AutoNation 2011 Annual Report Download - page 17
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Goodwill and other intangible assets comprise a significant portion of our total assets. We must test our goodwill and other intangible assets for
impairment at least annually, which could result in a material, non-cash write-down of goodwill or franchise rights and could have a material
adverse impact on our results of operations and shareholders’ equity.
Our new vehicle sales are impacted by the consumer incentive and marketing programs of vehicle manufacturers.
Natural disasters and adverse weather events can disrupt our business.