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Acquisitions and Dispositions Acquisitions and Dispositions
3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block]
ACQUISITIONS AND DISPOSITIONS
During the three months ended March 31, 2017, the Company opened one dealership for one awarded franchise in the U.K. and added motorcycles to an existing BMW dealership in Brazil. In addition, during the three months ended March 31, 2017, the Company disposed of two dealerships in Brazil representing two franchises.
During the three months ended March 31, 2016, the Company acquired 12 U.K. dealerships, inclusive of 15 franchises. The purchase price for these dealerships totaled $56.1 million, including the associated real estate and goodwill. Also, included in the purchase price of $56.1 million was $3.9 million of cash received in the acquisition of the dealerships and a payable to the seller as of March 31, 2016 of $1.1 million. The purchase price was allocated based upon the consideration paid and the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. In addition, during the three months ended March 31, 2016, the Company disposed of two U.S. dealerships and two dealerships in Brazil. As a result of these U.S. and Brazil dispositions, a net pretax gain of $0.9 million and a net pretax loss of $1.0 million, respectively, including related asset impairments, were recognized for the three months ended March 31, 2016.