CARSTAR Announces Record Revenue for First Half of 2015

CARSTAR Announces Record Revenue for First Half of 2015

MSO finished the first half of 2015 with revenue of $386.2 million, which puts it on track to outpace its performance in 2014.

CARSTAR Auto Body Repair Experts announced that after a record year in 2014 for sales, growth and industry performance, it finished the first half of 2015 with revenue of $386.2 million, which puts it on track to outpace its performance in 2014.

This year, CARSTAR is seeing year-to-date same store sales increases for the U.S. of 8.3 percent. According to CARSTAR, this leads the collision repair industry among all other companies, which it says deliver an average of four percent increases in same store sales. In addition, CARSTAR is expanding its insurance relationships, securing MSO programs with several of the top insurance carriers.

Last year, CARSTAR delivered North American revenue of $712 million, up nearly 10 percent from $649 million in 2013, a record for the company. It also ended the year with strong same store sales in North America, up 11.3 percent over the previous year.

“We continue to expand our network with strong, well-run shops and work to improve everyone’s efficiency and margins through programs focused on business management and operational improvements,” said CARSTAR CEO David Byers. “We’ve seen increases in repair volumes from the top 25 insurance carriers, driven by CARSTAR’s EDGE Performance platform and continued KPI performance. We are seeing higher repair values as consumers continue to purchase new cars. And, while the second quarter tends to have lower weather-involved repairs due to spring conditions, we saw strong growth across the network.”

You May Also Like

Lawson Products Acquires S&S Automotive

Like Lawson’s Kent Automotive business, S&S Automotive is an industry-leading distributor in the automotive dealership market.

Distribution Solutions Group, Inc., a premier specialty distribution company, announced that its operating company, Lawson Products, Inc., completed the acquisition of S&S Automotive, Inc., a leading automotive and industrial parts supplier based near Chicago in Woodridge, Ill. Lawson Products has an automotive-focused division, Kent Automotive, which distributes automotive and industrial class C-parts to auto dealerships and collision repair centers throughout North America.

Crash Champions Expands to Great Falls, Montana

Crash Champions has announced the successful acquisition of Mitchells’ Crash Repair, Flawless Auto Body and 3 Way Auto Body.

Car ADAS Solutions Announces New Licensee in California

Car ADAS Solutions has announced ADAS Vision as a new licensee in Imperial, Calif.

GM Customer Care and Aftersales Celebrates National Skilled Trades Day

General Motors CCA celebrates the more than 43,500 skilled auto technicians across its dealerships as well as the more than 1,100 students currently on the path to joining the industry through its various programs.

Fix Network World Apprenticeship Program Celebrates First Graduate

The Fix Network Apprenticeship Program is the first automotive glass apprenticeship in the U.S., and Duran is the first graduate.

Other Posts

Car ADAS Solutions Announces New Licensee in Michigan

Car ADAS Solutions has welcomed Lakestate Calibrations as a new licensee in Gaylord, Mich.

CIF Offers Assistance After Recent Devastating Storms

The Collision Industry Foundation is here to assist collision repair professionals who have suffered a significant loss.

ALI Announces Lifting Points Guide Now Available in Digital and Print

Easily find OEM-recommended lifting points to properly lift cars, trucks and SUVs.

NTSB Chair Praises NHTSA Action on AEB Final Rule

Jennifer Homendy lauded the new standard requiring all new passenger cars and light trucks to have automatic emergency braking and pedestrian AEB systems.