Car-Mart Expands into Mississippi
BENTONVILLE, Ark.— America’s Car-Mart recently revealed its two newest dealerships, one which marks the company’s first store in Mississippi.
The two new rooftops, located in Nicholasville, Ky., and Columbus, Miss., bring the company’s store count to 110.
William “Hank” Henderson, president and chief executive officer, commented on the new stores, saying, "We are pleased to announce the opening of our 10th location in Kentucky and our very first location in Mississippi. We have had great success in Kentucky, and we are very excited to be expanding our services into Mississippi. As a company, we will continue to offer the best value for people looking for good, basic affordable transportation and the financing to go with it."
The top executive went on to note the Nicholasville dealership will be managed by Britney Carter, and the Columbus dealership will be managed by Matt Cook.
“They are both very excited to get their dealerships up and going,” Henderson added.
Lastly, chief financial officer Jeff Williams gave some insight to future company expansion: "We now serve customers from 110 dealerships in nine states. We have added four dealerships so far in fiscal 2012, and we anticipate opening approximately six more locations between now and the end of our fiscal year which ends on April 30, 2012. We will continue to focus on increasing sales volumes at our existing stores and at the same time adding great new locations.
“Our solid financial results, strong balance sheet and competitive strengths will continue to allow us to provide the best possible service to our almost 52,000 active customers and to future customers we will gain as we grow. Beyond this fiscal year, we expect to open additional dealerships at an approximate 10 percent annual rate,” he continued.