BENTONVILLE, Ark. — America's Car-Mart said Monday that it has expanded its footprint in Alabama. The group of dealerships has added a location in Prattville, Ala., which marks the eighth dealership in the state and the 106th overall.

"As we have previously discussed, we have tremendous opportunities in Alabama. We've opened three new dealerships in the state this fiscal year and we look forward to opening many more in the future. Prattville is our eighth location in Alabama, a state that has potential much like our home state of Arkansas, where we have 37 dealerships," stated William Henderson, the company's president and chief executive officer.

"We are dedicated to offering the best value for people looking for good, basic affordable transportation and the financing to go with it. Our newest dealerships are performing well and we continue to be excited about our future," Henderson added. "The Prattville dealership will be managed by Robert Yount, who is very excited to lead our efforts at this great new Car-Mart location."

Chief financial officer Jeff Williams pointed out that Car-Mart has opened nine dealerships in fiscal 2011 thus far. He also stressed that, "We anticipate opening new lots at an approximate 10 percent annual rate into the future."

Williams continued: "Our solid financial results, strong balance sheet and competitive strengths will continue to allow us to provide the best possible service to our almost 50,000 active customers and to future customers we will gain as we grow."