As CARSTAR Auto Body Repair Experts celebrates its 25th anniversary, it is setting new performance standards for the collision industry and achieving record sales.
For 2013, CARSTAR generated $641 million in revenue, a record for the company, up from $603 million in 2012. CARSTAR ranks 19th out of 150 private companies in Kansas City, based on 2012 revenue. It ended the year with more than 440 locations across North America, adding more than 40 stores to the network in 2013. It is the largest multi-shop operator (MSO) network in North America and the largest network in the Kansas City metro area.
Looking ahead, CARSTAR is optimistic for continued growth and operational improvements, thanks to weather-related repairs, advanced vehicle technology that increases repair costs and the improving economy.
This year, CARSTAR expects to deliver more than $650 million in revenue, based on a strong first quarter that saw revenue growth from storm damage-related repairs across the continent.
Another factor influencing CARSTAR’s growth potential is the use of advanced technologies and materials in passenger vehicles. While these technologies make vehicles safer and more fuel efficient, they also make vehicles more complex and expensive to repair.
The continued improvement in the economy also will drive growth, as consumers unleash pent up demand to repair or replace older vehicles.