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Toyota Owners: Resale Prices See Huge Drop in Value
Car Dealer Review ^ | 2/10/2010 | Car Dealer Review

Posted on 02/10/2010 6:49:46 AM PST by wrrock

Kelley Blue Book dropped the resale values of recalled Toyotas for the second time in four days Monday, leaving them as much as 4 percent or $300 to $750 lower than a week ago, depending on the model.

WATCH FULL REPORT...

The auto research Web site Edmunds.com estimates resale or trade-in values could fall up to 10 percent in the short term. How far they drop over the longer haul will depend how long the confusion lingers.

Since the first recall for sticky accelerator pedals on Jan. 21, Edmunds’ estimate for the trade-in value of a 2009 Toyota Camry has fallen by 4 percent to 6 percent to $13,967 while the 2009 Toyota Corolla has declined 6 percent to $11,233.

(Excerpt) Read more at cardealerreviews.org ...


TOPICS: Business/Economy; Chit/Chat; Government; Local News
KEYWORDS: cars; chrysler; discountontoyota; discounts; economy; gm; governmentmotors; recall; toyota
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1 posted on 02/10/2010 6:49:46 AM PST by wrrock
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To: wrrock

I think I see a really, really, really good deal on an Avalon in my future!


2 posted on 02/10/2010 6:52:01 AM PST by Roccus (POLITICIAN.....................a four letter word spelled with ten letters.)
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To: Roccus

“I think I see a really, really, really good deal on an Avalon in my future!”

Taht’s myt hinking too. If people want to panic over a fixable problem and “give” their vehicles away, that’s great for anyone looking for a good deal.

Suckers...


3 posted on 02/10/2010 6:56:17 AM PST by Pessimist (u)
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To: wrrock

We have a 2007 Camry, wouldn’t mind having another new Camry to replace the 1999 Olds. Do you think prices on new ones will also drop?


4 posted on 02/10/2010 6:57:09 AM PST by NEMDF
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To: wrrock

Toyota manufactured trucks and cars for the Japanese military among other items during World War II.

Not likely they will ever see dime-one from me.


5 posted on 02/10/2010 6:57:53 AM PST by Mengerian
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To: wrrock

I am hoping to cash in on “The sky is falling” thinking re: Toyotas and pick up a good deal on a used Highlander or similar crossover SUV later this year. My Toyota Sienna has over 150,000 miles on it and still going strong. I’m not worried about Toyotas, love mine.


6 posted on 02/10/2010 6:58:54 AM PST by mykdsmom
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To: wrrock

Toyotas are excellent vehicles

my 2000 land cruiser is the best car-truck I ever owned


7 posted on 02/10/2010 6:59:35 AM PST by wardaddy (Book of Eli.....awesome.....Denzel Washington was perfect....Mila Kunis is smoking..nothing PC)
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To: Mengerian

I reckon no Nazi cars either

that’s cool...my FIL was like that...I understand


8 posted on 02/10/2010 7:00:34 AM PST by wardaddy (Book of Eli.....awesome.....Denzel Washington was perfect....Mila Kunis is smoking..nothing PC)
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To: Roccus

My folks have an Avalon, 2001. Believe it or not, it has 40K miles on it, LOL.

We actually just had to replace a transmission, which I found to be quite unbelievable on a Toyota at 40K mi. Sad but true.

Pretty nice car. Gets HORRIBLE mileage 15-18 mpg.


9 posted on 02/10/2010 7:00:56 AM PST by Attention Surplus Disorder (Voters who thought their ship came in with 0bama are on their own Titanic.)
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To: wrrock

One of the huge advantages of government owning car companies, they can force the others out of business.

Hey isn’t this what Chicago mobsters do ...


10 posted on 02/10/2010 7:01:47 AM PST by Tarpon ( ...)
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To: wardaddy

True. No Mercedes or VW either. I’m running out of manufacturers given Obama’s takeover of GM!


11 posted on 02/10/2010 7:01:57 AM PST by Mengerian
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To: wrrock

I’ve never owned a Toyota ... but, I may look into getting one at a bargain. I like bigger trucks and SUVs — so maybe a Sequoia, 4-Runner or Tundra are in my future.

SnakeDoc


12 posted on 02/10/2010 7:02:07 AM PST by SnakeDoctor (Life is tough; it's tougher if you're stupid. -- John Wayne)
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To: wrrock

Welcome to my world (still kicking self for buying 2007 Hyundai Entourage - a now-discontinued product).


13 posted on 02/10/2010 7:02:49 AM PST by IYAS9YAS (The townhalls were going great until the oPods showed up.)
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To: wardaddy

I drove a 1991 LC (which I purchased new in 1990) up until ~4wks. ago. Some witch was barreling about in her Ford Excursion and t-boned me in a residential area. Long story short, her insurance totalled my LC, sent me $5k, and today I become the proud owner of a new 2010 FJ cruiser.


14 posted on 02/10/2010 7:04:24 AM PST by cweese (Hook 'em Horns!!!)
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To: Mengerian

I love Dodge Cummins but alas..same thing.

hmmmm..KIAs? Hyundai?

Volvo?...I know..for wussies

Brit cars are problematic

that leaves Ford but Henry was a devout anti-semite

hell, what’s a fella to do

Hummers!

nope didn’t Chi-Coms buy them?

you know it truly is complicated


15 posted on 02/10/2010 7:05:26 AM PST by wardaddy (Book of Eli.....awesome.....Denzel Washington was perfect....Mila Kunis is smoking..nothing PC)
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To: Attention Surplus Disorder
Gets HORRIBLE mileage 15-18 mpg.

Then it'll qualify for the next C4C program and I can get a top of the line Hyundai.....win-win!

};^)

16 posted on 02/10/2010 7:05:59 AM PST by Roccus (POLITICIAN.....................a four letter word spelled with ten letters.)
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To: Mengerian
Toyota manufactured trucks and cars for the Japanese military among other items during World War II.

Not likely they will ever see dime-one from me.

My Great Uncle was a Marine Raider in WWII. Was wounded badly at Bougainville.

The last time I saw him before he died, he picked me up in his Honda Accord to take me out to dinner. For him, it didn't matter. For his brother who was in the Navy at the same time, he'd just as soon shoot you if you showed up at his house driving a Japanese car.

17 posted on 02/10/2010 7:08:23 AM PST by IYAS9YAS (The townhalls were going great until the oPods showed up.)
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To: cweese

I love those but we’ve got too many kids..4-5 depending

either SUV or crew cab pickup for my wife

i drive an old (Nazi) Porsche cabby as an everyday..sold my F250..too rich for me..had to cut back

the LandCruiser is the best snow-dirt vehicle I ever owned over Land Rovers and Jeeps and trucks

and three rows of seats..I bought it in 2006 with 65K on it for 18,000 cash money...dealer’s daughters car in West Point Miss

just incredible car...we go everywhere from the beach to the mountains in it

my 996 with PS2 tires on it is crap in the snow but the LC is so easy..even a caveman could drive it in inclement weather...4high with locked diff and you are good to go


18 posted on 02/10/2010 7:11:24 AM PST by wardaddy (Book of Eli.....awesome.....Denzel Washington was perfect....Mila Kunis is smoking..nothing PC)
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To: Mengerian; wardaddy
Toyota manufactured trucks and cars for the Japanese military among other items during World War II.

Not likely they will ever see dime-one from me.

My late Father who fought in the Pacific Theater in WWII first bought a VW in 1960, then one of the first Totyotas back in 1969. Didn't seem to bother him.

19 posted on 02/10/2010 7:13:28 AM PST by Inyo-Mono (Had God not driven man from the Garden of Eden the Sierra Club surely would have.)
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To: wrrock

Time to start thinking about buying another Tundra......


20 posted on 02/10/2010 7:16:33 AM PST by WackySam (To argue with a man who has renounced his reason is like giving medicine to the dead.)
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