- Mar 16, 2009
Toyota's residual values seen falling more than competitors
Now, like the rest of the industry, Toyota is starting to get hit by falling residuals on both cars and trucks. Some of that is surely due to the general market conditions right now, but some critics suggest that the fact that Toyota's residuals are falling faster than other companies could point to growing awareness of quality issues. At the end of 2008, an average three-year-old Toyota was worth 46.5 two years earlier. Like other brands, Toyota's trucks have been especially hard hit, dropping from over 60. In particular, Tundra residuals are on a big downturn, nosediving to 40.1 just one year earlier. Despite the drop, the Tundra's resale value remains higher than Chevrolet's Silverado (39.8) and Ford's F-150 (32.2), so while all is not lost, the race for residual supremacy is getting tighter. Thanks for the tip, Leonard!
[Source: Automotive News - sub req'd]