Car-Mart Enhances Tennessee Dealership Footprint
BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's
Car-Mart opened its 115th dealership and its fifth location in Tennessee
earlier this week.
The company's newest store is in Madison, Tenn.
"We continue to grow our company and are very proud to be
expanding into great towns like Madison," said William "Hank" Henderson, Car-Mart's
president and chief executive officer of America's Car-Mart.
"For 31 years, Car-Mart has provided quality vehicles,
affordable payment terms and excellent service," Henderson continued. "With
each new dealership we open, we have an opportunity to provide our excellent
service to more customers and to earn their repeat business in the future.
"The Madison dealership will be managed by Rush Cash, who is
very excited to have this opportunity," Henderson went on to say.
Chief financial officer Jeff Williams offered an update on
what the newest dealership addition means to Car-Mart's overall performance.
"We now have 115 dealerships in nine states. As we have
stated, Car-Mart will continue to focus on increasing sales volumes at our
existing stores and at the same time add great new locations," Williams
indicated.
"Our solid financial results, strong balance sheet and
competitive strengths will continue to allow us to provide the best possible
service to our 53,000 active customers and to future customers we will gain as
we grow," he added. "We expect to open additional dealerships at an approximate
10-percent annual rate into the future."