“What vendors really appreciate is that grs buys cars all year round, not on a seasonal basis or when it suits us, but month in, month out,” says Andy Lowe, arriving back at base in Shrewsbury after visiting one of his clients – a car rental company. “That’s one of the things that really sets us apart.”
Another important factor is flexibility, with grs happy to work with vendors in the way that best suits their business model, including outright purchase, residual value underwriting and acting as an agent to sell vehicles on their behalf to a network of more than 13,000 franchised and independent retailers the length and breadth of the country.
“It’s so important for me to visit vendors on a regular basis for a a catch-up. It’s a chance to discuss what they have coming up for sale and how they’d like to work with us to sell those vehicles,” continues Andy, who places great value on the relationships he is able to build with his customers.
“It’s not just the fact that we buy vehicles, it’s the way that we do it that’s important too. People buy from people, and we’re a relationship business as much as a car buying business, so it’s important to get that right.”
He continues: “We pride ourselves on being good people to do business with. We treat people the way we want to be treated ourselves, and that’s why we always pay for vehicles promptly and always do what we say we’re going to do, as trust is so important.”
Following his first meeting of the day, Andy dropped in to see another vendor – a contract hire company – to pick up some vehicle logbooks before dropping in to see a retailer on his way back to Shrewsbury. “It’s essential for me to understand their perspective and take on the market too,” he says, “as sharing our market intelligence with vendors is also important.”
From time to time, he will also arrange to show a vendor around the company’s logistics centre at Cold Meece in Staffordshire – a purpose-built location which brings to life the scale and sophistication of the grs operation. “As soon as people see Cold Meece they understand how we have the capacity to de-fleet and re-market their vehicles so quickly and efficiently,” he says. “As well as being able to store 4,500 vehicles safely and securely at any one time, the bespoke systems and processes in place at Cold Meece are extremely impressive, while the site also includes our new high quality photographic centre with a 360-degree turntable.”
The remainder of Andy’s time is spent striving for perfection. “I’m forever checking stock and making sure we have all the necessary service histories, keys and documentation we need to sell vehicles quickly for vendors, because that’s what it’s all about for us – making vehicle re-marketing as easy as possible.”
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