Toyota’s problems could equal lower resale values for current Toyota owners

Toyota
(Satirical images like this one being forwarded through email show the extend of Toyota's troubles)

4 to 5 percent of additional depreciation—that's the bad news for current owners of Toyota cars.

Automotive industry insiders from Kelly Blue Book and ALG believs that because of Toyota's current problems with sticking accelerators, trapped floormats and braking problems with the companies halo car (the Prius) residual values of used Toyota's will drop between 4 and 5 percent.

"The potential demand lost as a result of these actions becomes more
and more difficult to recover with each passing day,
" according to KBB. "In addition to a drop in consumer demand for Toyota,
there is a growing supply of used Toyota vehicles that could put
further downward pressure on values.
"

Take a look at the complete list of recalled Toyota cars HERE.

And click HERE for a video demonstration of what to do if your car accelerates out of control.

In other words, while Toyota cars have long had the highest resale values that might all change unless Toyota starts to get ahead of the current recall crisis.

"As leases come due and used Toyotas are returned to the manufacturer,
the inability of dealerships to either sell or remarket these vehicles
could add to an increase in overall supply of used Toyotas," KBB adds according to USA Today.

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