Business Combinations

6 Months Ended

Jun. 30, 2021

Business Combinations [Abstract]

Business Acquisitions and Dispositions

2. Business Acquisitions and Dispositions

We acquired two businesses to be included in our EchoPark segment during the six months ended June 30, 2021 for a gross purchase price (including inventory acquired and subsequently funded by floor plan notes payable) of approximately $28.6 million. We did not acquire any businesses during the six months ended June 30, 2020.

We disposed of one luxury franchised dealership during the six months ended June 30, 2021 that generated net cash of approximately $3.8 million. We did not dispose of any dealerships during the six months ended June 30, 2020. We terminated one luxury franchised dealership during the six months ended June 30, 2020.