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Goodwill and Franchise Value (Tables)
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following is a roll-forward of goodwill:
(Dollars in millions)DomesticImportLuxuryConsolidated
Balance as of December 31, 2018 ¹$164.5 $188.9 $81.5 $434.9 
Adjustments to purchase price allocations 2
1.6 1.6 1.9 5.1 
Additions through acquisitions 2
6.2 9.0 2.2 17.4 
Reductions through divestitures(0.2)(0.9)— (1.1)
Reductions from impairments(0.3)(1.3)(0.1)(1.7)
Balance as of December 31, 2019 ¹171.8 197.3 85.5 454.6 
Additions through acquisitions 3
33.3 94.3 17.3 144.9 
Reductions through divestitures(0.1)(0.7)(2.2)(3.0)
Reductions from impairments(0.5)(3.0)— (3.5)
Balance as of December 31, 2020 1
$204.5 $287.9 $100.6 $593.0 
(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 2018 acquisitions were finalized in 2019. As a result, we added $22.5 million of goodwill.
(3)Our purchase price allocation for a portion of the 2019 acquisitions were finalized in 2020. As a result, we added $144.9 million of goodwill. Our purchase price allocation for the remaining 2020 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:
(Dollars in millions)Franchise Value
Balance as of December 31, 2018$288.7 
Adjustments to purchase price allocations1
3.5 
Additions through acquisitions1
20.9 
Reductions through divestitures(6.0)
Reductions from impairments(0.4)
Balance as of December 31, 2019306.7 
Additions through acquisitions2
51.9 
Reductions through divestitures(4.0)
Reductions from impairments(4.4)
Balance as of December 31, 2020$350.2 
(1)Our purchase price allocation for the 2018 acquisitions were finalized in 2019. As a result, we added $24.4 million of franchise value.
(2)Our purchase price allocation for a portion of the 2019 acquisitions was finalized in 2020. As a result, we added $51.9 million of franchise value. Our purchase price allocation for the remaining 2020 acquisitions are preliminary and is not yet allocated to our segments. See Note 15.