Rogers-based America’s Car-Mart announced Friday (Oct. 1) the opening of its 152nd dealership in El Reno, Okla.
The buy here, pay here used car dealer recently purchased the ongoing assets of The Car Man LLC in El Reno. According to Car-Mart’s first-quarter earnings release, the deal provided the company with a new dealership. This will be the 29th dealership in Oklahoma, and the first new dealership opening in fiscal year 2022, which started May 1. The new dealership will be managed by Armin Horn.
“We are excited about this opportunity to add another location to our portfolio to better serve new and existing customers in Oklahoma,” said Jeff Williams, president and CEO. “Oklahoma is a great market for Car-Mart, and we look forward to helping more customers from our new El Reno location.
“More than ever, and as we celebrate our 40th year in business this year, we place a great deal of pride in helping our customers, who know they can count on us when they need us,” Williams added. “We are committed to providing peace of mind for our customers, and we believe communities are better when we are there. We have high expectations for El Reno.”
The new dealership at 2119 E. Highway 66 is open from 9 a.m. to 6 p.m. Monday through Saturday.
“We’re excited about joining the El Reno community,” Horn said. “We have great cars outside and great people inside. We offer a unique buying experience by providing our customers flexible payment terms and excellent service after the vehicle sale so that we can continue to meet their needs and budget.
“All of us at Car-Mart are looking forward to serving El Reno,” Horn added. “We plan to put a smile on our customers’ faces with great vehicles and exceptional customer service. We’re going to do amazing things.”
Car-Mart also expects to open a new dealership in Norman, Okla., in the second quarter, according to its first-quarter earnings release.
Shares of Car-Mart (NASDAQ: CRMT) were trading Friday afternoon at $117.28, up 50 cents or 0.43%. In the past 52 weeks, the stock has ranged between $177.45 and $82.72.