Carstar forecasts revenue growth after a harsh winter
07/01/2014 3:00 AM
06/27/2014 4:00 PM
For Carstar Auto Body Repair Experts, last winter’s harsh weather has been very good for business.
Carstar is forecasting record revenue for this year, thanks to added business from weather-related repairs, an improving economy and climbing costs for repairing more sophisticated vehicle technology.
Chief executive David Byers said advanced technology makes cars safer but also makes repairs and parts more expensive.
Coming off record revenue of $641 million last year, Carstar expects to eclipse that number in its 25th year in business.
Based on its first quarter revenue, Carstar expects to hit $650 million this year. The privately owned company did not disclose its profits.
Now based in Leawood at 4200 W. 115th St., Carstar began in Kansas City, Kan., in 1989 as a network that independent body shops joined to standardize repair and business processes and collectively buy tools and materials.
The company now boasts 440 stores across 31 states and 10 Canadian provinces. Carstar employs 5,000 people.
Byers said the company is planning on some expansion in the Kansas City area. He hopes to add employees to review Carstar repair estimates at all locations.
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