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America’s Car-Mart sells 81.9% fewer cars in Q1 amid financial woes

Net charge-offs rose 290 bps YoY; financing waiver expires Sept. 11

Johnnie Martinez II

America’s Car-Mart’s sales slowed year over year in its fiscal first quarter as capital constraints limited vehicle purchases and auto finance originations while credit performance worsened.  The Rogers, Ark.-based buy here, pay here dealer said today in its earnings release for the quarter ended July 31 that limited funding capacity, rather than weaker consumer demand, […]

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