We find some evidence that used V8-powered Toyota Tundra trucks bring much higher prices on the pre-owned market than used twin-turbo V6 Tundras. This is just one case, but it may indicate where the used Toyota Tundra is going.
Here we have one 2021 Toyota Tundra crew cab SR5 4WD with a 5.7L V8 and 62,xxx miles that is asking $42,999. At the same time and at the same dealership, there is a 2022 Toyota Tundra crew cab SR5 4WD with a twin-turbo 3.4L V6 and 50,xxx miles that is asking $38,997. Why is a newer truck with lower miles cost about 10% less? Let’s dig in.
There may be several factors involved.
First, the lower pricing on the 2022 Tundra with the 3.4L twin-turbo V6 is likely due to a large engine replacement recall that includes non-hybrid 2022 and 2023 Toyota Tundra trucks. There is some uncertainty about these used trucks. Was the engine replacement done? Does it still need to be done? How long will the new owner of this truck wait for the recall to performed?
Second, this 2021 vs 2022 Tundra comparison represents a generational change. The 2021 is the last year of the 5.7L V8 in the Tundra. Traditional pickup truck buyers tend to gravitate towards large displacement V8s. The 2022 is a first year of the new generation, and it does have a newly designed 3.4L twin-turbo V6. The most common question that we get here at TFLtruck.com about half-ton and midsize pickup trucks is: how long will the turbochargers last?
What do you think? Why is the older truck with more miles more expensive?
