Fleet News

G3 Remarketing reports 14% uplift in hammer value figures for Q1

G3 Remarketing stock

G3 has reported a 14% uplift in hammer value figures for the first quarter of 2018, and is on track to top £80 million 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 seen an upturn of 14% during this period.

The results follow the launch of mobile inspection and asset management application, AVID.

Alongside this, G3 has begun using enhanced HD imagery and introduced 360 degree videos, contributing to an increase in overall total bids on vehicles by 27%.

G3’s sales and marketing director Roger Evans 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. 

“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’s Tuesday sales in April saw online bids doubling and attendance numbers reaching their highest ever levels – setting a new record for hammer value figures.

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

Click here for remarketing best practice and procurement insight

Login to comment


No comments have been made yet.

Related content

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee