Byrider Named a Top Franchise Opportunity

Byrider Named a Top Franchise Opportunity

Used car and auto finance franchisor ranks Top 10 in Auto; 84th overall.

Byrider announced in a press release the company was once again recognized as a top franchise opportunity by the 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 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 30 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)

Published in the October issue and available in a searchable database online, the Franchise Times Top 400 is available at www.franchisetimes.com/top-400-2023http://www.franchisetimes.com/top-400-2023.

You May Also Like

New eLEND Solutions Survey Underscores Challenges of Delivering Accurate Online Payment Quotes

Adding further challenge is the fact that over half of lenders and dealers report that payment terms are negotiated with the online customer before a lender decision.

A new snapshot survey of auto dealers and lenders, from automotive fintech innovator eLEND Solutions, reveals that 90% believe that AI-based pricing is contributing to inaccurate online payment quotes which, the vast majority say, is having an adverse impact on the buying experience.

Other key obstacles to delivering accurate online payment quotes, cited by survey respondents, include a reduction in lender transparency, mistimed and mismatched desking/lender decisions, and reliance on consumer-provided credit scores, all of which are contributing to payment quotes that are anything but “penny perfect.”

Experian Unveils Tool to Help Dealers Mitigate Fraud Losses

Fraud Protect is a web-based application that helps automotive dealers detect and prevent fraud while maintaining a positive shopping experience for the consumer.

CUDL Kicks Off 30th Anniversary Celebrating $458 Billion Milestone

Through CUDL’s network of credit unions, auto dealers are able to offer buyers competitive rates and flexible terms.

TruVideo Publishes ‘The Ultimate Guide to Inspection Videos’

The guide serves as a step-by-step guide to impactful videos in service departments, starting with getting buy-in from your technicians and advisors and going all the way through making the highest quality inspection videos for your customers every time.

Reynolds Releases Annual Retention Report, Examines Post-Pandemic Trends

In the 2024 Automotive Brand Retention and Defection Report, Reynolds and Reynolds looks at the impact those changing dynamics had on consumer behavior and retention.

Other Posts

vAuto’s AI-Powered Merchandising Solution Helps Dealers Promote Used Cars

The solution automatically creates a comprehensive story of each vehicle, highlighting the features shoppers value the most.

Modives Automates Insurance Verification Process

CheckMy Driver’s real-time, automated insurance verification system reduces transaction time while improving data security compliance.

Lotlinx Sentinel Helps Dealers Mitigate Inventory Risk

Lotlinx Sentinel leverages proprietary machine learning, artificial intelligence and data mining technologies to empower dealers to take control of their inventory.

Quantum5 Acquires Trivie

The acquisition enables Quantum5 to accelerate its mission of helping the industry provide today’s learners with a positive learning experience that drives retention and performance.