Gen3 Values impact from high Gen4 pricing

Should we expect to see, hopefully, the resale values of Gen3's strengthen as the reality of the higher priced Gen4's becomes more apparent?

 

They're already strong

 

And, stronger would be mo' betta'

 

Yea, inflation is really putting a smile on my face.

 

Taco’s go for a premium no matter what year if they are in fair shape. Rav 4’s are the same way. I sold my 2017 Rav for almost what I paid for it 2022. Shows that previous gen Toyotas hold their value very well. At least in my mind.

 

Used car prices aren’t going down anytime.

Two years ago it was because of the semiconductor “shortage” and supply chain BS.

Now it’s because new cars are beyond expensive.

 

This is what some can’t comprehend;
Yeah resale is strong AF, but new prices are even higher. So unless you’re downsizing your truck, house, etc,,, you’re still paying more.
Shopping resale values, with no intention of purchasing new/another, is a waste of time to me. But do what blows up your skirt.

 

Didn't say nor do I intend to sell. Just feels a bit better that the value is higher.

Kind of like your home. Not that most people move all that often...but, it is good that you're sitting on your property that is worth more year-to-year. Right?

 

IF the trend continues then

I waited years to buy another truck. Kept thinking surely the madness will end. It never did.

Certainly consider it a missed opportunity that I didnt buy 4 or so years ago. If the market does take a shit itll be almost certainly because I finally pulled the trigger. So you guys can thank/blame me when it happens.

 

Only benefits when selling, otherwise I’m just paying more year over year in property taxes for living in the same house…

 

Mine have almost tripled over the past 5 years, and the insurance HAS tripled.
No benefit to me, at all, whatsoever.

 

I just saw the pricing for the TrailHunter today. It blew me away! $62,900! Throw tax and fees on there and it's easily over $65k. I just can't believe that a quarter ton is going for those prices. I'm still shaking my head.

 

Yup. And add a $2-5K dealer markup in my area (on TRDORs, who knows for TH and Pro) and it is a big "nope"

 

Once you price out the usual mods that people do to their ORs the Trailhunter isn't priced too badly for what is essentially a factory built version of the typical Tacoma World truck.

 

I bought my Tacoma during peak Covid pricing and paid MSRP, really don’t regret it because it’s paid off now and I don’t need to spend money on a new vehicle.

The lease just expired on my wife’s Cayenne and we handed it in and were hoping to buy a new Lexus GX, but the dealer apparently sold it out from under us.

She’s driving her old JGC now, I’m thinking about just buying the last fifth generation 4Runner because I don’t have any hope for new Toyota products anymore.

 

I said this in another thread but I think this is the real reason.... The value of these trucks is going up a little but the value of the dollar in your pocket is also dropping at an exponential rate over the last couple of years. So it takes more dollars to buy almost anything.

 

I was in the same situation. Bought mine in 22, paid msrp, and paid for. Don’t regret it for a second. Trading in my RAV 4 nearly paid it off to begin with. Plus I did not get hosed in taxes cuz in the Peeplz Republic of Washington State, you only get taxed on the balance. Like all good things WA has ever had I am sure that will go away soon!

 

Not me. I hope 3rd gen values go to the toilet so I can pick one up for cheap as a daily when my 4Runner croaks.

 

I was on the fence between buying my 2023 or waiting for a 2024. Of course, I wasn't looking at the TrailHunter, just the OR. Glad I went with the 2023. I paid MSRP too, which given the fact that is was a trial to find an OR that wasn't already called for, I was perfectly happy paying MSRP.

True, inflation is driving up prices, but it's also corporate greed. In my world, inflation isn't keeping pace with the rising cost of goods.

Toyota's price increase between generations bears this out. The base price for a 23 OR was 36,790. The base price for a 24 OR is 41,800. According to the Bureau of Labor Statistics, inflation was at 3.4% from 2023 to 2024. So, all things being equal, the price of a 24 base model OR should only be 38,040. However, Toyota raised the price here somewhere between 13 and 14%. This thing happened when the 3rd gen came out. The price jump was ridiculous.

I understand it's a new generation, so we should expect a price increase, combined with inflation and the economic factors. However, if we factor out inflation, then Toyota raised the OR price around 10%. To me, it sounds alot like greed.

 

^Huh? Car companies' primary objective is to make money, and we've all seen what happens to car companies that don't make money.

People bitched about the 3rd gen having open-channel frame, leaf springs, and drum brakes, all the things that made 3rd gen cheaper to build. Here's the result.