G3 hits milestone with app

Online vehicle remarketing company G3 Remarketing has announced that it has hit a significant milestone, two years on from launching their market-leading app.

The AVID (Audio Visual Inspection Device) platform was introduced by the technology-led business in March 2017 following 18 months of development.  Used daily by G3’s NAMA qualified inspection team, both on-site and remotely at locations across the country, the application was a cornerstone of the record-breaking year for the business in 2018.

Early in 2019, AVID reached the notable milestone of 150,000 appraisals. G3 identified this historic landmark as an opportunity to review both the data and processes created by AVID to see if they could further improve upon the advantages it offers to their vendors and buyers in an ever-changing market.  The inspection team has worked closely with a national SMART repair company to verify the damage estimates used in the system with an accuracy of 96% again current market costs.

Firstly for vendors; G3 consulted with key contacts in numerous industries to get a truer picture of the pain-points that they experience when it comes to vehicle conditions and how they use the appraisal reports.  Whilst they agreed AVID is highly detailed for notifying damage effectively, the stand-out request from finance houses was for further images of damage to use as pictorial evidence for discussions with their customers when it comes rectification.

AVID has now doubled the number of triggers in the system for inspectors to record HD images or videos.  After reviewing the criteria, G3 have now introduced over 500 damage trigger points on vehicles which enforces the inspector to take images which now become part of the pre-sale appraisal report generated for vendors.

For buyers; the increase in damage media for vehicles will give a far greater level of inspection, covering the condition of the vehicle from all angles with G3’s new detailed appraisal report.  Underpinned by the standards of the UK independent appraisals body NAMA, the auction house aims to share more of what buyers want to see ahead of an auction using AVID.

The additional detail offered in vehicle reports will further enhance the experience for online buyers.  G3 believe they offer the most competitive buyers fees in the country and this value-added improvement will allow dealers from across the UK to assess the highlighted damage images from the comfort of their chair and bid online with confidence.