G3 Remarketing is introducing a new online bidding portal in mid-April.
The company claims that vendors have never previously had a specific portal in which to comprehensively manage their sales online.
It suggests what with its new platform, G3 Remarketing now offers vendors a truly interactive experience that will maximise returns, while having almost zero impact on their daily duties aside from disposing of vehicles.
G3 says vendors will now have the ability to communicate directly with the auctioneer, who will be conducting the sale, while viewing a portfolio of the highest quality, accurate images and audio files.
They will also have a suite of tools which allows complete involvement during all live online auctions. G3 is claiming an industry first and says it will "set the benchmark for all future iterations".
The auctions will run in concurrent lots, with each vehicle being offered online for around 30-40 seconds. A live auctioneer will convey all incoming and proxy bids online, replicating the environment of a physical auction hall.
Matt Dale, founder and director of G3 Remarketing said: "Historically the bidding process took the form of a timed sale which included ‘bid extension’ to prevent last minute gazumping. The revised platform will reduce the sale duration, allowing users the opportunity to spend a few minutes securing the required stock, rather than a few hours.
"Once bidding gets underway, vendors can clearly see the bid amount, geographical location and type of bidder, as well as ask the auctioneer for more money or place a vehicle on-sale. Throughout the process, a rolling total sale performance will be clearly displayed allowing users the ability to review their position instantly.
"Should a vendor be unable to log on during a live event, they will still have the ability to review the performance, sell vehicles and ask for an increase on bids, post sale. This is also a key feature should they miss a lot at some stage during a sale."
After reviewing the detailed costed damage reports, comparing the high-resolution images and listening to the full audio description of a vehicle, the vendor can then set audio sale reminders whilst they carry on with their daily activities. G3 says the requirement for remarketing managers to hang around at auction centres to await their section of vehicles to be offered has now been eliminated.