America's Car-Mart, Inc. Appoints Doug Campbell as Director, Effective October 1, 2023
September 05, 2023 at 08:30 am EDT
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America?s Car-Mart, Inc. announced that its board of directors has elected current President Doug Campbell to serve as a director of the Company, each effective October 1, 2023. Campbell is excited about capitalizing on the Company?s 42-year history and its strong brand to drive future growth. Before joining America?s Car-Mart in October 2022, Campbell was Senior Vice President, Head of Fleet Services for the Americas, at Avis Budget Group after serving as Vice President of Remarketing leading their wholesale, retail, and factory program disposals.
He led the strategic growth of the direct-to-consumer initiative and the overhaul of a business-to-business online direct sales platform, both contributing to meaningful reductions in overall fleet costs. Prior to joining Avis Budget Group, he worked for AutoNation in both corporate and field leadership roles. Previously, he spent 15 years at Coral Springs Auto Mall as an Executive General Manager overseeing several brands selling both new and used vehicles.
Campbell will continue to serve as President of the Company upon his appointment as Chief Executive Officer.
America's Car-Mart, Inc. is an automotive retailer in the United States. The Company operates in the integrated auto sales and finance segment of the used car market. In this industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Companyâs products and services, including the actual servicing of the contracts, as well as the regulatory environment in which the Company operates, all have similar characteristics. The Companyâs operations are principally conducted through its two operating subsidiaries, Americaâs Car Mart, Inc., an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance, Inc., an Arkansas corporation (Colonial). The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company operates approximately 156 dealerships located primarily in small cities throughout the South-Central United States.