Record Volumes Offered in April

Record Volumes Offered in April

G3 Remarketing has reported record entry volumes through its range of online platforms in April as the company continues to expand its offering within the UK

Despite not dealing with main dealer part exchange stock, G3 experienced a 23% increase in volumes compared to 2013 with the majority of that increase coming from contract hire and leasing companies.

“Across the market, auctions have been experiencing increased volumes and that has been driven by a number of reasons from part exchange product filtering through the dealers and contract hire operatives de-fleeting greater volumes. We are pleased that G3 Remarketing continues to cement its position within the industry as a true alternative to other online and physical disposal routes” Amanda Holtby, Director

G3 also reported that online activity had peaked at a record high in the first week of April with visitor numbers up by 8% on the same month the previous year.

“We launched our virtual auction software in Q3 2013 and this has slowly allowed us to attract a wider portfolio of bidders to engage with G3. These increases in visitor numbers clearly demonstrate that our continued investment in software is starting to reap the benefits”

“In June the G3 bidding platform will be updated with a raft of new features to provide even more engagement for our buyers and sellers and with increased volumes, the business will be looking at expanding its sales program to accommodate this supply which will also include a range of cascade remarketing options” Holtby added.

G3 Remarketing is close to releasing its new mobile app, something that the business understands is vital to its continued success.

“We’ve been working on a universal app for many months now and this will be launched shortly. This will allow real-time bidding, stock searches, video streaming plus a range of other unique features to help buyers to purchase stock. These are exciting times for everyone involved with G3 and we hope to deliver industry leading solutions to increase our presence within the market in the very near future” Matt Dale commented