CARSTAR: Strong Q2 Sets Record Sales Pace for 2014

Sept. 12, 2014

Sept. 12, 2014—CARSTAR Auto Body Repair Experts announced on Thursday that its second quarter closed with same-store sales up 12.5 percent over Q1, and the company is on track to deliver more than $650 million in revenue this year.

The projected revenue total would be a company record.

“We expect to see demand for high-quality vehicle repairs continue to grow as the economy improves,” CARSTAR CEO David Byers said. “People are buying new vehicles, which are more expensive to repair, or spending out-of-pocket to repair their existing vehicle. In addition, Mother Nature delivered a tough winter and spring across North America, and we’re seeing those damaged vehicles in the repair cycle now.”

CARSTAR attributed the company growth to several key factors:

  • Increases in repair volumes from its 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
  • Advance vehicle technology such as back-up cameras and on-board sensors are more expensive to repair

In 2013, CARSTAR generated $641 million in total revenue, a record for the company, up from $603 million in 2012.

Subscribe to our Newsletters

Latest in Technology

Entegral
From left: Claire Hart and Jim Puskas demonstrate Entegral’s Assignment Management for Shops.
SEMA Show showcases how telematics may be used to help collision repairers and insurers.
Jan. 17, 2025
Adobe Stock 365753731
ADAS-equipped vehicles
As automakers continue to introduce more sophisticated systems into their vehicles, the demand for highly skilled technicians and advanced diagnostic tools will only grow.
Dec. 20, 2024
AdobeStock_485241075
Robot hand and human hand connecting
How can AI impact collision repair in the future and present?
Aug. 29, 2024