Sony Pushes PS5 Owners To Trade In Consoles Amid Unprecedented Price Hikes

Sony is promoting a trade-in offer through refurbished-electronics marketplace Back Market as console prices rise and supply constraints persist. The scheme gives PS5 owners a way to recoup money if they were already considering an upgrade, though the offer may be less attractive than selling privately or keeping the console.

Sony says owners can receive up to $400 for a PS5 in good condition with two controllers; the article notes that used or refurbished PS5s are listed for $600 to $1,300. It places the offer alongside Xbox’s efforts to encourage trade-ins, with demand for consoles expected around the holiday season and the approaching release of Grand Theft Auto 6.