America's Car-Mart Announces Opening of New Dealerships

    BENTONVILLE, Ark.--May 28, 2003--America's Car-Mart, Inc. today announced the opening of two new dealerships located in Longview, Texas and Tyler, Texas. These new locations mark the first new dealership openings since the Company's current fiscal year began on May 1, 2003. The dealership in Longview opened for business on May 6, and the dealership in Tyler is expected to open by the end of June.
    "With the addition of these new dealerships, we have a good start on our new store growth expectations for this fiscal year," commented T.J. ("Skip") Falgout, Chief Executive Officer of America's Car-Mart, Inc. "These dealerships represent our fifth and sixth locations in Texas, and we expect to continue focusing heavily on expansion throughout the North and East Texas areas, as well as Oklahoma," added Falgout.
    "The Longview and Tyler locations are consistent with our current expansion plans, with North Texas, East Texas and Oklahoma as our primary focus areas for this fiscal year," stated Hank Henderson, President of America's Car-Mart. "We are excited about our growth prospects in Texas, as the region offers demographics that fit our customer profile. With the population bases we have in these markets, we expect our new Texas dealerships to grow and mature into significant contributors to Car-Mart's overall success and profitability."

    About America's Car-Mart

    America's Car-Mart operates 65 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.