The 2021 Toyota Tacoma: A Resilient Resale Value Champion
The Toyota Tacoma, a midsize pickup truck, has proven to be a standout in terms of resale value over the past five years. While depreciation is an inevitable process for most vehicles, the Tacoma's strong performance in this area is notable. Here's a breakdown of how much the 2021 model has depreciated and how it compares to its rivals.
Resale Resilience
According to CarEdge, the 2021 Tacoma retains a remarkable 78% of its original value after five years. This is based on an average annual mileage of 13,500 miles and an initial selling price of $39,213. This figure is slightly better than KBB's valuation, which estimates a 22% depreciation for the 2021 Tacoma over the same period. These figures highlight the Tacoma's ability to hold its value, making it an attractive choice for those seeking a reliable and desirable vehicle.
Trim-by-Trim Depreciation
The depreciation rate varies depending on the trim level. Here's a breakdown of the depreciation for each 2021 Tacoma trim:
- 5-foot Bed TRD Off-Road: 22% depreciation, retaining 78% of its original value ($38,555).
- 6-foot Bed TRD Off-Road: 25% depreciation, retaining 75% of its original value ($39,165).
- 6-foot Bed TRD Sport: 22% depreciation, retaining 78% of its original value ($39,165).
- 6-foot Bed SR5: 23% depreciation, retaining 77% of its original value ($37,080).
- 5-foot Bed TRD Sport: 25% depreciation, retaining 75% of its original value.
- 6-foot Bed Tacoma Limited: 25% depreciation, retaining 75% of its original value.
- 5-foot Bed Limited: 26% depreciation, retaining 74% of its original value.
- TRD Pro: 28% depreciation, retaining 72% of its original value, making it the worst performer among crew cab models.
Competitive Comparison
The 2021 Tacoma's depreciation is competitive when compared to its rivals in the midsize pickup truck segment:
- Jeep Wrangler: 29% depreciation, retaining 71% of its value.
- Honda Ridgeline: 36% depreciation.
- Ford Ranger: 28% depreciation, retaining 72% of its value.
- Chevrolet Colorado: 48% depreciation, the highest among the listed models.
The Wrangler and Tacoma are both known for their strong resale values, with the Wrangler being a top performer in this category. The Ford Ranger also excels, with a high resale retention rate. However, the Chevrolet Colorado stands out as the most depreciated model in this segment.
In summary, the 2021 Toyota Tacoma's depreciation is impressive, especially when compared to its competitors. Its ability to retain value over time makes it a wise investment for those seeking a reliable and desirable pickup truck.
