Trade-in Programs Returned Over $1 Billion to US Users
Consumers are holding devices for nearly four years as secondary markets drive demand for aging hardware.
Updated on Oct. 3, 2026 in Consumer Electronics
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In the third quarter of 2024, trade-in programs returned $1.09 billion to United States consumers. Data shows that users are keeping devices longer, with the average age of traded-in handsets reaching nearly four years in 2025.
Why it matters
Slower innovation between annual smartphone generations has extended hardware lifecycles, incentivizing consumers to utilize trade-in programs. This shift is sustained by consistent demand for certified pre-owned devices in Southeast Asia, Latin America, and Eastern Europe.
Trade-in kiosks perform automated diagnostics on battery health and cellular bands in sixty seconds to assess device value. While major operators offer credits exceeding $800, online platforms often pay $10 to $15 more than in-store offers for units in good condition.
The players
Assurant
An Atlanta-based provider of risk management and device trade-in solutions that powers programs for major wireless operators.
The details
Automated kiosks use specialized software to run diagnostic tests that verify the internal components of a smartphone, including the physical integrity of the battery and the functionality of cellular bands—the specific radio frequency ranges used for mobile connectivity. Once the device is appraised, users often receive credits against new flagship purchases, with major carriers providing price guarantees that last for thirty days. These handsets are then funneled into secondary markets to meet the demand for cheaper, pre-owned hardware.
Timeline
Q3 2024: Trade-in programs returned $1.09 billion to US consumers.
Full year 2025: The average age of traded-in iPhones reached 3.80 years.
Full year 2025: The average age of traded-in Android devices reached 3.96 years.
The Tech Race
The global secondary market for refurbished smartphones is currently supported by the extended lifecycles of hardware in Western markets. This ecosystem effectively converts aging handsets into a consistent supply chain for developing economies throughout the rest of the decade.
Consumers looking to maximize trade-in value may find that online platforms offer $10 to $15 more than in-store kiosks for devices in good condition. Because major carriers offer 30-day price guarantees, users can secure an $800 credit while waiting for a new device delivery.
The takeaway
The primary driver of the trade-in economy is the four-year hardware refresh cycle, which has stabilized the flow of used devices to international markets. Consumers should monitor trade-in credit volatility, as these programs rely on the ongoing global demand for refurbished flagship units.
Further reading
Explore more analysis regarding shifting habits in Consumer Electronics.
Source note: This article includes information reported by GCN.
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