It is without a doubt that Toyota is the producer of some of the world’s best selling cars. So if you have a Toyota Prius, for example, you will not have a problem selling your car. For many years now, consumers in the US have been choosing Toyota and other Japanese cars over the ones manufactured in the country due to various reasons. Aside from competitive prices, the reason why Toyota and other Japanese cars are gaining popularity is because of their innovation in style and design.
Because of the surge in the price of oil in 2007, the Toyota hybrid car became truly popular. Its fame even increased tremendously as the Toyota Prius became the car of choice for many Hollywood celebrities, such as Mandy Moore, Jessica Alba and even Miley Cyrus. In fact, Prius is considered as the best-selling HEV (Hybrid Electric Vehicle) at present. So if you have a Toyota Prius, you may want to start selling your car now because you can surely get a good resale price for your vehicle. In fact, several online car guides forecast that the 2009 Toyota Prius, which has an MSRP in the range of $28,000, has the potential to have a 61% resale price even after several few years. One of the reasons why Toyota Corolla is preferred is due to its affordability which is appropriate for those who are just buying their first car. If you are one of those who bought Toyota Corolla in the past years, now may be a good time to start thinking of selling your car.
Nevertheless, many critics are saying that Toyota cars, and especially trucks, are also showing falling resale values. In fact, an average three-year old Toyota sedan had a residual value of just 46.5% in the end of 2008, compared to its residual value of 50.1% for the same car model a year earlier. However, it seems that the resale values of the models made by the competitors of this Japanese carmaker are also experiencing falling resale prices. So, before you see a further decline in your Toyota car value, it may be wise to start selling your car now when the prices still remain competitive.