Inaugural Online Commercial Sale Success
Following a successful 2010, 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” Terry McDonald, Commercial Sales Manager
A full spectrum of vehicles ensured online activity remained strong with sixty-eight registered buyers actively taking part in the sale with the platform processing over 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. Whilst traders struggled to attend physical auction due to the recent weather conditions, access to correctly appraised LCV stock online is obviously appealing. More commercial buyers are turning to electronic purchasing platforms to acquire stock and G3 Remarketing is ideally placed to take full advantage” commented McDonald
“2011 will witness another player entering the LCV remarketing arena. Due to our unique customer service and purchasing technologies we are optimistic that commercial buyers will continue to embrace our offering and chose G3 as their first port of call for acquiring quality used stock”
The New Year will see the launch of a fortnightly LCV online auction at G3 Remarketing with all stock direct from fleet, leasing and finance companies. Those suppliers seeking an alternative route to market to maximising residual returns are encouraged to contact G3.