Car-Mart Unveils Fourth Store in Mississippi
BENTONVILLE, Ark. — America's Car-Mart recently broadened
its network of buy-here, pay-here dealerships in Mississippi.
Car-Mart's newest location is in Oxford, Miss., bringing the
company's total to 117 stores throughout the Southeast.
"Oxford is our fourth location to open in Mississippi. It is
the type of community that we consider to be ideal for our expansion plans," said
William "Hank" Henderson, president and chief executive officer of Car-Mart.
"For 31 years, Car-Mart has provided quality vehicles,
affordable payment terms, and excellent service while expanding throughout the south-cent
United States. With each new dealership we have an opportunity to provide our
excellent service to more customers and to earn their repeat business in the
future," Henderson continued.
"The Oxford dealership will be managed by Curtis Valentine
who is very excited to lead our efforts at this great new Car-Mart location,"
Henderson went on to say.
Chief financial officer Jeff Williams indicated that even
though the company now has 117 dealerships in nine states, Car-Mart will
continue to focus on increasing sales volumes at our existing dealerships.
"Oxford represents our third new dealership for fiscal 2013
and our current plans are to open an additional seven between now and the end
of the current fiscal year," Williams said.
"Our solid financial results, strong balance sheet and
competitive strengths will continue to allow us to provide the best possible
service to our 55,000-plus active customers and to future customers we will
gain as we grow. We continue to expect to open additional dealerships at an
approximate 10-percent annual rate beyond fiscal 2013," he went on to say.
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