BENTONVILLE, Ark. — Buy-here, pay-here dealership group America's Car-Mart recently announced the opening of its 111th dealership, located in Phenix City, Ala. This store marks the company’s 10th in Alabama, with more on the way, officials noted.

Officials also shared the store will be run by James Ashley.

William "Hank" Henderson, president and chief executive officer of America's Car-Mart, offered his take on the new store, noting, “We have had great success in Alabama and expect to continue to grow our store count in the state. We offer the best value for people looking for good, basic affordable transportation and the financing to go with it, and we are very excited to be expanding our offering to great new towns like Phenix City.

Jeff Williams, chief financial officer, chimed in, sharing some thoughts about the dealer groups future: "We now serve customers from 111 dealerships in nine states. We have added five dealerships so far in fiscal 2012, and we anticipate opening approximately five 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 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 concluded.