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IMPAIRMENT CHARGES
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
IMPAIRMENT CHARGES IMPAIRMENT CHARGES
During the fourth quarter of 2024, the dealerships specified within the Purchase Agreements and Waller Land Sale Agreement, met the held for sale criteria and the assets and liabilities associated with these dealerships were reclassified as assets held for sale and liabilities held for sale in our balance sheets. As discussed in Note 10 - Assets Held for Sale, we recorded a loss on assets held for sale in 2024 of $21.4 million. Additionally, as discussed in Note 9 - Goodwill and Intangible Assets, definite-lived intangible assets associated with the dealerships specified within the Purchase Agreements were also evaluated for impairment. This evaluation resulted in impairment charges of $17.7 million.
As discussed in Note 9 - Goodwill and Intangible Assets, we recognized a goodwill impairment charge of $118.0 million in 2023. Additionally, in the first quarter of 2023, we recorded an impairment charge of $0.6 million related to the write-off of capitalized software that we determined we would not utilize.