Strong Growth Sees Capricorn Surpass 25,000 Members

Capricorn Society exceeded the 25,000-membership milestone across Australia and New Zealand after more than 2680 new automotive service and sales businesses joined the organisation in 2022. Member purchases from Capricorn’s preferred suppliers also grew, rising by 13 per cent to $2.93 billion during the year.

According to Capricorn, the record sales resulted in direct financial benefits to members through dividends, Capricorn rewards points, trade account rebates, and Capricorn Mutual loyalty rebates.

David Fraser, Group Chief Executive Officer of Capricorn, said the society’s growing membership and its sales success in 2022 were directly aligned to improvements made across the group’s leadership and operations.

“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.

“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.”