America's Car-Mart Opens Two New Dealerships in Oklahoma

    IRVING, Texas--May 30, 2002--America's Car-Mart, Inc. today announced the opening of two new dealerships in Oklahoma.
    The dealerships, located in McAlester and Ardmore, bring the number of Oklahoma dealerships to 11 and the total number of Car-Mart dealerships to 57. These new dealerships are the first of a planned seven dealerships that the Company expects to open during its current fiscal year, which began May 1. Based on a history of strong performance in Oklahoma, the Company plans to continue to expand within the state before focusing further expansion efforts on Missouri.
    "We are pleased to continue our expansion into rural Oklahoma markets, which have proven to be profitable operating environments for Car-Mart," stated Hank Henderson, President of America's Car-Mart, Inc. "After opening seven dealerships in Kentucky in the last 18 months, we are now focusing expansion efforts in our western region, which will allow us to balance management responsibilities between our east and west regions," continued Henderson. "Both Oklahoma and Missouri have a number of towns that offer favorable demographics and market characteristics for our dealerships, and we expect to follow our Oklahoma dealership openings with a push into Missouri."
    "The addition of these two dealerships in just the first month of fiscal 2003 gives us an early start on our growth strategy for the year," commented T.J. ("Skip") Falgout, Chief Executive Officer of America's Car-Mart, Inc. "We plan to add a total of seven dealerships this year, all of which will be funded out of cash flow," added Falgout. "We believe that this strategy of steady, focused, year over year growth, which has been the cornerstone of Car-Mart's success for the past 20 years, will continue to guide the Company to strong results again in fiscal 2003."

    About America's Car-Mart

    America's Car-Mart, formerly Crown Group, Inc., operates 57 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 and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. The Company also owns an 80% interest in Concorde Acceptance Corporation, a prime and sub-prime mortgage lender which is held for sale and is included in discontinued operations.
    Included herein are forward-looking statements, including statements with respect to the Company's planned dealership growth and operating results for 2003. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.