Used Toyota Tundra Price Increases – Holds Value Better Than Others
Tim Esterdahl | May 14, 2013 | Comments 12
The used truck market is HOT right now! How hot? The Toyota Tundra and other pickups have seen their used truck prices rise. Which one is holding its value the best? You guessed it, it’s the Tundra.
The used truck market is hot right now and so is the Tundra. Surprised? We didn’t think so.
Dixon told Automotive News:
“We expect large pickups to be one of the better-performing segments for the year,” Dixon says. “They’ve got a couple of things going for them. Used supply is still fairly low relative to where we were just a few years ago [as a result] of reductions in production and retail sales going back to high gasoline prices in 2008.
“You also have the growth and improvement in the housing market.”
Most analysts agree that used-vehicle prices peaked in March and the market will start to stablizie soon. However, the car market is expected to recede much faster than the truck market. This is due to seasonal deprecation patterns and rising/falling of gasoline prices.
Further demonstrating their point, Automotive News created the chart below using NADA numbers.
This chart shows how much better the Tundra holds its resale value. Chart courtesy of Automotive News.
Tundra owners have known for years that the truck has a high resale value and charts and stories like these reinforce that fact. The truth is that while the Tundra doesn’t have the bells and whistles of the competitors (active grille shutters, lighter weight frames, etc…) it is simply one durable and dependable truck. This is great for owners who are looking to have a vehicle that runs for a long time.
Most analysts and industry experts continue to believe that used truck residual values will remain high. With the new cars exceedingly full of plastic and less durable than past versions, trucks keep on running for years.
What do you think? Are you surprised by these numbers?
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Filed Under: Tundra News
Good to see value staying up. You can’t get people to believe the value of the product if they don’t want to see it. We should be happy that the Tundra isn’t the top seller because of this value. As long as I know what the value is I’m satisfied being on top.
Mickey,
Agreed!
-Tim
Those numbers seem a little odd. For example, the resale on the Dodge Ram seems to be a lot higher than I would expect based on its reputation for problems.
Hmm… Good point.
-Tim
This report is worth a nickel.
http://editorial.autos.msn.com.....autos_4313
Funny how the winner of the full-size pickup, isn’t going to be built anymore. Doh!
-Tim
I think Ford may drop a bit:
http://www.autonews.com/apps/p.....z2TObxqaOh
LJC,
You knew this was coming. I’ll have a post about this next week.
-Tim
Yep and this is the tip of the iceberg. I suspect what will follow is premature engine wear from a slow but relentless flow of moisture into the egine. I’d be curious to see oil analysis reports for EcoBoost owners.
Saw that in TundraTalk. It’s just starting for Ford. BTW Tim I replaced my AIP pumps and cleared codes. Secondary pump or outside pump was full of water causing failure.
Mickey,
Good to hear and know about the secondary pump. Thanks!
-Tim
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