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Capricorn experiences record growth in 2022

The Capricorn Society experienced a massive milestone in its growth for 2022 as more mechanics join Australasia’s largest auto cooperative.
The group grew to more than 25,000 member last year with over 2,000 Capricorn Preferred Suppliers also confirmed.

Purchases from Preferred Suppliers grew by 13 per cent leading to a total of $2.93 billion in purchases in 2022.
Capricorn’s Members are also shareholders, meaning they benefitted through dividends , Capricorn Reward points, Capricorn Mutual loyalty rebates or trade account rebates.

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“We implemented a new Capricorn Group strategy last year that included a deeper focus on people and culture along with a lens on the benefits of innovation for our continued future success,” Capricorn Group CEO David Fraser said.
“As is the case with such an intrinsic focus on our operations across all divisions, some important changes have been made to our organisational structure and role responsibilities.
“It is a very exciting time for Capricorn and our growing Member base across Australia and New Zealand, along with the outstanding people who have joined Capricorn and contributed to its remarkable success.
“We are proud of the calibre of people whom we have attracted over the last two years. It is an excellent reflection of our strength and our brand reputation in the market.”

Capricorn aims to grow its member businesses through providing access to quality parts from well-regarded manufacturers in Australia and across the world.
It also supports Members through business insurance, financial services and other logistical services to benefit their operation.

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