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Sometime around April 14 of this year, America's Car-Mart shut the lights off at 42 of its 136 dealerships. Not because the cars stopped selling. Not because a storm rolled through the South-Central ...
Cart-Mart generated more cash from customers than ever, yet became less able to make new loans because of its financing structure. Post-pandemic rate hikes and rigid securitization structures forced ...
America’s Car-Mart faces a severe cash and credit crunch, reporting a 52% inventory drop and 27% decline in vehicle sales. The subprime auto dealer’s reliance on asset-backed securitization and rising ...
America's Car-Mart says demand for its used cars remains strong. The uncomfortable part is that demand is almost beside the point. The buy-here, pay-here chain does not merely stock cars and wait for ...
I haven’t met many people who were actually able to afford a new car. Sure, plenty buy them, but suffocating monthly loan payments mean the "affording" part isn't exactly met. For decades, we shrugged ...
Rogers-based America's Car-Mart issued a warning about its ability to continue as a going concern in its fourth-quarter earnings release Tuesday morning, a report that widely missed analysts' ...
Rogers-based America's Car-Mart laid out a specific timeline and requirements of a new deal with its creditors in a recent filing with the Securities and Exchange Commission. The demands included the ...
Car-Mart has been working for months to secure vital short-term financing to underwrite its car loans, commonly called a warehouse facility. The company has also noted that inventory constraints, ...
After searching from dealership to dealership from used to new car dealers this dealership had exactly the car I wanted and at amazing price with friendly staff. Family owned dealership they even call ...
Shares of America's Car-Mart crumpled again on Wednesday after reports its financial advisor is seeking $500 million from investors to bail out the struggling used car dealer. Bloomberg News reported ...