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ASSETS HELD FOR SALE
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
ASSETS HELD FOR SALE ASSETS HELD FOR SALE
Assets and liabilities classified as held for sale include (i) assets and liabilities associated with pending dealership disposals,(ii) real estate not currently used in our operations that we are actively marketing to sell and (iii) the related mortgage notes payable, if applicable.
A summary of assets held for sale and liabilities associated with assets held for sale is as follows:
As of December 31,
20232022
(In millions)
Assets:
Inventory$84.5 $3.4 
Loaners, net4.5 0.9 
Property and equipment, net136.6 24.0 
Operating lease right-of-use assets2.1 — 
Goodwill26.1 0.9 
Franchise rights88.5 — 
Total assets held for sale342.2 29.1 
Liabilities:
Floor plan notes payable—non-trade— 2.8 
Loaners/ Notes payable— 0.8 
Current maturities of long-term debt— 0.6 
Current maturities of operating leases0.2 — 
Long-term debt— 6.2 
Operating lease liabilities 1.9 — 
Total liabilities associated with assets held for sale2.1 10.5 
Net assets held for sale$340.1 $18.7 
As of December 31, 2023, assets held for sale consisted of 11 franchise (11 dealership locations) in addition to one real estate property not currently used in our operations.
As of December 31, 2022, assets held for sale consisted of one franchise (one dealership location) in addition to one real estate property not currently used in our operations.
During the year ended December 31, 2023, the Company sold one franchise (one dealership location) for a pre-tax gain totaling $13.5 million.
During the year ended December 31, 2022, the Company sold 18 franchises (16 dealership locations) and three collision centers for a pre-tax gain totaling $207.1 million.