America's Car-Mart, Inc. Announces New Dealership in Tuscaloosa, Alabama - Purchase of Alabama Auto Center, Inc.

BENTONVILLE, Ark., May 23, 2006 -- America's Car-Mart, Inc. today announced the acquisition of Alabama Auto Center, Inc., an Alabama corporation. The dealership will operate under the name "Car-Mart". Terms of the transaction were not disclosed.

"This will be our first dealership in the state of Alabama," stated T. J. ("Skip") Falgout, III, Chairman and Chief Executive Officer of America's Car- Mart, Inc. "We currently have two additional sites in Alabama, in Cullman and Athens, and we expect to open new dealerships in those cities later in this first quarter of FY 2007. We believe Alabama will be a great market for Car- Mart, and we anticipate opening additional dealerships there in the future."

"This acquisition will allow us to jump start our growth in Alabama by having a significant operation in Tuscaloosa," added William H. ("Hank") Henderson, President of America's Car-Mart, Inc. "Shanta Hicks, the assistant manager from our West Memphis, Tennessee dealership, will take over as general manager in Tuscaloosa, and we are confident she will be very successful at this location. We look forward to taking good care of the existing customers of Alabama Auto Center and expanding our presence in Tuscaloosa and the surrounding area."

The new dealership in Tuscaloosa will be the first new dealership to open in FY 2007. The total number of Car-Mart dealerships is now 86.

About America's Car-Mart

America's Car-Mart operates 86 automotive dealerships in nine 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.

Included herein are forward-looking statements, including statements with respect to opening new dealerships. There are many factors that affect management's view about expansion plans. These factors involve risks and uncertainties that could cause actual results to differ materially from management's present view. 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.