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U.S. mobile trade-in programs returned $757 million to consumers in Q3 2021, reveals Assurant

19 November 2021—Assurant (NYSE:AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today announced findings from its analysis of the mobile device trade-in and upgrade market for Q3 2021. Its Q3 Mobile Trade-in and Upgrade Industry Trends report reveals that mobile trade-in programs returned $757 million to U.S. consumers, a 33% increase from both Q2 of this year, as well as from Q3 2020. Assurant’s data shows the significant role mobile trade-in programs are having in supporting the upgrade to 5G.

Mobile trade-in programs returned $571 million to U.S. consumers in Q2 2021

26 August 2021—Assurant, a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today announced findings from its analysis of the mobile device trade-in and upgrade market for Q2 2021. Its Q2 Mobile Trade-in and Upgrade Industry Trends report reveals that mobile trade-in programs in the U.S. returned $571 million to consumers, a 152% increase from Q2 2020 and a 25% increase over Q2 2019, reflecting a return to pre-pandemic levels.

Despite COVID-19, over $2 billion returned to US consumers through mobile device trade-ins in 2020

11 February 2021 – HYLA Mobile, an Assurant company, and the world’s leading provider of software technology and services for mobile device returns management and reuse solutions, today announced results from its analysis of the mobile device trade-in market for 2020. The annual report reveals a total of $2.11 billion was returned to U.S. consumers in 2020 through mobile device trade-in programs. Despite the Coronavirus pandemic having a huge impact on the global smartphone and secondary device markets, as well as retail shutdowns, money returned to U.S. consumers via trade-ins fell by just 11% in 2020 (from $2.378 billion in 2019).

Despite decrease in smartphone sales owing to Coronavirus pandemic, trade-in values increase

4th August 2020 – HYLA Mobile, the world’s leading provider of software technology and services for mobile device returns management and reuse solutions, today revealed the delayed impact of the Coronavirus pandemic on U.S. trade-in programs. According to HYLA’s Q2 2020 trade-in trends research, $225 million ($225,693,362) was returned to U.S. consumers as part of trade-in programs — a 50% decrease from the same quarter last year. Although HYLA’s data typically shows a seasonal dip in Q2 from Q1 by about 15%, this year saw a 57% decrease.

Pre-owned Mobile Device Values Stay Strong Amidst Coronavirus Pandemic

29th April 2020 – HYLA Mobile, the world’s leading provider of software technology and services for mobile device returns management and reuse solutions, today released data on mobile device trade-in trends for Q1 2020. HYLA’s data reveals that despite the Coronavirus pandemic causing significant disruption to the supply and distribution of new and pre-owned devices, it has not had much impact on pre-owned device values. In fact, according to HYLA’s exclusive data, pre-owned smartphones have held their value from Q4 2019 and returned more than $535 million to U.S. consumers through mobile device trade-ins in Q1 of this year—an increase of 1.5% from Q1 2019.

HYLA Mobile: Mobile trade-in programs returned $2.378 billion to US consumers in 2019

30 January 2020 – HYLA Mobile, the world’s leading provider of software technology and services for mobile device returns management and reuse solutions, today announced results from its analysis of the mobile device trade-in market for 2019. The report reveals that $2.378 billion was returned to US consumers last year via mobile device trade-in programs—an increase of 4.7% from 2018.

HYLA combines live market figures and its own analytics solution to identify the latest trends for the pre-owned mobile device market in North America. HYLA provides its analysis of the latest market trends both on a quarterly and annual basis. Key findings from HYLA’s 2019 trade-in trends report reveals that: