BYRIDER NAMED A TOP FRANCHISE OPPORTUNITY
CARMEL, Ind. (Oct. 3, 2023)— Byrider, the nation’s leading used car and finance franchise, was once again recognized as a top franchise opportunity by the top franchise industry publication, Franchise Times. Byrider ranked sixth in automotive franchise opportunities and 84th overall. Byrider is the only entrant of its business model type to be ranked in the Top 400 Franchise ranking. The Franchise Times Top 400 is the only ranking by systemwide sales and units of the largest 500 U.S.-based franchise brands.
“The Byrider opportunity continues to show value for existing and potential franchisees,” said Byrider CEO Craig Peters. “Byrider is focused on providing an engaging customer experience built on over thirty years of the shared success of our franchisees. Ranking so favorably in the automotive category and the overall franchising market is an honor. We appreciate the hard work of our franchisees and their associates in making Byrider such an attractive offering.”
“The Franchise Times Top 400 is an exclusive annual ranking of the largest U.S.-based franchise systems by global systemwide sales. The project is the result of a five-month research and reporting effort that leads to the most credible and objective franchise ranking available,” said Franchise Times Editor-in-Chief Laura Michaels.
The collection of systemwide sales data also provides useful insight into the franchise industry’s performance as the shakeout continues following the COVID-19 pandemic. The personal services, automotive, and cleaning franchise industries all saw percentage sales growth in the double digits last year. (source: Franchise Times)
About Byrider: Byrider, one of America’s largest buy-here-pay-here used car dealership and franchise systems, has sold more than 1.34 million cars at more than 125 locations across the country. Founded in 1989 as J.D. Byrider, the company recently rebranded and changed its name to Byrider. As part of its commitment to customer service, Byrider offers high-quality autos, trucks, and SUVs with on-site financing and features company warranties or optional service plans with vehicles sold. Each Byrider store features a state-of-the-art service department offering low-cost maintenance. Consumers who have been turned down for traditional bank financing are often able to “Buy, Finance and Drive On” at www.byrider.com.
About the Franchise Times Top 400: The Franchise Times Top 400 is the only ranking by systemwide sales and units of the largest 500 U.S.-based franchise brands. Published in the October issue and available in a searchable database online, the Franchise Times Top 400 also analyzes industry sectors based on percentage change in sales growth, reports the 10 fastest-growing franchises by four different measures, and includes exclusive news stories about the biggest names in franchising. The rankings and full report, and the searchable online database, are available at www.franchisetimes.com/top-400-2023.
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