We have tackled this business differently than some of the other solely subprime finance companies. We’re integrated from top to bottom.
Steve Wedding, President and CFO, J.D. Byrider

J.D. Byrider has already surpassed its 2006 expansion rate. The company will open seven more stores in the next six months.

Announcing the openings of nine new locations, J.D. Byrider said it has already surpassed its 2006 expansion rate, and still has seven more stores to open in new markets in the next six months.

The current openings are located in Blacksburg, Virginia; Nashville, Tennessee; Pittsburgh, Pennsylvania; Salt Lake City, Utah; San Antonio, Texas; Belleville, Illinois; Springfield, Illinois; Clarksburg, West Virginia; and Kernersville, North Carolina.

Franchises still to open are located in Pinellas Park, Florida; Fort Worth, Texas; Kansas City, Missouri; Pittsburgh, Pennsylvania; St. Augustine, Florida; Charlotte, North Caroline; and Savanna, Georgia.

"These new dealerships, opened by existing and new franchisees, are a sure sign that the Byrider business model for selling used cars continues to be healthy and lucrative," explained William Ackermann, vice president of franchise operations. "This is the strongest possible endorsement of our product. Our franchise owners are smart enough to know a good thing when they see it -- and own it."

Chris Hadley, co-owner of three stores and a Byrider franchisee since 1995, added, "From an increased focus on customer care, to attracting more franchisees who are socially responsible, the Byrider brand keeps getting better. That's why we didn't hesitate to open a new store in Nashville.

Hadley's store in Nashville opened in February and employs 30 people, moving nearly 50 units a month. Hadley said he is also part owner of stores in Kentucky and Indiana.

Blake Johnson, who is also a Byrider franchisee, chimed in, saying, "After selling my sightseeing-by-plane business in Hawaii, I spent a year investigating other business opportunities and landed on J.D. Byrider. It beat out 10 other business models I studied because with Byrider you don't have to reinvent the wheel -- you get assistance every step of the way."

“We have tackled this business differently than some of the other solely subprime finance companies,” says Steve Wedding, President and CFO of J.D. Byrider. “We’re integrated from top to bottom. We buy the car, we repair the car prior to the sale, we sell it, and include a warranty. We go through an underwriting process to ensure we set up terms that the customer can afford. And then we work with that customer throughout the life of the loan.”

Today, J.D. Byrider operates 126 dealerships across the nation, owned by either franchisees or the company. Forty to fifty percent of Byrider’s franchisees are new car dealers operating stand-alone Byrider-branded stores in areas near their own dealership-branded stores.

“Because of the difficulties new car dealers are having, particularly the domestic new car dealers—margins are tough, demand for their product is tough—we have an avenue for them to deliver products to customers who are probably in their market,” says Wedding. “The subprime customer is everywhere.”

For more information about J.D. Byrider Systems, visit www.jdbyrider.com, or contact:

Bill Ackermann
VP Development
Toll Free 800.947.4532
development@jdbyrider.com