Capricorn heads into 2023 stronger than ever

Australasia’s largest automotive cooperative, Capricorn Society Limited, heads into the new year bigger, stronger than ever before and with a strong focus to the future ahead.

06 February 2023
David Fraser - Capricorn Group Chief Executive Officer

Exceeding the 25,000 Member milestone across Australia and New Zealand in 2022, Capricorn continues to generate outstanding sales and profits for its Members and resulting benefits for more than 2,000 Capricorn Preferred Suppliers.

More than 2,680 new automotive service and sales businesses joined Capricorn during 2022, with Member purchases from Capricorn’s Preferred Suppliers growing by 13% to an outstanding total of $2.93 billion during the year.

As Capricorn’s Members are also its shareholders, these record sales results have resulted in direct financial benefits paid to them by way of dividends, Capricorn Rewards points, trade account rebates and Capricorn Mutual loyalty rebates.

According to David Fraser, Capricorn Group Chief Executive Officer, Capricorn’s ever growing membership and its outstanding sales success in 2022 were directly aligned to integral improvements that were 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,” Mr Fraser stated.

“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,” Mr Fraser added.

Capricorn Members lives are improved by supporting them in building stronger businesses, providing access to the highest quality parts from Australia and the world’s leading automotive component manufacturers, all purchased via the one trade account.

Capricorn also provides its Members with support through business insurance, financial services, automotive service data and business research designed to assist Members with every facet of their business operations.