America's Car-Mart Announces Opening of New Dealership
Tenth New Dealership in Fiscal 2006
BENTONVILLE, Ark., March 21 -- America's Car-Mart, Inc. today announced the opening of a new dealership located in Stillwater, Oklahoma. The total number of Car-Mart dealerships is 85, as Car- Mart closed its older Discount Auto of Russellville, Arkansas location, which was operating as a temporary satellite of Car-Mart's primary Discount Auto location in Russellville. The Stillwater dealership is the tenth dealership opened in Fiscal 2006.
"The new dealership in Stillwater is our fifteenth in Oklahoma," said T. J. ("Skip") Falgout, III, Chairman and Chief Executive Officer of America's Car-Mart. "This dealership, along with our recently opened Claremore, Oklahoma dealership, is part of our fill-in strategy in the strong local markets surrounding our Tulsa, Oklahoma dealerships."
"Stillwater, with a population of over 40,000, offers a great opportunity for Car-Mart," added William H. ("Hank") Henderson, President of America's Car-Mart. "We have extensively remodeled the existing facility and converted it to a first-class Car-Mart dealership. We are very happy to have Alan Reece as our new manager in Stillwater. Alan has proven to be an effective Car-Mart manager, having previously managed our Gainesville, Texas dealership, and we are confident he will be very successful in Stillwater."
About America's Car-Mart
America's Car-Mart operates 85 automotive dealerships in eight 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.