Toyota Sells 250,000 Tacoma Pickups a Year: But What About Resale Value?
Toyota Tacoma pickups are everywhere. They should be as on average Toyota sells 250,000 a year in the U.S. But does that rush of trucks each year negatively affect the Tacoma’s resale value? You know, it’s all about supply and demand. With so many, supplies are obviously high. Does that mean demand is quenched, keeping prices of used trucks low?
First, we’ll look at 2022 prices for used 2019 Tacomas. They’re coming off of three-year leases or otherwise have been traded in for newer fare. And in 2019, Toyota sold 248,801 midsize Tacomas.
What were the 2019 Tacoma trims?
The 2019 trims were SR, SR5, TRD Sport, TRD Off-Road, Limited, and TRD Pro. Most of what we found was in the middle range TRD Sport model, but there were a few Limited and TRD Pro models at the higher range of prices. We’ll look at both Double Cabs, and two-door Access Cabs, with both rear-wheel drive and 4x4s.
We will also look at Tacoma resale prices in Los Angeles, Dallas, Atlanta, and Florida, to get a spread of markets. For other resale value posts, prices are usually consistent across the board. But there can be regional differences. Here we go.
How much are Tacoma resale values now?
Generally, in the Los Angeles area, Double-Cab Tacomas range from $30,000 to $45,000. The two-door Access Cabs start at around $25,000, and up. These are all trucks with anywhere from 12,000 miles to 62,000 miles on their tickers. Again, factoring in leasing for three years at 12,000 miles, means around 36,000 miles is typical.
In Atlanta, prices are slightly lower with nothing above $35,000 for Double Cabs, while Access Cabs are consistent with LA. Just down the road in Orlando, Florida, the prices are consistent with LA. Dallas, Texas, generally has nothing higher than $35,000, and nothing lower than $30,000; with Access Cabs a couple of grand lower.
How do Tacoma resale values compare to the 2019 MSRP?
Looking at the MSRP when new, the Access Cab base price was $25,500, with Double Cabs starting at $26,380. With 4×4, prices started at $28,625 for Access Cab and $31,815 for the Double Cab. The TRD Pro was the most expensive at $42,660 for a six-speed manual, and $45,365 for an automatic.
As we’ve seen with other comparisons of truck resale values, so far in 2022, prices nearly match those when new. This is the result of the dearth of inventories of new vehicles. Buyers are looking at used trucks because of the new truck waiting times when ordered.
Also, keep in mind these are dealers asking prices. There should be some wiggle room. Figure $2,000 to $3,000 less for private parties, and another $3,000 to $5,000 less as a trade-in.
Dealers don’t determine prices
And know that dealers do not determine used vehicle prices. They’re determined by how much or less buyers are willing to pay. And right now, they’re paying 2019 MSRP prices. We expect this seller’s market to continue to at least the end of the year. Yes, new trucks are ramping up production, but it’s not like flipping a switch.
And even if the Toyota Tacoma’s resale value drops 20 percent, it will still be low- to mid-$20,000 for trucks with well under 100,000 miles. If you own one, you’ve lost nothing in value, and if you are looking for one, know that it should maintain good value, even in five or six years.