Quarterly report [Sections 13 or 15(d)]

Intangible Assets, Goodwill and Other (Tables)

v3.25.1
Intangible Assets, Goodwill and Other (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Franchised
Dealerships
Segment
EchoPark Segment Powersports Segment Total
(In millions)
Balance at December 31, 2023 (1) $ 229.8  $ —  $ 24.0  $ 253.8 
Additions through current year acquisitions 8.1  —  3.3  11.4 
Reductions from dispositions (0.2) —  —  (0.2)
Prior year acquisition allocations 93.5  —  —  93.5 
Balance at December 31, 2024 (1) $ 331.2  $ —  $ 27.3  $ 358.5 
Prior year acquisition allocations (0.3) —  —  (0.3)
Balance at March 31, 2025 (1) $ 330.9  $ —  $ 27.3  $ 358.2 
(1)Net of accumulated impairment losses of $1.1 billion and $202.9 million related to the Franchised Dealerships Segment and the EchoPark Segment, respectively.

The changes in the carrying amount of franchise assets for the year ended December 31, 2024 and the three months ended March 31, 2025 were as follows:
  Franchised Dealerships Segment EchoPark Segment Powersports Segment
Total
(In millions)
Balance at December 31, 2023 $ 371.7  $ —  $ 45.7  $ 417.4 
Additions through current year acquisitions 10.9  —  2.0  12.9 
Balance at December 31, 2024 $ 382.6  $ —  $ 47.7  $ 430.3 
Reductions from impairment —  —  (0.7) (0.7)
Balance at March 31, 2025 $ 382.6  $ —  $ 47.0  $ 429.6