Used 4Runner prices dropping?

As a side note: Just read that Edmund's is saying the "average" price of a new vehicle is approaching $48,000.00 !!!

 

Lol no. I got paid 5k over MSRP for my 2 year old 4runner

 

I paid 35,900 for a 21 TRD Offroad premium w/ 50k miles and Toyota warranty to 100k back in January. It was the lowest price anywhere in my area. It sat on the lot for 3 days before i bought it. All the TRD offroads around me used at the time were around 40k

 

Yeah, prices are dropping...

 

Been getting deal alerts like this from dealership for past few months

 

Oh good, I definitely got a great price on my '23 ORP as it was better than that advertised price and the sticker on mine was over $51k.

 

If new prices are really on a steep upward trend and used prices are on a steep downward trend, that's not a condition that can persist for very long. If used vehicles get cheap enough, either new prices will stall out, or used prices will plateau.

 

Used are not on a steep downward trim. As new prices climb, used is a better option for most. Add that to the crap quality most new cars are since pandemic, again, used, pre-pandemic cars are just a better option.