| | | | | | | | | | | | | | | | | | | | | | | | | Franchised Dealerships Segment | | EchoPark Segment | | Powersports Segment | | Total | | (In millions) | | Balance at December 31, 2023 (1) | $ | 229.8 | | | $ | — | | | $ | 24.0 | | | $ | 253.8 | | | Additions through current year acquisitions | 8.1 | | | — | | | 3.3 | | | 11.4 | | | Reductions from dispositions | (0.2) | | | — | | | — | | | (0.2) | | | | | | | | | | | Prior year acquisition allocations | 93.5 | | | — | | | — | | | 93.5 | | | Balance at December 31, 2024 (1) | $ | 331.2 | | | $ | — | | | $ | 27.3 | | | $ | 358.5 | | | Additions through current year acquisitions (2) | 215.5 | | | — | | | — | | | 215.5 | | | | | | | | | | | | | | | | | | | Prior year acquisition allocations | (0.3) | | | — | | | — | | | (0.3) | | | Balance at June 30, 2025 (1) | $ | 546.4 | | | $ | — | | | $ | 27.3 | | | $ | 573.7 | |
(1)Net of accumulated impairment losses of $1.1 billion and $202.9 million related to the Franchised Dealerships Segment and the EchoPark Segment, respectively. (2)Purchase accounting allocations for current year acquisitions are preliminary. Amounts will be allocated from goodwill to franchise assets once the overall purchase accounting allocation is finalized.
The changes in the carrying amount of franchise assets for the year ended December 31, 2024 and the six months ended June 30, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Franchised Dealerships Segment | | EchoPark Segment | | Powersports Segment | | Total | | | | | (In millions) | | Balance at December 31, 2023 | $ | 371.7 | | | $ | — | | | $ | 45.7 | | | $ | 417.4 | | | | | | Additions through current year acquisitions | 10.9 | | | — | | | 2.0 | | | 12.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at December 31, 2024 | $ | 382.6 | | | $ | — | | | $ | 47.7 | | | $ | 430.3 | | | | | | | | | | | | | | | | | Reductions from dispositions | (1.6) | | | — | | | (0.7) | | | (2.3) | | | | | | Reductions from impairment | (165.9) | | | — | | | (6.5) | | | (172.4) | | | | | | | | | | | | | | | | | Balance at June 30, 2025 | $ | 215.1 | | | $ | — | | | $ | 40.5 | | | $ | 255.6 | | | | |
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