G3 Remarketing set to top £80m in vehicle sales following technological investments

G3 Remarketing, the independent car auction specialist, has seen a 14% rise in hammer value figures for the first quarter of 2018, and is set to surpass £80m in sales this year.

The start of 2018 has seen an increase of 46% in digital bids when compared with the last quarter of 2017, and the number of vehicles purchased online has also rose by 14% during this period.

These figures follow on from Leeds-based G3 investing in new technology, including the launch of a mobile inspection and asset management application – AVID. The app has been developed in-house by G3’s technical team, and allows the firm to capture a more accurate assessment of a car’s true condition.

Alongside this, G3 has begun using HD imagery and introduced 360 degree videos to further demonstrate product quality. These technological developments have contributed to an increase in overall total bids on vehicles by 27%.

Roger Evans, G3’s sales and marketing director, said: “This positive start to 2018 has really highlighted the dynamic grading and pricing capabilities of the app, whilst showing our clients the best possible view of every vehicle.

“We have also recently launched a 30-point assured check – G3 Assured – which provides dealers with a mechanical inspection report, pinpointing the condition of the tyres, brakes and engine when running. So, these latest stats indicate that our innovations have improved dealer’s confidence in the condition of the vehicles we sell, which is great to see!”

G3 Remarketing holds up to 14 online and in-hall auction sales each month, with Motability Operations being one of the most recent vendors to have come on board.

Roger added: “We’ve had a fantastic start to 2018 and the team is excited to see what is ahead for the remainder of the year.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →