J.D. Byrider Announces Mid-Year 2013 Results

J.D. Byrider Announces Mid-Year 2013 Results

Company notes present growth and future expansion into new areas of country.

July 30, 2013 // Franchising.com // CARMEL, Ind. – J.D. Byrider, the country’s leading used car sales and finance enterprise, reports strong growth trends halfway through 2013. The company has matched the amount of new stores opened during the same time period last year, and is expecting to match 2012’s record-breaking year of double-digit growth of new dealerships through the end of 2013.

From January through June 2013, the company opened five new franchise locations in five states and relocated one dealership. The next J.D. Byrider dealership, opening in Colonie, N.Y., will be the company’s 150th location. In addition, 12 current or new franchisees from automotive, banking and business and entrepreneurial backgrounds have signed commitments and are projected to open new J.D. Byrider dealerships through the end of 2013.

“Much of our dealership expansion is the result of existing franchisees’ comfort and confidence in the business and readiness to open a second or third store,” said Tom Welter, vice president of franchising. “We’re also looking ahead to exciting growth from new first-time franchisees in different areas of the country including Idaho, New York and Utah.”

J.D. Byrider mid-year activities and accomplishments:

 - Reached a new milestone – J.D. Byrider’s one millionth vehicle was sold in South Attleboro, Mass. The car was given away to the lucky customer.

- Attained a three-month cumulative 95 percent sales satisfaction and 91 percent service satisfaction rating across the dealership network.

- Opened five new franchise locations:

  • Feb. 4: Omaha, Neb. – Russ Larson, owner
  • Apr. 11 : Bradenton, Fla. – Paul Maier, owner
  • May 6: Rockford, Ill. – Pat and Rachel Bachrodt, owners
  • June 5: Barboursville, W. Va. – Bill Rowland and Mark Morris, owners
  • June 27: Jackson, Miss. - Barry Biggers

- Company stores completed second securitization, this time for $121 million with a AA bond rating.

- Signed new store rights to four new franchisees and 10 existing franchisees.

- A refreshed branding and marketing concept was unveiled, including a new interactive website allowing customers to find and choose their preferred car make and model at a local dealership.

About J.D. Byrider

Founded in 1989, J.D. Byrider is the nation’s leading used car sales and finance enterprise. The company was founded to serve customers with special auto financing needs and to ensure that they receive the same quality service in every J.D. Byrider dealership. With more than one million consumers matched to quality, affordable vehicles and a franchise system servicing more than $1 billion in retail contracts, the company continues its focus on reliability and customer satisfaction. Headquartered near Indianapolis in Carmel, Indiana, J.D. Byrider consists of 126 franchised- and 23 company-owned dealerships in 29 states. Visit www.jdbyrider.com or franchise.jdbyrider.com to learn more.

SOURCE: J.D. Byrider


Tim Coxey



comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

Fantastic Sams
Fantastic Sams® is one of the most recognized brands in the hair care industry with nearly 1,200 full-service salons in North America and 40 years...
Jimmy John's Gourmet Sandwiches
One of the fastest growing franchises in the U.S., Jimmy John’s has been making fresh, fast, tasty sandwiches since 1983.
Chronic Tacos
Chronic Tacos is a California inspired authentic Mexican grill that celebrates the individuality of our customers. We have developed restaurants...
CycleBar®, the only luxury boutique fitness franchise in the market today. CycleBar® unites you with riders of all ages and fitness levels by...
la Madeleine
Things don't get much better than breakfast at la Madeleine--unless, of course, it's lunch or dinner.
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.