Toyota Resale Values Dropping
The prices dropped nearly 10% over the course of only a few weeks, for a total of more than $1,000 in lost value because of concerns from buyers over the safety issues and ongoing reliability concerns. Other cars in the mid-size sedan segment have seen their value remain relatively unchanged over the past couple weeks.
The decline is likely to continue according to industry pricing estimates, and while the cars may still be a worthwhile choice for buyers once their issues are ironed out, prospective owners looking to sell their cars in the next several years may want to keep in mind the continuing loss of resale value.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid