Snapshot
Trade-in

Shoppers are ready to trade in. Most brands never ask.

In non-mobile categories, willingness to trade-in runs high while the offer runs well behind - an execution gap that's costing brands sales they've already earned.

4 min read
By the Alchemy insights team

In gaming and home entertainment, 82% of consumers intend to trade in. Only 56% were ever offered the option. In floorcare, intent sits at 60%, but just 27% got an offer. The demand is there. The offer isn’t.

 

In our Commercial Opportunity for Trade-in Beyond Mobile report, we found the same pattern across every non-mobile category. Willingness to trade in runs high, while the number of people actually offered a trade-in runs well behind.

 

This is an execution gap and it is costing brands sales they have already earned the right to make.

 

Figure-1--Intention-and-participation-in-trade-in-across-non-mobile-categories

 

Figure 1:  Intention and participation in trade-in across non-mobile categories 

Without an offer, the old device doesn't disappear. It gets thrown away, boxed up in a cupboard or handed down.

 

44% of kitchen appliances are discarded or taken straight to recycling, and consumers are four times more likely to throw a floorcare device away than trade it in. Each one represents value the brand could have recaptured and used to incentivize the next purchase.

Figure-2--Outcome-of-the-previous-non-mobile-device

 

Figure 2:  Outcome of the previous non-mobile device  

Part of the reason non-mobile lags is habit. Smartphone trade-in is normal; appliance trade-in is not... yet.

 

Replacement cycles are longer, so it rarely comes to mind and people assume an old vacuum or coffee machine is worth nothing. The trade-in offer is often simply absent at the point of purchase to tell them otherwise.

 

For brands, the opportunity is to make the offer visible and the journey easy. Surface trade-in value early, while someone is choosing their next appliance. Reset the assumption that old means worthless. And take the friction out of the logistics - 62% of consumers say home pick-up would make them more likely to take part.

 

Non-mobile trade-in is not waiting on consumer appetite. It is waiting on brands to offer it at the point of purchase.

Read the full analysis

This data is explored in depth in our Commercial Opportunity Beyond Trade-in report

For gaming, audio, floorcare and kitchen appliance brands, the smartphone trade-in model offers a clear blueprint for reducing discount dependency and turning otherwise discarded products into new growth opportunities.

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