Page 10 - Australasian Paint & Panel magazine Nov-Dec 2021

NEWS
10
PAINT&PANEL NOVEMBER / DECEMBER 2021
WWW.PAINTANDPANEL.COM.AU
REFUNDS FOR CAPRICORN MEMBERS
WHILE MOST ORGANISATIONS CHARGE
membership fees, Capricorn is paying its members a record $71 million in fi- nancial year 2021/22.
This included the announcement of a $15 million trade volume rebate, dis- tributed in proportion to members’ use of their Capricorn trade accounts. The lump-sum payment represents a direct return of profits in what was another successful year for the cooperative.
This is the fourth consecutive year the trade volume rebate has been paid, despite many global challenges.
Capricorn members also received an additional $38.5 million throughout the year in reward points.
As shareholders of the cooperative, Capricorn members also received a to- tal $17.5 million via a healthy 7% fully franked dividend, representing a 10% return inclusive of tax benefits.
Finally, eligible members with risk protection provided through Capri- corn Mutual shared in a $6 million Loyalty Rebate. This first-time rebate rewarded members who have been with the insurance provider for three or more years.
MOST
CARS
INSTAGRAMMED
WHEN IT COMES TO DREAM CARS THE
most bragged about model on social me- dia is the Dodge Challenger.
Researchers for car rental comparison website StressFreeCarRental.com crunched the numbers to see which car brands and models were the most tagged with the hashtag #DreamCar on Instagram. It’s a totally different line up than last year which was dominated by the Por- sche Panamera and BMW 7 series.
THE TOP TEN DREAM CARS ARE:
• Dodge Challenger (22%)
• Lamborghini Aventador (21%) • Mercedes G-Class (18%)
• Porsche GT3-RS (12%)
• Mercedes CLA AMG (10%)
• Bugatti Chiron (6%)
• Audi R8 (5%)
• Ford Mustang (4%)
Both the Nissan GT-R and the Volk- swagen Golf R came in equal ninth.
MARINO RESIGNS FROM S.M.A.R.T
DAVID MARINO HAS RESIGNED FROM HIS
position as CEO of Capital SMART and excutive general manager of
Drive, AMA's division for
driveable repairs. The AMA re-
structure and the promotion of Marino to the new Drive role was announced in early July.
Marino joined SMART when Jim Vais was at the helm and has had four years’
experience leading the Capital S.M.A.R.T business since Vais left the company. The recent restruc- ture installed Mathew Coop- er formerly at Bapcor as Group Chief Operating Offic- er to oversee the three divi- sions. Marino's departure fol- lows a mass exodus of senior management since former
AMA CEO Andy Hopkins.