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

Classic Collision Grows in Minnesota

Classic Collision announced it has acquired Gale’s Auto Body in Blaine, Minn.

Classic Collision announced it has acquired Gale’s Auto Body in Blaine, Minn.

Gale’s Auto Body has had a longstanding tradition of excellence and customer satisfaction over the past 25 years. Their commitment was to provide guests with services and quality that they expect and deserve during the repair process.

USDOT Launches Roadway Safety Call to Action

The Call to Action campaign asks stakeholders to commit to specific actions in 2023 to reduce serious injuries and deaths on our roadways, which have reached crisis levels.

SEMA Sponsors ZEV Conversion Rebate Bill in California

Senate Bill 301 would create a financial rebate program for converting gas and diesel-powered motor vehicles into zero-emissions-vehicles.

Top 5 Stories of the Week

A recap of the top five stories on bodyshopbusiness.com during the week of Jan. 30.

Consolidator Report

Consolidation news from the week of Jan. 30.

Other Posts

Association News

The latest association news on bodyshopbusiness.com.

NGK/NTK, Autel Create Diagnostic Webinar Series

NGK Spark Plugs (U.S.A.), Inc., and Autel U.S. have again joined forces to create diagnostic webinar sessions.

CARSTAR Ranked First Again in Collision by Entrepreneur

CARSTAR has been ranked number one in the collision repair category among the top franchises in Entrepreneur magazine’s 2023 Franchise 500.

Classic Collision Announces Executive Promotions

Classic Collision has announced the promotion of Alexander Brinkman and Cody Johnson to vice president of mergers and acquisitions.