Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Analyst for Rexford Henderson – Raymond James
Analyst for Rexford Henderson – Raymond James
The first one has to do with some of the write down charges. I'm trying to understand. Talking about $32.8 million after tax related to some of the franchise. I'm wondering if you wouldn't mind breaking out what dealerships those were, what brands they were and maybe comparing, contrast that to what type of dealerships are in the for sale pipeline, and maybe get a feel there, what types of brands.
Sid DeBoer
We go through a pretty comprehensive model on the analysis and our forecasts and so forth, and adjust things based on the trends that we're seeing, and historical trends and so forth, and we go through every store and every brand and analyze that. And then we compare that to our market cap and our risk premium and so forth. And then we have to write down basically according to the accounting rules anything that was not justifiable compared to that market cap.
The brands in the stores are mainly domestic stores pretty much. Import and luxury stores, we don't see a lot of impairment on, and that's really the simple answer to that question.
Jeff DeBoer
The majority of them are focused on domestic stores. The only time that we're looking at an import store is if it's combined with domestic stores that we believe that we need to exit the market because it may be too small of an import store. So those are the only times we would look at an import store as a divestiture. Everything else is focused on Chrysler, Ford and General Motors.
Analyst for Rexford Henderson – Raymond James
In moving over to the inventory side, I know we've got a breakdown of what the sales look like. Any chance of getting what the inventory looks like as far as trucks versus cars out there?
Sid DeBoer
We've made a lot of progress as Brian indicated, and we've aggressively reduced inventory mix, and mark down prices, and we've gotten them very close to being in line. They got out of line in May and June, April, May, June was really the time period. And the end of June and July we've really tackled that and its very close to being in line with where we want. A little more progress. By the end of July, I think we'll have it right in line.
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