GOODWILL AND INTANGIBLE FRANCHISE RIGHTS (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangibles

The changes in goodwill and intangible franchise rights for the years ended December 31, 2023 and 2022 are as follows:

	Goodwill
	Dealerships		TCA		Total
	(In millions)
Balance as of December 31, 2021 (a)	$	1,561.4	$	710.3	$	2,271.7
Reclassified from assets held for sale	118.5		—		118.5
Acquisitions - measurement period adjustments	(337.0)		(173.7)		(510.7)
Divestitures	(95.2)		—		(95.2)
Reclassified to assets held for sale	(0.9)		—		(0.9)
Balance as of December 31, 2022 (a)	$	1,246.8	$	536.6	$	1,783.4
Reclassified from assets held for sale	0.9		—		0.9
Acquisitions	240.8		—		240.8
Divestitures	(0.9)		—		(0.9)
Impairments	(14.9)		—		(14.9)
Reclassified to assets held for sale	(0.3)		—		(0.3)
Balance as of December 31, 2023 (a)	$	1,472.4	$	536.6	$	2,009.0

_____________________________

(a) Net of accumulated impairment losses of $537.7 million recorded prior to the year ended December 31, 2021.

	Intangible Franchise Rights
	(In millions)
Balance as of December 31, 2021	$	1,335.7
Reclassified from assets held for sale	110.0
Acquisitions - measurement-period adjustments	517.7
Divestitures	(163.3)
Balance as of December 31, 2022	$	1,800.1
Acquisitions	429.0
Impairments	(102.3)
Reclassified to assets held for sale	(31.0)
Balance as of December 31, 2023	$	2,095.8