How can a 2014 cost more than a 2016 ??

A friend sent me this email.
What is your reaction?
My reaction is in the reply.


Dude,

Due to the crazy high value of used Toyota Tacomas, my truck is suffering from almost a contango effect in that its still worth almost what I paid for it.
I currently have a 2014 Toyota Tacoma Access Cab 4x4 V6 Auto TRD SPORT.
It's sticker was 33 something, I paid 31. I owe 20,400 at 2.9% currently.

Toyota dealer will pay me 25,000 on Trade in, but I have to trade it in for a '16 Tacoma.

2016 Tacoma is 31,500, and 0.0% financing.

When you do the math, it LOWERS my monthly payment from $590 to $560.
Its actually cheaper to buy a new truck.

BUT. Is it worth it given the huge redesign of the Tacoma? Is a totally different truck.
New design, new engine, the f*cked up Atkinson thing. New 4WD system.

I dont know if its worth it.

 

While the monthly cost is lower, he still extends his loan duration by 2 years, by resetting it.
Bottom line seems to be he’s getting $25k and paying $31k, so he’s paying $6k to do this deal, right?

A cars.com search shows that 2014 Tacomas are like $31k to $34k
2016 seems to be priced at $41k
Looks like he can get a 2016 Tacoma for $25k-$29k on open market.

Maybe the dealer's angle is to pay $25k for 2014 and sell it for $34k. Profit $9k.
Dealer buys 2016 for $42k and sells it to friend for $35k. Loss of $7k.
Still makes $7k on the deal ?

Still, why are the 2014s almost the same price? Makes no sense.
Maybe there is subprime lending on the used car market?
Excess credit magnifies artificial demand? College bubble, etc.