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International Business Times

Business

America's Car-Mart Ran Out Of Cash, Not Customers, After Wrong Turn On Wall Street

A used car dealership in Laurel, Maryland. (Credit: Jim Watson/AFP)

KEY POINTS

Cart-Mart generated more cash from customers than ever, yet became less able to make new loans because of its financing structure.
Post-pandemic rate hikes and rigid securitization structures forced revenues from customers to go straight to bondholders.
Car-Mart's breakdown signals broader trouble ahead as over $1 trillion in high-yield corporate debt matures through 2027.

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