Assurant Reports Record $1.59 Billion Returned to Consumers in Mobile Trade-In Surge

Reuters12-04

Assurant Reports Record $1.59 Billion Returned to Consumers in Mobile Trade-In Surge

Assurant Inc. has released its Q3 Mobile Trade-In and Upgrade Industry Trends Report, highlighting significant growth in the secondary mobile device market. The report shows that consumer trade-in programs returned a record $1.59 billion in value during the third quarter, marking a 46 percent year-over-year increase and a 19 percent rise over the previous quarter. This surge is attributed to consumers trading in newer devices earlier to access smartphones with advanced AI capabilities, driving higher-value devices into the trade-in ecosystem. Year-to-date, trade-in programs have returned $4.17 billion to consumers, a 54 percent increase over the same period last year, putting the market on track to surpass 2024's record total. Assurant notes that these trends are contributing to greater affordability and sustainability in the mobile device market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Assurant Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251204879367) on December 04, 2025, and is solely responsible for the information contained therein.

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