Car-Mart opens 135th dealership

by The City Wire staff ( 4 views 

America's Car-Mart announced the opening of its 135th dealership in Hixson, Tenn. It’s the company’ sixth dealership in Tennessee and the first store opening for fiscal year 2015. 

“We intend to add new dealerships selectively in what we consider to be good, solid communities with a targeted number of eight dealership openings for fiscal 2015, subject to favorable operating performance,” CEO Hank Henderson noted in the release.

Car-Mart recently said it was slowing its expansion after reporting fewer than expected sales in fiscal 2014 because of heightened competition in the subprime auto sector.