Mobile and the Connected World
Q3 2024 Mobile Trade-In and Upgrade Industry Trends Report
Trade-In Programs Hit a New High: Over $1 billion was returned to consumers in Q3 2024, marking the first time this has been reached in the third quarter.
SaaS platforms that deliver the industry’s most complete mobile device lifecycle pricing and operation insights for running trade-in, upgrade, warranty, and insurance programs.
Determining the right balance between trade-in prices that spur new device purchases while still maximizing the revenue generated from preowned device sales is critical in today’s mobile business. Being off by just a few dollars can add up to tens of millions of dollars in lost or under-realized revenue in just a year’s time.
Greater Insight
More Efficient Access
Ability to Predict
Assurant’s Device IQ provides your team with proprietary market insights and pricing data to help you optimize the economics of trade-ins and upgrades.
The subscription-based SaaS platform leverages over a million data points, includes fully automated feeds from dozens of the top programs globally, has a robust catalog of devices, and provides access to historical ASP trends.
Delivers current Trade-in Value (TIV) benchmarking across thousands of SKUs for all major carriers, retail, and OEM programs. Increased visibility into historical trending analysis and predictive forecasting TIVs
Industry leading forecast modules gives the information needed for residual value planning with up to 60-month forecasts.
Business and Operations reporting provides a closer look at the trends within your trade-in program. Access to key performance metrics such as trade volume, trade mix and regional trends gives the information needed to determine if enhancements are needed.
Operation reports allow you to keep track of devices by monitoring trade flows, cycle times and inventory tracking.
Mobile and the Connected World
Q3 2024 Mobile Trade-In and Upgrade Industry Trends Report
Trade-In Programs Hit a New High: Over $1 billion was returned to consumers in Q3 2024, marking the first time this has been reached in the third quarter.
Mobile and the Connected World
Assurant Feature Exchange (AFX)
Technology should make our day-to-day tasks easier and faster. With Assurant Feature Exchange, we’ve made managing protection programs easier to launch, enable, and change.
Mobile and the Connected World
Assurant Protect Select
Today’s consumers want customization and flexibility – and that applies to their device protection plan, too. Our research shows that flexibility increases both purchase intent and persistency.
Want to learn more about how to make your trade-in and upgrade program more profitable? Fill out the form to get in touch.