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Goodwill and Franchise Value (Tables) | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following is a roll-forward of goodwill (in millions):
|  | Domestic |  | Import |  | Luxury |  | Consolidated
Balance as of December 31, 2017 ¹ |  | $ | 114.0 |  |  | $ | 104.3 |  |  | $ | 38.0 |  |  | $ | 256.3 |
Adjustments to purchase price allocations 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 |  | 6.2 |  |  | 9.0 |  |  | 2.2 |  |  | 17.4 |
Reductions from impairments |  | (0.3 | ) |  | (1.3 | ) |  | (0.1 | ) |  | (1.7 | )
Reductions through divestitures |  | (0.2 | ) |  | (0.9 | ) |  | — |  |  | (1.1 | )
Balance as of December 31, 2019 1 |  | $ | 171.8 |  |  | $ | 197.3 |  |  | $ | 85.5 |  |  | $ | 454.6 |
(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 2018 acquisitions of the Ray Laks Honda, Ray Laks Acura, Day Auto Group, Prestige Auto Group, and Buhler Ford were finalized in 2019. As a result, we added $22.5 million of goodwill. Our purchase price allocation for the 2019 acquisitions are preliminary and goodwill is not yet allocated to our segments. These amounts are included in other non-current assets until we finalize our purchase accounting. See Note 15.
Schedule of Franchise Value | The following is a roll-forward of franchise value (in millions):
|  | Franchise Value
Balance as of December 31, 2017 |  | $ | 187.0 |
Additions through acquisitions |  | 103.5 |
Adjustments to purchase price allocations 1 |  | (1.8 | )
Balance as of December 31, 2018 |  | 288.7 |
Additions through acquisitions 2 |  | 20.9 |
Adjustments to purchase price allocations 2 |  | 3.5 |
Reductions through divestitures |  | (6.0 | )
Reductions from impairments |  | (0.4 | )
Balance as of December 31, 2019 |  | $ | 306.7 |
(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 2018 acquisitions of the Ray Laks Honda, Ray Laks Acura, Day Auto Group, Prestige Auto Group, and Buhler Ford were finalized in 2019. As a result, we added $24.4 million of franchise value. Our purchase price allocation for the 2019 acquisitions are preliminary and franchise value is not yet allocated to our segments. These amounts are included in other non-current assets until we finalize our purchase accounting. See Note 15.

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