America's Car-Mart Announces Opening of New Dealerships
BENTONVILLE, Ark., March 24 -- America's Car-Mart, Inc. today announced the opening of two new dealerships located in Lufkin, Texas and Mt. Pleasant, Texas. These new locations mark the sixth and seventh new dealership openings since the Company's current fiscal year began on May 1, 2003.
"With the addition of Lufkin and Mt. Pleasant, the Company now operates 70 dealerships, including nine in Texas," commented T. J. ("Skip") Falgout, Chief Executive Officer of America's Car-Mart, Inc. "We are excited about the Texas market and plan to add stores in Corsicana and Sulphur Springs, Texas in the next few months. Our growth plans for fiscal year 2005 (beginning May 1, 2004) will focus on expansion in North and East, Texas as well as a few locations in Missouri. In total, we expect to open eight or more stores in fiscal 2005."
About America's Car-Mart
America's Car-Mart operates 70 automotive dealerships in seven states and is the largest publicly held automotive retailer in the United States focused exclusively on the "Buy Here/Pay Here" segment of the used car market. The Company operates its dealerships primarily in small cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers.