
5 of the fastest-depreciating Toyotas
Consumer Reports has ranked Toyota as the best brand for used cars for its high resale values, reliability, and low maintenance costs. Last year was the first time Lexus and Toyota weren’t the first and second on the list—it was beat out by Subaru.
While Toyota is still a no-brainer decision when buying used—particularly the 4Runner, Tacoma, and Highlander—it isn’t immune to relatively high depreciation rates, either. As technology advances, public opinion on certain body styles changes, and mass production makes them common can make a car less valuable.
With that said, here are the five cars Toyota made that are seeing an uptick in depreciation rates. And remember, these rates won’t be high compared to other manufacturers, but they’ll be high to the automaker.
1. The Toyota Mirari is losing popularity
The Mirari was truly a car before its time. Hydrogen fuel cells powered it, charging a battery, but without proper infrastructure, high initial costs ($57,500—a steep price for 2016), and a niche market appeal, it has always struggled as one of the company’s poorest performers.
Surprisingly, the automaker has kept the Mirari in production despite consistently low sales—just 2,000 units in the first generation and 2,604 in 2023. A 2025 model is on the way, with an expected price of around $65,000.
If you’re looking to buy a used Mirari, you can get them for cheap if they’re from 2014 to 2017, as those model years have depreciated by an average of 76.5%.
2. You could have probably guessed the Avalon
Large sedans are becoming a dying breed, with Ford, Subaru, Chevy, and more discontinuing their sedans due to low sales. There’s a reason Ford is focusing so heavily on SUVs and trucks: no one really cares for sedans anymore. So, it’s not shocking to see the Avalon listed.
This is a shame because the Avalon has always been regarded as a very comfortable and reliable full-sized sedan for families. Plus, some model years came with convertible tops. You can’t say the same for the Camry or Crown sedans.
Exact depreciation rates vary depending on where you look, but the public’s growing low opinion of sedans makes it one of Toyota’s least popular cars for used car buyers.
3. Similar to the above, the Camry is losing face, too
Now, if you’re looking for a used hybrid version, that’s an entirely different story. Hybrids are on fire right now, since they’re less thirsty and tend to cost less to maintain.
Therefore, it’s not too surprising to learn that the value of gas-powered Camrys depreciates by up to 42% after five years, while a hybrid version loses just 31% over five years, according to CarEdge. However, it suffers the same fate as the Avalon in the sense that people just don’t care for sedans anymore.
Any Camry model from the years 2012 and 2017 has the highest rates of depreciation. In just two years, the average cost of used models dropped by over $1,000, according to KBB.
4. You guessed it, the Corolla’s here as well
You’re probably seeing a trend here. People don’t like sedans over SUVs, so the small-but-mighty Corolla is listed here, too. The Corolla Cross, Toyota’s SUV version of its once top-selling compact sedan, is a hot seller now due to its all-wheel drive option, hybrid option, and low sticker price.
The Corolla has a hybrid option, getting around 53 miles per gallon with a base price of $23,825, but… It’s a sedan, so it doesn’t sell as well as the RAV4 or Highlander hybrid.
The Corolla has an average depreciation rate of around 21% over three years. Which, compared to most cars, isn’t high at all—but it’s high for Toyota.
5. Surprisingly, the Prius is here
The Prius isn’t popular when you’re stuck behind one on a mountain road or when they’re camping in the left lane, but they’re a great seller for Toyota. Not to mention, they sort of paved the way for hybrid technology in America. Despite its trademark wedge shape and planet-loving cult-like following, it’s losing value.
That’s thanks to rapid advancements in technology that make hybrid technology in models from, say, 2012 or older “old,” and therefore not as good. Which, to be fair, isn’t false. Also, now the Prius has plenty of competition, making it less popular than it used to be.
For instance, a two-year-old Toyota Prius loses $10,626 in value, a loss of about 30%. However, that’s a win for whoever buys it, since a two-year-old Prius still has plenty of life left in it.