Some old Toyota Camrys with great mileage can be sold at high prices at used car dealers all over the world
Few people might underestimate the quality of the Toyota Camry, but most people have an idea of it as a great car. Make no mistake, though, the Camry has been the most important in automotive history. It has a purer history than any other car. Roughly from the second half of the 20th century until today, there are many ancient examples of Toyota Camrys that have traveled long distances requested by used car dealerships and independent sellers. High prices.
If you ask Toyota enthusiasts, the Camry shares a common trait found across all Toyota products.
Chief among these are superior reliability and meticulous attention to detail, no matter how large the scale of production.
Toyota Camry is Toyota’s second “global car” besides the compact Corolla.
Together, they form the cornerstone that has kept Toyota a dominant force in the automotive market for the past four decades .
Now in its thirteenth generation, the Camry is the world’s best-selling mid-size sedan.
As you will see, let’s take a look at how they can hold so much of their value.
Economic gains in Toyota Camry fuel
It goes without saying that a more fuel efficient car will save you money in the long run.
But an interesting phenomenon arose about the Toyota Camry’s class-leading fuel economy in the late 2000s.
With a global recession and a simultaneous energy crisis in the United States, Europe and many parts of the world, the price of gasoline has soared to unprecedented levels.
Just like in the 1973 oil embargo crisis, the ability of families to fuel large, fuel-starved cars is suddenly called into question.
This has led to many people downsizing their SUVs to get smaller, more efficient family cars like the Camry.
At the time of the 2008 global recession, the average fuel consumption of a 2009 Toyota Camry was 25 miles per gallon in combined city and highway driving.
And a hybrid version of the Toyota Camry can bump that number up to 35 mpg combined. Compare that fuel economy to the big SUVs of the late 2000s, to show you that it makes sense for a steady stream of Toyota buyers and users. Camry in the aftermath of the recession.
At that time,
the Camry’s value increased without having to do anything at all .
During the early years of the financial crisis, more than one million Toyota Camrys were sold from 2008 through 2012, and countless Toyota Camrys were sold.
And many of those buyers were moving away from SUVs to something more reasonable.
If the price of oil rises again, expect the resale value of Toyota Camrys to rise even more.
Suffice it to say that Toyota celebrated the 10 millionth production of its well-established Camry.
Four decades of quality manufacturing
For example, in the 1970s, many Americans discovered the reason why Japanese imports are more suitable for American roads than American car brands and is actually quite simple.
They have been better at adapting to the changing world by offering things a young driver needs like plenty of space, a smooth engine and everything you need on a family ride.
At a time when all cars were expected to be unreliable no matter where they came from, the Toyota Camry has proven that a car can indeed be a reliable, and always needed, champion in your life.
And as other competing mid-size sedans such as the Nissan Maxima, Chevrolet Impala and Volkswagen Passat have been hobbled by unreliability issues, recalls and extended warranty services.
The Camry has largely managed to stay out of the industry-wide recall error and not only is it starting to influence other models in Toyota’s lineup, including the Corolla itself, which was pulled due to airbag issues. .
Aside from the possibility of a Honda Accord, it’s still hard to find a midsize sedan with reliability numbers close to what a used Camry can offer.
As of now, the 2013 Camry L four-cylinder can be had for around $14,500.
With a launch price of around $25,000, this means that this particular Camry has lost less than half its depreciation value over the course of eight years.
For reference, it is not uncommon for luxury German cars to lose this value after a year of ownership, not to mention the eight years the Camry has lived on the roads.
Sure, the Camry isn’t the cool car you’ve always dreamed of buying, but let’s face facts.
For most of us right now, life is all about survival, which means most of us can’t afford to spend all our money constantly fixing cars.
So the next time you’re in the market for a cheap, reliable car on a budget, resist the urge to buy a BMW: a used Camry is waiting somewhere just for you.
The Camry’s base price sits at $25,295. The most expensive Camry trim is the V6-powered XSE, which starts at $35,720
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