Owning a great truck for a long time is something that a lot of truck owners do. However, some truck owners may want to sell their truck sometime down the road. For those truck owners, they’ll want a truck that can hold its value for as long as possible, and there is one truck brand that can do just that, according to Autoblog.
A Toyota truck may seem like an underdog compared to American trucks like a Ford F-150 or a Chevy Silverado, but Toyota’s trucks are well known for durability and toughness. Although it’s not available in the U.S., the Toyota Hilux is one of the toughest and most durable trucks ever made.
It’s no surprise then that according to Autoblog, Toyota’s trucks are not only tough trucks, but also tough in terms of the ability to retain value. In fact, Autoblog says that Toyota’s two trucks that are sold in America, the Tacoma and the Tundra, are two of the best trucks in terms of ability to maintain value.
When other vehicles are included, Toyota actually takes up three of the top five spots in Autoblog’s list of cars that maintain their value the best. The only truck brand that beats Toyota is Jeep, but not by much.
Holding its value
Autoblog says that the Toyota 4Runner, which is an SUV, only depreciates about 36.5% of its value over a 5 year period. The 4Runner was ranked fifth in Autoblog’s list. In fourth place is the Tundra, which depreciated about 35.9% of its value over a 5 year period. In third place was the Tacoma, and Autoblog said that it depreciated about 32% of its value over a 5 year period.
For reference, first and second place went to the Jeep Wrangler and the Limited trim of the Wrangler. These two Jeeps depreciated about 31.5% and 30% of their value over a 5 year period respectively.
Although Toyota didn’t win on this list, the fact that so many Toyotas were so close to the top is very significant. On top of that, the differences between the depreciation rates of the Wrangler and the Tacoma are very small. A 2% difference over 5 years is not that much money in terms of depreciation.
Furthermore, and perhaps most significantly, as Autoblog mentioned, the Tundra was the only full-sized truck to make the list. This means that in terms of its ability to retain its value, the Tundra’s beaten every other full-sized truck, including the F-150 and the Silverado.
Why this matters
Again, if you’re the type of truck owner who’s planning on driving your truck for years to come or passing it down to family and friends, then depreciation doesn’t really matter. But if you plan on selling your truck or trading it in, then it does. And the differences in this field between Toyota’s trucks and its competitors is big.
For a variety of reasons, used trucks are more expensive than ever. While that sucks to hear for some people, for truck owners, this means that selling a used truck could be a good way to get a lot of cash. A truck that loses a lot of its value after a few years though, will mean that you’ll get less cash for it then if that truck didn’t lose its value.
And that’s where Toyota comes in. The Tundra, depending on the trim, starts at about $33,000. After 5 years of depreciation, that means that the Tundra would still be worth about $20,000. It doesn’t mean that you’ll be able to sell it for that much, but it does mean that it’ll still be worth a lot of money.