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G3 Remarketing expands physical car auction offering

By / 8 years ago / Latest News / No Comments

As part of a strategy to present a comprehensive programme of remarketing events to the motor trade, G3 will introduce a second physical evening sale every Thursday, from 21 April. The goal now is to attract more trade buyers, interested in lower value stock worth £1,500 or less.

Last winter, the independent remarketing specialist invested £500,000 in the construction of a new physical auction hall in Leeds, just six years after starting out as an online-only auction. This indoor facility, complete with a 30,000sqft viewing auditorium and buyers’ lounges, gives G3 the space to store up to 200 vehicles under cover, and now acts as a prime auction house for part exchange vehicles, supplied by a range of vendors.

Commenting on this next phase of expansion for the business, G3’s joint director Matt Dale said: ‘’We knew we’d identified a gap in the market. So, we’ve worked hard to mirror the levels of service we’ve become renowned for online in the fleet, finance and contract hire sectors. This has driven the high conversion rates and sale values that we’d hoped for, proving to our customers that we deliver on our promises for physical auctions too.

‘’Having quickly amassed a great reputation for these on-site events, we’ve launched a second sale, which will double the amount of physical stock that we list each week.’’

This latest event on G3 Remarketing’s programme means the company now holds four weekly sales, including two online-only auctions on a Wednesday and Thursday daytime.

The Tuesday and Thursday auctions are open to the trade, and will take place from 16:00 every week. Online pre-registration is advised.

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Katie Beck

Katie joined Fleet World in 2012 as an editorial intern, following the completion of an English and American Literature BA from the University of East Anglia. She accepted a full-time position as an editorial assistant at the end of the internship period, and was promoted to the role of features editor in 2014. She works across the magazine and website portfolio, and administrates the social media channels.