J.D. Byrider Franchise News

May 21, 2012 // Franchising.com // Highland, Ind. - Highland-area residents have another option for purchasing used cars now that J.D. Byrider has opened a store at 9301 Indianapolis Blvd. The location is the 13th J.D. Byrider dealership in Indiana.
In his new location, franchisee Roger Swierbut and his team will provide dependable automobiles to customers who may not have optimal credit histories. “We look forward to serving Highland-area residents who are in need of quality cars with affordable financing,” said Swierbut. “With our 24-month/24,000-mile warranty and exceptional customer service center, we will strive to meet the needs of this great market."
In addition to the new Highland location, J.D. Byrider opened new stores in Richmond, Va...

Deal is Key to Strategic Growth of the Franchise
May 03, 2012 // Franchising.com // INDIANAPOLIS - J.D. Byrider, the nation’s leading used car sales and finance enterprise, closed its first asset-backed securitization today. “Entering the securitization market has been our focus for almost a year, and this deal allows us to access a much larger pool of capital to fund our growth,” said Steve Wedding, CEO of J.D. Byrider. “With 20 company-owned stores, we now have the critical mass needed to take advantage of this opportunity. As we continue to develop and acquire additional stores, regularly accessing the securitization market will be essential.”
The $145 million deal was led by RBS Securities Inc...

April 18, 2012 // Franchising.com // OPELIKA, Ala. — Opelika-area residents have another option for purchasing used cars now that a new J.D. Byrider is open at 505 Columbus Pkwy. The 20,000 square-foot location offers used car sales, financing, eight service bays and a customer service center. The store is the fourth J.D. Byrider dealership in Alabama.
The new location is the first for franchisee Paul Sanders. “In times of economic need, J.D. Byrider has the best financing options available for people who do not have optimal credit histories,” said Sanders. “We'll ensure each of our customers in the Opelika-Auburn area are equipped with a good car, affordable payments and superior customer service, not to mention our36-month/36,000-mile warranty...

March 12, 2012 // Franchising.com // OAK LAWN, Ill. – Oak Lawn residents have another option for purchasing used cars now that a new J.D. Byrider location is open at 9121 Cicero Ave. The 17,500 square-foot location offers used car sales, financing, a service department and a customer service center. The new store is the fourth in the Chicago metropolitan area and the tenth in Illinois.
“I am excited to service the Oak Lawn community and offer good, reliable vehicles to those with less-than-perfect credit,” said Nicole Martin, general manager of the new location. “Our J.D. Byrider store is prepared to help customers get back on track through our affordable financing options, 24-month/24,000-mile warranty and superior car maintenance...

March 05, 2012 // Franchising.com // RICHMOND, Va. – Richmond-area residents have another option for purchasing used cars now that a new J.D. Byrider location opened March 1 at 7400 Midlothian Turnpike in Richmond. The 10,000 square-foot location offers used car sales, financing, a service department and a customer service center. The new store is the fifth dealership in Virginia.
This location is the first for Craig Baker, one of the newest franchisees to join J.D. Byrider. “J.D. Byrider is the leader in dealer-financed, used car sales, and our store will continue this success by offering a standard 24-month/24,000-mile warranty, affordable payments and exceptional customer service,” said Baker. “I am excited for the opportunity to provide good, reliable cars for Richmond residents with less-than-perfect credit...

December 20, 2011 // Franchising.com // HOUSTON – Houston-area residents have another option for purchasing used cars now that a new J.D. Byrider location is open at 11222 Southwest Freeway. The 11,000 square-foot location offers used car sales, financing, a service department with 11 service bays and a customer service center. The new store is the second in Houston and the 10th in Texas.
The new location is the second dealership for owner Randolph Daniels-Kolin, whose other location is also in Houston at 8224 North Freeway. “We opened our first location in 2010, and the area has been a great market for us,” said Daniels-Kolin. “We’re excited to offer even more good, reliable cars, our 36-month/36,000-mile warranty and exceptional J...

Franchise of the Year and President’s Awards among honors bestowed
CARMEL, Ind.--(BUSINESS WIRE)--Leading franchised used car and finance company J.D. Byrider recognized winners of the company’s annual awards at its November convention in Rancho Palos Verdes, Calif.
The Franchise of the Year winners were chosen in three categories – single (one location), mid (two-three locations) and multiple (more than three locations).
The winners were:

Single: J.T. Gandolfo, for his location in Columbia, S.C.
Mid: Mark Bedgood, Bill Evans, and Fred Nichols for their locations in Longview and Tyler, Texas.
Multiple: Russ Larson, Doug Stewart and Jeff Lee for their locations in areas near Burlington, Cedar Rapids, Davenport and Des Moines, Iowa...

October 24, 2011 // Franchising.com // CARMEL, Ind. – J.D. Byrider, the nation's largest franchised used car sales and finance business, has been honored with recognition by Franchise Times in its listing of the "200 Largest Franchise Systems."
“We are honored to be included in Franchise Times’ list of the 200 largest franchise systems. It serves as reinforcement of our commitment to excellence in our business operations and development,” said Rob Palmer, J.D. Byrider COO.
J.D. Byrider opened 11 new stores in 2011 and currently has 135 locations in 30 states, the most stores operated to date. The company has aggressive plans to continue its growth throughout the United States over the next year.
“We’re excited about our growth, which was fueled in part by the investment made in the company by Altamont Capital Partners,” said J...

Rob Palmer's five locations acquired by J.D. Byrider
October 03, 2011 // Franchising.com // CARMEL, Ind. – J.D. Byrider, the nation's largest franchised used car sales and finance business, has hired one of its most successful franchisees to serve as the company's chief operating officer. Rob Palmer, owner of five J.D. Byrider franchise locations in Ohio and Pennsylvania, will be responsible for company store operations and franchise operations. Palmer's five locations were acquired by J.D. Byrider, upping the total number of company-owned stores to 20, with locations in Georgia, Indiana, Kentucky, Ohio and Pennsylvania.
″As an eight-time J.D. Byrider Franchise of the Year award winner and member of our Franchise Hall of Fame, Rob Palmer brings his track record of successful operations to our management team,″ said Steve Wedding, J...

Five additional locations to open by the end of the year August 01, 2011 // Franchising.com // CARMEL, Ind. – J.D. Byrider, the nation's largest franchised used car sales and finance business, opened five new dealerships in the last two months, for a total of eight new stores so far in 2011. J.D. Byrider now has 132 locations in 30 states.

The new dealerships are in the following locations: Wood River, Ill. – January 2011 Dundalk, Md. – January 2011 North Little Rock, Ark. – May 2011 Morgantown, W.V. – June 2011 Las Vegas – July 2011 Louisville, Ky. – July 2011 Columbus, Ohio – July 2011 Dayton, Ohio – August 2011 Two of the eight new dealerships are company-owned locations – Louisville, Ky...

August 01, 2011 // Franchising.com // COLUMBUS, Ohio – J.D. Byrider opens third Columbus location The new location is a company-owned dealership that will be operated by Managing Partner Brent Measles, who formerly managed the J.D. Byrider location on South Hamilton Road. J.D. Byrider also has company-owned locations in Indiana, Kentucky and Georgia, all which offer quality used cars and a 24-month/24,000-mile warranty.

"In today's economy, there are many people in our city who have faced difficulty in obtaining financing for a car," said Measles. "J.D. Byrider offers reliable cars with a warranty and exceptional customer service to people who may have faced credit challenges in their past. More than ever, our customers need good, reliable transportation, and we hope to provide that to the residents of Columbus...

New store is first in Arkansas June 13, 2011 // Franchising.com // NORTH LITTLE ROCK, Ark. – Little Rock-area residents have another option for purchasing used cars now that a new J.D. Byrider dealership is open at 6055 Landers Road in Sherwood. The 25,000-square-foot location offers used car sales, on-site financing, a service department and a customer service center. The new store is the first in Arkansas for the nation's leading franchised used car sales and finance business.

The new location is the third dealership for co-owners Mark Bedgood and Bill Evans, who also own stores in Longview, Texas, and Tyler, Texas. "We expect Arkansas to be a great market for business," said Bedgood. "We're excited to offer a new used car option to Little Rock-area residents...

Knoxville franchisee, corporate office thank community for assistance after May fire June 07, 2011 // Franchising.com // KNOXVILLE, Tenn. – On May 7, a fire caused major damage to the J.D. Byrider dealership at 8413 Kingston Pike in Knoxville. However, due to significant efforts by Knoxville-area fire personnel, there were no injuries to employees and the building was salvageable.

To thank the community for their assistance during and after the fire, Knoxville franchise owner Vince Keller donated $1,000 to local charitable organization FISH Hospitality Pantries, and J.D. Byrider's corporate office is matching the gift for a total donation of $2,000.

Each month, FISH Hospitality Pantries – a non-profit, all-volunteer organization – provides food packages to more than 11,000 families in four Knoxville locations and more than 2,000 families from locations in Claiborne County and Knox County...

Area franchisee, corporate office giving matching donations May 27, 2011 // Franchising.com // TUSCALOOSA, Ala. – J.D. Byrider, the nation's leading used car and finance franchise company, is joining with its Tuscaloosa franchisee to donate to area organizations providing assistance to members of the community affected by the recent tornado outbreak.

Tuscaloosa franchisees Steve and Jeanne Locklear, who own the J.D. Byrider location at 3109 Greensboro Ave., as well as the Locklear Chrysler Jeep Dodge dealership at 550 Skyland Blvd., donated $1,500 to Holy Spirit Catholic Church and $1,000 to The Salvation Army of Tuscaloosa. J.D. Byrider's corporate office is matching each for a total donation of $5,000.

"Although our business was destroyed, we feel extremely lucky to have survived the disaster," said Steve Locklear...

Investment firm partners with management to grow leading automotive franchise

May 03, 2011 // Franchising.com // INDIANAPOLIS and PALO ALTO, Calif. - J.D. Byrider, the Indianapolis-based leading used car sales and finance business, announced today that it has been acquired by private equity firm Altamont Capital Partners (Altamont).

With a long-term investment horizon, Altamont will provide strategic direction, experienced resources and additional capital to support the company's growth and franchisee expansion initiatives. The acquisition of J.D. Byrider is Altamont's first investment from its $500 million inaugural fund, which closed late last year. The firm is focused on acquiring and building middle-market businesses across a range of industries...

March 31, 2009 // Franchising.com // Carmel, Ind. - At a 20-group franchise meeting in Indianapolis this month, leading used car and finance company J.D. Byrider shared encouraging statistics about the current state of the company, including the opening of two new stores since Jan. 1. Steve Wedding, president, Byrider Franchising, announced the new stores -- Traverse City, Mich. and North Charleston, S.C. - bringing the total to 128 stores in 30 states. Wedding said several more stores are planned to open this year.

February results demonstrated J.D. Byrider is faring better than new car dealers, who have been affected more severely by current economic conditions, Wedding reported. "More and more people are saying they're going to buy a car in the next six months, but they're saying they're going to buy used...