Subprime Auto Dealer Goes From Covid-Era Rockstar to Near Demise

America’s Car-Mart Inc. thrived during a ’90s slump, the 2008 financial crisis and the upheaval of Covid-19 by doing one thing well: selling and financing older, high-mileage used cars for cash-strapped, deeply-subprime buyers. Now, that machine is sputtering. Hamstrung by a tightening squeeze on cash and credit...