Sonic Automotive, Inc. Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

The changes in the carrying amount of franchise assets for 2023 and 2022 were as follows:


	Franchised Dealerships Segment		EchoPark Segment		Powersports Segment		Total
	(In millions)
Balance at December 31, 2021	$	476.3	$	3.9	$	—	$	480.2
Additions through current year acquisitions	10.0		—		23.1		33.1
Reductions from dispositions	(0.2)		—		—		(0.2)
Reductions from impairment	(114.4)		(2.0)		—		(116.4)

Balance at December 31, 2022	$	371.7	$	1.9	$	23.1	$	396.7
Additions through current year acquisitions	—		—		22.6		22.6
Reductions from dispositions	—		(1.9)		—		(1.9)


Balance at December 31, 2023	$	371.7	$	—	$	45.7	$	417.4