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Goodwill and Franchise Value (Tables)
 3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amounts of goodwill are as follows (in millions):
 
 
Domestic
 
Import
 
Luxury
 
Consolidated
Balance as of December 31, 2017 ¹
 
$
114.0

 
$
104.3

 
$
38.0

 
$
256.3

Additions through acquisitions 2
 
51.4

 
85.8

 
43.5

 
180.7

Reductions through divestitures
 
(0.9
)
 
(1.2
)
 
—

 
(2.1
)
Balance as of December 31, 2018 ¹
 
164.5

 
188.9

 
81.5

 
434.9

Adjustments to purchase price allocations 3
 
1.6

 
1.6

 
1.9

 
5.1

Additions through acquisitions 3
 
5.9

 
8.8

 
2.1

 
16.8

Balance as of March 31, 2019 1, 4
 
$
172.0

 
$
199.3

 
$
85.5

 
$
456.8

1 Net of accumulated impairment losses of $299.3 million recorded during the year ended December 31, 2008.
2 Our purchase price allocation for the 2017 acquisitions of the Baierl Auto Group, the Downtown LA Auto Group, Crater Lake Ford Lincoln, Crater Lake Mazda, Albany CJD Fiat and the 2018 acquisition of Broadway Ford were finalized in 2018. Also, our purchase price allocation for the 2018 acquisition of Prestige Auto Group was preliminary and was allocated to our segments in 2018. As a result, we added $180.7 million of goodwill.
3 Our purchase price allocation for the acquisitions of the Ray Laks Honda, Ray Laks Acura, Day Auto Group, and Prestige Auto Group were finalized in 2019. As a result, we added $21.9 million of goodwill.
4 Our purchase price allocation is preliminary for the 2018 acquisition of Buhler Ford and has not been included in the above goodwill additions.
Schedule of Franchise Value
The changes in the carrying amounts of franchise value are as follows (in millions):
 
Franchise Value
Balance as of December 31, 2017
$
187.0

Additions through acquisitions 1
103.5

Reductions through divestitures
(1.8
)
Balance as of December 31, 2018
288.7

Adjustments to purchase price allocations 2
3.5

Additions through acquisitions 2
18.9

Reductions through divestitures
(3.0
)
Balance as of March 31, 2019 3
$
308.1

1 Our purchase price allocation for the 2017 acquisitions of the Baierl Auto Group, the Downtown LA Auto Group, Crater Lake Ford Lincoln, Crater Lake Mazda, Albany CJD Fiat and the 2018 acquisition of Broadway Ford were finalized in 2018. Also, our purchase price allocation for the 2018 acquisition of Prestige Auto Group was preliminary and was allocated to our segments in 2018. As a result, we added $103.5 million of franchise value.
2 Our purchase price allocation for the acquisitions of the Ray Laks Honda, Ray Laks Acura, Day Auto Group, and Prestige Auto Group were finalized in 2019. As a result, we added $22.4 million of franchise value.
3Our purchase price allocation is preliminary for the 2018 acquisition of Buhler Ford and has not been included in the above franchise value additions.