Does Camry have good resale value?
Yes, the Toyota Camry is known for having excellent resale value. As one of the most popular and reliable midsize sedans on the market, the Camry consistently retains a high percentage of its original value over time compared to many of its competitors.
Factors Contributing to the Camry's Resale Value
There are several key reasons why the Toyota Camry has such strong resale value:
- Reputation for Reliability and Durability: The Camry is renowned for its exceptional build quality and long-lasting performance. This reputation for reliability helps maintain the vehicle's value over time.
- High Demand: The Camry is one of the best-selling cars in the United States, with a large and loyal customer base. This high demand keeps resale prices strong.
- Toyota's Brand Strength: As a Toyota model, the Camry benefits from the automaker's reputation for quality, dependability, and excellent customer service.
- Conservative Styling: The Camry's understated, conservative styling tends to age well and remain in demand, unlike more trendy or polarizing vehicle designs.
These factors all contribute to the Camry's ability to retain a high percentage of its original value, making it an excellent choice for those looking to maximize their investment in a midsize sedan.
Camry Resale Value Compared to Competitors
When compared to other popular midsize sedans, the Camry consistently ranks among the top models for resale value. According to industry data, the Camry typically retains around 50-60% of its original value after 5 years of ownership, which is significantly higher than many of its competitors in the segment.
This strong resale value can provide Camry owners with several benefits, including the ability to get a higher trade-in price when it's time to sell or upgrade, as well as lower overall ownership costs over the life of the vehicle.
What mileage is too high for a Toyota Camry?
What Is High Mileage For the Toyota Camry? If taken care of well, anything that makes it over 200,000 is considered high mileage for a Toyota Camry. Once it reaches this point, it may run into more serious troubles if you haven't performed proper maintenance. If you have, it may last even longer.
What is the fair market value of a Toyota Camry?
2022 Toyota Camry Value - $18,028-$32,001 | Edmunds.
Does a Toyota Camry hold its value?
A 2020 Toyota Camry has depreciated $9,763 or 37% in the last 3 years and has a current resale value of $16,412 and trade-in value of $14,734. A 2020 Toyota Camry has depreciated $9,763 or 37% in the last 3 years and has a current resale value of $16,412 and trade-in value of $14,734.
Which has better resale value, Honda Accord or Camry?
Both of these midsize sedans are pretty roomy, but the Accord is the roomier of the two. Class-leading resale value: This is a close one, but the resale value of the Honda Accord is a little better than that of the Toyota Camry. That means a little extra money in your pocket when it's time to sell or trade in.
Is it a good idea to buy a used Camry?
Yes. The car has an excellent reputation for longevity, reasonable repair costs, and has few problems. Of course, it all depends on the individual vehicle. Any vehicle that has been abused or has its maintenance neglected should be avoided.
Which Camry to stay away from?
Summary: Avoid Early Sixth-Gen Models
On the other hand, it's best to avoid the 2007, 2008, and 2009 gasoline models, which have been known to suffer from excessive oil consumption and other engine-related issues.
Which year Toyota Camry are best to buy used?
The Best Year Toyota Camry To Buy
- Most Affordable Used Camry (5th Generation – 2002-2006)
- Most Versatile Used Camry (6th Generation – 2007-2011)
- Most Tech-Focused Used Camry (7th Generation – 2012-2014)
- Most Dynamic Used Camry (7th Generation – 2015-2017)
What car manufacturer has the highest resale value?
KBB also ranks Toyota as number one for best resale value by brand. Subaru is known for producing safe, reliable vehicles and ranks very high in retained value after three, five, and even seven years of ownership.
Which lasts longer, Camry or Accord?
Both the Honda Accord and Toyota Camry will typically last for about 200,000 miles when properly cared for through routine maintenance intervals and repairs as needed. To ensure your Honda Accord model lasts the longest number of miles possible, bring it into our Phil Hughes Honda service center for care.
What age group buys Toyota Camry?
“The average age of the previous-generation [2012-17 model] Camry buyer was 52,” says Corey Proffitt, Toyota communications manager on the East Coast. With the new car? “We're aiming for the core target audience with a range of age from 25 to 45.”
