Store Divestitures

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Store Divestitures

STORE DIVESTITURES

During 2018, we divested eight Domestic stores, seven Import stores, two Premium Luxury stores, and one collision center. During 2017, we divested two Domestic stores and four Import stores. During 2016, we divested five Domestic stores and nine Import stores.

We recognized net gains related to store divestitures of $40.3 million in 2018, $78.2 million in 2017, and $61.8 million in 2016. During the fourth quarter of 2017, we also recorded write-downs of $26.2 million associated with business divestitures that closed during the first and second quarters of 2018. The net gains on these divestitures are included in Other Income, Net (within Operating Income) in our Consolidated Statements of Income. The financial condition and results of operations of these businesses were not material to our consolidated financial statements.