A recent report from TrueCar Inc’s ALG division has found the Toyota Tundra has the highest resale value among full-sized pickups. It trumps the nearest competitor by 5 percent.
I was reading an article on an after-market company blog and it got me wondering…do bed liners REALLY help with resale? Here’s the section of text that got me wondering:
Checking on Edmunds.com, KBB.com, and checking [various truck] models on the NADAGuides.com website, most bedliners only seem to add $50-$100 in resale value.
When I first read this, I said “No way!” $50-100 for a bedliner? That seems absurdly low, especially when you consider that spray-in bed liners are so expensive and essentially last forever.
However, I did a little digging and found that most of the time, a bed liner is only a $50-$100 “add” when you look at trade-in or private party value online. I checked used Rams, Fords, and Tundras on KBB.com, Edmunds, and NADAguides.com…and they always came back in that range. Even on trucks that were relatively new.
The next question in my mind – why so little? For the answer, I called a couple of friends in the car business.
UPDATE: This year, Ford is gearing up to release an all-new truck at the 2014 Detroit Auto Show (Tim will be there on January 13 and 14). With this in mind, we thought it would be fun to rehash this article about trade in value.
One of the benefits of buying a new Tundra is that it is consistently at the top of the industry in terms of resale value. All things being equal, a Tundra holds it’s value as well as or better than an F150, Ram, or Silverado/Sierra – at least according to studies released by KBB.com, Edmunds.com, AOL autos, and many others over the last few years. As a result of all this positive press, many Tundra owners expect top dollar for their trucks…but how does a Tundra owner figure out what their truck is really worth?
The 2013 Toyota Tundra has won the annual Best Resale Value Award in its category from Kelley Blue Book. This award continues a trend of Toyota Tundra pickups having high resale values.
According to AutoTrader.com, the average asking price of a certified pre-owned Toyota Tundra increased 8% between March 2010 and March 2011, from $24,732 to $26,684. While AutoTrader.com says that the increase in pricing may be a result of speculation regarding a vehicle shortage, that seems a little unlikely. The market usually reacts to shortages rather than forecasts them.
Instead, this is probably just another sign that the Tundra’s resale value – and demand with consumers – is top-notch.
Tundra resale value is high because: