America's Car-Mart Inc. announced the opening of its 115th dealership on Monday (June 11). The dealership is located in Madison, Tenn., and represents Car-Mart's fifth location in the volunteer state
"We continue to grow our company and are very proud to be expanding into great towns like Madison," William H. ("Hank") Henderson, Car-Mart CEO, said in a statement. "For 31 years, Car-Mart has provided quality vehicles, affordable payment terms, and excellent service. With each new dealership we open we have an opportunity to provide our excellent service to more customers and to earn their repeat business in the future. The Madison dealership will be managed by Rush Cash, who is very excited to have this opportunity."
The Bentonville-based buy here, pay here, used car dealer has growth plans of 10% annually and is living up to those ambitious goals thus far.
"We now have 115 dealerships in nine states. As we have stated, Car-Mart will continue to focus on increasing sales volumes at our existing stores and at the same time add great new locations," said Jeff Williams, chief financial officer.
Williams said the company's strong balance sheet and competitive strengths allow it to provide the best possible service to more than 53,000 active customers.