Did you know that the average cell phone will be used by two to three people before being scrapped? The rise of trade-ins and the demand for quality pre-owned phones is skyrocketing. With that, more carriers, providers, and manufacturers are moving used models to B2B channels (like B-Stock’s mobile marketplace) selling bulk quantities of phones directly to resellers.
But for a buyer looking to get into the secondary mobile market, how do you know what you’re bidding on and buying? What normal ‘wear and tear’ means to one provider, could mean multiple cracks and cosmetic damage to another. These differing of opinions could potentially leave a buyer in the lurch.
In early 2019, the Cellular Telecommunications Industry Association (who advocates on behalf of America’s wireless industry), or CTIA, released universal grading scale criteria for carriers and manufacturers to follow when selling their used inventory. The new grading system, adopted by some but not all manufacturers and carriers, is being pushed by CTIA, industry stakeholders, and secondary market resellers like B-Stock to create a single industry-wide standard. It looks something like this:
B-Stock is hopeful for the adoption of these universal condition codes across all of our mobile liquidation marketplaces. Already, we have required all sellers on B-Stock Supply to adhere to the new codes making it easier for our buyers. You will see this on our B-Stock Supply marketplace:
We are optimistic that all manufacturers, providers, and carriers will soon choose to use the new grading system creating a universal standard for the secondary mobile market. Meantime, be sure to read the individual manifests and marketplace conditions carefully. Stay tuned!