ROGERS, AR. - America's Car-Mart has recently closed 42 of its dealerships across several states, with many locations already shut down for good. The company announced these closures would be complete by April 14th.
Doug Campbell, the CEO of Car-Mart, shared this news in an official document filed on April 7th. He explained that this was a difficult decision but one they felt was necessary for the long-term health and success of the business.
These 42 closed dealerships made up about 31% of all Car-Mart stores. However, they only served 18% of the company's total customers. This suggests that the closed locations were not as busy or profitable as others. The company also mentioned there would be a reduction in support staff, though specific details weren't given.
For customers whose local Car-Mart closed, their accounts have been moved. These accounts are now handled either by another Car-Mart dealership nearby that remains open or by a central customer service team.
After these changes, America's Car-Mart will operate 94 dealerships in 12 different states. The company plans to continue watching how its remaining stores perform and may make further adjustments in the future based on individual store results.
Some of the specific Arkansas locations that have closed include:
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