Why The Toyota Camry Holds its Value So Well

the new Toyota Camry with great resale value

Learn Why The New Toyota Camry Holds Its Value So Well With Toyota of Morristown

There are two main reasons and several secondary aspects about the Toyota Camry that make it such a safe bet for buying new, selling used, and purchasing pre-owned. For starters, the model is built safe and remains safe. Of all of the vehicles that Toyota produces, the Camry boasts one of the lowest recall rates. This is a huge upsell when trading in or selling your vehicle. 

The second main argument for the great resale value of Toyota Camry models is their renowned fuel efficiency. Toyota Camry Hybrid models from 2023, for example, offer a 52 combined mpg rating for the Camry LE Hybrid. Later, gas-powered Camry models from 2023 win a 32 combined mpg rating estimation. This also means that in instances when oil prices might skyrocket, car shoppers will be looking for the pre-owned Camry. 

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What is The Best Model Year to Buy a Used Toyota Camry?

2021 certified pre-owned Toyota Camry models are some of the best options on the market currently. On average, it’s possible to pay approximately 89% of a new car price while reaping over 92% of useful Camry life. However, 2022 and 2020 models are still great options if you’re looking to save and get the most miles. In third place, 2019 and 2017 models have also enjoyed pre-owned popularity among online communities. 

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2023 Toyota Camry Awards and Accolades

It’s no secret: 2023 Toyota Camry models are top safety picks for the IIHS. Additionally, U.S. News and World Report has awarded the 2023 model with the Best Hybrid Car for Families accolade. Last but never taken lightly, Kelley Blue Book’s opinion is a serious one, and they’ve recognized the Camry for having the Best Resale Value of All Brands for 2023!

Test Drive a Used Toyota Camry For Sale Near Madison, NJ

Our conveniently located Morristown Toyota dealership can’t wait to put the keys to your next certified-preowned Toyota Camry in your hands! Contact us today to learn about the trade-in value for your current Camry and enjoy pre-owned vehicle specials with us in Morristown!