2009 Toyota Tundra (Toyota)
Music to my ears. What’s that you say? Toyota residual values drop more than competition? That’s impossible! How could this happen!??? Their cars never need an oil change, get 159 miles per gallon and produce only water and sunshine from their exhaust pipes! OK, time to be serious. The general market conditions are making new car residual values fall because people are not purchasing cars and trucks like they used to. Follow me so far? This has caused the domestic and foreign automakers to see their residual values drop over the past year. Toyota lost 4% of it’s residual value as a whole, while the Tundra alone dropped almost 15%!
Not only is the market to blame, but some critics suggest that awareness of Toyota’s recent quality mishaps is growing. Maybe this means that people are finally starting to see that the Domestic 3 produce cars with quality levels at or near their foreign competition. For the full story, head on over to Autoblog.
Tags: Chrysler, Ford, GM, residual, residual values, Toyota, Toyota Tundra
