America’s Car-Mart to Acquire Central Auto Sales from Mike & Stacey Steven-Assheuer
ROGERS, Ark., Dec. 01, 2023 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (“Car-Mart” or the “Company”) today announced that its subsidiary, America’s Car Mart, Inc., has entered into a definitive agreement to purchase the ongoing dealership assets of Allied Union Group, Inc., an Arkansas corporation doing business as Central Auto Sales.
The acquisition of Central Auto Sales by America’s Car-Mart is set to be a transformative move in the automotive industry. Central Auto Sales, owned by Mike & Stacey Steven-Assheuer, has been a long-standing player in the Arkansas market, known for its quality vehicles and customer service.
This acquisition will further solidify America’s Car-Mart’s position as a leading player in the used car dealership sector. With a strong focus on customer satisfaction and affordable financing options, America’s Car-Mart has been a trusted name in the industry for decades.
The purchase of Central Auto Sales will not only expand America’s Car-Mart’s footprint in Arkansas but also bring together two companies that share a commitment to excellence and integrity. This strategic move is expected to benefit customers of both Central Auto Sales and America’s Car-Mart, offering them a wider selection of vehicles and financing options.
Overall, this acquisition is a win-win for both companies and their customers, showcasing a commitment to growth and innovation in the automotive market.
How Will This Acquisition Affect Me?
As a consumer, this acquisition may mean more options and better financing opportunities when looking to purchase a used car. With America’s Car-Mart’s reputation for quality and customer service, you can expect a seamless transition and continued excellence in your car buying experience.
How Will This Acquisition Affect the World?
While the acquisition of Central Auto Sales by America’s Car-Mart may seem like a small-scale business move, it speaks to larger trends in the automotive industry. Consolidation and strategic partnerships are becoming more common as companies look to strengthen their positions in the market and offer customers a better overall experience.
This acquisition may set a precedent for similar moves in the industry, ultimately leading to a more competitive and customer-centric automotive market on a global scale.
Conclusion
The acquisition of Central Auto Sales by America’s Car-Mart marks an exciting chapter in the automotive industry. With a shared commitment to customer satisfaction and quality, this strategic move is poised to benefit both companies and consumers alike. As the industry continues to evolve, partnerships like this one demonstrate a dedication to innovation and growth.
