Byrider recently said the buy-here, pay-here dealership network is gaining momentum this year with a franchisee-led ownership structure, a major investment in its homegrown dealership management software and franchise growth plans.

According to a news release, there currently are 36 franchising groups, with nearly 70% of that collection owning multiple stores. The company continues to grow its nationwide presence, as demonstrated by a new location that recently opened in Jacksonville, N.C., this past quarter.

In 2024, the company was acquired by Byrider Franchise Partners, an investor group of existing Byrider franchisees who partnered together to lead the company with a focus on providing the franchise system with software and support to help them compete and win in their markets.

Recently the company also announced a major technology investment to modernize its proprietary Discover software platform. Built specifically for the BHPH model, Discover can power dealership operations across vehicle acquisition and reconditioning, sales, underwriting, service, collections and accounting.

“This is a bright, new chapter for Byrider. We’ve been hard at work over the last few years to put the right pieces into place, and now we’re ready to kick things into high gear,” chief executive officer Mike Onda said in the news release.

“Expanding our franchise footprint will allow us to meet the growing demand of individuals who need a structured path to vehicle ownership and to improve their financial standing, while our recent investments in modernized technology demonstrate our continued commitment to franchisee support and success,” Onda continued.

Now focused on strategic franchise growth in key markets across the country, Byrider is currently awarding franchises to auto industry veterans; banking and finance professionals who understand credit and collections; and multi-unit retail or restaurant operators looking to diversify into a different category.

“It’s been incredible to see how the Byrider model has helped franchisees reach new potential with national buying power, robust support and the tools they need to run great BHPH businesses,” Byrider vice president of franchise development Ryan Conrad said.

“We want to grow the system thoughtfully with individuals who not only possess the proper know-how, but who also have a deep passion for their communities and making a difference in customers’ lives,” Conrad went on to say.

For more information about Byrider, visit byrider.com. To learn more about franchising with Byrider, visit byriderfranchise.com.