Throughout its multi-decade stronghold in the United States, the Toyota Tacoma remains the go-to truck for people looking to have a reliable, spacious, and rigid pickup truck. While not the biggest in size, the Toyota Tacoma definitely won the compact pickup title even today.
However, suppose you are a pickup truck enthusiast like me. In that case, you may have noticed that some of these newer Toyota Tacomas are selling for way more than the typical depreciation value on the used market. For instance, a 2019 base model Toyota Tacoma had an MSRP of around $30,000. While the TRD was around $38,000.
Today, a 2019 Toyota Tacoma TRD is selling for almost $40,000. That’s not a depreciation at all. Because of current world happenings, I’m sure that this would not be the case. However, a projection by Zutobi.com showed that out of all the popular vehicles being sold in the United States, the Toyota Tacoma has the least depreciation value over the course of 3 years.
According to Zutobi, a Toyota Tacoma costing $28,545 brand new would only depreciate (in a noncrazy world) only %21.93 over the course of 3 years. So, let’s take for example our 2019 Tacoma. If everything was normal in the markets from 2019 to 2022, our Tacoma would only depreciate by $6-8,000. If you really think about it, while Chevys and Fords are losing a quarter of their value and KIAs are losing almost %56, a Tacoma would really be worth your purchase.
This number depends on what engine and trim you have but the marginal change for those factors is nothing big. Maybe a few thousand here or there. At the minimum, this percent change is pretty stable for all Tacomas regardless of their trims.
If given the opportunity, I would %100 jump on the Tacoma train and be a proud owner of one. However, with the prices of both the car and gas so high, it’s better to hold on to yours instead of buying a new one. This phenomenon even causes you to retain your car’s value instead of losing it. If push comes to shove, at least wait until the Tacoma Hybrid comes out so that you can still get a better trade-in for your Tacoma.
Whether or not 3-year-old Tacoma will hold its value after another 3 years has still yet to be speculated on but it seems like 6-year-old Tacomas are still doing pretty well too. So depending on what you plan to buy in the foreseeable future, your Tacoma will surely hold its value for the next 3 or so years.
I highly doubt you change cars every three years but, in this case, changing from a 2019 Tacoma to the upcoming Hybrid Tacoma would actually be a wise decision considering the savings on the gas you would have. After all, your Tacoma’s trade-in value is going to be really high, and marginal loss is only going to be so low.
What do you think? Would you sell your newer Toyota Tacoma for a Hybrid Tacoma if it comes out? Let us know in the comments below.
Harutiun Hareyan is reporting Toyota news at Torque News. His automotive interests and vast experience test-riding new cars give his stories a sense of authenticity and unique insights. Follow Harutiun on Twitter at @HareyanHarutiun for daily Toyota news.