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Wednesday, March 29, 2006

J.D. Byrider founder dies in plane crash

J.D. Byrider founder dies in plane crash
Son-in-law and pilot also killed; James DeVoe started chain in 1989
By Jeff Swiatek
jeff.swiatek@indystar.com
March 24, 2006
J.D. Byrider Systems vowed Thursday to carry on with the used-car franchising formula developed by its founder and head, James F. DeVoe, 62, who died in a fiery plane crash in Florida.
The crash, which also killed DeVoe's son-in-law Steele Gudal and a pilot, leaves the Carmel firm without the man who turned J.D. Byrider into the nation's largest used-car chain.
Sheriff's investigators in Brevard County, Fla., said autopsies will be needed to positively identify the three badly burned bodies on the twin-engine private plane that crashed Thursday on the outskirts of the coastal city of Melbourne. But J.D. Byrider officials confirmed they were DeVoe, Gudal and an unnamed pilot.
DeVoe had been visiting with Gudal's family in Jacksonville, Fla., and apparently was flying to Melbourne to check out a possible location for a franchise that Gudal wanted to open there, said Bill Ackermann, vice president of franchise operations.
"It's a real tragic loss," Ackermann said.
Gudal, who owned six Byrider franchises, had earned a pilot's license in the past year and may have been piloting the plane, which crashed in a wooded area, miles short of the runway to Melbourne Airport.
"My guess is he was flying it," Ackermann said of Gudal.
The crash was "pretty devastating," setting off brush fires, said Lt. Andrew Walters, a spokesman for the Brevard County Sheriff's Office.
On Tuesday, DeVoe and other company officials had wrapped up a meeting with franchise operators and owners in Atlanta, Ackermann said.
The company "will go on" without its chairman, president and chief executive, he said. "It's not going to cripple the business. We have a very solid management team."
The company is "very privately held," with DeVoe the primary shareholder, Ackermann said.
In 1989, DeVoe, then a Marion car dealer, founded J.D. Byrider and built it into a chain of 123 dealerships in 28 states. They generated revenue in 2004 of $523 million.
DeVoe's idea was to standardize the used-car sales concept and offer financing to buyers whose credit wasn't good enough to get them conventional bank loans. He sometimes was called the Colonel Sanders of the used-car business. He gave the company his own initials and took the name Byrider from an early electric car.
Carmel Mayor James Brainard said DeVoe was a good corporate citizen and a quiet man who helped others without making a big splash. "I particularly admire his business experience and his contributions to the community," Brainard said.
DeVoe was a contributor to a school for autistic children, Ackermann said. The school was founded by Gudal and his wife, Amy.
DeVoe lived in Fishers with his wife, Andrea L. DeVoe. They have six children. One, James Jr., is president of the 13 company-owned

By Jeff Swiatekjeff.swiatek@indystar.com


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Tuesday, March 14, 2006

Cars Really Are Lasting Longer

Seen as good news/bad news, columnist says factories compelled to build cars that last
Latest survey finds 50% cars lasting 13 years, drivers can get about 152K miles
In 1977, only 1/2 cars built lasted 10.5 years, expectation of 107K miles
Honda, Toyota have 22% fewer breakdowns than industry average, challenge to automakers


Consumers hanging onto cars longer, creates challenges for automakers/dealers
Today, people buying cars for same reason buying dishwashers, want them to last
Car dealers forced to accept "skinnier margins," says Mark Rikess, consultant
Longevity results in growing number of coffee bars, kiddie play rooms in service areas

Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=18459
Sourced From: Wall Street Journal, February 27, 2006

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Monday, March 06, 2006

American Preference for Imports Poses Problem for Used-Car Market


American consumer increasingly favors non-American vehicles
Creates challenge for used-vehicle industry
US vehicles make up greater share of used-vehicle market
But more Americans complain about poor quality, fuel economy of Big-3 vehicles
Significant Points
Even when prices better for US cars, many consumers choose import
Perception of quality, better resale value influence choices
Experts find flaws in some consumer surveys ranking imports higher in quality
Say domestics can be cheaper to repair than imports, balancing out equation
Imports tend to update vehicles more often; domestics tend to change names

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Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=18406 Sourced From: Used Car News, February 20, 2006

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