CARSTAR Records Record Growth, Sales in 2014
Nov. 14, 2014—CARSTAR Auto Body Repair Experts announced Wednesday that it’s September ended with store sales up 11.4 percent over the September 2013.
For the third quarter, CARSTAR delivered some of the industry’s highest same-store sales and it is looking ahead to record revenue for 2014, the company said in a release.
CARSTAR finished the quarter with same stores sales up 8.3 percent over that quarter in 2013, and is on track to deliver more than $650 million in revenue for the year, a record for the company.
“That growth is fueled by several key factors,” CARSTAR CEO David Byers said in a release. “We’ve seen increases in repair volumes from the top 25 insurance carriers, driven by CARSTAR’s EDGE Performance platform and continued KPI performance. New car purchases have remained strong throughout the year, which leads to higher repair values. Weather continues to drive repair needs, from winter ice and snow to spring hail to summer storms. And, advanced vehicle technology such as back-up cameras and on-board sensors are more expensive to repair.”