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Goodwill and Franchise Value (Tables) | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following is a roll-forward of goodwill:
(Dollars in millions) |  | Domestic |  | Import |  | Luxury |  | Consolidated
Balance as of December 31, 2019 ¹ |  | $ | 171.8 |  |  | $ | 197.3 |  |  | $ | 85.5 |  |  | $ | 454.6 |
Additions through acquisitions 2 |  | 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 |
Additions through acquisitions 3 |  | 101.0 |  |  | 188.7 |  |  | 105.8 |  |  | 395.5 |
Reductions through divestitures |  | (1.5) |  |  | (8.4) |  |  | (1.3) |  |  | (11.2) |
Balance as of December 31, 2021 1 |  | $ | 304.0 |  |  | $ | 468.2 |  |  | $ | 205.1 |  |  | $ | 977.3 |
(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 2019 acquisitions were finalized in 2020. As a result, we added $144.9 million of goodwill. (3)Our purchase price allocation for the 2020 acquisitions were finalized in 2021. As a result, we added $395.5 million of goodwill. Our purchase price allocation for the 2021 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, 2019 |  | $ | 306.7 |
Additions through acquisitions 1 |  | 51.9 |
Reductions through divestitures |  | (4.0) |
Reductions from impairments |  | (4.4) |
Balance as of December 31, 2020 |  | 350.2 |
Additions through acquisitions 2 |  | 459.7 |
Reductions through divestitures |  | (8.9) |
Reductions from impairments |  | (1.9) |
Balance as of December 31, 2021 |  | $ | 799.1 |
(1)Our purchase price allocation for the 2019 acquisitions were finalized in 2020. As a result, we added $51.9 million of franchise value. (2)Our purchase price allocation for the 2020 acquisitions were finalized in 2021. As a result, we added $459.7 million of franchise value. Our purchase price allocation for the 2021 acquisitions are preliminary and is not yet allocated to our segments. See Note 15.

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