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Kind of an odd example because a) Toyota wasn't hit as hard by the semiconductor shortages because of lessons learned in earlier shortages and b) the Tacoma is
by joezydeco 5y ago
Kind of an odd example because a) Toyota wasn't hit as hard by the semiconductor shortages because of lessons learned in earlier shortages and b) the Tacoma is a very hot product that was commanding prices above sticker before this all started.
- aNoob7000 5y agoI completely agree. To add to that, the Toyota Tacoma has never been cheap either new or used. Add some pent up demand, and you get a more expensive truck.
- tonyedgecombe 5y agoToyota wasn't hit as hard by the semiconductor shortages because of lessons learned in earlier shortages Car are somewhat fungible so a fall in supply from other manufacturers is enough to push up prices of Toyotas even though their supply might not have been affected.
- bluedino 5y agoToyota dealer in my town has like three cars on the lot
- beerandt 5y ago>the Tacoma is a very hot product As is the old pre-2007 Tundra, which are basically the same sized truck as the "new" Tacoma. I had an old Tundra, got totaled via minor frame deformity in a rear-end about 4 years ago. Insurances first offer was almost 25% higher than the highest bluebook, which sounded great, especially since the truck was middle of the road, condition-wise (parked it 20' from salt water for years). But then I found out real-world price for me to replace it would be closer to 135%. Had it been the 4-door 4wd, it would have been over 200%, if you could even find one. Closer to 250%, if you needed one sitting on the market "today". Even paying 35% over bluebook, my 2006 trucks value has gone up everytime I've checked it or had offers on it. Which is happening now with many vehicles, but like you said, this was happening years before covid with the Toyota trucks. Tangent: This is also why I'm convinced that the trend toward bigger trucks and SUVs is 95% complying with EPA and safety standards, and maybe 5% market driven. But don't claim that in any of the "you-don't-need-that"/ 'murica-hating threads.
- joezydeco 5y agoAnd you wonder why Ford stopped making cars and switched to only trucks (except for 2 models)
- bsder 5y ago> This is also why I'm convinced that the trend toward bigger trucks and SUVs is 95% complying with EPA and safety standards, and maybe 5% market driven. The trend is profit driven which then becomes marketing (not market) driven.. An SUV is basically a gussied-up pickup truck. Take what ye-basic-white-pickup truck would cost a business fleet and the differential cost of an SUV on top of that is pure profit. So, when the automakers can bank a profit per SUV that exceeds the entire price of a small car, what do you think they're going to do? Naturally, they're going to push the hell out of those SUVs.