BENTONVILLE, Ark. -

America's Car-Mart recently broadened its network of buy-here, pay-here dealerships in Mississippi.

Car-Mart's newest location is in Oxford, Miss., bringing the company's total to 117 stores throughout the Southeast.

"Oxford is our fourth location to open in Mississippi. It is the type of community that we consider to be ideal for our expansion plans," said William Henderson, president and chief executive officer of Car-Mart.

"For 31 years, Car-Mart has provided quality vehicles, affordable payment terms, and excellent service while expanding throughout the south-cent United States. With each new dealership we have an opportunity to provide our excellent service to more customers and to earn their repeat business in the future," Henderson continued.

"The Oxford dealership will be managed by Curtis Valentine who is very excited to lead our efforts at this great new Car-Mart location," Henderson went on to say.

Chief financial officer Jeff Williams indicated that even though the company now has 117 dealerships in nine states, Car-Mart will continue to focus on increasing sales volumes at our existing dealerships.

"Oxford represents our third new dealership for fiscal 2013 and our current plans are to open an additional seven between now and the end of the current fiscal year," Williams said.

"Our solid financial results, strong balance sheet and competitive strengths will continue to allow us to provide the best possible service to our 55,000-plus active customers and to future customers we will gain as we grow. We continue to expect to open additional dealerships at an approximate 10-percent annual rate beyond fiscal 2013," he went on to say.