Sonic Automotive SAH Powersports Dealerships — Asset impairment charges
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Where this comes from
Reported directly by Sonic Automotive in its filing.
Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.
The source filing: Sonic Automotive’s 10-K, filed February 23, 2026.
- Filed
- Feb 23, 2026, 4:02 PM EST
- Fiscal year
- FY2025
- Accession
- 0001628280-26-010570
(5) For 2025, amount includes approximately $165.9 million of non-cash pre-tax franchise asset impairment charges for the Franchised Dealerships Segment, approximately $0.2 million of non-cash pre-tax property and equipment impairment charges for real estate held for sale in the EchoPark Segment, and approximately $0.4 million of non-cash pre-tax property, equipment and right-of-use asset impairment charges, and approximately $7.2 million of non-cash pre-tax franchise asset impairment charges for the Powersports Segment. For 2024, amount includes approximately $1.2 million of pre-tax franchise asset and property and equipment impairment charges for the Franchised Dealerships Segment and approximately $2.7 million of pre-tax property and equipment charges for real estate held for sale in the EchoPark Segment. For 2023, amount includes approximately $1.0 million of pre-tax franchise asset and property and equipment impairment charges for the Franchised Dealerships Segment and approximately $78.3 million of pre-tax impairment charges related to fixed assets, lease right-of-use assets, and other contractual obligations related to abandoned property for the EchoPark Segment.
Item 16. Form 10-K Summary.
FAQ
- What is Sonic Automotive's powersports dealerships — asset impairment charges?
- Sonic Automotive (SAH) reported powersports dealerships — asset impairment charges of -$1.8M in Q4 2025.
- What does powersports dealerships — asset impairment charges mean?
- Non-cash charges recognized when the carrying amount of powersports segment assets exceeds their fair value. These impairments often signal a decline in the expected future economic benefits of specific dealerships or intangible assets. High or frequent impairment charges may indicate operational challenges or an overvaluation of past acquisitions.
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