Latest Online Edition Read Here

America’s Car-Mart Moves Fewer Units

America’s Car-Mart Moves Fewer Units Featured

America’s Car-Mart Inc. reported net income of $7.1 million in the quarter ended July 31.The buy-here, pay-here chain reported revenues of $146 million compared to $143 million for the prior year quarter.Retail unit sales decreased to 11,957 from 12,244 for the prior year quarter with decreased productivity at 27.9 retail units sold per store per month, down from 28.9 for the prior year quarter.  Average retail sales price increased $428 to $10,393 from the prior year quarter, but decreased $248 from the quarter ending April 30.
Last modified on Wednesday, 31 August 2016 16:57
Rate this item
(0 votes)

Related items

  • Carvana Adds Several Markets on East Coast
    Carvana Co. is quickly expanding its presence on the eastern seaboard.The online retailer now serves customers in Hartford, Bridgeport and New Haven, Conn., as well as Springfield, Mass.Carvana has delivered vehicles to customers in 48 states, and offers free, as-soon-as next-day delivery to residents in 54 markets.
  • Incentives on Trucks Decline
    Average incentive spending through the first three weeks of February is $3,840, down $14 versus the same period last year, according to J.D. Power and LMC Automotive. The decline in spending is particularly notable given that incentives have risen consistently since 2013. In December 2017 for example, spending rose by over $400 from the prior year.The decline is due to reduced spending in select segments of the industry, specifically, trucks and SUVs offered by domestic manufacturers. Incentives on domestic trucks and SUVs have fallen $450 through month-to-date. In contrast, incentives on non-domestic trucks and SUVs have risen $482 and spending on all cars is up $80.
  • Toyota Recalls Luxury Cars for Fuel Pumps
    Toyota is recalling 9,905 2016-18 Lexus GS F, 2018 LC500, and 2015-18 Lexus RC F vehicles, equipped with 5.0L V8 2UR-GSE engines with two high-pressure fuel pumps. Specific operating conditions may result in damage to the pulsation damper in one of the high-pressure fuel pumps, possibly causing a fatigue crack in the fuel pump cover.Toyota will notify owners, and dealers will replace the high-pressure fuel pumps, free of charge. The recall is expected to begin April 2. Toyota's numbers for this recall are J2B and JLB.