J.D. Byrider Announces 2009 System-Wide Revenue Projections, New Store Plans

CARMEL, Ind., Nov. 4 /PRNewswire/ -- J.D. Byrider, the nation's largest buy here pay here automotive franchise company, is projecting its 2009 system-wide revenue will match or exceed the 2008 revenue of $759 million, even with the current challenges within the automotive industry.

J.D. Byrider has opened six new franchise locations this year - Traverse City, Mich.; Charleston, S.C.; Monroeville, Pa.; Raleigh, N.C.; Cincinnati; and New Orleans - with plans to add two more by year-end, in Houston and Alliance, Ohio, bringing the total to 129.

"We are pleased with the company's performance, especially given the challenges posed by the economy this year," said Steve Wedding, president of franchising for the company. "Our plan for the remainder of this year, 2010 and the future is to be aggressive but smart in our growth."

Ten new stores are projected for 2010, according to Michael Pearce, vice president of franchise development. "We already have deals underway in Illinois and Texas, with strong prospects in at least four other markets," he said.

Pearce, hired in July, is a 22-year veteran of the restaurant franchise industry hired to focus on growing the franchise sector. He said that the company is reaching out to disenfranchised new car dealers, but their marketing efforts are not restricted to this group.

"We've got a great model that has worked for two decades and is attractive to entrepreneurs and investors," Pearce said. "Our founder pioneered the concept of dealer financing in the used car industry, and the company has built an incredible system to make it work profitably for our franchisees."

An industry leader, J.D. Byrider is celebrating its 20th anniversary this year.

About J.D. Byrider:
Established in 1989, J.D. Byrider is the nation's leading used car and finance franchise company. 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 800,000 consumers matched to quality, affordable vehicles, the company continues its focus on reliability and customer satisfaction. Headquartered near Indianapolis in Carmel, Ind., J.D. Byrider has 127 franchisee- and company-owned dealerships in 30 states. Visit www.jdbyrider.com to learn more.