RumbleON, Inc. Reports Unaudited Consolidated Impairment of Goodwill and Franchise Rights for the Fourth Quarter Ended December 31, 2023
March 14, 2024 at 07:00 am EDT
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RumbleON, Inc. reported unaudited consolidated impairment of goodwill and franchise rights for the fourth quarter ended December 31, 2023. For the quarter, the company reported impairment of goodwill and franchise rights of $60.1 million against $324.3 million a year ago.
RumbleOn, Inc. is engaged in the business of powersports and vehicle transportation services. The Company's powersports business offers a wide selection of new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products from a wide range of manufacturers. Additionally, it offers a full suite of repair and maintenance services. It offers over 500 powersports franchises representing 52 different brands of products. Its vehicle transportation services business includes Wholesale Express, LLC, its subsidiary, which provides asset-light transportation brokerage services facilitating automobile transportation primarily between and among dealers. It provides services focused on pre-owned vehicles to clients in all 50 states through its established network of pre-qualified carriers.
RUMBLEON, INC. 
