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ASSETS HELD FOR SALE | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
ASSETS HELD FOR SALE | ASSETS HELD FOR SALE Assets and liabilities classified as held for sale include assets and liabilities associated with pending dealership disposals, and real estate not currently used in our operations that we are actively marketing to sell. A summary of assets held for sale and liabilities associated with assets held for sale is as follows:
| As of December 31,
| 2024 |  | 2023
| (In millions)
Assets: |  |  |
Inventory | $ | 58.7 |  |  | $ | 84.5 |
Loaners, net | 1.5 |  |  | 4.5 |
Property and equipment, net | 89.1 |  |  | 136.6 |
Operating lease right-of-use assets | 1.9 |  |  | 2.1 |
Goodwill | — |  |  | 26.1 |
Franchise rights | 23.1 |  |  | 88.5 |
Total assets held for sale | 174.4 |  |  | 342.2 |
Liabilities: |  |  |
Current maturities of operating leases | 0.2 |  |  | 0.2 |
Operating lease liabilities | 1.7 |  |  | 1.9 |
Total liabilities associated with assets held for sale | 1.9 |  |  | 2.1 |
Net assets held for sale | $ | 172.4 |  |  | $ | 340.1 |
As of December 31, 2024, assets held for sale consisted of seven franchises (six dealership locations) in a ddit ion to one real estate property not currently used in our operations. As of December 31, 2023, assets held for sale consisted of 11 franchises (11 dealership locations) in addition to one real estate property not currently used in our operations. During the year ended December 31, 2024, the Company sold five franchises (five dealership locations) for a pre-tax gain totaling $8.6 million. During the year ended December 31, 2023, the Company sold one franchise (one dealership location) for a pre-tax gain totaling $13.5 million.

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