0
Total assets	$ 317,973		$ 317,973		$ 0

Acquisitions and Dispositions Pro forma Financial Information table (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$ 2,348,987	$ 2,136,511	$ 4,460,040	$ 4,068,884
Business Acquisition, Pro Forma Net Income (Loss)	$ 37,934	$ 32,743	$ 68,047	$ 59,332

Derivative Instruments and Risk Management Activities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Floor Plan Interest Expense	$ 10,873	$ 7,863	$ 20,237	$ 15,482
Derivatives in cash flow hedging relationship
Interest rate swap contracts	$ 7,704	$ (7,122)	7,690	(7,610)
Floorplan Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Floor Plan Interest Expense			(4,848)	(5,344)
Other Interest Expense [Member]
Location of Loss Reclassified from OCI into Statements of Operations
Interest Expense			(606)	(550)
Interest Rate Swap Contracts [Member]
Derivatives in cash flow hedging relationship
Interest rate swap contracts			$ 7,690	$ (7,610)

- Definition

Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 20
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 121
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 46
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Derivative Instruments and Risk Management Activities (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013 USD ($) swap	Jun. 30, 2012 USD ($)	Jun. 30, 2013 USD ($) swap	Jun. 30, 2012 USD ($)
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]
Notional Value of interest rate swaps	$ 450,000		$ 450,000
Interest rate hedges weighted average rate	2.60%		2.60%
Increase in floor plan interest expense due to impact of interest rate hedges	$ 2,400	$ 2,600	$ 4,800	$ 5,300
Floor Plan Interest Expense	10,873	$ 7,863	20,237	$ 15,482
Fair value of derivative financial instruments included in balance sheet as liabilities from interest risk management activities	28,100		28,100
Interest Rate Derivative Assets, at Fair Value	2,800		2,800
Amount expected to be reclassified from other comprehensive loss into earnings	$ 10,500		$ 10,500
Interest Rate Swaps Forward Starting [Member]
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]
Interest rate hedges weighted average rate	2.70%		2.70%
Number of additional forward interest rate swaps \| swap	10		10
Aggregate notional value of nineteen additional forward interest rate swaps	$ 525,000		$ 525,000
Maximum Notional Amount Of Derivatives In Effect At Any Time	$ 600,000		$ 600,000

Stock-Based Compensation Plans (Details)	6 Months Ended
Stock-Based Compensation Plans (Details)	Jun. 30, 2013 $ / shares shares
Restricted Stock Awards
Weighted Average Grant Date Fair Value, Nonvested, December 31, 2011 \| $ / shares	$ 38.19
Restricted Stock [Member]
Restricted Stock Awards
Awards, Nonvested at December 31, 2012 \| shares	1,121,916
Awards, Granted \| shares	261,786
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 59.17
Awards, Vested \| shares	(120,300)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 35.84
Awards, Forfeited \| shares	(42,920)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value \| $ / shares	$ 42.50

Stock-Based Compensation Plans (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Additional Stock-based Compensation Plans (Textual) [Abstract]
Cash received from option exercises and employee stock purchase plan purchases			$ 3,000	$ 3,100
Tax benefit realized for the tax deductions			1,100	1,600
Share-based Compensation	$ 3,600	$ 3,000	$ 6,960	$ 5,915
Long Term Incentive Plan [Member]
Stock-based Compensation Plans (Textual) [Abstract]
Maximum number of shares available for issuance under the plan	7,500,000		7,500,000
Expiry date for stock options grant	Mar. 08, 2017
Shares available for granted under the incentive plan	817,174		817,174
Employee Stock Purchase Plan [Member]
Stock-based Compensation Plans (Textual) [Abstract]
Shares authorized for issuance	3,500,000		3,500,000
Employee stock purchase price in percentage of fair market value	85.00%
Shares remaining in reserve for future issuance	665,734		665,734
Shares issued to employee under purchase plan	58,525	56,149
Weighted average fair value of employee stock purchase rights issued	$ 13.40	$ 11.68

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Basic and Diluted Earnings per share
Weighted average basic common shares outstanding	23,315	21,650	22,796	21,640
Dilutive effect of contingently convertible notes and warrants	1,660	851	1,743	871
Dilutive effect of stock options, net of assumed repurchase of treasury stock	0	4	0	5
Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock	5	8	5	6
Weighted average dilutive common shares outstanding	24,980	22,513	24,544	22,522
Basic:
Net income	$ 37,388	$ 28,625	$ 59,506	$ 51,742
Less: Earning allocated to participating securities	1,689	1,628	2,684	2,822
Earnings available to basic common shares	$ 35,699	$ 26,997	$ 56,822	$ 48,920
Basic earnings per common share	$ 1.53	$ 1.25	$ 2.49	$ 2.26
Diluted:
Net income	$ 37,388	$ 28,625	$ 59,506	$ 51,742
Less: Earning allocated to participating securities	1,592	1,576	2,522	2,730
Earnings available to diluted common shares	$ 35,796	$ 27,049	$ 56,984	$ 49,012
Diluted earnings per common share	$ 1.43	$ 1.20	$ 2.32	$ 2.18

Earnings Per Share (Details Textual) - $ / shares	3 Months Ended
Earnings Per Share (Details Textual) - $ / shares	Jun. 30, 2013	Dec. 31, 2012
Convertible Senior Notes Due Two Zero Three Six [Member]
Earnings Per Share (Textual) [Abstract]
Debt interest rate	2.25%	2.25%
Dividend Threshold for Adjustment to Conversion Price	$ 0.14
2.25% Purchased Options [Member]
Earnings Per Share (Textual) [Abstract]
Debt interest rate	2.25%
2.25% Warrants [Member]
Earnings Per Share (Textual) [Abstract]
Debt interest rate	2.25%
3.00% Notes [Member]
Earnings Per Share (Textual) [Abstract]
Debt interest rate	3.00%
3.00% Warrants [Member]
Earnings Per Share (Textual) [Abstract]
Debt interest rate	3.00%
3.00% Purchased Options [Member]
Earnings Per Share (Textual) [Abstract]
Debt interest rate	3.00%

Income Taxes (Details Textual)	3 Months Ended	6 Months Ended
Income Taxes (Details Textual)	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2012
Income Tax (Textual) [Abstract]
Effective tax rate	37.90%	40.20%	37.90%
U.S. federal statutory corporate tax rate	35.00%

Detail of Certain Balance Sheet Accounts (Accounts and Notes Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Accounts and notes receivable
Total accounts and notes receivable	$ 134,917	$ 112,873
Less allowance for doubtful accounts	(2,404)	(1,645)
Accounts and notes receivable, net	132,513	111,228
Amounts due from manufacturers [Member]
Accounts and notes receivable
Total accounts and notes receivable	66,518	64,039
Parts and service receivables [Member]
Accounts and notes receivable
Total accounts and notes receivable	32,649	17,879
Finance and insurance receivables, net [Member]
Accounts and notes receivable
Total accounts and notes receivable	15,863	16,060
Other [Member]
Accounts and notes receivable
Total accounts and notes receivable	$ 19,887	$ 14,895

Detail of Certain Balance Sheet Accounts (Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Summary of inventories
Lower of cost or market reserves	$ (5,605)	$ (4,355)
Inventories, net	1,358,294	1,194,288
Inventory, Gross	1,363,899	1,198,643
New vehicles [Member]
Summary of inventories
Inventory, Gross	1,001,360	895,484
Used vehicles [Member]
Summary of inventories
Inventory, Gross	225,897	184,775
Rental vehicles [Member]
Summary of inventories
Inventory, Gross	77,511	68,014
Parts, accessories and other [Member]
Summary of inventories
Inventory, Gross	$ 59,131	$ 50,370

- Definition

The amount of the valuation account as of the balance sheet date which reduces the carrying amount of inventory to net realizable value; takes into consideration such factors as market value, excessive quantities based on expected sales, technological obsolescence, and shrinkage. May also provide for estimated product returns or price concessions pertaining to product cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.BB)
-URI http://asc.fasb.org/extlink&oid=6386940&loc=d3e100047-122729

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-09)
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24092-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6386567&loc=d3e3927-108312

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Paragraph 14
-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Paragraph 8, 9, 14
-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section A
-Paragraph 9
-Chapter 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 09
-Article 12

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 6
-Subparagraph a
-Article 5

+ Details

Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2013 USD ($)	Jun. 30, 2013 USD ($) dealerships	Dec. 31, 2012 USD ($)
Property and Equipment
Total	$ 872,056	$ 872,056	$ 830,805
Less accumulated depreciation and amortization	(165,763)	(165,763)	(163,037)
Property and equipment, net	706,293	706,293	667,768
Capital expenditures incurred for purchase and construction of assets		$ 32,400
Number of dealerships acquired \| dealerships		23
Land [Member]
Property and Equipment
Total	238,087	$ 238,087	232,944
Acquisition of fixed assets		10,700
Buildings [Member]
Property and Equipment
Total	$ 352,682	352,682	331,526
Buildings [Member] \| Minimum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	P30Y
Buildings [Member] \| Maximum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	P40Y
Leasehold improvements [Member]
Property and Equipment
Total	$ 111,397	111,397	97,651
Leasehold improvements [Member] \| Minimum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	varies
Machinery and equipment [Member]
Property and Equipment
Total	$ 73,371	73,371	69,630
Machinery and equipment [Member] \| Minimum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	P7Y
Machinery and equipment [Member] \| Maximum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	P20Y
Furniture and fixtures [Member]
Property and Equipment
Total	$ 67,449	67,449	61,627
Furniture and fixtures [Member] \| Minimum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	P3Y
Furniture and fixtures [Member] \| Maximum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	P10Y
Company vehicles [Member]
Property and Equipment
Total	$ 8,478	8,478	9,239
Company vehicles [Member] \| Minimum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	P3Y
Company vehicles [Member] \| Maximum [Member]
Property and Equipment
Property, Plant and Equipment, Estimated Useful Lives	P5Y
Construction in progress [Member]
Property and Equipment
Total	$ 20,592	20,592	$ 28,188
Land and Building [Member]
Property and Equipment
Acquisition of fixed assets		$ 31,700

Credit Facilities (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Outstanding balances under financing arrangements
Floorplan Offset	$ (81,996)	$ (112,261)
Floorplan notes payable - manufacturer affiliates	$ 301,670	$ 211,965

Credit Facilities (Details Textual) $ in Thousands	3 Months Ended
Credit Facilities (Details Textual) $ in Thousands	Jun. 30, 2013 USD ($) loan	Mar. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Credit Facility (Textual) [Abstract]
Maximum borrowing capacity under line of credit facility	$ 1,700,000	$ 1,350,000
Number of financial institution \| loan	25
Number of Manufacturer-affiliated finance companies \| loan	6
Floorplan Offset	$ (81,996)		$ (112,261)
Floorplan Line [Member]
Credit Facility (Textual) [Abstract]
Weighted average interest rate	1.70%
Floorplan Line [Member]
Credit Facility (Textual) [Abstract]
Line of Credit Facility, Amount Outstanding	$ 929,300
Available amount under borrowing capacity	$ 450,700
Maximum period for outstanding borrowing	1 year
Brazilian Credit Facility [Member] \| Maximum [Member]
Credit Facility (Textual) [Abstract]
Debt interest rate	16.76%
Debt Instrument Maturity Date Period	12 months
Brazilian Credit Facility [Member] \| Minimum [Member]
Credit Facility (Textual) [Abstract]
Debt interest rate	12.00%
Debt Instrument Maturity Date Period	1 month
Fmcc Facility [Member]
Credit Facility (Textual) [Abstract]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Maximum borrowing capacity under line of credit facility	$ 200,000
Line of Credit Facility, Amount Outstanding	150,200
Available amount under borrowing capacity	$ 49,800
Cancellation of agreement	30 days
Prime interest rate, minimum	3.50%
Interest rate, maximum	5.00%
Revolving Credit Facility [Member]
Credit Facility (Textual) [Abstract]
Maximum borrowing capacity under line of credit facility	$ 1,600,000
Expiry date of Revolving Credit Facility	Jun. 20, 2018
Line of credit facility, maximum borrowing capacity can be extended, amount	$ 1,950,000
Commitment fees, Percentage	0.20%
Acquisition Line Minimum Commitment	$ 100,000
Line of credit facility, unamortized cost	7,600
Restricted payment	$ 146,300
Maximum Limit of Restricted Payment	$125.0 million plus (or minus if negative) (a) one-half of the aggregate consolidated net income of the Company for the period beginning on January 1, 2013 and ending on the date of determination and (b) the amount of net cash proceeds received from the sale of capital stock on or after January 1, 2013 and ending on the date of determination less (c) cash dividends and share repurchases (“Restricted Payment Basket”)
Revolving Credit Facility [Member] \| Maximum [Member]
Credit Facility (Textual) [Abstract]
Commitment fees, Percentage	0.45%
Revolving Credit Facility [Member] \| Minimum [Member]
Credit Facility (Textual) [Abstract]
Commitment fees, Percentage	0.25%
New Vehicle [Member]
Credit Facility (Textual) [Abstract]
Debt Instrument, Basis Spread on Variable Rate	1.25%
New Vehicle [Member] \| Maximum [Member]
Credit Facility (Textual) [Abstract]
Debt interest rate	3.95%
New Vehicle [Member] \| Minimum [Member]
Credit Facility (Textual) [Abstract]
Debt interest rate	1.37%
Used Vehicle [Member]
Credit Facility (Textual) [Abstract]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Acquisition Line [Member]
Credit Facility (Textual) [Abstract]
Line of Credit Facility, Amount Outstanding	$ 0
Available amount under borrowing capacity	263,600
Letters of credit outstanding	$ 29,300
Acquisition Line [Member] \| Maximum [Member]
Credit Facility (Textual) [Abstract]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Maximum borrowing capacity under line of credit facility	$ 320,000
Acquisition Line [Member] \| Maximum [Member] \| Available to Borrow in Pounds or Euros
Credit Facility (Textual) [Abstract]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Maximum borrowing capacity under line of credit facility	$ 125,000
Acquisition Line [Member] \| Minimum [Member]
Credit Facility (Textual) [Abstract]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Maximum borrowing capacity under line of credit facility	$ 100,000
Acquisition Line [Member] \| Minimum [Member] \| Available to Borrow in Pounds or Euros
Credit Facility (Textual) [Abstract]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Rental Vehicle Credit Facility [Member]
Credit Facility (Textual) [Abstract]
Debt interest rate	5.00%
Immediate [Member] \| Floorplan Line [Member]
Credit Facility (Textual) [Abstract]
Available amount under borrowing capacity	$ 82,000

Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Net carrying amount of liability component	$ 565,279	$ 577,688
Less current maturities of mortgage facility and other long-term debt	23,570	22,672
LONG-TERM DEBT, net of current maturities	541,709	555,016
2.25% Convertible Senior Notes due 2036 [Member]
Debt Instrument [Line Items]
Secured Long-term Debt, Noncurrent	156,272	152,363
3.00% Convertible Senior Notes due 2020 [Member]
Debt Instrument [Line Items]
Secured Long-term Debt, Noncurrent	82,468	80,706
Mortgages [Member]
Debt Instrument [Line Items]
Other Real Estate Related and Long-Term Debt	49,435	56,677
Other Real Estate Related Long-Term Debt [Member]
Debt Instrument [Line Items]
Other Real Estate Related and Long-Term Debt	235,499	249,710
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.6%	$ 41,605	$ 38,232
Debt, Weighted Average Interest Rate	10.60%

Long-Term Debt (Details 1) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
2.25% Convertible Senior Notes due 2036 [Member]
Carrying value of Notes related discount and equity component
Carrying amount of equity component	$ 65,270	$ 65,270
Allocated underwriter fees, net of taxes	(1,475)	(1,475)
Allocated debt issuance cost, net of taxes	(58)	(58)
Total net equity component	63,737	63,737
Deferred income tax component	9,463	10,846
Principal amount of Notes	182,753	182,753
Unamortized discount	(25,483)	(29,244)
Unamortized underwriter fees	(998)	(1,146)
Secured Long-term Debt, Noncurrent	156,272	152,363
Unamortized debt issuance cost	40	45
3.00% Convertible Senior Notes due 2020 [Member]
Carrying value of Notes related discount and equity component
Carrying amount of equity component	25,359	25,359
Allocated underwriter fees, net of taxes	(760)	(760)
Allocated debt issuance cost, net of taxes	(112)	(112)
Total net equity component	24,487	24,487
Deferred income tax component	11,248	11,844
Principal amount of Notes	115,000	115,000
Unamortized discount	(30,835)	(32,505)
Unamortized underwriter fees	(1,697)	(1,789)
Secured Long-term Debt, Noncurrent	82,468	80,706
Unamortized debt issuance cost	$ 250	$ 264

Long-Term Debt (Details 2) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2012

Jun. 30, 2013

2.25% Convertible Senior Notes due 2036 [Member]

Contractual interest expense and the discount amortization

Year-to-date contractual interest expense

$ 2,056

Year-to-date discount amortization

^[1]

$ 3,404

$ 3,689

Effective interest rate of liability component

7.70%

3.00% Convertible Senior Notes due 2020 [Member]

Contractual interest expense and the discount amortization

Year-to-date contractual interest expense

$ 1,725

Year-to-date discount amortization

^[2]

$ 1,449

$ 1,588

Effective interest rate of liability component

8.60%

[1]	Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt.
[2]	Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt

Long-Term Debt (Details Textual)

3 Months Ended

6 Months Ended

Jun. 30, 2013

USD ($)

$ / shares

$ / warrant_shares

Jun. 30, 2012

USD ($)

Jun. 30, 2013

USD ($)

$ / shares

$ / warrant_shares

Dec. 31, 2012

USD ($)

Debt Instrument [Line Items]

Short-term Debt

$ 700,000

$ 8,700,000

Principal payments on outstanding borrowings

7,300,000

Current maturities of long-term debt

$ 24,338,000

$ 31,358,000

3.00% Convertible Senior Notes due 2020 [Member]

Debt Instrument [Line Items]

Assessment Period For Fair Value

10 years

Debt interest rate

3.00%

Debt Instrument, Interest Rate, Effective Percentage

8.25%

Minimum trading days for conversion price

20 days

Maximum trading days for conversion price under redemption condition

30 days

Initial conversion price per share | $ / shares

$ 48.72

Number of business days after trading day period

5 days

Number of trading days as observation period for determined weighted price of company's common stock

10 days

Principal amount of note to be considered under conversion rate

$ 1,000

Maximum closing sale price under condition two

98.00%

Conversion value in cash

$ 82,600,000

Number of common shares to be issued for per $ 1,000 principal amount of note | shares

26.6822

Conversion price per share | $ / shares

$ 37.48

Maturity date of of notes

Mar. 15, 2020

Note agreement with a third party financial institution

$ 115,000,000

Unamortized debt issuance cost

250,000

264,000

Total interest expense excluding amortization cost

$ 1,725,000

1,725,000

Amortization cost of the 3.00% notes, 2.25% Notes and 8.25% Notes

^[1]

1,449,000

1,588,000

Convertible Debt, Fair Value Disclosures

$ 211,000,000

$ 203,500,000

3.00% Convertible Senior Notes due 2020 [Member] | Minimum [Member]

Debt Instrument [Line Items]

Minimum percentage of conversion price to be considered to redeem all or part of the notes

130.00%

2.25% Convertible Senior Notes due 2036 [Member]

Debt Instrument [Line Items]

Assessment Period For Fair Value

10 years

Debt interest rate

2.25%

Debt Instrument, Interest Rate, Effective Percentage

7.50%

Dividend threshold for adjustment to conversion price | $ / shares

$ 0.14

Minimum trading days for conversion price

20 days

Maximum trading days for conversion price under redemption condition

30 days

Minimum percentage of conversion price to be considered to redeem all or part of the notes

130.00%

Initial conversion price per share | $ / shares

$ 77.18

Number of business days after trading day period

5 days

Number of trading days as observation period for determined weighted price of company's common stock

10 days

Principal amount of note to be considered under conversion rate

$ 1,000

Maximum closing sale price under condition two

98.00%

Conversion value in cash

$ 15,500,000

Number of common shares to be issued for per $ 1,000 principal amount of note | shares

16.8439

Conversion price per share | $ / shares

$ 59.37

Note agreement with a third party financial institution

$ 182,753,000

Unamortized debt issuance cost

40,000

45,000

Total interest expense excluding amortization cost

2,056,000

Amortization cost of the 3.00% notes, 2.25% Notes and 8.25% Notes

^[2]

$ 3,404,000

3,689,000

Convertible Debt, Fair Value Disclosures

$ 220,100,000

$ 214,600,000

Two Point Two Five Percent Warrants [Member]

Debt Instrument [Line Items]

Debt interest rate

2.25%

Three Point Zero Zero Percent Notes [Member]

Debt Instrument [Line Items]

Debt interest rate

3.00%

2.25% Purchased Options [Member]

Debt Instrument [Line Items]

Debt interest rate

2.25%

Maximum number of shares of common stock required to be issued under warrants | shares

3,100,000

2.25% Warrants [Member]

Debt Instrument [Line Items]

Exercise price per common stock under warrants | $ / warrant_shares

80.23

3.00% Warrants [Member]

Debt Instrument [Line Items]

Debt interest rate

3.00%

Exercise price per common stock under warrants | $ / warrant_shares

55.07

3.00% Purchased Options [Member]

Debt Instrument [Line Items]

Debt interest rate

3.00%

Maximum number of shares of common stock required to be issued under warrants | shares

3,100,000

Real Estate Related Debt [Member]

Debt Instrument [Line Items]

Unamortized debt issuance cost

$ 800,000

Interest on real estate notes, minimum

3.67%

Interest on real estate notes, maximum

9.00%

Amortization schedule

20 years

Debt Instrument [Line Items]

Variable Interest Rate

2.25%

Debt Instrument [Line Items]

Variable Interest Rate

3.35%

Debt Instrument [Line Items]

Current maturities of long-term debt

$ 5,400,000

Maturity dates of long term debt

three to seven years

Amortization schedule

20 years

Total borrowings

$ 47,200,000

47,200,000

Number of loans as per loan agreements

Debt Instrument [Line Items]

Current maturities of long-term debt

$ 1,700,000

1,700,000

Maturity dates of long term debt

5 years

Total borrowings

$ 46,300,000

46,300,000

Number of loans as per loan agreements

Debt Instrument [Line Items]

Current maturities of long-term debt

$ 3,800,000

3,800,000

Maturity dates of long term debt

7 years

Amortization schedule

15 years

Total borrowings

$ 67,600,000

67,600,000

Number of loans as per loan agreements

Foreign Note [Member]

Debt Instrument [Line Items]

Current maturities of long-term debt

$ 2,300,000

2,300,000

Total borrowings

16,300,000

Third-party financial institution [Member]

Debt Instrument [Line Items]

Term loans provided under credit facility

59,400,000

Current maturities of long-term debt

3,000,000

Total borrowings

$ 53,100,000

53,100,000

Number of loans as per loan agreements

Third-party financial institution [Member] | Ford Motor Credit [Member]

Debt Instrument [Line Items]

Current maturities of long-term debt

$ 200,000

200,000

Total borrowings

$ 5,500,000

5,500,000

Number of loans as per loan agreements

Mortgage Facility, Real Estate Related Debt and Acquisition Line [Member]

Debt Instrument [Line Items]

Term loans provided under credit facility

$ 60,700,000

60,700,000

Amount available to be expanded

83,400,000

Unamortized debt issuance cost

$ 500,000

500,000

Interest rate under condition second

1.45%

Interest rate under sub-condition three of condition second

1.05%

Percentage of principal payments to make its quarterly payment

1.25%

Starting date of installments to be repaid

Dec. 29, 2015

Ending date of installments to be repaid

Feb. 27, 2017

Borrowings under amended and restated mortgage facility

$ 0

Current maturities of long-term debt

2,700,000

Total borrowings

$ 49,400,000

London Interbank Offered Rate (LIBOR) [Member] | Mortgage Facility, Real Estate Related Debt and Acquisition Line [Member]

Debt Instrument [Line Items]

Variable Interest Rate

2.50%

Federal Funds Rate [Member] | Mortgage Facility, Real Estate Related Debt and Acquisition Line [Member]

Debt Instrument [Line Items]

Variable Interest Rate

0.50%

[1]	Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt
[2]	Represents the incremental impact of the accounting for convertible debt as primarily codified in ASC 470, Debt.

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Assets:
Interest Rate Derivative Assets, at Fair Value	$ 2,800
Liabilities:
Interest rate derivative financial instruments	28,100
Level 1[Member] \| Demand Obligation [Member]
Assets:
Available-for-sale Securities	0	$ 0
Level 1[Member] \| Fair Value, Measurements, Recurring [Member]
Assets:
Interest Rate Derivative Assets, at Fair Value	0
Assets, Fair Value Disclosure	0	0
Liabilities:
Interest rate derivative financial instruments	0	0
Liabilities, Fair Value Disclosure	0	0
Level 2 [Member] \| Demand Obligation [Member]
Assets:
Available-for-sale Securities	60
Assets, Fair Value Disclosure		616
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Assets:
Interest Rate Derivative Assets, at Fair Value	2,785
Assets, Fair Value Disclosure	2,845	616
Liabilities:
Interest rate derivative financial instruments	28,116	43,089
Liabilities, Fair Value Disclosure	28,116	43,089
Total [Member] \| Demand Obligation [Member]
Assets:
Available-for-sale Securities	60	616
Total [Member] \| Fair Value, Measurements, Recurring [Member]
Assets:
Interest Rate Derivative Assets, at Fair Value	2,785
Assets, Fair Value Disclosure	2,845	616
Liabilities:
Interest rate derivative financial instruments	28,116	43,089
Liabilities, Fair Value Disclosure	$ 28,116	$ 43,089

Commitments and Contingencies (Details Textual) $ in Millions	Jun. 30, 2013 USD ($)
Commitments and Contingencies (Textual) [Abstract]
Rental payment obligations during the remaining terms of these leases	$ 17.2

Intangible Franchise Rights and Goodwill (Details)
$ in Thousands

6 Months Ended

Jun. 30, 2013

USD ($)

Goodwill [Line Items]

Goodwill, Subsequent Recognition of Deferred Tax Asset

$ (67)

Intangible Franchise Rights

Beginning Balance

196,058

Additions through acquisitions

95,304

Disposition of Intangible Franchise Rights

(5,826)

Currency Translation

(10,563)

Ending Balance

274,973

Goodwill

Beginning Balance

582,384

^[1]

Additions through acquisitions

115,526

Dispositions of Goodwill

(4,728)

Currency translation

(12,258)

^[1]

Ending Balance

680,857

Accumulated Impairments

$ 40,300

[1]	Net of accumulated impairment of $40.3 million

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Foreign Currency Translation, Net of Tax, Beginning Balance	$ (6,126)	$ (7,969)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Marketable Securities, Net of Tax, Beginning Balance	0	8
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Beginning Balance	(26,931)	(21,275)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance	(15,800)	(25,200)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	(33,057)
Other comprehensive income, net of tax	(15,625)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	(33,057)		$ (48,682)
Accumulated Translation Adjustment [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Foreign Currency Translation, Net of Tax, Ending Balance	(32,850)	(7,975)
Other comprehensive income, net of tax	(26,724)	(6)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance	(15,832)	(25,201)
Other comprehensive income, net of tax	11,099	(3,926)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] \| Tax Benefit (Provision) [Member] \| OC before reclassifications [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance	(4,614)	4,566
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] \| Tax Benefit (Provision) [Member] \| Tax Effect reclassification [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance	(2,045)	(2,210)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] \| pre-tax reclassification [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance	12,304	(12,176)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] \| Floorplan Interest Expense [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance	4,848	5,344
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] \| Interest Expense [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance	606	550
Total [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance		(29,236)
Other comprehensive income, net of tax	(15,625)	(3,924)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance		(29,236)	(48,682)	$ (33,160)
Total [Member] \| Tax Benefit (Provision) [Member] \| OC before reclassifications [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance			(4,614)	4,566
Total [Member] \| Tax Benefit (Provision) [Member] \| Tax Effect reclassification [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance			(2,045)	(2,210)
Total [Member] \| pre-tax reclassification [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance			(14,420)	(12,174)
Total [Member] \| Floorplan Interest Expense [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance			4,848	5,344
Total [Member] \| Interest Expense [Member]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance			$ 606	$ 550
Gain (Loss) on Investments, Including Marketable Securities and Investments Held at Cost, Categories of Investments [Domain]
Changes in the balances of each component of accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Marketable Securities, Net of Tax, Ending Balance	0	16
Other comprehensive income, net of tax	$ 0	$ 8

Segement Information Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Segment Reporting Information [Line Items]
Revenues	$ 2,335,110	$ 1,895,826	$ 4,298,942	$ 3,560,571
Gross profit	341,274	285,344	641,763	545,768
Selling, general and administrative expense	251,159	214,327	484,592	413,439
Floorplan interest expense	10,873	7,863	20,237	15,482
Interest Expense, Other	9,570	9,190	18,812	18,230
Net Income (Loss) Attributable to Parent	37,388	28,625	59,506	51,742
Payments for (Proceeds from) Other Investing Activities			(574)	(396)
Assets	3,409,318		3,409,318		$ 3,023,015
U.S. [Member]
Segment Reporting Information [Line Items]
Gain (Loss) on Sale of Business	8,400		9,000
Revenues	1,881,654	1,757,634	3,603,440	3,343,854
Gross profit	290,476	269,567	563,418	520,484
Selling, general and administrative expense	210,820	201,316	420,304	392,893
Floorplan interest expense	8,645	7,546	16,941	15,028
Interest Expense, Other	9,301	9,070	18,341	17,989
Net Income (Loss) Attributable to Parent	32,209	27,300	53,674	49,477
Payments for (Proceeds from) Other Investing Activities	15,420	16,416	30,695	25,999
Intangible Assets, Net (Including Goodwill)	754,539		754,539		752,372
Assets	2,886,311		2,886,311		2,860,771
Loss from Catastrophes	11,100	2,700	11,900
Business Combination, Acquisition Related Costs			5,200
Gains (Losses) on Sales of Other Real Estate		1,100
U.K. [Member]
Segment Reporting Information [Line Items]
Revenues	207,436	138,192	378,514	216,717
Gross profit	23,744	15,777	42,915	25,284
Selling, general and administrative expense	18,570	13,011	34,606	20,546
Floorplan interest expense	421	317	727	454
Interest Expense, Other	293	120	507	241
Net Income (Loss) Attributable to Parent	2,972	1,325	4,488	2,265
Payments for (Proceeds from) Other Investing Activities	675	48	760	160
Intangible Assets, Net (Including Goodwill)	26,076		26,076		26,070
Assets	205,034		205,034		162,244
Business Combination, Acquisition Related Costs			100
Brazil [Member]
Segment Reporting Information [Line Items]
Revenues	246,020	0	316,988	0
Gross profit	27,054	0	35,430	0
Selling, general and administrative expense	21,769	0	29,682	0
Floorplan interest expense	1,807	0	2,569	0
Interest Expense, Other	(24)	0	(36)	0
Net Income (Loss) Attributable to Parent	2,207	0	1,344	0
Payments for (Proceeds from) Other Investing Activities	684	0	929	0
Intangible Assets, Net (Including Goodwill)	175,215		175,215		0
Assets	317,973		317,973		0
Business Combination, Acquisition Related Costs			1,200
Total [Member]
Segment Reporting Information [Line Items]
Revenues	2,335,110	1,895,826	4,298,942	3,560,571
Gross profit	341,274	285,344	641,763	545,768
Selling, general and administrative expense	251,159	214,327	484,592	413,439
Floorplan interest expense	10,873	7,863	20,237	15,482
Interest Expense, Other	9,570	9,190	18,812	18,230
Net Income (Loss) Attributable to Parent	37,388	28,625	59,506	51,742
Payments for (Proceeds from) Other Investing Activities	16,779	$ 16,464	32,384	$ 26,159
Intangible Assets, Net (Including Goodwill)	955,830		955,830		778,442
Assets	$ 3,409,318		$ 3,409,318		$ 3,023,015

Label	Element	Value
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1,023,350
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	$ 43.19

- Definition

The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.

+ References + Details