Looking Forward to massive price drop in 4th Gens.
- Thread starter elemint
- Start date
Register to hide this ad
T
ToyTech99
Guest
Are you talking new or used?
The only reason I asked is because there seem to be very few new '09 4Runners on dealer lots in my area.
There is one Galactic Grey Sport Edition at one dealership near my house. Just for the hell of it, I emailed the Internet sales department and asked for a price quote. They offered me $500 over invoice, which is about $2500 off sticker price. I asked them if they would sell at invoice price and they declined, telling me that $500 over invoice is as low as they were willing to sell it.
From someone in the business, believe me it isnt going to happen. First they move off the lot fast, people want late model 4Rs and they move off the lot as soon as they come in for good money. Second, with the cash for clunkers, the market for use cars has changed. Remember the used cars traded in had to be destroyed when normally they would go on the used car market. So there is an unusually low number of used vehicles (especially low mpg SUVs and trucks) keeping prices high.
Thats all in addition to the fact that Toyotas and 4Rs hold a good deal of value.
Bob
pat161
New member
No matter what happens to 4th gen values it will take a few years. I don't see 4th gens taking as hard a hit as the 3rd gen. The 4th and 5th gen will be similar in size, power and comfort, both in amenities and ride quality. When the 4th gen came out it was a whole new direction for the 4Runner and families who could not fit in a 3rd gen were suddenly in the market for a 4Runner. I don't see the consumer changing as drastically between the 4th and 5th gen as between the 3rd and 4th gen. Plus the V8 option in used 4th gens will continue to be popular no matter what gas costs.
T
ToyTech99
Guest
At this point in time, I'd think that buying new for invoice price is a good deal. Considering that the 5th gen is right around the corner, those looking for a new '09 are buying the "old" body style. Plus, even a new '09 is already one model year old once the 5th gen hits dealer lots. So there's a depreciation factor in play too.
The 4th Generation 4Runners are selling at the highest prices in their used vehicle history... ever! And with winter coming, 4 x 4 models will be worth even more.
As mentioned, there are few 2009 4Runners on any of the dealer's lots.
In addition, the 5th Generation 4Runner will be produced 'sparingly' giving the factory an idea just how good or bad this model change and overall model will be received by a very gas-efficient, smaller vehicle 'mentality' public.
Sure, on this forum and some of the other specialty and 4 x 4 forums, 4Runner model changes are greated with enthusiasm.
Elsewhere, there's still a severe recession going on and the public wants value and much high fuel mileage.
The 4th Gens will be excellent used cars for the sellers this year.
As mentioned, there are few 2009 4Runners on any of the dealer's lots.
In addition, the 5th Generation 4Runner will be produced 'sparingly' giving the factory an idea just how good or bad this model change and overall model will be received by a very gas-efficient, smaller vehicle 'mentality' public.
Sure, on this forum and some of the other specialty and 4 x 4 forums, 4Runner model changes are greated with enthusiasm.
Elsewhere, there's still a severe recession going on and the public wants value and much high fuel mileage.
The 4th Gens will be excellent used cars for the sellers this year.
Co.Ag.2005
New member
you never know, the lack of the V8 option in the 5th gen may drive people to pick up used 4th gen models... my $0.02
Co.Ag.2005
New member
my local Toyota dealer said it was due to the mandate from the government to have the average mpg's of a car manufacturers fleet to be at or above a certain number... thus, get rid of the V8 4Runner and increase Toyota's overall mpg average...
quite honestly, I don't think the difference in mpg between the V8 and the V6 would help in this area, but that's what I was told... taking it with a grain of salt until a better explanation comes a long
charlier180
New member
I cannot help but wonder if Toyota is simply not bringing out all models and engine choices in the first year of the 5th generation. Time will tell I suppose.
progress4m
Member
Sporin
New member
I agree. Glad I got my V8 when I did, I got a great deal, and I expect it to hold it's value very well.
RonMAIDEN
Super Moderator
Show me any car company that plays their whole hand the first year of any generation change. Plus the economy is affecting how car companies do things the most.
Used cars are at a premium high right now because most dealers have little inventory. The 4th gens won't loose anymore value than normal depreciation and they hold the resale value pretty well to begin with.
Right now gas prices are small factor with the auto sales. The only ones concerned are the tree huggers at this point.
During the "Big O" sale my 2 closest dealers have no FJ's , no 4R's , no Tacoma's , about 8 out of the 30 Tundra's that are left are basic plain jane models 2wd.
Remember in this economy people would much rather pay or be able to afford a used 4th gen for $20k as opposed to spending $40k or a little less for a 2010 limited . That makes a huge difference in payments for people.
Personally I would never buy anything the first year out. After a year or so they come out with nicer packages .
alaskaman
Senior Member
I would agree. If there is not another V8 you have a valuable vehicle. As to the redesign, I don't care for it hate to say, but hey things change. I don't like the bumpers or the new light config. I also think it looks like a scaled down Sequoia. For my money I will stick with the Beast.
Attachments
That thought actually crossed my mind, given that the 4 cylinder will get better mileage than the V8, with the V6 being relatively unchanged.
As to the value dropping, one of the vehicle remarketing staff at a rental car company told me that the wholesale value of 08 4 Runner 4WD with around 40K miles increased from the $19,000 range to the $21,000 range, at least in the Central California area. I don't see a "massive" drop in value at all.
Bill W
Cash for clunkers was mostly for cars under $4500. If you are in the bus. then you know that the dealer lots do not sell $4k cars. The used market for cars has not changed. Sounds like another car dealer lie to justify prices. It makes no sense.
