Group 1 Automotive (GPI) 10-Q 3 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	3 Months Ended
	Mar. 31, 2016	Apr. 30, 2016	Dec. 31, 2015
Entity Information [Line Items]
Entity Registrant Name	GROUP 1 AUTOMOTIVE INC
Entity Central Index Key	1,031,203
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		22,095,331
Common Stock, Par or Stated Value Per Share	$ 0.01		$ 0.01

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016		Dec. 31, 2015
ASSETS
Total assets	$ 4,533,846		$ 4,396,716
Total current assets	2,254,079		2,188,370
Cash and cash equivalents	22,381		13,037
Contracts-in-transit and vehicle receivables, net	209,542		252,438
Accounts and notes receivable, net	154,162		157,768
Inventories, net	1,826,531		1,737,751
Deferred income taxes			14,100
Prepaid expenses and other current assets	41,463		27,376
PROPERTY AND EQUIPMENT, net	1,063,852		1,033,981
GOODWILL	886,293	[1]	854,915
INTANGIBLE FRANCHISE RIGHTS	319,895		307,588
OTHER ASSETS	9,727		11,862
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total liabilities and stockholders’ equity	4,533,846		4,396,716
Total current liabilities	2,103,353		2,039,268
Floorplan notes payable - credit facility and other	1,239,792		1,265,719
Offset account related to floorplan notes payable - credit facility	(104,081)		(110,759)
Floorplan notes payable - manufacturer affiliates	437,672		389,071
Offset account related to floorplan notes payable - manufacturer affiliates	(30,000)		(25,500)
Current maturities of long-term debt and short-term financing	37,506		54,991
Accounts payable	327,594		280,423
Accrued expenses	194,870		185,323
LONG-TERM DEBT, net of current maturities	1,256,679		1,199,534
Deferred Tax Liabilities, Net, Noncurrent	138,984		136,644
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	43,122		31,153
OTHER LIABILITIES	78,915		71,865
STOCKHOLDERS’ EQUITY:
Total stockholders’ equity	912,793		918,252
Preferred stock, $0.01 par value, 1,000 shares authorized; none issued or outstanding	0		0
Common stock, $0.01 par value, 50,000 shares authorized; 25,708 and 25,706 issued, respectively	257		257
Additional paid-in capital	283,196		291,092
Retained earnings	955,326		926,169
Accumulated other comprehensive loss	(144,856)		(137,984)
Treasury stock, at cost; 2,700 and 2,291 shares, respectively	(181,130)		(161,282)
U.S. [Member]
ASSETS
Total assets	3,871,312		3,923,001
United Kingdom [Member]
ASSETS
Total assets	538,473		358,476
Brazil [Member]
ASSETS
Total assets	$ 124,061		$ 115,239
[1]	1) Net of accumulated impairment of $97.8 million.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
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	(25,707,958)	(25,705,888)
Treasury securities, shares	(2,699,620)	(2,291,095)

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
REVENUES:
New vehicle retail sales	$ 1,409,851	$ 1,332,724
Used vehicle retail sales	688,171	623,193
Used vehicle wholesale sales	101,592	100,192
Parts and service sales	308,592	282,189
Finance, insurance and other, net	100,149	94,556
Total revenues	2,608,355	2,432,854
COST OF SALES:
New vehicle retail sales	1,338,124	1,262,993
Used vehicle retail sales	638,971	577,072
Used vehicle wholesale sales	100,143	97,513
Parts and service sales	142,016	131,392
Total cost of sales	2,219,254	2,068,970
GROSS PROFIT	389,101	363,884
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	293,664	271,469
DEPRECIATION AND AMORTIZATION EXPENSE	12,464	11,684
ASSET IMPAIRMENTS	932	0
INCOME FROM OPERATIONS	82,041	80,731
OTHER EXPENSE:
Floorplan interest expense	(11,010)	(9,348)
Other interest expense, net	(16,929)	(13,911)
Loss on extinguishment of long-term debt		0
INCOME BEFORE INCOME TAXES	54,102	57,472
PROVISION FOR INCOME TAXES	(19,811)	(21,657)
NET INCOME	$ 34,291	$ 35,815
BASIC EARNINGS PER SHARE	$ 1.47	$ 1.47
Weighted average common shares outstanding	22,448	23,443
DILUTED EARNINGS PER SHARE	$ 1.47	$ 1.47
Weighted average common shares outstanding	22,453	23,446
CASH DIVIDENDS PER COMMON SHARE	$ 0.22	$ 0.20

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
NET INCOME	$ 34,291	$ 35,815
Other comprehensive loss, net of taxes:
Foreign currency translation adjustment	2,155	(30,594)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	2,155	(30,594)
Net unrealized loss on interest rate risk management activities, net of tax	(9,027)	(4,546)
Unrealized loss arising during the period, net of tax benefit of $6,685 and $3,907, respectively	(11,141)	(6,513)
Reclassification adjustment for loss included in interest expense, net of tax provision of $1,269 and $1,180, respectively	2,114	1,967
OTHER COMPREHENSIVE LOSS, NET OF TAXES	(6,872)	(35,140)
COMPREHENSIVE INCOME	$ 27,419	$ 675

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Tax benefit (provision) of unrealized loss on interest rate swap	$ (6,685)	$ (3,907)
Tax provision of reclassification adjustment	$ 1,269	$ 1,180

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - 3 months ended Mar. 31, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in-Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance at Dec. 31, 2015	$ 918,252	$ 257	$ 291,092	$ 926,169	$ (137,984)	$ (161,282)
Beginning balance, shares at Dec. 31, 2015		25,706
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	34,291	$ 0	0	34,291	0	0
Other comprehensive income (loss), net of tax	(6,872)	0	0	0	(6,872)	0
Treasury Stock, Value, Acquired, Cost Method	(31,945)	0	0	0	0	(31,945)
Stock Issued During Period, Value, Employee Stock Purchase Plan	1,243	$ 0	13,340	0	0	(12,097)
Stock Issued During Period, Shares, Employee Stock Purchase Plans		2
Stock-based compensation	5,444	$ 0	5,444	0	0	0
Tax effect from options exercised and the vesting of restricted shares			(53)
Cash dividends	(5,134)	0	0	(5,134)	0	0
Ending balance at Mar. 31, 2016	$ 912,793	$ 257	$ 283,196	$ 955,326	$ (144,856)	$ (181,130)
Ending balance, shares at Mar. 31, 2016		25,708

Consolidated Statement of Stoc8

Consolidated Statement of Stockholders' Equity (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Common Stock [Member]
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ (53)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 34,291	$ 35,815
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	12,464	11,684
Deferred income taxes	5,000	3,320
ASSET IMPAIRMENTS	932	0
Stock-based compensation	5,511	4,888
Amortization of debt discount and issue costs	484	899
Gain (Loss) on Disposition of Assets	590	(8)
Tax effect from excess stock-based compensation	53	(1,004)
Other	666	1,729
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Accounts payable and accrued expenses	32,180	(10,329)
Accounts and notes receivable	10,804	6,275
Inventories	(55,737)	(1,469)
Contracts-in-transit and vehicle receivables	50,262	10,487
Prepaid expenses and other assets	4,476	2,589
IncreaseDecreaseFloorPlanNotes	15,410	(6,589)
Deferred revenues	(131)	(136)
Net cash provided by (used in) operating activities	116,075	58,167
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid in acquisitions, net of cash received	(51,110)	(50,142)
Proceeds from disposition of franchises, property and equipment	13,871	1,171
Purchases of property and equipment, including real estate	(33,702)	(23,157)
Other	(106)	287
Net cash used in investing activities	(71,047)	(71,841)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facility - Floorplan Line	1,648,527	1,597,034
Repayments on credit facility - Floorplan Line	(1,666,103)	(1,641,072)
Borrowings on credit facility - acquisition line	40,000	189,933
Repayment on credit facility - acquisition line	(40,000)	(135,907)
Borrowings of other long-term debt	7,415	13,678
Principal payments of other long-term debt	(12,768)	(10,644)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs	30,331	17,600
Principal payments of long-term debt related to real estate loans	(5,538)	(6,458)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans	(1,243)	(2,140)
Repurchases of common stock, amounts based on settlement date	(31,945)	(16,175)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	(53)	1,004
Dividends paid	(5,148)	(4,892)
Net cash provided by (used in) financing activities	(36,525)	1,961
Effect of Exchange Rate on Cash and Cash Equivalents	841	(2,983)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	9,344	(14,696)
CASH AND CASH EQUIVALENTS, beginning of period	13,037	40,975
CASH AND CASH EQUIVALENTS, end of period	22,381	26,279
SUPPLEMENTAL CASH FLOW INFORMATION:
Purchases of property and equipment, including real estate, accrued in accounts payable and accrued expenses	$ 22,274	$ 10,035

Interim Financial Information

Interim Financial Information	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Information	INTERIM FINANCIAL INFORMATION Business and Organization Group 1 Automotive, Inc., a Delaware corporation, is a leading operator in the automotive retailing industry with business activities in 14 states in the United States of America ("U.S."), 19 towns in the United Kingdom ("U.K.") and three 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; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. As of March 31, 2016 , the Company’s U.S. retail network consisted of the following two regions (with the number of dealerships they comprised): (a) the East ( 37 dealerships in Alabama, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, and South Carolina), and (b) the West ( 77 dealerships in California, Kansas, Louisiana, Oklahoma, and Texas). The U.S. regional vice presidents report directly to the Company's Chief Executive Officer and are responsible for the overall performance of their regions, as well as for overseeing the market directors and dealership general managers that report to them. In addition, as of March 31, 2016 , the Company had two international regions: (a) the U.K. region, which consisted of 29 dealerships in the U.K. and (b) the Brazil region, which consisted of 17 dealerships in Brazil. The operations of the Company's international regions are structured similarly to the U.S. regions, each with a regional vice president reporting directly to the Company's Chief Executive Officer. The Company's operating results are generally subject to seasonal variations, as well as changes in the economic environment. This seasonality is generally attributable to consumer buying trends and the timing of manufacturer new vehicle model introductions. In addition, in some markets within the U.S., vehicle purchases decline during the winter months due to inclement weather. As a result, U.S. revenues and operating income are typically lower in the first and fourth quarters and higher in the second and third quarters. For the U.K., the first and third calendar quarters tend to be stronger, driven by plate change months of March and September. For Brazil, the Company expects higher volumes in the third and fourth calendar quarters. The first quarter is generally the weakest, driven by heavy consumer vacations and activities associated with Carnival. 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 the Company's 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. ("U.S. GAAP") 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 U.S. GAAP 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 any other interim period or 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, 2015 (“ 2015 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 and are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). 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 including selling new and used cars and light trucks, arranging related vehicle financing, selling service and insurance contracts, providing automotive maintenance and repair services and selling vehicle parts. The Company has three reportable segments: the U.S., which includes the activities of the Company's corporate office, the U.K. and Brazil. The reportable segments are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by its chief operating decision maker to allocate resources and assess performance. The Company's chief operating decision maker is its Chief Executive Officer. See Note 14, "Segment Information," for additional details regarding the Company's reportable segments. Variable Interest Entity In 2013, the Company entered into arrangements to provide a related-party entity, which owns and operates retail automotive dealerships, a fixed-interest-rate working capital loan and various administrative services 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 an 8% equity ownership interest in the entity. The Company 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 right 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 the assets and liabilities of the VIE as of March 31, 2016 and December 31, 2015 , as well as the results of operations of the VIE beginning on the effective date of the variable interests arrangements to March 31, 2016 . The floorplan notes payable liability of the VIE is securitized by the new and used vehicle inventory of the VIE. The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of March 31, 2016 and December 31, 2015 , are as follows (in thousands): March 31, 2016 December 31, 2015 Current assets $ 17,596 $ 12,849 Non-current assets 12,106 11,022 Total assets $ 29,702 $ 23,871 Current liabilities $ 13,950 $ 8,257 Non-current liabilities 18,820 17,064 Total liabilities $ 32,770 $ 25,321 Recently Adopted Accounting Pronouncements In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes . This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company has elected to early adopt ASU 2015-17 during the first quarter of fiscal 2016, with retrospective application. Accordingly, deferred tax assets in the amount of $14.1 million , which were previously classified as current assets at December 31, 2015, were reclassified to non-current deferred income tax liabilities on the Company's Consolidated Balance Sheets to conform to current year presentation. In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs. The amendments in the accounting standard require debt issuance costs to be presented on the balance sheet as a direct reduction from the carrying amount of the related debt liability. The amendments in this ASU are to be applied retrospectively and are effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-03 during the first quarter of fiscal 2016, with retrospective application. Accordingly, debt issuance costs in the amounts of $0.5 million and $3.6 million , which were previously classified as current and long-term assets, respectively, at December 31, 2015, were reclassified as a direct reduction from the carrying amount of the related debt liability on the Company's Consolidated Balance Sheets to conform to current year presentation. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments. The amendments in the accounting standard eliminate the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. The amendments also require that the acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The amendments in this ASU are to be applied prospectively to adjustments to provisional amounts that occur after the effective date and are effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-16 during the first quarter of fiscal 2016. The adoption of this amendment did not materially impact the Company's financial statements. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , that amends the accounting guidance on revenue recognition. The amendments in this ASU are intended to provide a framework for addressing revenue issues, improve comparability of revenue recognition practices, and improve disclosure requirements. The amendments in this accounting standard update are effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the method of adoption and the impact the provisions of the ASU will have on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory. The amendments in the accounting standard replace the lower of cost or market test with a lower of cost and net realizable value test. The amendments in this ASU should be applied prospectively and are effective for interim and annual periods beginning after December 15, 2016. Earlier application is permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption to materially impact its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The amendments in this ASU relate to the accounting of leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by leases with lease terms of more than 12 months. In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the impact the adoption of the ASU will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting. The amendment addresses several aspects of the accounting for share-based payment award transactions, including: income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows. This standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The Company is currently evaluating the impact the adoption of the ASU will have on its consolidated financial statements.

Acquisitions and Dispositions A

Acquisitions and Dispositions Acquisitions and Dispositions	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	ACQUISITIONS AND DISPOSITIONS During the three months ended March 31, 2016 , the Company acquired 12 U.K. dealerships, inclusive of 15 franchises. The purchase price for these dealerships totaled $56.1 million , including the associated real estate and goodwill. Also, included in the purchase price of $56.1 million was $3.9 million of cash received in the acquisition of the dealerships and a payable to the seller as of March 31, 2016 of $1.1 million . The purchase price has been allocated 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 respective acquisition date). In addition, during the three months ended March 31, 2016 , the Company disposed of two U.S. dealerships and two dealerships in Brazil. As a result of these U.S. and Brazil dealership dispositions, a net pretax gain of $0.9 million and a net pretax loss of $1.0 million , respectively, were recognized for the three months ended March 31, 2016 . During the three months ended March 31, 2015, the Company acquired one dealership in the U.S. and disposed of one dealership in the U.S.

Derivative Instruments and Risk

Derivative Instruments and Risk Management Activities	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT ACTIVITIES	DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT ACTIVITIES The periodic interest rates of the Revolving Credit Facility (as defined in Note 8, “Credit Facilities”) and certain variable-rate real estate related borrowings in the U.S. 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 Accounting Standards Codification ("ASC") 820, Fair Value Measurement. 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. At March 31, 2016 , 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 the three months ended March 31, 2016 or 2015 , respectively. The Company held interest rate swaps in effect as of March 31, 2016 of $617.5 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 settlemen ts of these swaps as a component of floorplan interest expense. For the three months ended March 31, 2016 and 2015 , the impact of the Company’s interest rate hedges in effect increased floorplan interest expense by $2.8 million and $2.7 million , respectively. Total floorplan interest expense was $11.0 million and $9.3 million for the three months ended March 31, 2016 and 2015 , respectively. For the three months ended March 31, 2016 , the Company entered into four interest rate swaps with an aggregate notional value of $36.2 million that were immediately effective. In addition to the $617.5 million of swaps in effect as of March 31, 2016 , the Company held 17 additional interest rate swaps with forward start dates between December 2016 and January 2019 and expiration dates between December 2019 and December 2021 . The aggregate notional value of these 17 forward-starting swaps was $850.0 million , and the weighted average interest rate was 2.3% . In addition to the four interest rate swaps entered into during the first quarter of 2016 mentioned above, four forward-starting interest rate swaps with an aggregate notional value of $200.0 million were added in the three months ended March 31, 2016 . The combination of the interest rate swaps currently in effect and these forward-starting swaps is structured such that the notional value in effect through March 2023 does not exceed $908.6 million , which is less than the Company's expectation for variable rate debt outstanding during such period. As of March 31, 2016 and December 31, 2015 , the Company reflected liabilities from interest rate risk management activities of $45.6 million and $31.2 million , respectively, in its Consolidated Balance Sheets. Included in Accumulated Other Comprehensive Loss at March 31, 2016 and 2015 were accumulated unrealized losses, net of income taxes, totaling $28.5 million and $22.5 million , respectively, related to these interest rate swaps. The following table presents the impact during the current and comparative prior year periods for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets . Amount of Unrealized Loss, Net of Tax, Recognized in Other Comprehensive Income (Loss) Three Months Ended March 31, Derivatives in Cash Flow Hedging Relationship 2016 2015 (In thousands) Interest rate swap contracts $ (11,141 ) $ (6,513 ) Amount of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations Location of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations Three Months Ended March 31, 2016 2015 (In thousands) Floorplan interest expense $ (2,758 ) $ (2,708 ) Other interest expense (625 ) (439 ) The amount expected to be reclassified out of other comprehensive income (loss) into earnings as additional floorplan interest expense or other interest expense in the next twelve months is $12.9 million .

Stock-Based Compensation Plans

Stock-Based Compensation Plans	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION PLANS	STOCK-BASED COMPENSATION PLANS The Company provides stock-based compensation benefits to employees and non-employee directors pursuant to its 2014 Long Term Incentive Plan (the "Incentive Plan"), as well as to employees pursuant to its Employee Stock Purchase Plan, as amended (the "Purchase Plan", formerly named the 1998 Employee Stock Purchase Plan). Long Term Incentive Plan The Incentive Plan provides for the grant of options (including options qualified as incentive stock options under the Internal Revenue Code of 1986 and options that are non-qualified), restricted stock, performance awards, bonus stock, and phantom stock to the Company's employees, consultants, non-employee directors and officers. The Incentive Plan expires on May 21, 2024 . The terms of the awards (including vesting schedules) are established by the Compensation Committee of the Company’s Board of Directors. As of March 31, 2016 , there were 1,265,911 shares available for issuance under the Incentive Plan. Restricted Stock Awards Under the Incentive Plan, the Company grants to non-employee directors and certain employees restricted stock awards or, at their election, restricted stock units at no cost to the recipient. Restricted stock awards qualify as participating securities as each award contains 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 upon issuance up to five years . Restricted stock units are considered vested at the time of issuance, however, since they cannot vote, they are not considered outstanding when issued. Restricted stock units settle in cash 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. The Company issues new shares or treasury shares, if available, when restricted stock vests. Compensation expense for restricted stock 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 the restricted stock awards as of March 31, 2016 , along with the changes during the three months then ended, is as follows: Awards Weighted Average Grant Date Fair Value Nonvested at December 31, 2015 893,360 $ 69.16 Granted 193,070 52.69 Vested (185,220 ) 56.51 Forfeited (5,780 ) 77.32 Nonvested at March 31, 2016 895,430 $ 68.17 Employee Stock Purchase Plan The Purchase Plan authorizes the issuance of up to 4.5 million shares of common stock and provides that no options to purchase shares may be granted under the Purchase Plan after May 19, 2025 . 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 March 31, 2016 , there were 1,373,804 shares available for issuance under the Purchase Plan. During the three months ended March 31, 2016 and 2015 , the Company issued 40,877 and 26,280 shares, respectively, of common stock to employees participating in the Purchase Plan. 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. The weighted average fair value of employee stock purchase rights issued pursuant to the Purchase Plan was $15.61 and $18.72 during the three months ended March 31, 2016 and 2015 , 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 $5.5 million and $4.9 million for the three months ended March 31, 2016 and 2015 , respectively. Cash received from Purchase Plan purchases was $2.0 million and $1.9 million for the three months ended March 31, 2016 and 2015 , respectively. The effect of tax deductions for restricted stock vested was less than the associated book expense previously recognized, which reduced additional paid-in capital by $0.1 million for the three months ended March 31, 2016 . Comparatively, the tax benefit realized for the tax deductions from vesting of restricted shares totaled $1.0 million and increased additional paid in capital for the three months ended March 31, 2015 .

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The two-class method is utilized for the computation of the Company's 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, including the Company’s restricted stock awards. 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 months ended March 31, 2016 and 2015 . Three Months Ended March 31, 2016 2015 (In thousands, except per share amounts) Weighted average basic common shares outstanding 22,448 23,443 Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock 5 3 Weighted average dilutive common shares outstanding 22,453 23,446 Basic: Net Income $ 34,291 $ 35,815 Less: Earnings allocated to participating securities 1,348 1,388 Earnings available to basic common shares $ 32,943 $ 34,427 Basic earnings per common share $ 1.47 $ 1.47 Diluted: Net Income $ 34,291 $ 35,815 Less: Earnings allocated to participating securities 1,348 1,388 Earnings available to diluted common shares $ 32,943 $ 34,427 Diluted earnings per common share $ 1.47 $ 1.47

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
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 Company's effective income tax rate of 36.6% of pretax income for the three months ended March 31, 2016 differed from the U.S. federal statutory rate of 35.0% due primarily to taxes provided for in U.S. state and foreign jurisdictions in which the Company operates, as well as valuation allowances provided for net operating losses in certain U.S. states and in Brazil. For the three months ended March 31, 2016 , the Company's effective tax rate decreased to 36.6% compared to 37.7% for the same period in 2015 . This decrease was primarily due to the mixed effect resulting from proportionately more pretax income generated in the Company's U.K. region, partially offset by valuation allowances provided for net operating losses in certain U.S. states and in Brazil. As of March 31, 2016 and December 31, 2015 , 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 three months ended March 31, 2016 . When applicable, consistent with prior practice, the Company recognizes interest and penalties related to uncertain tax positions in income tax expense. Taxable years 2011 and subsequent remain open for examination by the Company’s major taxing jurisdictions.

Detail of Certain Balance Sheet

Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts	3 Months Ended
	Mar. 31, 2016
Balance Sheet Related Disclosures [Abstract]
Detail Of Certain Balance Sheet Accounts	DETAIL OF CERTAIN BALANCE SHEET ACCOUNTS Accounts and notes receivable consisted of the following: March 31, 2016 December 31, 2015 (unaudited) (In thousands) Amounts due from manufacturers $ 89,279 $ 93,206 Parts and service receivables 34,793 32,479 Finance and insurance receivables 19,892 22,374 Other 12,988 12,913 Total accounts and notes receivable 156,952 160,972 Less allowance for doubtful accounts 2,790 3,204 Accounts and notes receivable, net $ 154,162 $ 157,768 Inventories consisted of the following: March 31, 2016 December 31, 2015 (unaudited) (In thousands) New vehicles $ 1,304,103 $ 1,262,797 Used vehicles 309,969 275,508 Rental vehicles 145,780 134,509 Parts, accessories and other 74,133 72,917 Total inventories 1,833,985 1,745,731 Less lower of cost or market reserves 7,454 7,980 Inventories, net $ 1,826,531 $ 1,737,751 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 (determined on either a first-in, first-out or an average cost basis) or market. Property and equipment consisted of the following: Estimated Useful Lives in Years March 31, 2016 December 31, 2015 (unaudited) (dollars in thousands) Land — $ 374,545 $ 364,475 Buildings 30 to 50 511,857 505,414 Leasehold improvements varies 159,267 155,585 Machinery and equipment 7 to 20 95,613 90,993 Furniture and fixtures 3 to 10 86,683 82,688 Company vehicles 3 to 5 11,890 11,603 Construction in progress — 68,178 58,361 Total 1,308,033 1,269,119 Less accumulated depreciation 244,181 235,138 Property and equipment, net $ 1,063,852 $ 1,033,981 During the three months ended March 31, 2016 , the Company incurred $20.7 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, excluding $32.7 million of capital expenditures accrued as of December 31, 2015 . As of March 31, 2016 , the Company had accrued $22.3 million of capital expenditures. In addition, the Company purchased real estate (including land and buildings) during the three months ended March 31, 2016 associated with existing dealership operations totaling $2.6 million . And, in conjunction with the acquisition of dealerships and franchises in the three months ended March 31, 2016 , the Company acquired $26.2 million of real estate and other property and equipment. As of March 31, 2016 and December 31, 2015 , the Company determined that certain real estate investments qualified for held-for-sale treatment. As a result, the Company classified the carrying value after adjustment to estimated fair market value of the real estate, totaling $3.6 million and $1.4 million , respectively, in prepaid and other current assets in its Consolidated Balance Sheets.

Credit Facilities

Credit Facilities	3 Months Ended
	Mar. 31, 2016
Line of Credit Facility [Abstract]
CREDIT FACILITIES	CREDIT FACILITIES In the U.S., the Company has a $1.7 billion revolving syndicated credit arrangement that matures on June 20, 2018 and is comprised of 24 financial institutions, including six manufacturer-affiliated finance companies (“Revolving Credit Facility”). The Company also has a $300.0 million floorplan financing arrangement (“FMCC Facility”) with Ford Motor Credit Company (“FMCC”) for financing of new Ford vehicles in the U.S. and other floorplan financing arrangements with several other automobile manufacturers for financing of a portion of its U.S. 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 related to the purchase of vehicles whereby financing is provided by the FMCC Facility, the financing of a portion of the Company's 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 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 aforementioned limits. Up to $125.0 million of the Acquisition Line can be borrowed in either euros or British pound sterling. The Revolving Credit Facility can be expanded to a maximum commitment of $1.95 billion , subject to participating lender approval. The Floorplan Line bears interest at rates equal to the LIBOR plus 125 basis points for new vehicle inventory and the LIBOR plus 150 basis points for used vehicle inventory. The Acquisition Line bears interest at the LIBOR plus 150 basis points plus a margin that ranges from zero to 100 basis points , depending on the Company's total adjusted leverage ratio, for borrowings in U.S. dollars and a LIBOR equivalent plus 150 to 250 basis points , depending on the Company's total adjusted leverage ratio, on borrowings in euros or British pound sterling. The Floorplan Line requires a commitment fee of 0.20% per annum on the unused portion. 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 . The Acquisition Line also 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 $3.4 million of related unamortized costs as of March 31, 2016 , which are included in Prepaid expenses and other current assets and Other Assets on the accompanying Consolidated Balance Sheets and amortized over the term of the facility. After considering the outstanding balance of $1,133.3 million at March 31, 2016 , the Company had $246.7 million of available floorplan borrowing capacity under the Floorplan Line. Included in the $246.7 million available borrowings under the Floorplan Line was $104.1 million of immediately available funds. The weighted average interest rate on the Floorplan Line was 1.7% as of March 31, 2016 and December 31, 2015 , excluding the impact of the Company’s interest rate swaps. With regards to the Acquisition Line, there were no borrowings outstanding as of March 31, 2016 and December 31, 2015 . After considering $37.1 million of outstanding letters of credit and other factors included in the Company’s available borrowing base calculation, there was $282.9 million of available borrowing capacity under the Acquisition Line as of March 31, 2016 . The amount of available borrowing capacity under the Acquisition Line is limited from time to time based upon certain debt covenants. All of the U.S. 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 U.S. personal property (other than equity interests in dealership-owning subsidiaries), including all motor vehicle inventory and proceeds from the disposition of dealership-owning subsidiaries, excluding inventory financed directly with manufacturer-affiliates and other third-party financing institutions. 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 the fixed charge coverage, total adjusted leverage, and senior secured adjusted leverage ratios. 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 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 (“Credit Facility Restricted Payment Basket”). For purposes of the calculation of the Credit Facility 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 March 31, 2016 , the Credit Facility Restricted Payment Basket totaled $122.7 million . As of March 31, 2016 , 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 in the U.S., including affiliated brands. This arrangement provides for $300.0 million of floorplan financing and is an evergreen arrangement that may be canceled with 30 days ' notice by either party. As of March 31, 2016 , the Company had an outstanding balance of $182.9 million under the FMCC Facility with an available floorplan borrowing capacity of $117.1 million . Included in the $117.1 million available borrowings under the FMCC Facility was $30.0 million of immediately available funds. This facility bears interest at a rate of Prime plus 150 basis points minus certain incentives. The interest rate on the FMCC Facility was 5.00% before considering the applicable incentives as of March 31, 2016 . 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 denominated in British pound sterling and 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. The annual interest rates charged on borrowings outstanding under these facilities range from 1.73% to 3.95% . As of March 31, 2016 . borrowings outstanding under these facilities totaled $103.4 million . 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 are denominated in Brazilian real and 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. The annual interest rates charged on borrowings outstanding under these facilities, after the grace period of zero to 90 days, range from 16.77% to 25.05% . As of March 31, 2016 , borrowings outstanding under these facilities totaled $10.0 million . Excluding rental vehicles financed through the Revolving Credit Facility, financing for U.S. 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. The interest rate charged on borrowings related to the Company’s rental vehicle fleet varies up to 5.00% . Rental vehicles are typically transferred to used vehicle inventory when they are removed from service and repayment of the borrowing is required at that time. As of March 31, 2016 . borrowings outstanding under these facilities totaled $111.3 million .

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT The Company carries its long-term debt at face value, net of applicable discounts and capitalized debt issuance costs. Long-term debt consisted of the following: March 31, 2016 December 31, 2015 (dollars in thousands) 5.00% Senior Notes (aggregate principal of $550,000 at March 31, 2016 and December 31, 2015) $ 539,309 $ 538,933 5.25% Senior Notes (aggregate principal of $300,000 at March 31, 2016 and December 31, 2015) 295,186 295,156 Real Estate Related and Other Long-Term Debt 398,509 365,564 Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.7% and 9.8%, respectively 50,883 51,902 1,283,887 1,251,555 Less current maturities of other long-term debt 27,208 52,021 $ 1,256,679 $ 1,199,534 Included in current maturities of long-term debt and short-term financing in the Company's Consolidated Balance Sheets as of March 31, 2016 , and December 31, 2015 , was $10.3 million and $3.0 million , respectively, of short-term financing that was due within one year. 5.00% Senior Notes On June 2, 2014, the Company issued $350.0 million aggregate principal amount of its 5.00% Senior Notes due 2022(" 5.00% Notes") . Subsequently, on September 9, 2014, the Company issued an additional $200.0 million of 5.00% Notes at a discount of 1.5% from face value. The 5.00% Notes will mature on June 1, 2022 and pay interest semiannually, in arrears, in cash on each June 1 and December 1, beginning December 1, 2014. Using proceeds of certain equity offerings, the Company may redeem up to 35.0% of the 5.00% Notes prior to June 1, 2017, subject to certain conditions, at a redemption price equal to 105% of principal amount of the 5.00% Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the 5.00% Notes prior to June 1, 2017 at a redemption price equal to 100% of the principal amount of the 5.00% Notes redeemed, plus an applicable premium, and plus accrued and unpaid interest. On or after June 1, 2017, the Company may redeem some or all of the 5.00% Notes at specified prices, plus accrued and unpaid interest. The Company may be required to purchase the 5.00% Notes if it sells certain assets or triggers the change in control provisions defined in the 5.00% Notes indenture. The 5.00% Notes are senior unsecured obligations and rank equal in right of payment to all of the Company's existing and future senior unsecured debt and senior in right of payment to all of its future subordinated debt. The 5.00% Notes are guaranteed by substantially all of the Company's U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company's U.S. subsidiary guarantor’s existing and future subordinated debt. In addition, the 5.00% Notes are structurally subordinated to the liabilities of its non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket under the terms of the 5.00% Notes is less restrictive than the Credit Facility Restricted Payment Basket. The 5.00% Notes were registered with the Securities and Exchange Commission in June 2015. The underwriters' fees, discount and capitalized debt issuance costs relative to the 5.00% Notes totaled $13.1 million . These amounts are included as a direct reduction of the 5.00% Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of eight years. The 5.00% Notes are presented net of unamortized underwriters' fees, discount and debt issuance costs of $10.7 million as of March 31, 2016 . 5.25% Senior Notes On December 8, 2015, the Company issued 5.25% senior unsecured notes with a face amount of $300.0 million due to mature on December 15, 2023 (“5.25% Notes”). The 5.25% Notes pay interest semiannually, in arrears, in cash on each June 15 and December 15, beginning June 15, 2016. Using proceeds of certain equity offerings, the Company may redeem up to 35.0% of the 5.25% Notes prior to December 15, 2018, subject to certain conditions, at a redemption price equal to 105.25% of principal amount of the 5.25% Notes plus accrued and unpaid interest. Otherwise, the Company may redeem some or all of the 5.25% Notes prior to December 15, 2018 at a redemption price equal to 100% of the principal amount of the 5.25% Notes redeemed, plus an applicable make-whole premium, and plus accrued and unpaid interest. On or after December 15, 2018, the Company may redeem some or all of the 5.25% Notes at specified prices, plus accrued and unpaid interest. The Company may be required to purchase the 5.25% Notes if it sells certain assets or triggers the change in control provisions defined in the 5.25% Notes indenture. The 5.25% Notes are senior unsecured obligations and rank equal in right of payment to all of the Company’s existing and future senior unsecured debt and senior in right of payment to all of its future subordinated debt. The 5.25% Notes are guaranteed by substantially all of the Company’s U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company’s U.S. subsidiary guarantor’s existing and future subordinated debt. In addition, the 5.25% Notes are structurally subordinated to the liabilities of its non-guarantor subsidiaries and are subject to customary covenants, including a restricted payment basket and debt limitations. The restricted payment basket under the terms of the 5.25% Notes is less restrictive than the Credit Facility Restricted Payment Basket. The underwriters' fees and capitalized debt issuance costs relative to the 5.25% Notes totaled $5.0 million . These amounts are included as a direct reduction of the 5.25% Notes on the accompanying Consolidated Balance Sheets and are being amortized over a period of eight years . The 5.25% Notes are presented net of unamortized underwriters' fees and debt issuance costs of $4.8 million as of March 31, 2016 . Acquisition Line See Note 8, "Credit Facilities," for further discussion on the Company's Revolving Credit Facility and Acquisition Line. Real Estate Related and Other Long-Term Debt The Company, as well as certain of its wholly-owned subsidiaries, has entered into separate term mortgage loans in the U.S. with three of its manufacturer-affiliated finance partners, Toyota Motor Credit Corporation (“TMCC”), BMW Financial Services NA, LLC (“BMWFS”) and FMCC, as well as 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 3.00% and 4.69% , and at variable indexed rates plus a spread between 1.50% and 2.50% per annum. The Company capitalized $2.7 million of related debt issuance costs related to the Real Estate Notes which are included as a direct reduction to the Real Estate Notes on the accompanying Consolidated Balance Sheets and are being amortized over the terms of the notes, $0.8 million of which remained unamortized as of March 31, 2016 . The Real Estate Notes consist of 54 term loans for an aggregate principal amount of $351.1 million . As of March 31, 2016, borrowings outstanding under these notes totaled $323.0 million , with $17.3 million classified as a current maturity of long-term debt. For the three months ended March 31, 2016, the Company made additional net borrowings and principal payments of $30.3 million and $3.4 million , respectively. The agreements provide for monthly payments based on 15 or 20 -year amortization schedules and mature between May 2017 and December 2024 . These Real Estate Notes are cross-collateralized and cross-defaulted with each other. During the three months ended March 31, 2016 , the Company divided one of the Real Estate Notes with third-party financial institutions into two separate notes, refinancing the mortgages and increasing the collective balance outstanding from $54.3 million to $84.7 million . The Company has entered into 13 separate term mortgage loans in the U.K. with other third-party financial institutions which are secured by the Company’s U.K. properties. These mortgage loans (collectively, “U.K. Notes”) are being repaid in monthly installments and will mature by September 2034 . As of March 31, 2016 , borrowings under the U.K. Notes totaled $62.5 million , with $5.0 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. For the three months ended March 31, 2016 , the Company assumed $8.3 million of term mortgage loans in conjunction with U.K. dealership acquisitions, made no additional borrowings and made principal payments of $1.2 million . The Company has entered into a separate term mortgage loan in Brazil with a third-party financial institution to finance the purchase and construction of dealership properties (the "Brazil Note"). The Brazil Note is secured by the Company’s Brazilian properties as purchased and/or constructed, as well as a guarantee from the Company. The Brazil Note is being repaid in monthly installments that will mature by April 2025 . As of March 31, 2016 , borrowings under the Brazil Note totaled $3.8 million , with $0.3 million classified as a current maturity of long-term debt in the accompanying Consolidated Balance Sheets. The Company also has working capital loan agreements with third-party financial institutions in Brazil. The principal balance on these loans is due by February 2017 with interest only payments being made until the due date. As of March 31, 2016 , borrowings under the Brazilian third-party loans totaled $6.1 million . For the three months ended March 31, 2016 , the Company made no additional borrowings. Fair Value of Long-Term Debt The Company's outstanding 5.00% Notes had a fair value of $545.9 million as of March 31, 2016 and December 31, 2015 . The Company's outstanding 5.25% Notes had a fair value of $298.5 million and $297.8 million as of March 31, 2016 and December 31, 2015 , respectively. The Company's fixed interest rate borrowings included in real estate related and other long-term debt totaled $99.4 million and $100.7 million as of March 31, 2016 and December 31, 2015 , respectively. The fair value of such fixed interest rate borrowings was $100.5 million and $102.4 million as of March 31, 2016 and December 31, 2015 , respectively. The fair value estimates are based on Level 2 inputs of the fair value hierarchy available as of March 31, 2016 and December 31, 2015 . 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. The carrying value of the Company’s variable rate debt approximates fair value due to the short-term nature of the interest rates.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS 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; and 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 evaluated its assets and liabilities for those that met the criteria of the disclosure requirements and fair value framework of ASC 820 and identified demand obligations, interest rate derivative instruments, and investment balances in certain financial institutions as having met such criteria. 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. In addition, the Company maintains an investment balance with certain of the financial institutions in Brazil that provide credit facilities for the financing of new, used and rental vehicle inventories. The investment balances bear interest at a variable rate and are redeemable by the Company in the future under certain conditions. The Company has classified these investment balances as other current and long-term assets 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. See Note 9, "Long-term Debt" for details regarding the fair value of the Company's long-term debt. Assets and liabilities recorded at fair value in the accompanying balance sheets as of March 31, 2016 and December 31, 2015 , respectively, were as follows: As of March 31, 2016 Level 1 Level 2 Total (In thousands) Assets: Investments $ — $ 4,332 $ 4,332 Demand obligations $ — $ 131 $ 131 Total $ — $ 4,463 $ 4,463 Liabilities: Interest rate derivative financial instruments $ — $ 45,566 $ 45,566 Total $ — $ 45,566 $ 45,566 As of December 31, 2015 Level 1 Level 2 Total (In thousands) Assets: Investments $ — $ 4,235 $ 4,235 Demand obligations $ — $ 131 $ 131 Interest rate derivative financial instruments $ — $ 31 $ 31 Total $ — $ 4,397 $ 4,397 Liabilities: Interest rate derivative financial instruments $ — $ 31,153 $ 31,153 Total $ — $ 31,153 $ 31,153

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
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 selling, general and administrative 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 sublet to the dealership purchaser the subsidiaries’ interests in any real property leases associated with such dealerships and continue to be primarily obligated on the lease. In these situations, the Company’s subsidiaries retain primary responsibility for the performance of certain obligations under such leases. To the extent that the Company remains primarily responsible under such leases, a quantification of such lease obligations is included in the Company's disclosure of future minimum lease payments for non-cancelable operating leases in Note 18, Operating Leases of the 2015 Form 10-K. In certain instances, also in connection with dealership dispositions, the Company’s subsidiaries assign to the dealership purchaser the subsidiaries’ interests in any real property leases associated with such dealerships. The Company’s subsidiaries may retain secondary responsibility for the performance of certain obligations under such leases to the extent that the assignee does not perform, if such performance is required following the assignment of the lease. Additionally, the Company and its subsidiaries may remain subject to the terms of a guaranty made by the Company and its subsidiaries in connection with such leases. In these circumstances, the Company generally has indemnification rights against the assignee in the event of non-performance under these leases, as well as certain defenses. 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, potential environmental liabilities are generally known at the time of the sale of the dealership if not previously remediated. 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. Although not estimated to be material, 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.

Intangible Franchise Rights and

Intangible Franchise Rights and Goodwill	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE FRANCHISE RIGHTS AND GOODWILL	INTANGIBLE FRANCHISE RIGHTS AND GOODWILL The following is a roll-forward of the Company’s intangible franchise rights and goodwill accounts by reportable segment: Intangible Franchise Rights U.S. U.K. Brazil Total (In thousands) BALANCE, December 31, 2015 $ 285,659 $ 7,773 $ 14,156 $ 307,588 Additions through acquisitions — 11,258 — 11,258 Currency translation — (403 ) 1,452 1,049 BALANCE, March 31, 2016 $ 285,659 $ 18,628 $ 15,608 $ 319,895 Goodwill U.S. U.K. Brazil Total (In thousands) BALANCE, December 31, 2015 $ 809,775 $ 35,320 $ 9,820 $ 854,915 (1) Additions through acquisitions — 34,123 — 34,123 Purchase price allocation adjustments 51 — — 51 Disposals (2,035 ) — (191 ) (2,226 ) Currency translation — (1,566 ) 1,002 (564 ) Tax adjustments (6 ) — — (6 ) BALANCE, March 31, 2016 $ 807,785 $ 67,877 $ 10,631 $ 886,293 (1) (1) Net of accumulated impairment of $97.8 million .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	ACCUMULATED OTHER COMPREHENSIVE LOSS Changes in the balances of each component of accumulated other comprehensive loss for the three months ended March 31, 2016 and 2015 were as follows: Three Months Ended March 31, 2016 Accumulated foreign currency translation loss Accumulated loss on interest rate swaps Total (In thousands) Balance, December 31, 2015 $ (118,532 ) $ (19,452 ) $ (137,984 ) Other comprehensive income (loss) before reclassifications: Pre-tax 2,155 (17,826 ) (15,671 ) Tax effect — 6,685 6,685 Amounts reclassified from accumulated other comprehensive loss to: Floorplan interest expense — 2,758 2,758 Other interest expense — 625 625 Tax effect — (1,269 ) (1,269 ) Net current period other comprehensive income (loss) 2,155 (9,027 ) (6,872 ) Balance, March 31, 2016 $ (116,377 ) $ (28,479 ) $ (144,856 ) Three Months Ended March 31, 2015 Accumulated foreign currency translation loss Accumulated loss on interest rate swaps Total (In thousands) Balance, December 31, 2014 $ (64,075 ) $ (17,909 ) $ (81,984 ) Other comprehensive income (loss) before reclassifications: Pre-tax (30,594 ) (10,420 ) (41,014 ) Tax effect — 3,907 3,907 Amounts reclassified from accumulated other comprehensive loss to: Floorplan interest expense — 2,708 2,708 Other interest expense — 439 439 Tax effect — (1,180 ) (1,180 ) Net current period other comprehensive loss (30,594 ) (4,546 ) (35,140 ) Balance, March 31, 2015 $ (94,669 ) $ (22,455 ) $ (117,124 )

Segment Information Segment Inf

Segment Information Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION As of March 31, 2016 , 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 and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. 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. Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three months ended March 31, 2016 and 2015 : Three Months Ended March 31, 2016 U.S. U.K. Brazil Total (In thousands) Total revenues $ 2,081,632 $ 431,896 $ 94,827 $ 2,608,355 Income (loss) before income taxes 50,204 5,520 (1,622 ) 54,102 (Provision) benefit for income taxes (18,830 ) (1,170 ) 189 (19,811 ) Net income (loss) $ 31,374 (1 ) $ 4,350 $ (1,433 ) $ 34,291 Three Months Ended March 31, 2015 U.S. U.K. Brazil Total (In thousands) Total revenues $ 1,998,500 $ 299,541 $ 134,813 $ 2,432,854 Income (loss) before income taxes 53,156 5,121 (805 ) 57,472 Provision for income taxes (20,361 ) (999 ) (297 ) (21,657 ) Net income (loss) $ 32,795 $ 4,122 $ (1,102 ) $ 35,815 (1) Includes the following, after tax: loss due to catastrophic events of $1.7 million . Reportable segment total assets as of March 31, 2016 and December 31, 2015 were as follows: As of March 31, 2016 U.S. U.K. Brazil Total (In thousands) Total assets $ 3,871,312 $ 538,473 $ 124,061 $ 4,533,846 As of December 31, 2015 U.S. U.K. Brazil Total (In thousands) Total assets $ 3,923,001 $ 358,476 $ 115,239 $ 4,396,716

Condensed Consolidated Financia

Condensed Consolidated Financial Information Condensed Consolidated Financial Information	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information [Text Block]	15. CONDENSED CONSOLIDATING FINANCIAL INFORMATION The following tables include condensed consolidating financial information as of March 31, 2016 and December 31, 2015 , and for the three months ended March 31, 2016 and 2015 , for Group 1 Automotive, Inc.’s (as issuer of the 5.00% Notes), guarantor subsidiaries and non-guarantor subsidiaries (representing foreign entities). The condensed consolidating financial information includes certain allocations of balance sheet, statement of operations and cash flows items that are not necessarily indicative of the financial position, results of operations or cash flows of these entities had they operated on a stand-alone basis. CONDENSED CONSOLIDATED BALANCE SHEET March 31, 2016 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Elimination Total Company (In thousands) ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 5,366 $ 17,015 $ — $ 22,381 Contracts-in-transit and vehicle receivables, net — 160,229 49,313 — 209,542 Accounts and notes receivable, net — 115,308 38,854 — 154,162 Intercompany accounts receivable — 2,874 — (2,874 ) — Inventories, net — 1,573,643 252,888 — 1,826,531 Prepaid expenses and other current assets 512 10,528 30,423 — 41,463 Total current assets 512 1,867,948 388,493 (2,874 ) 2,254,079 PROPERTY AND EQUIPMENT, net — 919,728 144,124 — 1,063,852 GOODWILL — 807,785 78,508 — 886,293 INTANGIBLE FRANCHISE RIGHTS — 285,660 34,235 — 319,895 INVESTMENT IN SUBSIDIARIES 2,535,020 — — (2,535,020 ) — OTHER ASSETS — 5,676 4,051 — 9,727 Total assets $ 2,535,532 $ 3,886,797 $ 649,411 $ (2,537,894 ) $ 4,533,846 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Floorplan notes payable — credit facility and other $ — $ 1,237,352 $ 2,440 $ — $ 1,239,792 Offset account related to floorplan notes payable - credit facility — (104,081 ) — — (104,081 ) Floorplan notes payable — manufacturer affiliates — 324,274 113,398 — 437,672 Offset account related to floorplan notes payable - manufacturer affiliates — (30,000 ) — — (30,000 ) Current maturities of long-term debt and short-term financing — 21,812 15,694 — 37,506 Accounts payable — 167,504 160,090 — 327,594 Intercompany accounts payable 643,837 — 2,874 (646,711 ) — Accrued expenses — 169,222 25,648 — 194,870 Total current liabilities 643,837 1,786,083 320,144 (646,711 ) 2,103,353 LONG-TERM DEBT, net of current maturities 834,495 351,901 70,283 — 1,256,679 LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES — 43,122 — — 43,122 DEFERRED INCOME TAXES AND OTHER LIABILITIES (451 ) 207,756 10,594 — 217,899 STOCKHOLDERS’ EQUITY: Group 1 stockholders’ equity 1,057,651 2,141,772 248,390 (2,535,020 ) 912,793 Intercompany note receivable — (643,837 ) — 643,837 — Total stockholders’ equity 1,057,651 1,497,935 248,390 (1,891,183 ) 912,793 Total liabilities and stockholders’ equity $ 2,535,532 $ 3,886,797 $ 649,411 $ (2,537,894 ) $ 4,533,846 CONDENSED CONSOLIDATED BALANCE SHEET December 31, 2015 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Elimination Total Company (In thousands) ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 6,338 $ 6,699 $ — $ 13,037 Contracts-in-transit and vehicle receivables, net — 233,275 19,163 — 252,438 Accounts and notes receivable, net — 132,078 25,690 — 157,768 Intercompany accounts receivable — 1,192 — (1,192 ) — Inventories, net — 1,533,166 204,585 — 1,737,751 Prepaid expenses and other current assets 5,312 8,946 13,118 — 27,376 Total current assets 5,312 1,914,995 269,255 (1,192 ) 2,188,370 PROPERTY AND EQUIPMENT, net — 916,338 117,643 — 1,033,981 GOODWILL — 809,775 45,140 — 854,915 INTANGIBLE FRANCHISE RIGHTS — 285,659 21,929 — 307,588 INVESTMENT IN SUBSIDIARIES 2,388,081 — — (2,388,081 ) — OTHER ASSETS — 5,950 5,912 — 11,862 Total assets $ 2,393,393 $ 3,932,717 $ 459,879 $ (2,389,273 ) $ 4,396,716 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Floorplan notes payable — credit facility and other $ — $ 1,261,606 $ 4,113 $ — $ 1,265,719 Offset account related to floorplan notes payable - credit facility — (110,759 ) — — (110,759 ) Floorplan notes payable — manufacturer affiliates — 303,810 85,261 — 389,071 Offset account related to floorplan notes payable - manufacturer affiliates — (25,500 ) — — (25,500 ) Current maturities of long-term debt and short-term financing — 47,015 7,976 — 54,991 Accounts payable — 178,544 101,879 — 280,423 Intercompany accounts payable 503,333 — 1,192 (504,525 ) — Accrued expenses — 167,509 17,814 — 185,323 Total current liabilities 503,333 1,822,225 218,235 (504,525 ) 2,039,268 LONG-TERM DEBT, net of current maturities 834,090 300,788 64,656 — 1,199,534 LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES — 31,153 — — 31,153 DEFERRED INCOME TAXES AND OTHER LIABILITIES (265 ) 203,824 4,950 — 208,509 STOCKHOLDERS’ EQUITY: Group 1 stockholders’ equity 1,056,235 2,078,060 172,038 (2,388,081 ) 918,252 Intercompany note receivable — (503,333 ) — 503,333 — Total stockholders’ equity 1,056,235 1,574,727 172,038 (1,884,748 ) 918,252 Total liabilities and stockholders’ equity $ 2,393,393 $ 3,932,717 $ 459,879 $ (2,389,273 ) $ 4,396,716 CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended March 31, 2016 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Elimination Total Company (In thousands) REVENUES: $ — $ 2,081,633 $ 526,722 $ — $ 2,608,355 COST OF SALES: — 1,748,923 470,331 — 2,219,254 GROSS PROFIT — 332,710 56,391 — 389,101 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,203 243,014 49,447 — 293,664 DEPRECIATION AND AMORTIZATION EXPENSE — 10,596 1,868 — 12,464 ASSET IMPAIRMENTS — 509 423 — 932 INCOME FROM OPERATIONS (1,203 ) 78,591 4,653 — 82,041 OTHER EXPENSE: Floorplan interest expense — (10,048 ) (962 ) — (11,010 ) Other interest expense, net — (16,052 ) (877 ) — (16,929 ) INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES (1,203 ) 52,491 2,814 — 54,102 BENEFIT (PROVISION) FOR INCOME TAXES 450 (19,281 ) (980 ) — (19,811 ) EQUITY IN EARNINGS OF SUBSIDIARIES 35,044 — — (35,044 ) — NET INCOME (LOSS) $ 34,291 $ 33,210 $ 1,834 $ (35,044 ) $ 34,291 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES — (9,027 ) 2,155 — (6,872 ) COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT $ 34,291 $ 24,183 $ 3,989 $ (35,044 ) $ 27,419 CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended March 31, 2015 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Elimination Total Company (In thousands) REVENUES: $ — $ 1,998,500 $ 434,354 $ — $ 2,432,854 COST OF SALES: — 1,684,012 384,958 — 2,068,970 GROSS PROFIT — 314,488 49,396 — 363,884 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,231 227,472 42,766 — 271,469 DEPRECIATION AND AMORTIZATION EXPENSE — 10,118 1,566 — 11,684 ASSET IMPAIRMENTS — — — — — INCOME FROM OPERATIONS (1,231 ) 76,898 5,064 — 80,731 OTHER EXPENSE: Floorplan interest expense — (8,519 ) (829 ) — (9,348 ) Other interest expense, net 592 (12,723 ) (1,780 ) — (13,911 ) INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES (639 ) 55,656 2,455 — 57,472 BENEFIT (PROVISION) FOR INCOME TAXES 240 (20,602 ) (1,295 ) — (21,657 ) EQUITY IN EARNINGS OF SUBSIDIARIES 36,214 — — (36,214 ) — NET INCOME (LOSS) $ 35,815 $ 35,054 $ 1,160 $ (36,214 ) $ 35,815 OTHER COMPREHENSIVE LOSS, NET OF TAXES — (4,546 ) (30,594 ) — (35,140 ) COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT $ 35,815 $ 30,508 $ (29,434 ) $ (36,214 ) $ 675 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Three Months Ended March 31, 2016 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Company (In thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ 34,292 $ 85,665 $ (3,882 ) $ 116,075 CASH FLOWS FROM INVESTING ACTIVITIES: Cash paid in acquisitions, net of cash received — — (51,110 ) (51,110 ) Proceeds from disposition of franchises, property and equipment — 12,681 1,190 13,871 Purchases of property and equipment, including real estate — (29,121 ) (4,581 ) (33,702 ) Other — (255 ) 149 (106 ) Net cash used in investing activities — (16,695 ) (54,352 ) (71,047 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings on credit facility - floorplan line and other — 1,648,527 — 1,648,527 Repayments on credit facility - floorplan line and other — (1,666,103 ) — (1,666,103 ) Borrowings on credit facility - acquisition line 40,000 — — 40,000 Repayment on credit facility - acquisition line (40,000 ) — — (40,000 ) Borrowings on other debt — — 7,415 7,415 Principal payments on other debt — (230 ) (12,538 ) (12,768 ) Borrowings on debt related to real estate, net of debt issue costs — 30,331 — 30,331 Principal payments on debt related to real estate — (4,325 ) (1,213 ) (5,538 ) Employee stock purchase plan purchases, net of employee tax withholdings (1,243 ) — — (1,243 ) Repurchases of common stock, amounts based on settlement date (31,945 ) — — (31,945 ) Tax effect from stock-based compensation — (53 ) — (53 ) Dividends paid (5,148 ) — — (5,148 ) Borrowings (repayments) with subsidiaries 150,983 (152,665 ) 1,682 — Investment in subsidiaries (146,939 ) 74,576 72,363 — Distributions to parent — — — — Net cash (used in) provided by financing activities (34,292 ) (69,942 ) 67,709 (36,525 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH — — 841 841 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — (972 ) 10,316 9,344 CASH AND CASH EQUIVALENTS, beginning of period — 6,338 6,699 13,037 CASH AND CASH EQUIVALENTS, end of period $ — $ 5,366 $ 17,015 $ 22,381 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Three Months Ended March 31, 2015 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Company (In thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net cash (used in) provided by operating activities $ (399 ) $ 57,971 $ 595 $ 58,167 CASH FLOWS FROM INVESTING ACTIVITIES: Cash paid in acquisitions, net of cash received — (50,142 ) — (50,142 ) Proceeds from disposition of franchises, property and equipment — 816 355 1,171 Purchases of property and equipment, including real estate — (16,949 ) (6,208 ) (23,157 ) Other — 287 — 287 Net cash used in investing activities — (65,988 ) (5,853 ) (71,841 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings on credit facility - floorplan line and other — 1,597,034 — 1,597,034 Repayments on credit facility - floorplan line and other — (1,641,072 ) — (1,641,072 ) Borrowings on credit facility - acquisition line 189,933 — — 189,933 Repayment on credit facility - acquisition line (135,907 ) — — (135,907 ) Borrowings on other debt — — 13,678 13,678 Principal payments on other debt — — (10,644 ) (10,644 ) Borrowings on debt related to real estate, net of debt issue costs — — 17,600 17,600 Principal payments on debt related to real estate — (5,938 ) (520 ) (6,458 ) Employee stock purchase plan purchases, net of employee tax withholdings (2,140 ) — — (2,140 ) Repurchases of common stock, amounts based on settlement date (16,175 ) — — (16,175 ) Tax effect from stock-based compensation — 1,004 — 1,004 Dividends paid (4,892 ) — — (4,892 ) Borrowings (repayments) with subsidiaries 9,831 9,239 (19,070 ) — Investment in subsidiaries (40,251 ) 26,820 13,431 — Distributions to parent — — — — Net cash provided by (used in) financing activities 399 (12,913 ) 14,475 1,961 EFFECT OF EXCHANGE RATE CHANGES ON CASH — — (2,983 ) (2,983 ) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (20,930 ) 6,234 (14,696 ) CASH AND CASH EQUIVALENTS, beginning of period — 25,379 15,596 40,975 CASH AND CASH EQUIVALENTS, end of period $ — $ 4,449 $ 21,830 $ 26,279

Interim Financial Information I

Interim Financial Information Interim Financial Information (Policies)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Adopted Accounting Pronouncements In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes . This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified statement of financial position. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. The Company has elected to early adopt ASU 2015-17 during the first quarter of fiscal 2016, with retrospective application. Accordingly, deferred tax assets in the amount of $14.1 million , which were previously classified as current assets at December 31, 2015, were reclassified to non-current deferred income tax liabilities on the Company's Consolidated Balance Sheets to conform to current year presentation. In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs. The amendments in the accounting standard require debt issuance costs to be presented on the balance sheet as a direct reduction from the carrying amount of the related debt liability. The amendments in this ASU are to be applied retrospectively and are effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-03 during the first quarter of fiscal 2016, with retrospective application. Accordingly, debt issuance costs in the amounts of $0.5 million and $3.6 million , which were previously classified as current and long-term assets, respectively, at December 31, 2015, were reclassified as a direct reduction from the carrying amount of the related debt liability on the Company's Consolidated Balance Sheets to conform to current year presentation. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments. The amendments in the accounting standard eliminate the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. The amendments also require that the acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The amendments in this ASU are to be applied prospectively to adjustments to provisional amounts that occur after the effective date and are effective for interim and annual periods beginning after December 15, 2015. The Company adopted ASU 2015-16 during the first quarter of fiscal 2016. The adoption of this amendment did not materially impact the Company's financial statements. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , that amends the accounting guidance on revenue recognition. The amendments in this ASU are intended to provide a framework for addressing revenue issues, improve comparability of revenue recognition practices, and improve disclosure requirements. The amendments in this accounting standard update are effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the method of adoption and the impact the provisions of the ASU will have on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory. The amendments in the accounting standard replace the lower of cost or market test with a lower of cost and net realizable value test. The amendments in this ASU should be applied prospectively and are effective for interim and annual periods beginning after December 15, 2016. Earlier application is permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption to materially impact its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The amendments in this ASU relate to the accounting of leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by leases with lease terms of more than 12 months. In addition, this standard requires both lessees and lessors to disclose certain key information about lease transactions. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the impact the adoption of the ASU will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting. The amendment addresses several aspects of the accounting for share-based payment award transactions, including: income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows. This standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The Company is currently evaluating the impact the adoption of the ASU will have on its consolidated financial statements.
Basis of Presentation [Text Block]	Basis of Presentation The accompanying unaudited condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP") 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 U.S. GAAP 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 any other interim period or 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, 2015 (“ 2015 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 and are subject to change within the purchase price allocation period (generally one year from the respective acquisition date). All intercompany balances and transactions have been eliminated in consolidation.
Segment Reporting Disclosure [Text Block]	Business Segment Information The Company, through its regions, conducts business in the automotive retailing industry including selling new and used cars and light trucks, arranging related vehicle financing, selling service and insurance contracts, providing automotive maintenance and repair services and selling vehicle parts. The Company has three reportable segments: the U.S., which includes the activities of the Company's corporate office, the U.K. and Brazil. The reportable segments are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by its chief operating decision maker to allocate resources and assess performance. The Company's chief operating decision maker is its Chief Executive Officer.
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Variable Interest Entity In 2013, the Company entered into arrangements to provide a related-party entity, which owns and operates retail automotive dealerships, a fixed-interest-rate working capital loan and various administrative services 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 an 8% equity ownership interest in the entity. The Company 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 right 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 the assets and liabilities of the VIE as of March 31, 2016 and December 31, 2015 , as well as the results of operations of the VIE beginning on the effective date of the variable interests arrangements to March 31, 2016 . The floorplan notes payable liability of the VIE is securitized by the new and used vehicle inventory of the VIE. The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of March 31, 2016 and December 31, 2015 , are as follows (in thousands): March 31, 2016 December 31, 2015 Current assets $ 17,596 $ 12,849 Non-current assets 12,106 11,022 Total assets $ 29,702 $ 23,871 Current liabilities $ 13,950 $ 8,257 Non-current liabilities 18,820 17,064 Total liabilities $ 32,770 $ 25,321

Derivative Instruments and Ri26

Derivative Instruments and Risk Management Activities Derivative Instruments and Risk Management Activities (Policies)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Policy [Policy Text Block]	The periodic interest rates of the Revolving Credit Facility (as defined in Note 8, “Credit Facilities”) and certain variable-rate real estate related borrowings in the U.S. 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 Accounting Standards Codification ("ASC") 820, Fair Value Measurement. 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.

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value Measurements (Policies)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value of Assets Acquired and Liabilities Assumed [Policy Text Block]	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; and 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 evaluated its assets and liabilities for those that met the criteria of the disclosure requirements and fair value framework of ASC 820 and identified demand obligations, interest rate derivative instruments, and investment balances in certain financial institutions as having met such criteria. 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. In addition, the Company maintains an investment balance with certain of the financial institutions in Brazil that provide credit facilities for the financing of new, used and rental vehicle inventories. The investment balances bear interest at a variable rate and are redeemable by the Company in the future under certain conditions. The Company has classified these investment balances as other current and long-term assets 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.

Interim Financial Information (

Interim Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Carrying Amounts and Classification of Assets and Liabilities of VIE[Table Text Block]	The carrying amounts and classification of assets (which can only be used to settle the liabilities of the VIE) and liabilities (for which creditors do not have recourse to the general credit of the Company) that are included in the Company's consolidated statements of financial position for the consolidated VIE as of March 31, 2016 and December 31, 2015 , are as follows (in thousands): March 31, 2016 December 31, 2015 Current assets $ 17,596 $ 12,849 Non-current assets 12,106 11,022 Total assets $ 29,702 $ 23,871 Current liabilities $ 13,950 $ 8,257 Non-current liabilities 18,820 17,064 Total liabilities $ 32,770 $ 25,321

Derivative Instruments and Ri29

Derivative Instruments and Risk Management Activities (Tables)	3 Months Ended
	Mar. 31, 2016
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 periods for the Company's derivative financial instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets . Amount of Unrealized Loss, Net of Tax, Recognized in Other Comprehensive Income (Loss) Three Months Ended March 31, Derivatives in Cash Flow Hedging Relationship 2016 2015 (In thousands) Interest rate swap contracts $ (11,141 ) $ (6,513 ) Amount of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations Location of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations Three Months Ended March 31, 2016 2015 (In thousands) Floorplan interest expense $ (2,758 ) $ (2,708 ) Other interest expense (625 ) (439 ) The amount expected to be reclassified out of other comprehensive income (loss) into earnings as additional floorplan interest expense or other interest expense in the next twelve months is $12.9 million .

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Restricted Stock Awards	A summary of the restricted stock awards as of March 31, 2016 , along with the changes during the three months then ended, is as follows: Awards Weighted Average Grant Date Fair Value Nonvested at December 31, 2015 893,360 $ 69.16 Granted 193,070 52.69 Vested (185,220 ) 56.51 Forfeited (5,780 ) 77.32 Nonvested at March 31, 2016 895,430 $ 68.17

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Basic and Diluted Earnings per share	The following table sets forth the calculation of EPS for the three months ended March 31, 2016 and 2015 . Three Months Ended March 31, 2016 2015 (In thousands, except per share amounts) Weighted average basic common shares outstanding 22,448 23,443 Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock 5 3 Weighted average dilutive common shares outstanding 22,453 23,446 Basic: Net Income $ 34,291 $ 35,815 Less: Earnings allocated to participating securities 1,348 1,388 Earnings available to basic common shares $ 32,943 $ 34,427 Basic earnings per common share $ 1.47 $ 1.47 Diluted: Net Income $ 34,291 $ 35,815 Less: Earnings allocated to participating securities 1,348 1,388 Earnings available to diluted common shares $ 32,943 $ 34,427 Diluted earnings per common share $ 1.47 $ 1.47

Detail of Certain Balance She32

Detail of Certain Balance Sheet Accounts Detail of Certain Balance Sheet Accounts (Tables)	3 Months Ended
	Mar. 31, 2016
Balance Sheet Related Disclosures [Abstract]
Accounts and notes receivable	Accounts and notes receivable consisted of the following: March 31, 2016 December 31, 2015 (unaudited) (In thousands) Amounts due from manufacturers $ 89,279 $ 93,206 Parts and service receivables 34,793 32,479 Finance and insurance receivables 19,892 22,374 Other 12,988 12,913 Total accounts and notes receivable 156,952 160,972 Less allowance for doubtful accounts 2,790 3,204 Accounts and notes receivable, net $ 154,162 $ 157,768
Summary of inventories	Inventories consisted of the following: March 31, 2016 December 31, 2015 (unaudited) (In thousands) New vehicles $ 1,304,103 $ 1,262,797 Used vehicles 309,969 275,508 Rental vehicles 145,780 134,509 Parts, accessories and other 74,133 72,917 Total inventories 1,833,985 1,745,731 Less lower of cost or market reserves 7,454 7,980 Inventories, net $ 1,826,531 $ 1,737,751
Property and equipment	Property and equipment consisted of the following: Estimated Useful Lives in Years March 31, 2016 December 31, 2015 (unaudited) (dollars in thousands) Land — $ 374,545 $ 364,475 Buildings 30 to 50 511,857 505,414 Leasehold improvements varies 159,267 155,585 Machinery and equipment 7 to 20 95,613 90,993 Furniture and fixtures 3 to 10 86,683 82,688 Company vehicles 3 to 5 11,890 11,603 Construction in progress — 68,178 58,361 Total 1,308,033 1,269,119 Less accumulated depreciation 244,181 235,138 Property and equipment, net $ 1,063,852 $ 1,033,981

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Instrument [Line Items]
Summary of long-term debt	The Company carries its long-term debt at face value, net of applicable discounts and capitalized debt issuance costs. Long-term debt consisted of the following: March 31, 2016 December 31, 2015 (dollars in thousands) 5.00% Senior Notes (aggregate principal of $550,000 at March 31, 2016 and December 31, 2015) $ 539,309 $ 538,933 5.25% Senior Notes (aggregate principal of $300,000 at March 31, 2016 and December 31, 2015) 295,186 295,156 Real Estate Related and Other Long-Term Debt 398,509 365,564 Capital lease obligations related to real estate, maturing in varying amounts through June 2034 with a weighted average interest rate of 9.7% and 9.8%, respectively 50,883 51,902 1,283,887 1,251,555 Less current maturities of other long-term debt 27,208 52,021 $ 1,256,679 $ 1,199,534

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Asset and liabilities recorded at fair value	fair value in the accompanying balance sheets as of March 31, 2016 and December 31, 2015 , respectively, were as follows: As of March 31, 2016 Level 1 Level 2 Total (In thousands) Assets: Investments $ — $ 4,332 $ 4,332 Demand obligations $ — $ 131 $ 131 Total $ — $ 4,463 $ 4,463 Liabilities: Interest rate derivative financial instruments $ — $ 45,566 $ 45,566 Total $ — $ 45,566 $ 45,566 As of December 31, 2015 Level 1 Level 2 Total (In thousands) Assets: Investments $ — $ 4,235 $ 4,235 Demand obligations $ — $ 131 $ 131 Interest rate derivative financial instruments $ — $ 31 $ 31 Total $ — $ 4,397 $ 4,397 Liabilities: Interest rate derivative financial instruments $ — $ 31,153 $ 31,153 Total $ — $ 31,153 $ 31,153

Intangible Franchise Rights a35

Intangible Franchise Rights and Goodwill (Tables)	3 Months Ended
	Mar. 31, 2016
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 by reportable segment: Intangible Franchise Rights U.S. U.K. Brazil Total (In thousands) BALANCE, December 31, 2015 $ 285,659 $ 7,773 $ 14,156 $ 307,588 Additions through acquisitions — 11,258 — 11,258 Currency translation — (403 ) 1,452 1,049 BALANCE, March 31, 2016 $ 285,659 $ 18,628 $ 15,608 $ 319,895 Goodwill U.S. U.K. Brazil Total (In thousands) BALANCE, December 31, 2015 $ 809,775 $ 35,320 $ 9,820 $ 854,915 (1) Additions through acquisitions — 34,123 — 34,123 Purchase price allocation adjustments 51 — — 51 Disposals (2,035 ) — (191 ) (2,226 ) Currency translation — (1,566 ) 1,002 (564 ) Tax adjustments (6 ) — — (6 ) BALANCE, March 31, 2016 $ 807,785 $ 67,877 $ 10,631 $ 886,293 (1) (1) Net of accumulated impairment of $97.8 million .

Accumulated Other Comprehensi36

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2016
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 three months ended March 31, 2016 and 2015 were as follows: Three Months Ended March 31, 2016 Accumulated foreign currency translation loss Accumulated loss on interest rate swaps Total (In thousands) Balance, December 31, 2015 $ (118,532 ) $ (19,452 ) $ (137,984 ) Other comprehensive income (loss) before reclassifications: Pre-tax 2,155 (17,826 ) (15,671 ) Tax effect — 6,685 6,685 Amounts reclassified from accumulated other comprehensive loss to: Floorplan interest expense — 2,758 2,758 Other interest expense — 625 625 Tax effect — (1,269 ) (1,269 ) Net current period other comprehensive income (loss) 2,155 (9,027 ) (6,872 ) Balance, March 31, 2016 $ (116,377 ) $ (28,479 ) $ (144,856 ) Three Months Ended March 31, 2015 Accumulated foreign currency translation loss Accumulated loss on interest rate swaps Total (In thousands) Balance, December 31, 2014 $ (64,075 ) $ (17,909 ) $ (81,984 ) Other comprehensive income (loss) before reclassifications: Pre-tax (30,594 ) (10,420 ) (41,014 ) Tax effect — 3,907 3,907 Amounts reclassified from accumulated other comprehensive loss to: Floorplan interest expense — 2,708 2,708 Other interest expense — 439 439 Tax effect — (1,180 ) (1,180 ) Net current period other comprehensive loss (30,594 ) (4,546 ) (35,140 ) Balance, March 31, 2015 $ (94,669 ) $ (22,455 ) $ (117,124 )

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three months ended March 31, 2016 and 2015 : Three Months Ended March 31, 2016 U.S. U.K. Brazil Total (In thousands) Total revenues $ 2,081,632 $ 431,896 $ 94,827 $ 2,608,355 Income (loss) before income taxes 50,204 5,520 (1,622 ) 54,102 (Provision) benefit for income taxes (18,830 ) (1,170 ) 189 (19,811 ) Net income (loss) $ 31,374 (1 ) $ 4,350 $ (1,433 ) $ 34,291 Three Months Ended March 31, 2015 U.S. U.K. Brazil Total (In thousands) Total revenues $ 1,998,500 $ 299,541 $ 134,813 $ 2,432,854 Income (loss) before income taxes 53,156 5,121 (805 ) 57,472 Provision for income taxes (20,361 ) (999 ) (297 ) (21,657 ) Net income (loss) $ 32,795 $ 4,122 $ (1,102 ) $ 35,815

Condensed Consolidated Financ38

Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet [Table Text Block]	CONDENSED CONSOLIDATED BALANCE SHEET March 31, 2016 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Elimination Total Company (In thousands) ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 5,366 $ 17,015 $ — $ 22,381 Contracts-in-transit and vehicle receivables, net — 160,229 49,313 — 209,542 Accounts and notes receivable, net — 115,308 38,854 — 154,162 Intercompany accounts receivable — 2,874 — (2,874 ) — Inventories, net — 1,573,643 252,888 — 1,826,531 Prepaid expenses and other current assets 512 10,528 30,423 — 41,463 Total current assets 512 1,867,948 388,493 (2,874 ) 2,254,079 PROPERTY AND EQUIPMENT, net — 919,728 144,124 — 1,063,852 GOODWILL — 807,785 78,508 — 886,293 INTANGIBLE FRANCHISE RIGHTS — 285,660 34,235 — 319,895 INVESTMENT IN SUBSIDIARIES 2,535,020 — — (2,535,020 ) — OTHER ASSETS — 5,676 4,051 — 9,727 Total assets $ 2,535,532 $ 3,886,797 $ 649,411 $ (2,537,894 ) $ 4,533,846 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Floorplan notes payable — credit facility and other $ — $ 1,237,352 $ 2,440 $ — $ 1,239,792 Offset account related to floorplan notes payable - credit facility — (104,081 ) — — (104,081 ) Floorplan notes payable — manufacturer affiliates — 324,274 113,398 — 437,672 Offset account related to floorplan notes payable - manufacturer affiliates — (30,000 ) — — (30,000 ) Current maturities of long-term debt and short-term financing — 21,812 15,694 — 37,506 Accounts payable — 167,504 160,090 — 327,594 Intercompany accounts payable 643,837 — 2,874 (646,711 ) — Accrued expenses — 169,222 25,648 — 194,870 Total current liabilities 643,837 1,786,083 320,144 (646,711 ) 2,103,353 LONG-TERM DEBT, net of current maturities 834,495 351,901 70,283 — 1,256,679 LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES — 43,122 — — 43,122 DEFERRED INCOME TAXES AND OTHER LIABILITIES (451 ) 207,756 10,594 — 217,899 STOCKHOLDERS’ EQUITY: Group 1 stockholders’ equity 1,057,651 2,141,772 248,390 (2,535,020 ) 912,793 Intercompany note receivable — (643,837 ) — 643,837 — Total stockholders’ equity 1,057,651 1,497,935 248,390 (1,891,183 ) 912,793 Total liabilities and stockholders’ equity $ 2,535,532 $ 3,886,797 $ 649,411 $ (2,537,894 ) $ 4,533,846 CONDENSED CONSOLIDATED BALANCE SHEET December 31, 2015 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Elimination Total Company (In thousands) ASSETS CURRENT ASSETS: Cash and cash equivalents $ — $ 6,338 $ 6,699 $ — $ 13,037 Contracts-in-transit and vehicle receivables, net — 233,275 19,163 — 252,438 Accounts and notes receivable, net — 132,078 25,690 — 157,768 Intercompany accounts receivable — 1,192 — (1,192 ) — Inventories, net — 1,533,166 204,585 — 1,737,751 Prepaid expenses and other current assets 5,312 8,946 13,118 — 27,376 Total current assets 5,312 1,914,995 269,255 (1,192 ) 2,188,370 PROPERTY AND EQUIPMENT, net — 916,338 117,643 — 1,033,981 GOODWILL — 809,775 45,140 — 854,915 INTANGIBLE FRANCHISE RIGHTS — 285,659 21,929 — 307,588 INVESTMENT IN SUBSIDIARIES 2,388,081 — — (2,388,081 ) — OTHER ASSETS — 5,950 5,912 — 11,862 Total assets $ 2,393,393 $ 3,932,717 $ 459,879 $ (2,389,273 ) $ 4,396,716 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Floorplan notes payable — credit facility and other $ — $ 1,261,606 $ 4,113 $ — $ 1,265,719 Offset account related to floorplan notes payable - credit facility — (110,759 ) — — (110,759 ) Floorplan notes payable — manufacturer affiliates — 303,810 85,261 — 389,071 Offset account related to floorplan notes payable - manufacturer affiliates — (25,500 ) — — (25,500 ) Current maturities of long-term debt and short-term financing — 47,015 7,976 — 54,991 Accounts payable — 178,544 101,879 — 280,423 Intercompany accounts payable 503,333 — 1,192 (504,525 ) — Accrued expenses — 167,509 17,814 — 185,323 Total current liabilities 503,333 1,822,225 218,235 (504,525 ) 2,039,268 LONG-TERM DEBT, net of current maturities 834,090 300,788 64,656 — 1,199,534 LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES — 31,153 — — 31,153 DEFERRED INCOME TAXES AND OTHER LIABILITIES (265 ) 203,824 4,950 — 208,509 STOCKHOLDERS’ EQUITY: Group 1 stockholders’ equity 1,056,235 2,078,060 172,038 (2,388,081 ) 918,252 Intercompany note receivable — (503,333 ) — 503,333 — Total stockholders’ equity 1,056,235 1,574,727 172,038 (1,884,748 ) 918,252 Total liabilities and stockholders’ equity $ 2,393,393 $ 3,932,717 $ 459,879 $ (2,389,273 ) $ 4,396,716
Condensed Income Statement [Table Text Block]	CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended March 31, 2016 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Elimination Total Company (In thousands) REVENUES: $ — $ 2,081,633 $ 526,722 $ — $ 2,608,355 COST OF SALES: — 1,748,923 470,331 — 2,219,254 GROSS PROFIT — 332,710 56,391 — 389,101 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,203 243,014 49,447 — 293,664 DEPRECIATION AND AMORTIZATION EXPENSE — 10,596 1,868 — 12,464 ASSET IMPAIRMENTS — 509 423 — 932 INCOME FROM OPERATIONS (1,203 ) 78,591 4,653 — 82,041 OTHER EXPENSE: Floorplan interest expense — (10,048 ) (962 ) — (11,010 ) Other interest expense, net — (16,052 ) (877 ) — (16,929 ) INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES (1,203 ) 52,491 2,814 — 54,102 BENEFIT (PROVISION) FOR INCOME TAXES 450 (19,281 ) (980 ) — (19,811 ) EQUITY IN EARNINGS OF SUBSIDIARIES 35,044 — — (35,044 ) — NET INCOME (LOSS) $ 34,291 $ 33,210 $ 1,834 $ (35,044 ) $ 34,291 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES — (9,027 ) 2,155 — (6,872 ) COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT $ 34,291 $ 24,183 $ 3,989 $ (35,044 ) $ 27,419 CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended March 31, 2015 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Elimination Total Company (In thousands) REVENUES: $ — $ 1,998,500 $ 434,354 $ — $ 2,432,854 COST OF SALES: — 1,684,012 384,958 — 2,068,970 GROSS PROFIT — 314,488 49,396 — 363,884 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,231 227,472 42,766 — 271,469 DEPRECIATION AND AMORTIZATION EXPENSE — 10,118 1,566 — 11,684 ASSET IMPAIRMENTS — — — — — INCOME FROM OPERATIONS (1,231 ) 76,898 5,064 — 80,731 OTHER EXPENSE: Floorplan interest expense — (8,519 ) (829 ) — (9,348 ) Other interest expense, net 592 (12,723 ) (1,780 ) — (13,911 ) INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES (639 ) 55,656 2,455 — 57,472 BENEFIT (PROVISION) FOR INCOME TAXES 240 (20,602 ) (1,295 ) — (21,657 ) EQUITY IN EARNINGS OF SUBSIDIARIES 36,214 — — (36,214 ) — NET INCOME (LOSS) $ 35,815 $ 35,054 $ 1,160 $ (36,214 ) $ 35,815 OTHER COMPREHENSIVE LOSS, NET OF TAXES — (4,546 ) (30,594 ) — (35,140 ) COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT $ 35,815 $ 30,508 $ (29,434 ) $ (36,214 ) $ 675
Condensed Cash Flow Statement [Table Text Block]	CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Three Months Ended March 31, 2016 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Company (In thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by (used in) operating activities $ 34,292 $ 85,665 $ (3,882 ) $ 116,075 CASH FLOWS FROM INVESTING ACTIVITIES: Cash paid in acquisitions, net of cash received — — (51,110 ) (51,110 ) Proceeds from disposition of franchises, property and equipment — 12,681 1,190 13,871 Purchases of property and equipment, including real estate — (29,121 ) (4,581 ) (33,702 ) Other — (255 ) 149 (106 ) Net cash used in investing activities — (16,695 ) (54,352 ) (71,047 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings on credit facility - floorplan line and other — 1,648,527 — 1,648,527 Repayments on credit facility - floorplan line and other — (1,666,103 ) — (1,666,103 ) Borrowings on credit facility - acquisition line 40,000 — — 40,000 Repayment on credit facility - acquisition line (40,000 ) — — (40,000 ) Borrowings on other debt — — 7,415 7,415 Principal payments on other debt — (230 ) (12,538 ) (12,768 ) Borrowings on debt related to real estate, net of debt issue costs — 30,331 — 30,331 Principal payments on debt related to real estate — (4,325 ) (1,213 ) (5,538 ) Employee stock purchase plan purchases, net of employee tax withholdings (1,243 ) — — (1,243 ) Repurchases of common stock, amounts based on settlement date (31,945 ) — — (31,945 ) Tax effect from stock-based compensation — (53 ) — (53 ) Dividends paid (5,148 ) — — (5,148 ) Borrowings (repayments) with subsidiaries 150,983 (152,665 ) 1,682 — Investment in subsidiaries (146,939 ) 74,576 72,363 — Distributions to parent — — — — Net cash (used in) provided by financing activities (34,292 ) (69,942 ) 67,709 (36,525 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH — — 841 841 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS — (972 ) 10,316 9,344 CASH AND CASH EQUIVALENTS, beginning of period — 6,338 6,699 13,037 CASH AND CASH EQUIVALENTS, end of period $ — $ 5,366 $ 17,015 $ 22,381 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Three Months Ended March 31, 2015 Group 1 Automotive, Inc. Guarantor Subsidiaries Non-Guarantor Subsidiaries Total Company (In thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net cash (used in) provided by operating activities $ (399 ) $ 57,971 $ 595 $ 58,167 CASH FLOWS FROM INVESTING ACTIVITIES: Cash paid in acquisitions, net of cash received — (50,142 ) — (50,142 ) Proceeds from disposition of franchises, property and equipment — 816 355 1,171 Purchases of property and equipment, including real estate — (16,949 ) (6,208 ) (23,157 ) Other — 287 — 287 Net cash used in investing activities — (65,988 ) (5,853 ) (71,841 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings on credit facility - floorplan line and other — 1,597,034 — 1,597,034 Repayments on credit facility - floorplan line and other — (1,641,072 ) — (1,641,072 ) Borrowings on credit facility - acquisition line 189,933 — — 189,933 Repayment on credit facility - acquisition line (135,907 ) — — (135,907 ) Borrowings on other debt — — 13,678 13,678 Principal payments on other debt — — (10,644 ) (10,644 ) Borrowings on debt related to real estate, net of debt issue costs — — 17,600 17,600 Principal payments on debt related to real estate — (5,938 ) (520 ) (6,458 ) Employee stock purchase plan purchases, net of employee tax withholdings (2,140 ) — — (2,140 ) Repurchases of common stock, amounts based on settlement date (16,175 ) — — (16,175 ) Tax effect from stock-based compensation — 1,004 — 1,004 Dividends paid (4,892 ) — — (4,892 ) Borrowings (repayments) with subsidiaries 9,831 9,239 (19,070 ) — Investment in subsidiaries (40,251 ) 26,820 13,431 — Distributions to parent — — — — Net cash provided by (used in) financing activities 399 (12,913 ) 14,475 1,961 EFFECT OF EXCHANGE RATE CHANGES ON CASH — — (2,983 ) (2,983 ) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS — (20,930 ) 6,234 (14,696 ) CASH AND CASH EQUIVALENTS, beginning of period — 25,379 15,596 40,975 CASH AND CASH EQUIVALENTS, end of period $ — $ 4,449 $ 21,830 $ 26,279

Interim Financial Information39

Interim Financial Information (Details Textual) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)dealershipstownstates	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Business And Organization [Line Items]
Deferred income taxes			$ 14,100
Debt Issuance Costs, Current Assets			500
Number of Reportable Segments	3
Immaterial Error of Effect of Exchange Rate on Cash and Cash Equivalents	$ 841	$ (2,983)
Net Cash Provided by (Used in) Operating Activities	$ 116,075	$ 58,167
Number of domestic regions	2
Number of international regions	2
Debt Issuance Costs, Long-term Assets			3,600
Variable Interest Entity [Line Items]
Assets, Current	$ 2,254,079		2,188,370
Total assets	4,533,846		4,396,716
Liabilities, Current	$ 2,103,353		2,039,268
Variable Interest Entity, Ownership Percentage	8.00%
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Assets, Current	$ 17,596		12,849
Long-Lived Assets	12,106		11,022
Total assets	29,702		23,871
Liabilities, Current	13,950		8,257
Liabilities, Noncurrent	18,820		17,064
Total liabilities	$ 32,770		$ 25,321
East [Member]
Business And Organization [Line Items]
Number of dealerships | dealerships	37
West [Member]
Business And Organization [Line Items]
Number of dealerships | dealerships	77
U.S. [Member]
Business And Organization [Line Items]
Number of States in which Entity Operates | states	14
U.K. [Member]
Business And Organization [Line Items]
Number of Towns in which Entity Operates | town	19
Number of dealerships | dealerships	29
Brazil [Member]
Business And Organization [Line Items]
Number of States in which Entity Operates | states	3
Number of dealerships | dealerships	17

Acquisitions and Dispositions40

Acquisitions and Dispositions Acquisitions and Dispositions (Details textuals) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015
Acquisitions and Dispositions (Textual) [Abstract]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	$ 3.9
Goodwill	1.1
Business Combination, Consideration Transferred	$ 56.1
U.S. [Member]
Acquisitions and Dispositions (Textual) [Abstract]
Number Of Dealerships Acquired		1
Number of Dealerships Disposed	2	1
Gain (Loss) on Disposition of Business	$ 0.9
Brazil [Member]
Acquisitions and Dispositions (Textual) [Abstract]
Number of Franchises Disposed	2
Gain (Loss) on Disposition of Business	$ (1)
United Kingdom [Member]
Acquisitions and Dispositions (Textual) [Abstract]
Number Of Dealerships Acquired	12
Number of Franchises Acquired	15

Derivative Instruments and Ri41

Derivative Instruments and Risk Management Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivatives in cash flow hedging relationship
Interest rate swap contracts	$ (11,141)	$ (6,513)
Location of Loss Reclassified from OCI into Statements of Operations
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	(2,114)	(1,967)
Floorplan Interest Expense [Member]
Location of Loss Reclassified from OCI into Statements of Operations
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	2,758	2,708
Other Interest Expense [Member]
Location of Loss Reclassified from OCI into Statements of Operations
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	625	439
Interest Rate Swap Contracts [Member]
Derivatives in cash flow hedging relationship
Interest rate swap contracts	$ (11,141)	$ (6,513)

Derivative Instruments and Ri42

Derivative Instruments and Risk Management Activities (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)swapshares	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]
Increase in floor plan interest expense due to impact of interest rate hedges	$ 2,800	$ 2,700
Floor Plan Interest Expense	$ 11,010	9,348
Forward swaps expiration date	Mar. 1, 2023
Fair value of derivative financial instruments included in balance sheet as liabilities from interest risk management activities	$ 45,566		$ 31,153
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	895,430		893,360
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ (28,479)	$ (22,455)	$ (19,452)	$ (17,909)
Amount expected to be reclassified from other comprehensive loss into earnings	12,900
Interest Rate Swap [Member]
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]
Aggregate notional value of forward interest rate swaps	$ 617,500
Derivative, Average Fixed Interest Rate	2.60%
Interest Rate Swaps That Were Entered Into and Became Effective During Period [Member] [Member]
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]
Aggregate notional value of forward interest rate swaps	$ 36,200
Number of additional forward interest rate swaps	4
Interest Rate Swaps Forward Starting [Member]
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]
Aggregate notional value of forward interest rate swaps	$ 850,000
Notional amount of interest rate swaps entered into during current year	$ 200,000
Derivative, Average Fixed Interest Rate	2.30%
Number of additional forward interest rate swaps | swap	17
Maximum Notional Amount Of Derivatives In Effect At Any Time	$ 908,600
Minimum [Member] | Interest Rate Swaps Forward Starting [Member]
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]
Forward swaps start date	Dec. 31, 2016
Forward swaps expiration date	Dec. 31, 2019
Maximum [Member] | Interest Rate Swaps Forward Starting [Member]
Additional Derivative Instruments and Risk Management Activities (Textual) [Abstract]
Forward swaps start date	Jan. 2, 2019
Forward swaps expiration date	Dec. 31, 2021

Stock-Based Compensation Plan43

Stock-Based Compensation Plans (Details)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awards, Nonvested at December 31, 2015 | shares	893,360
Awards, Granted | shares	193,070
Awards, Vested | shares	(185,220)
Awards, Forfeited | shares	(5,780)
Awards, Nonvested at March 31, 2016 | shares	895,430
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Nonvested, December 31, 2015 | $ / shares	$ 69.16
Weighted Average Grant Date Fair Value, Granted | $ / shares	52.69
Weighted Average Grant Date Fair Value, Vested | $ / shares	56.51
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	77.32
Weighted Average Grant Date Fair Value, Nonvested, March 31, 2016 | $ / shares	$ 68.17

Stock-Based Compensation Plan44

Stock-Based Compensation Plans (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stock-based Compensation Plans (Textual) [Abstract]
Share-based Compensation	$ 5,511	$ 4,888
Cash received from employee stock purchase plan purchases	2,000	1,900
Tax benefit realized for the tax deductions	$ 100	$ 1,000
2014 Long Term Incentive Plan [Member]
Stock-based Compensation Plans (Textual) [Abstract]
Shares available for grant under the incentive plan	1,265,911
Expiry date for stock options grant	May 21, 2024
Employee Stock Purchase Plan [Member]
Stock-based Compensation Plans (Textual) [Abstract]
Shares available for grant under the incentive plan	1,373,804
Shares authorized for issuance	4,500,000
Expiry date for stock options grant	May 19, 2025
Employee stock purchase price in percentage of fair market value	85.00%
Shares issued to employee under purchase plan	40,877	26,280
Weighted average fair value of employee stock purchase rights issued	$ 15.61	$ 18.72
Maximum [Member]
Stock-based Compensation Plans (Textual) [Abstract]
Range Of Forfeiture Provisions	5 years

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Basic and Diluted Earnings per share
Weighted average basic common shares outstanding	22,448	23,443
Dilutive effect of employee stock purchases, net of assumed repurchase of treasury stock	5	3
Weighted average dilutive common shares outstanding	22,453	23,446
Basic:
Net income	$ 34,291	$ 35,815
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	$ 1,348	$ 1,388
Basic earnings per common share	$ 1.47	$ 1.47
Earnings available to basic common shares	$ 32,943	$ 34,427
Diluted:
Net income	34,291	35,815
Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted	1,348	1,388
Earnings available to diluted common shares	$ 32,943	$ 34,427
Diluted earnings per common share	$ 1.47	$ 1.47

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits	$ 0		$ 0
Income Tax Disclosure [Text Block]	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 Company's effective income tax rate of 36.6% of pretax income for the three months ended March 31, 2016 differed from the U.S. federal statutory rate of 35.0% due primarily to taxes provided for in U.S. state and foreign jurisdictions in which the Company operates, as well as valuation allowances provided for net operating losses in certain U.S. states and in Brazil. For the three months ended March 31, 2016 , the Company's effective tax rate decreased to 36.6% compared to 37.7% for the same period in 2015 . This decrease was primarily due to the mixed effect resulting from proportionately more pretax income generated in the Company's U.K. region, partially offset by valuation allowances provided for net operating losses in certain U.S. states and in Brazil. As of March 31, 2016 and December 31, 2015 , 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 three months ended March 31, 2016 . When applicable, consistent with prior practice, the Company recognizes interest and penalties related to uncertain tax positions in income tax expense. Taxable years 2011 and subsequent remain open for examination by the Company’s major taxing jurisdictions.
Effective tax rate	36.60%	37.70%
U.S. federal statutory corporate tax rate	35.00%

Detail of Certain Balance She47

Detail of Certain Balance Sheet Accounts (Accounts and Notes Receivable) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts and notes receivable
Total accounts and notes receivable	$ 156,952	$ 160,972
Less allowance for doubtful accounts	2,790	3,204
Accounts and notes receivable, net	154,162	157,768
Amounts due from manufacturers [Member]
Accounts and notes receivable
Total accounts and notes receivable	89,279	93,206
Parts and service receivables [Member]
Accounts and notes receivable
Total accounts and notes receivable	34,793	32,479
Finance and insurance receivables, net [Member]
Accounts and notes receivable
Total accounts and notes receivable	19,892	22,374
Other [Member]
Accounts and notes receivable
Total accounts and notes receivable	$ 12,988	$ 12,913

Detail of Certain Balance She48

Detail of Certain Balance Sheet Accounts (Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Summary of inventories
New Vehicles Inventory, Gross	$ 1,304,103	$ 1,262,797
Used Vehicles Inventory, Gross	309,969	275,508
Rental Vehicles Inventory, Gross	145,780	134,509
Parts, Accessories and Other Inventory, Gross	74,133	72,917
Inventory, Gross	1,833,985	1,745,731
Lower of cost or market reserves	7,454	7,980
Inventories, net	$ 1,826,531	$ 1,737,751

Detail of Certain Balance She49

Detail of Certain Balance Sheet Accounts (Property and Equipment) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,308,033		$ 1,269,119
Less accumulated depreciation and amortization	244,181		235,138
Property and equipment, net	1,063,852		1,033,981
Capital expenditures incurred for purchase and construction of assets	20,700
Capital Expenditures Incurred but Not yet Paid	22,274	$ 10,035	32,700
Assets Held-for-sale, Long Lived	3,600		1,400
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	374,545		364,475
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 511,857		505,414
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P30Y
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P50Y
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	varies
Property, Plant and Equipment, Gross	$ 159,267		155,585
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 95,613		90,993
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P7Y
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P20Y
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 86,683		82,688
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P3Y
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P10Y
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 11,890		11,603
Vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P3Y
Vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	P5Y
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 68,178		$ 58,361
Land and Building [Member]
Property, Plant and Equipment [Line Items]
Acquisition of fixed assets	2,600
Land and Building [Member] | Dealership Acquisitions [Member]
Property, Plant and Equipment [Line Items]
Acquisition of fixed assets	$ 26,200

Credit Facilities (Details Text

Credit Facilities (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)
Line of Credit Facility [Line Items]
Floorplan Offset	$ (104,081)	$ (110,759)
FMCC Offset	(30,000)	$ (25,500)
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under line of credit facility	$ 1,700,000
Expiry date of Revolving Credit Facility	Jun. 20, 2018
Number of financial institutions | loan	24
Number of Manufacturer-affiliated finance companies | loan	6
Number of tranches	2
Line Of Credit Facility Maximum Borrowing Capacity Can Be Extended Amount	$ 1,950,000
Acquisition Line Minimum Commitment	100,000
Line of credit facility, Unamortized Cost	3,400
Maximum Limit Of Restricted Payment Basket	125,000
Restricted payment	122,700
Brazil credit facilities [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Amount Outstanding	10,000
FMCC Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under line of credit facility	$ 300,000
Debt Instrument, Basis Spread on Variable Rate	1.50%
Line of Credit Facility, Amount Outstanding	$ 182,900
Available amount under borrowing capacity	$ 117,100
Cancellation of agreement	30 days
Debt interest rate	5.00%
Revolving Credit Facility, Floorplan Line [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under line of credit facility	$ 1,600,000
Commitment fees, Percentage	0.20%
Maximum period for outstanding borrowing	1 year
Line of Credit Facility, Amount Outstanding	$ 1,133,300
Available amount under borrowing capacity	246,700
Floorplan Offset	$ (104,100)
Weighted average interest rate	1.70%	1.70%
Revolving Credit Facility, Floorplan Line, New Vehicles [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Revolving Credit Facility, Floorplan Line, Used Vehicles [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Revolving Credit Facility, Acquisition Line [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under line of credit facility	$ 320,000
Line Of Credit Facility, Minimum Borrowing Capacity	$ 100,000
Debt Instrument, Basis Spread on Variable Rate	1.50%
Line of Credit Facility, Amount Outstanding	$ 0	$ 0
Available amount under borrowing capacity	282,900
Letters of credit outstanding	37,100
Rental Vehicle Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Amount Outstanding	111,300
UK Credit Facilities [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Amount Outstanding	$ 103,400
Maximum [Member] | Brazil Credit Facilities [Member]
Line of Credit Facility [Line Items]
Debt interest rate	25.05%
Debt Instrument Maturity Date Period	12 months
Grace Period for Outstanding Borrowings	90 days
Maximum [Member] | Revolving Credit Facility, Acquisition Line [Member]
Line of Credit Facility [Line Items]
Commitment fees, Percentage	0.45%
Maximum [Member] | Rental Vehicle Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt interest rate	5.00%
Maximum [Member] | UK Credit Facilities [Member]
Line of Credit Facility [Line Items]
Debt interest rate	3.95%
Minimum [Member] | Brazil Credit Facilities [Member]
Line of Credit Facility [Line Items]
Debt interest rate	16.77%
Debt Instrument Maturity Date Period	1 month
Grace Period for Outstanding Borrowings	0 days
Minimum [Member] | Revolving Credit Facility, Acquisition Line [Member]
Line of Credit Facility [Line Items]
Commitment fees, Percentage	0.25%
Minimum [Member] | UK Credit Facilities [Member]
Line of Credit Facility [Line Items]
Debt interest rate	1.73%
United States of America, Dollars | Maximum [Member] | Revolving Credit Facility, Acquisition Line [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
United States of America, Dollars | Minimum [Member] | Revolving Credit Facility, Acquisition Line [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Euros or Pound Sterling [Member] | Revolving Credit Facility, Acquisition Line [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under line of credit facility	$ 125,000
Euros or Pound Sterling [Member] | Maximum [Member] | Revolving Credit Facility, Acquisition Line [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Euros or Pound Sterling [Member] | Minimum [Member] | Revolving Credit Facility, Acquisition Line [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2014	Jun. 30, 2014
Debt Instrument [Line Items]
Net carrying amount of liability component	$ 1,283,887	$ 1,251,555
Long Term Debt And Capital Lease Obligations Excluding Short Term Financing Current	27,208	52,021
LONG-TERM DEBT, net of current maturities	1,256,679	1,199,534
5.00% Senior Note [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	539,309	538,933
Debt Instrument, Face Amount	550,000	550,000	$ 200,000	$ 350,000
5.25% Senior Note [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	295,186	295,156
Debt Instrument, Face Amount	300,000	300,000
Real Estate Related Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	351,100
Other Real Estate Related Long-Term Debt [Member]
Debt Instrument [Line Items]
Real Estate Related and Other Long-Term Debt	398,509	365,564
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 9.7% and 9.8%, respectively	$ 50,883	$ 51,902

Long-Term Debt (Details 1)

Long-Term Debt (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2014	Jun. 30, 2014
Carrying value of Notes related discount and equity component
Amortization period of underwriters fees and debt issuance costs	8 years
5.00% Senior Note [Member]
Carrying value of Notes related discount and equity component
Debt Instrument, Face Amount	$ 550,000	$ 550,000	$ 200,000	$ 350,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Additional borrowings discount from face value	1.50%
Debt Instrument, Maturity Date Range, End	Jun. 1, 2022
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	35.00%
Redemption price percentage of principal outstanding and accrued unpaid interest	105.00%
Redemption price percentage of principal redeemed	100.00%

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)
Debt Instrument [Line Items]
Lease Expiration Date	Jun. 1, 2034
Short-term Debt	$ 10,300	$ 3,000
Long-term Debt (Textual)
Amortization period of underwriters fees and debt issuance costs	8 years
Current maturities of long-term debt and short-term financing	$ 37,506	$ 54,991
Debt, Long-term and Short-term, Combined Amount	$ 8,300
Number of manufacturer-affiliated finance partners	3
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	9.70%	9.80%
5.00% Senior Note [Member]
Long-term Debt (Textual)
Note agreement with a third party financial institution	$ 550,000	$ 550,000	$ 200,000	$ 350,000
Long-term Debt Underwriters Fees, Discount, and Debt Issuance Costs Original	$ 13,100
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Unamortized Underwriters Fees, Discount, and Debt Issuance Costs	$ 10,700
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	35.00%
Redemption price percentage of principal outstanding and accrued unpaid interest	105.00%
Redemption price percentage of principal redeemed	100.00%
Ending date of installments to be repaid	Jun. 1, 2022
Long-term Debt, Fair Value	$ 545,900
5.25% Senior Note [Member]
Long-term Debt (Textual)
Note agreement with a third party financial institution	$ 300,000	300,000
Debt Instrument, Interest Rate, Stated Percentage	5.25%
Amortization period of underwriters fees and debt issuance costs	8 years
Unamortized Underwriters Fees and Debt Issuance Costs	$ 4,800
Maturity date of of notes	Dec. 15, 2023
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	35.00%
Redemption price percentage of principal outstanding and accrued unpaid interest	105.25%
Redemption price percentage of principal redeemed	100.00%
Long-term Debt Underwriters Fees and Debt Issuance Costs Original	$ 5,000
Long-term Debt, Fair Value	298,500	297,800
Other Real Estate Related Long Term Debt [Member]
Long-term Debt (Textual)
Long-term Debt, Percentage Bearing Fixed Interest, Amount	99,400	100,700
Long-term Debt, Percentage Bearing Fixed Interest, Fair Value	100,500	102,400
Real Estate Related Debt [Member]
Long-term Debt (Textual)
Note agreement with a third party financial institution	351,100
Debt Issuance Cost	2,700
Unamortized debt issuance cost	800
Total borrowings	323,000
Current maturities of long-term debt and short-term financing	$ 17,300
Interest on real estate notes, minimum	3.00%
Interest on real estate notes, maximum	4.69%
Number of loans as per loan agreements	54
Proceeds from Issuance of Long-term Debt	$ 30,300
Repayments of Long-term Debt	$ 3,400
Real Estate Related Debt [Member] | Minimum [Member]
Long-term Debt (Textual)
Maturity date of of notes	May 1, 2017
Variable Interest Rate	1.50%
Amortization schedule	15 years
Real Estate Related Debt [Member] | Maximum [Member]
Long-term Debt (Textual)
Maturity date of of notes	Dec. 1, 2024
Variable Interest Rate	2.50%
Amortization schedule	20 years
Brazil Note [Member]
Long-term Debt (Textual)
Maturity date of of notes	Apr. 1, 2025
Total borrowings	$ 3,800
Current maturities of long-term debt and short-term financing	300
Brazilian third party financial institution [Member]
Debt Instrument [Line Items]
Short-term Debt	$ 6,100
Long-term Debt (Textual)
Ending date of installments to be repaid	Feb. 1, 2017
Borrowings Of Long Term Debt Related To Real Estate Loans	$ 0
Foreign Note [Member]
Long-term Debt (Textual)
Maturity date of of notes	Sep. 1, 2034
Total borrowings	$ 62,500
Current maturities of long-term debt and short-term financing	$ 5,000
Number of loans as per loan agreements	0
Proceeds from Issuance of Long-term Debt	$ 0
Repayments of Long-term Debt	1,200
Real Estate Credit Facility [Member]
Long-term Debt (Textual)
Total borrowings	$ 84,700	$ 54,300

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Derivative Assets, at Fair Value		$ 31,000
Assets:
Total	$ 4,463,000	4,397,000
Liabilities:
Interest rate derivative financial instruments	45,566,000	31,153,000
Total	45,566,000	31,153,000
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Derivative Assets, at Fair Value		0
Assets:
Total	0	0
Liabilities:
Interest rate derivative financial instruments	0	0
Total	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Derivative Assets, at Fair Value		31,000
Assets:
Total	4,463,000	4,397,000
Liabilities:
Interest rate derivative financial instruments	45,566,000	31,153,000
Total	45,566,000	31,153,000
Investments [Member]
Assets:
Investments, Fair Value Disclosure	4,332,000	4,235,000
Investments [Member] | Level 1 [Member]
Assets:
Investments, Fair Value Disclosure	0	0
Investments [Member] | Level 2 [Member]
Assets:
Investments, Fair Value Disclosure	4,332,000	4,235,000
Demand Obligation [Member]
Assets:
Investments, Fair Value Disclosure	131,000	131,000
Demand Obligation [Member] | Level 1 [Member]
Assets:
Investments, Fair Value Disclosure	0	0
Demand Obligation [Member] | Level 2 [Member]
Assets:
Investments, Fair Value Disclosure	$ 131,000	$ 131,000

Intangible Franchise Rights a55

Intangible Franchise Rights and Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Intangible Franchise Rights [Roll Forward]
Intangible Franchise Rights, Beginning Balance	$ 307,588
Additions through acquisitions	11,258
Currency Translation	1,049
Intangible Franchise Rights, Ending Balance	319,895
Goodwill [Roll Forward]
Goodwill, Beginning Balance	854,915
Goodwill, Acquired During Period	34,123
Goodwill, Purchase Accounting Adjustments	51
Goodwill, Written off Related to Sale of Business Unit	(2,226)
Goodwill, Translation Adjustments	(564)
Goodwill, Subsequent Recognition of Deferred Tax Asset	(6)
Goodwill, Ending Balance	886,293	[1]
Goodwill, Impaired, Accumulated Impairment Loss	97,800
U.S. [Member]
Intangible Franchise Rights [Roll Forward]
Intangible Franchise Rights, Beginning Balance	285,659
Additions through acquisitions	0
Currency Translation	0
Intangible Franchise Rights, Ending Balance	285,659
Goodwill [Roll Forward]
Goodwill, Beginning Balance	809,775	[1]
Goodwill, Acquired During Period	0
Goodwill, Purchase Accounting Adjustments	51
Goodwill, Written off Related to Sale of Business Unit	(2,035)
Goodwill, Translation Adjustments	0
Goodwill, Subsequent Recognition of Deferred Tax Asset	(6)
Goodwill, Ending Balance	807,785	[1]
U.K. [Member]
Intangible Franchise Rights [Roll Forward]
Intangible Franchise Rights, Beginning Balance	7,773
Additions through acquisitions	11,258
Currency Translation	(403)
Intangible Franchise Rights, Ending Balance	18,628
Goodwill [Roll Forward]
Goodwill, Beginning Balance	35,320	[1]
Goodwill, Acquired During Period	34,123
Goodwill, Purchase Accounting Adjustments	0
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Translation Adjustments	(1,566)
Goodwill, Subsequent Recognition of Deferred Tax Asset	0
Goodwill, Ending Balance	67,877	[1]
Brazil [Member]
Intangible Franchise Rights [Roll Forward]
Intangible Franchise Rights, Beginning Balance	14,156
Additions through acquisitions	0
Currency Translation	1,452
Intangible Franchise Rights, Ending Balance	15,608
Goodwill [Roll Forward]
Goodwill, Beginning Balance	9,820	[1]
Goodwill, Acquired During Period	0
Goodwill, Purchase Accounting Adjustments	0
Goodwill, Written off Related to Sale of Business Unit	(191)
Goodwill, Translation Adjustments	1,002
Goodwill, Subsequent Recognition of Deferred Tax Asset	0
Goodwill, Ending Balance	$ 10,631	[1]
[1]	1) Net of accumulated impairment of $97.8 million.

Accumulated Other Comprehensi56

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent	$ 2,155	$ (30,594)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(17,826)	(10,420)
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	(15,671)	(41,014)
Other Comprehensive Income (Loss), Foreign Currency Translation Gain (Loss) Arising During Period, Tax	0	0
Other Comprehensive Income (Loss), Tax	(1,269)	(1,180)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	2,155	(30,594)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	6,685	3,907
Other Comprehensive Income (Loss) before Reclassifications, Tax	6,685	3,907
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	0	0
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	(1,269)	(1,180)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(9,027)	(4,546)
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	(118,532)	(64,075)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Foreign Currency Translation, Net of Tax, Ending Balance	(116,377)	(94,669)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Beginning Balance	(19,452)	(17,909)
Accumulated Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Interest Rate Swaps, Net of Tax, Ending Balance	(28,479)	(22,455)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	(137,984)	(81,984)
Other comprehensive income (loss), net of tax	(6,872)	(35,140)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	(137,984)	(81,984)	$ (144,856)	$ (117,124)
Floorplan Interest Expense [Member]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0	0
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax	2,758	2,708
Other Comprehensive Income (Loss), before Tax	2,758	2,708
Interest Expense [Member]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	0	0
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax	625	439
Other Comprehensive Income (Loss), before Tax	$ 625	$ 439

Segment Information Segment I57

Segment Information Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Reporting Information, Profit (Loss) [Abstract]
REVENUES:	$ 2,608,355	$ 2,432,854
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	54,102	57,472
BENEFIT (PROVISION) FOR INCOME TAXES	(19,811)	(21,657)
Net Income (Loss) Attributable to Parent	34,291	35,815
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]
Assets	$ 4,533,846		$ 4,396,716
Segment Information	SEGMENT INFORMATION As of March 31, 2016 , 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 and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. 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. Reportable segment revenue, income (loss) before income taxes, (provision) benefit for income taxes and net income (loss) were as follows for the three months ended March 31, 2016 and 2015 : Three Months Ended March 31, 2016 U.S. U.K. Brazil Total (In thousands) Total revenues $ 2,081,632 $ 431,896 $ 94,827 $ 2,608,355 Income (loss) before income taxes 50,204 5,520 (1,622 ) 54,102 (Provision) benefit for income taxes (18,830 ) (1,170 ) 189 (19,811 ) Net income (loss) $ 31,374 (1 ) $ 4,350 $ (1,433 ) $ 34,291 Three Months Ended March 31, 2015 U.S. U.K. Brazil Total (In thousands) Total revenues $ 1,998,500 $ 299,541 $ 134,813 $ 2,432,854 Income (loss) before income taxes 53,156 5,121 (805 ) 57,472 Provision for income taxes (20,361 ) (999 ) (297 ) (21,657 ) Net income (loss) $ 32,795 $ 4,122 $ (1,102 ) $ 35,815 (1) Includes the following, after tax: loss due to catastrophic events of $1.7 million . Reportable segment total assets as of March 31, 2016 and December 31, 2015 were as follows: As of March 31, 2016 U.S. U.K. Brazil Total (In thousands) Total assets $ 3,871,312 $ 538,473 $ 124,061 $ 4,533,846 As of December 31, 2015 U.S. U.K. Brazil Total (In thousands) Total assets $ 3,923,001 $ 358,476 $ 115,239 $ 4,396,716
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Number of Reportable Segments	3
U.S. [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
REVENUES:	$ 2,081,632	1,998,500
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	50,204	53,156
BENEFIT (PROVISION) FOR INCOME TAXES	(18,830)	(20,361)
Net Income (Loss) Attributable to Parent	31,374	32,795
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]
Assets	3,871,312		3,923,001
United Kingdom [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
REVENUES:	431,896	299,541
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	5,520	5,121
BENEFIT (PROVISION) FOR INCOME TAXES	(1,170)	(999)
Net Income (Loss) Attributable to Parent	4,350	4,122
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]
Assets	538,473		358,476
Brazil [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
REVENUES:	94,827	134,813
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	(1,622)	(805)
BENEFIT (PROVISION) FOR INCOME TAXES	189	(297)
Net Income (Loss) Attributable to Parent	(1,433)	$ (1,102)
Segment Reporting Information, Additional Elements for Bank Presentation [Abstract]
Assets	124,061		$ 115,239
Net of taxes [Member] | U.S. [Member]
Segment Reporting Information [Line Items]
Loss from Catastrophes	$ 1,700

Condensed Consolidated Financ58

Condensed Consolidated Financial Information Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2016		Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 22,381		$ 13,037	$ 26,279	$ 40,975
Contracts-in-transit and vehicle receivables, net	209,542		252,438
Accounts and notes receivable, net	154,162		157,768
Intercompany accounts receivable	0		0
Inventories, net	1,826,531		1,737,751
Deferred income taxes			14,100
Prepaid expenses and other current assets	41,463		27,376
Total current assets	2,254,079		2,188,370
PROPERTY AND EQUIPMENT, net	1,063,852		1,033,981
GOODWILL	886,293	[1]	854,915
INTANGIBLE FRANCHISE RIGHTS	319,895		307,588
INVESTMENT IN SUBSIDIARIES	0		0
OTHER ASSETS	9,727		11,862
Total assets	4,533,846		4,396,716
Floorplan notes payable — credit facility and other	1,239,792		1,265,719
Offset account related to floorplan notes payable - credit facility	(104,081)		(110,759)
Floorplan notes payable - manufacturer affiliates	437,672		389,071
Offset account related to floorplan notes payable - manufacturer affiliates	(30,000)		(25,500)
Current maturities of long-term debt and short-term financing	37,506		54,991
Accounts payable	327,594		280,423
Intercompany accounts payable	0		0
Accrued expenses	194,870		185,323
Total current liabilities	2,103,353		2,039,268
LONG-TERM DEBT, net of current maturities	1,256,679		1,199,534
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	43,122		31,153
DEFERRED INCOME TAXES AND OTHER LIABILITIES	217,899		208,509
Group 1 stockholders’ equity	912,793		918,252
Intercompany note receivable	0		0
Total stockholders’ equity	912,793		918,252
Total liabilities and stockholders’ equity	4,533,846		4,396,716
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0		0	0	0
Contracts-in-transit and vehicle receivables, net	0		0
Accounts and notes receivable, net	0		0
Intercompany accounts receivable	0		0
Inventories, net	0		0
Prepaid expenses and other current assets	512		5,312
Total current assets	512		5,312
PROPERTY AND EQUIPMENT, net	0		0
GOODWILL	0		0
INTANGIBLE FRANCHISE RIGHTS	0		0
INVESTMENT IN SUBSIDIARIES	2,535,020		2,388,081
OTHER ASSETS	0		0
Total assets	2,535,532		2,393,393
Floorplan notes payable — credit facility and other	0		0
Offset account related to floorplan notes payable - credit facility	0		0
Floorplan notes payable - manufacturer affiliates	0		0
Offset account related to floorplan notes payable - manufacturer affiliates	0		0
Current maturities of long-term debt and short-term financing	0		0
Accounts payable	0		0
Intercompany accounts payable	643,837		503,333
Accrued expenses	0		0
Total current liabilities	643,837		503,333
LONG-TERM DEBT, net of current maturities	834,495		834,090
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	0		0
DEFERRED INCOME TAXES AND OTHER LIABILITIES	(451)		(265)
Group 1 stockholders’ equity	1,057,651		1,056,235
Intercompany note receivable	0		0
Total stockholders’ equity	1,057,651		1,056,235
Total liabilities and stockholders’ equity	2,535,532		2,393,393
Guarantor Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	5,366		6,338	4,449	25,379
Contracts-in-transit and vehicle receivables, net	160,229		233,275
Accounts and notes receivable, net	115,308		132,078
Intercompany accounts receivable	2,874		1,192
Inventories, net	1,573,643		1,533,166
Prepaid expenses and other current assets	10,528		8,946
Total current assets	1,867,948		1,914,995
PROPERTY AND EQUIPMENT, net	919,728		916,338
GOODWILL	807,785		809,775
INTANGIBLE FRANCHISE RIGHTS	285,660		285,659
INVESTMENT IN SUBSIDIARIES	0		0
OTHER ASSETS	5,676		5,950
Total assets	3,886,797		3,932,717
Floorplan notes payable — credit facility and other	1,237,352		1,261,606
Offset account related to floorplan notes payable - credit facility	(104,081)		(110,759)
Floorplan notes payable - manufacturer affiliates	324,274		303,810
Offset account related to floorplan notes payable - manufacturer affiliates	(30,000)		(25,500)
Current maturities of long-term debt and short-term financing	21,812		47,015
Accounts payable	167,504		178,544
Intercompany accounts payable	0		0
Accrued expenses	169,222		167,509
Total current liabilities	1,786,083		1,822,225
LONG-TERM DEBT, net of current maturities	351,901		300,788
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	43,122		31,153
DEFERRED INCOME TAXES AND OTHER LIABILITIES	207,756		203,824
Group 1 stockholders’ equity	2,141,772		2,078,060
Intercompany note receivable	(643,837)		(503,333)
Total stockholders’ equity	1,497,935		1,574,727
Total liabilities and stockholders’ equity	3,886,797		3,932,717
Non-Guarantor Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	17,015		6,699	$ 21,830	$ 15,596
Contracts-in-transit and vehicle receivables, net	49,313		19,163
Accounts and notes receivable, net	38,854		25,690
Intercompany accounts receivable	0		0
Inventories, net	252,888		204,585
Prepaid expenses and other current assets	30,423		13,118
Total current assets	388,493		269,255
PROPERTY AND EQUIPMENT, net	144,124		117,643
GOODWILL	78,508		45,140
INTANGIBLE FRANCHISE RIGHTS	34,235		21,929
INVESTMENT IN SUBSIDIARIES	0		0
OTHER ASSETS	4,051		5,912
Total assets	649,411		459,879
Floorplan notes payable — credit facility and other	2,440		4,113
Offset account related to floorplan notes payable - credit facility	0		0
Floorplan notes payable - manufacturer affiliates	113,398		85,261
Offset account related to floorplan notes payable - manufacturer affiliates	0		0
Current maturities of long-term debt and short-term financing	15,694		7,976
Accounts payable	160,090		101,879
Intercompany accounts payable	2,874		1,192
Accrued expenses	25,648		17,814
Total current liabilities	320,144		218,235
LONG-TERM DEBT, net of current maturities	70,283		64,656
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	0		0
DEFERRED INCOME TAXES AND OTHER LIABILITIES	10,594		4,950
Group 1 stockholders’ equity	248,390		172,038
Intercompany note receivable	0		0
Total stockholders’ equity	248,390		172,038
Total liabilities and stockholders’ equity	649,411		459,879
Consolidation, Eliminations [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0		0
Contracts-in-transit and vehicle receivables, net	0		0
Accounts and notes receivable, net	0		0
Intercompany accounts receivable	(2,874)		(1,192)
Inventories, net	0		0
Prepaid expenses and other current assets	0		0
Total current assets	(2,874)		(1,192)
PROPERTY AND EQUIPMENT, net	0		0
GOODWILL	0		0
INTANGIBLE FRANCHISE RIGHTS	0		0
INVESTMENT IN SUBSIDIARIES	(2,535,020)		(2,388,081)
OTHER ASSETS	0		0
Total assets	(2,537,894)		(2,389,273)
Floorplan notes payable — credit facility and other	0		0
Offset account related to floorplan notes payable - credit facility	0		0
Floorplan notes payable - manufacturer affiliates	0		0
Offset account related to floorplan notes payable - manufacturer affiliates	0		0
Current maturities of long-term debt and short-term financing	0		0
Accounts payable	0		0
Intercompany accounts payable	(646,711)		(504,525)
Accrued expenses	0		0
Total current liabilities	(646,711)		(504,525)
LONG-TERM DEBT, net of current maturities	0		0
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	0		0
DEFERRED INCOME TAXES AND OTHER LIABILITIES	0		0
Group 1 stockholders’ equity	(2,535,020)		(2,388,081)
Intercompany note receivable	643,837		503,333
Total stockholders’ equity	(1,891,183)		(1,884,748)
Total liabilities and stockholders’ equity	$ (2,537,894)		$ (2,389,273)
[1]	1) Net of accumulated impairment of $97.8 million.

Condensed Consolidated Financ59

Condensed Consolidated Financial Information Condensed Consolidated Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Income Statements, Captions [Line Items]
REVENUES:	$ 2,608,355	$ 2,432,854
COST OF SALES:	2,219,254	2,068,970
GROSS PROFIT	389,101	363,884
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	293,664	271,469
DEPRECIATION AND AMORTIZATION EXPENSE	12,464	11,684
ASSET IMPAIRMENTS	932	0
INCOME FROM OPERATIONS	82,041	80,731
Floorplan interest expense	(11,010)	(9,348)
Interest Expense, Other	(16,929)	(13,911)
Loss on extinguishment of long-term debt		0
INCOME BEFORE INCOME TAXES	54,102	57,472
BENEFIT (PROVISION) FOR INCOME TAXES	(19,811)	(21,657)
EQUITY IN EARNINGS OF SUBSIDIARIES	0	0
NET INCOME	34,291	35,815
COMPREHENSIVE LOSS	(6,872)	(35,140)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	27,419	675
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
REVENUES:	0	0
COST OF SALES:	0	0
GROSS PROFIT	0	0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	1,203	1,231
DEPRECIATION AND AMORTIZATION EXPENSE	0	0
ASSET IMPAIRMENTS	0	0
INCOME FROM OPERATIONS	(1,203)	(1,231)
Floorplan interest expense	0	0
Interest Expense, Other	0	592
Loss on extinguishment of long-term debt		0
INCOME BEFORE INCOME TAXES	(1,203)	(639)
BENEFIT (PROVISION) FOR INCOME TAXES	450	240
EQUITY IN EARNINGS OF SUBSIDIARIES	35,044	36,214
NET INCOME	34,291	35,815
COMPREHENSIVE LOSS	0	0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	34,291	35,815
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
REVENUES:	2,081,633	1,998,500
COST OF SALES:	1,748,923	1,684,012
GROSS PROFIT	332,710	314,488
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	243,014	227,472
DEPRECIATION AND AMORTIZATION EXPENSE	10,596	10,118
ASSET IMPAIRMENTS	509	0
INCOME FROM OPERATIONS	78,591	76,898
Floorplan interest expense	(10,048)	(8,519)
Interest Expense, Other	(16,052)	(12,723)
Loss on extinguishment of long-term debt		0
INCOME BEFORE INCOME TAXES	52,491	55,656
BENEFIT (PROVISION) FOR INCOME TAXES	(19,281)	(20,602)
EQUITY IN EARNINGS OF SUBSIDIARIES	0	0
NET INCOME	33,210	35,054
COMPREHENSIVE LOSS	(9,027)	(4,546)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	24,183	30,508
Non-Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
REVENUES:	526,722	434,354
COST OF SALES:	470,331	384,958
GROSS PROFIT	56,391	49,396
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	49,447	42,766
DEPRECIATION AND AMORTIZATION EXPENSE	1,868	1,566
ASSET IMPAIRMENTS	423	0
INCOME FROM OPERATIONS	4,653	5,064
Floorplan interest expense	(962)	(829)
Interest Expense, Other	(877)	(1,780)
Loss on extinguishment of long-term debt		0
INCOME BEFORE INCOME TAXES	2,814	2,455
BENEFIT (PROVISION) FOR INCOME TAXES	(980)	(1,295)
EQUITY IN EARNINGS OF SUBSIDIARIES	0	0
NET INCOME	1,834	1,160
COMPREHENSIVE LOSS	2,155	(30,594)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	3,989	(29,434)
Consolidation, Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
REVENUES:	0	0
COST OF SALES:	0	0
GROSS PROFIT	0	0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	0	0
DEPRECIATION AND AMORTIZATION EXPENSE	0	0
ASSET IMPAIRMENTS	0	0
INCOME FROM OPERATIONS	0	0
Floorplan interest expense	0	0
Interest Expense, Other	0	0
Loss on extinguishment of long-term debt		0
INCOME BEFORE INCOME TAXES	0	0
BENEFIT (PROVISION) FOR INCOME TAXES	0	0
EQUITY IN EARNINGS OF SUBSIDIARIES	(35,044)	(36,214)
NET INCOME	(35,044)	(36,214)
COMPREHENSIVE LOSS	0	0
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	$ (35,044)	$ (36,214)

Condensed Consolidated Financ60

Condensed Consolidated Financial Information Condensed Consolidated Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	$ 116,075	$ 58,167
Cash paid in acquisitions, net of cash received	(51,110)	(50,142)
Proceeds from disposition of franchises, property and equipment	13,871	1,171
Purchases of property and equipment, including real estate	(33,702)	(23,157)
Other	(106)	287
Net cash used in investing activities	(71,047)	(71,841)
Borrowings on credit facility - floorplan line and other	1,648,527	1,597,034
Repayments on credit facility - floorplan line and other	(1,666,103)	(1,641,072)
Borrowings on credit facility - acquisition line	40,000	189,933
Repayment on credit facility - acquisition line	(40,000)	(135,907)
Borrowings on other debt	7,415	13,678
Principal payments on other debt	(12,768)	(10,644)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs	30,331	17,600
Principal payments on debt related to real estate	(5,538)	(6,458)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans	(1,243)	(2,140)
Repurchases of common stock, amounts based on settlement date	(31,945)	(16,175)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	(53)	1,004
Dividends paid	(5,148)	(4,892)
Borrowings (repayments) with subsidiaries	0	0
Investment in subsidiaries	0	0
Distributions to parent	0	0
Net cash provided by (used in) financing activities	(36,525)	1,961
Effect of Exchange Rate on Cash and Cash Equivalents	841	(2,983)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	9,344	(14,696)
Cash and cash equivalents	22,381	26,279	$ 13,037	$ 40,975
Parent Company [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	34,292	(399)
Cash paid in acquisitions, net of cash received	0	0
Proceeds from disposition of franchises, property and equipment	0	0
Purchases of property and equipment, including real estate	0	0
Other	0	0
Net cash used in investing activities	0	0
Borrowings on credit facility - floorplan line and other	0	0
Repayments on credit facility - floorplan line and other	0	0
Borrowings on credit facility - acquisition line	40,000	189,933
Repayment on credit facility - acquisition line	(40,000)	(135,907)
Borrowings on other debt	0	0
Principal payments on other debt	0	0
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs	0	0
Principal payments on debt related to real estate	0	0
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans	(1,243)	(2,140)
Repurchases of common stock, amounts based on settlement date	(31,945)	(16,175)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	0	0
Dividends paid	(5,148)	(4,892)
Borrowings (repayments) with subsidiaries	150,983	9,831
Investment in subsidiaries	(146,939)	(40,251)
Distributions to parent	0	0
Net cash provided by (used in) financing activities	(34,292)	399
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	0
Cash and cash equivalents	0	0	0	0
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	85,665	57,971
Cash paid in acquisitions, net of cash received	0	(50,142)
Proceeds from disposition of franchises, property and equipment	12,681	816
Purchases of property and equipment, including real estate	(29,121)	(16,949)
Other	(255)	287
Net cash used in investing activities	(16,695)	(65,988)
Borrowings on credit facility - floorplan line and other	1,648,527	1,597,034
Repayments on credit facility - floorplan line and other	(1,666,103)	(1,641,072)
Borrowings on credit facility - acquisition line	0	0
Repayment on credit facility - acquisition line	0	0
Borrowings on other debt	0	0
Principal payments on other debt	(230)	0
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs	30,331	0
Principal payments on debt related to real estate	(4,325)	(5,938)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans	0	0
Repurchases of common stock, amounts based on settlement date	0	0
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	(53)	1,004
Dividends paid	0	0
Borrowings (repayments) with subsidiaries	(152,665)	9,239
Investment in subsidiaries	74,576	26,820
Distributions to parent	0	0
Net cash provided by (used in) financing activities	(69,942)	(12,913)
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(972)	(20,930)
Cash and cash equivalents	5,366	4,449	6,338	25,379
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	(3,882)	595
Cash paid in acquisitions, net of cash received	(51,110)	0
Proceeds from disposition of franchises, property and equipment	1,190	355
Purchases of property and equipment, including real estate	(4,581)	(6,208)
Other	149	0
Net cash used in investing activities	(54,352)	(5,853)
Borrowings on credit facility - floorplan line and other	0	0
Repayments on credit facility - floorplan line and other	0	0
Borrowings on credit facility - acquisition line	0	0
Repayment on credit facility - acquisition line	0	0
Borrowings on other debt	7,415	13,678
Principal payments on other debt	(12,538)	(10,644)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs	0	17,600
Principal payments on debt related to real estate	(1,213)	(520)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans	0	0
Repurchases of common stock, amounts based on settlement date	0	0
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	0	0
Dividends paid	0	0
Borrowings (repayments) with subsidiaries	1,682	(19,070)
Investment in subsidiaries	72,363	13,431
Distributions to parent	0	0
Net cash provided by (used in) financing activities	67,709	14,475
Effect of Exchange Rate on Cash and Cash Equivalents	841	(2,983)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	10,316	6,234
Cash and cash equivalents	17,015	$ 21,830	6,699	$ 15,596
Consolidation, Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash and cash equivalents	$ 0		$ 0

Subsequent Events Subsequent Ev

Subsequent Events Subsequent Events (Details) - Subsequent Event [Member] shares in Thousands, $ in Millions	1 Months Ended
	Apr. 30, 2016USD ($)shares
Subsequent Event [Line Items]
Treasury Stock, Carrying Basis | $	$ 50
Treasury Stock, Shares, Acquired | shares	911,207