Online vehicle disposal company G3 Remarketing has reported buoyant results from its inaugural dedicated commercial auction.
“We took the decision to pool our commercial stock and develop dedicated LCV online auctions earlier this year. The first sale in December appears to have confirmed our decision was the correct one,” said Terry McDonald, commercial sales manager.
A selection of vehicles ensured online activity remained strong with 68 registered buyers actively taking part in the sale with the platform processing more than 300 individual bids. Conversion exceeded 80% with overall CAP exceeding 100% of guide.
“There is still demand for commercial stock and the pending VAT increase along with a shortage of desirable examples continues to propel the market,” said McDonald.