Business Acquisitions and Dispositions
|3 Months Ended|
Mar. 31, 2021
|Business Combinations [Abstract]|
|Business Acquisitions and Dispositions||
2. Business Acquisitions and Dispositions
We acquired one pre-owned business during the three months ended March 31, 2021 for a gross purchase price (including inventory acquired and subsequently funded by floor plan notes payable) of approximately $8.8 million. We did not acquire any businesses during the three months ended March 31, 2020.We did not dispose of any dealerships during the three months ended March 31, 2021 and 2020.
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef