TACO SEPT SALES SELLING LIKE "MAD"

I was looking at GMC and Chevy options for a bit. Coming from 6 years on a Jetta I was pretty green to the midsize pickup. My 2017 Off Road that I got a couple weeks ago has been great, makes me wish I had made the switch sooner

 

I don’t think we can judge what the new Ranger will look like based on Australian models. The latest Toyota Hilux looks like balls compared to the North American Tacoma, so maybe that’s just the fashion down under at the moment: trucks that look like balls.

 

Looks like a Ridgeline to me:

 

Agreed. My guess is the front will be based on the current F150 or Ford Edge, but with modifications to differentiate it.

 

That's the bank's problem, not mine!

 

We have a good idea of how the North American Ranger Raptor will look, based on spy shots:
https://www.tacomaworld.com/threads/ford-ranger.499742/page-6#post-15813978
https://www.tacomaworld.com/threads/ranger-raptor.396119/page-5#post-15468694

 

The interesting thing about the Tacoma selling 16-18k units a month, Tacoma sales are going to top 200,000+ units.

How does the Tacoma retain their value so well if so many of them are sold in a year?

Currently there are 4,366 used 2016-2017 tacoma’s for sale nationwide. You would think the used market is going to get saturated with a lot more used tacomas if they keep selling in high volumes thus depressing the resale value.

Is it because the Tacoma is sold with minimal discounts and rebates that the Tacoma holds its value so well?

 

Resale value matters if and when you sell it. How many Tacoma owners keep their trucks 10+ years? I think many of us will.

So resale value means little to me because I usually go from dealership (brand new) to beater status.

I have owned pickup trucks almost exclusively for 30+ years, and the one time I private sold my used 1980 C10, it was in my parents driveway for about 4 hours before a mason stopped and paid cash, no negotiating- always some contractor looking for a business truck- that was before these became such cushy rides though.

But yes, 200k is impressive and sooner or later the market will reach the saturation point imo.

 

The Tacoma retains its value so well because Toyota makes very little changes to them over the generation. When someone buys a Tacoma used, chances are it is pretty much the same as the new ones. When they do change the changes are subtle to the average buyer. That, plus the reliability and durability, is what gives Toyota their high residual value. Who changes models frequently? Ford, GM, Dodge. Who doesn't? Jeep Wrangler. Everyone knows they are junk yet pay top dollar for them used. Top three are Tacoma, 4Runner, Wrangler. They have the Chevy Silverado up there but I don't believe it because of the steep discounts given. Here ya go: https://www.kbb.com/new-cars/best-resale-value-awards/best-resale-top-10-cars/

Bottom line, it's always going to be a case of supply and demand.

 

Unless the market changes. Case in point: Pickup truck demand changed from two door to extended cab to four door all in the space of about 15 years. In the '70's if you had a four door truck (unicorn) you couldn't give it away. Now if you have a standard cab it's a unicorn.

Personally, I think the market will change from the current half ton truck being the most popular to either a mid size truck like ours and the new Ranger and the Colorado, or the 3/4 tons, with the half ton market shrinking.

 

That is the financially smart thing to do with any vehicle purchase.
Buy the vehicle and drive it into the ground until it’s practically worthless.
I am planning on keeping mine until the odometer turns 200,000+ miles before I get rid of mine as well and sell it for I can get out of it then.
When you pay $30-35k for a truck the best thing to do is keep it for as long as possible. If takes me 20 years to reach 200,000 miles. The total cost of ownership comes out to $1500-1600 a year. At that point I can say I got my money worth out of the truck.
If I trade after 5 years with 60-70k miles at a dealership for $20-22k. My cost of ownership would be $12-14k in depreciation or $2800 a year.
The longer you keep the truck, the more value you get out of it.

 

Modern financial prospectus contain the following blurb:
Past Performance Is Not Indicative Of Future Results

That being said, i agree with your opinion about mid-sized trucks, not based on anything other than my opinion- the mid-sized access cab is the finest iteration of the pickup truck ever made.

Having owned regular cab trucks, the storage behind the bench seat was really not very useful.

The double cab short bed to me seems like trying to be too much of an "all around" vehicle - sacrificing the truck aspect in favor of broad appeal.

Double cab long bed- mid size trucks are better getting around tight spaces, parking on urban streets, and just navigating in traffic, DCLB negates many of those aspects.

Sorry to thread jack OP, but these are called "threads" for a reason.

 

Haha of course past performance does not guarantee future results, but past performance is all we ever have to go on about anything in life! If your Tea tasted good yesterday then chances are it will taste good tomorrow, or if your arm didn't hurt yesterday it probably won't hurt tomorrow, or if Tacoma had good sales yesterday then it will probably have good sales tomorrow. The trick is learning from the past and applying those lessons for future results tomorrow.

 

And a truck purchase is not an "investment" , lol.

And also, I agree with you.

 

Did the Ranger out sell the Tacoma on a regular basis ?

 

I wonder if it will be at all like the Aus rangers? This is interesting.

https://www.youtube.com/watch?v=Ili47VRaUxU

 

2004 was that last time the Ranger outsold the Tacoma. I'd venture a guess that quite a few fleet sales went the Rangers way as well. The transit connect will get the vast majority of those sales now.
It will be interesting to see what happens going forward, but part of the appeal of the ranger was its low cost and small size, neither of which will be the case now(relative to the old Ranger). I also wonder if new Ranger buyers will be pushed towards an F-150.

I owned an '89 Ranger and really liked it, so no fanboyism meant in this post.

 

I deleted my quoted post to save you from having everyone and their brother comment about it.

 

Agreed. I do expect the Ranger to have a huge impact in the market. Tacoma will continue to be number one for some time. But the Ranger and Colorado will be a strong #2 and 3 in the midsize market. So Toyota can no longer get by with just minor improvements.

Atleast I know the Ranger will have power seats