This is not related to the virus, but the used market for Toyota Tacomas in general. Used inventory has always been scarce and they have always held their value well, but they sold nearly 2x more Tacomas in 2018 then they sold in 2014(155k vs 245k). More people are owning these short term.
Will this eventually lead to too much supply and too little demand in the used market?
used retail value is marginally different from new MSRP(2015 2nd gen SR5s listed for 25k vs 29k new). I'm starting to see the 3rd gen trucks with similar mileage sell for the same price yet they're 2-3 years newer. It made little sense to buy used a few years ago but these days the gap is starting to get bigger.
Is this a sign that it's starting to happen? Or has it already started and waiting on lease returns/trade ins.
Will this eventually lead to too much supply and too little demand in the used market?
used retail value is marginally different from new MSRP(2015 2nd gen SR5s listed for 25k vs 29k new). I'm starting to see the 3rd gen trucks with similar mileage sell for the same price yet they're 2-3 years newer. It made little sense to buy used a few years ago but these days the gap is starting to get bigger.
Is this a sign that it's starting to happen? Or has it already started and waiting on lease returns/trade ins.