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Aug 10, 2009 J.D. Byrider to open Harvey location
Performance improvements spur new stores HARVEY, La. New Orleans-area residents will have another used car option when a new J.D. Byrider location opens in Harvey in September.
Store owner Robert Boyce, Jr., who is new to the company, is a lawyer who also has a background in commercial lending. We’re excited to open our store in the New Orleans area, which is a great market for business, said Boyce. A resident of Baton Rouge, Boyce recently closed on a house in New Orleans and plans to move his family to be closer to the new location.
Spurring the new locations is an improvement is the company’s portfolio performance. According to Steve Wedding, president - Byrider Franchising, Inc., the company’s portfolio performance has lead to an 11 percent decrease in charge-offs loans that are deemed uncollectible and written off as well as decreases in one-day, 10-day and 30-day delinquencies when compared to the same time last year. With these economic conditions, our customers’ jobs are their number one priority, and our cars provide the reliable transportation necessary for getting to and from work, said Wedding. The decrease in charge-offs and delinquencies show how vital transportation is to getting and keeping a job.
In addition to the Harvey location, J.D. Byrider is set to open a new company-owned store in Cincinnati later this month, and a new franchise location will open in Raleigh, N.C., in September. With the three new locations, J.D. Byrider will have 128 locations in 30 states with plans to open additional stores later this year.
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About J.D. Byrider
Celebrating its 20th anniversary this year, J.D. Byrider is the nation’s leading used car and finance company franchise. 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 maintains 128 franchisee- and company-owned dealerships in 30 states. Visit www.jdbyrider.com to learn more. |