It’s not just the Land Cruiser that is feeling the impacts. The median price for a used Toyota Alphard minivan in Executive Lounge S guise has jumped to 8.25 million yen , above its 7.75 million yen new-car price. Prices of some used Corolla Cross and Harrier models have also eclipsed their suggested retail prices.
“There have been instances of localized spikes in prices for rare and popular cars, but I’ve never seen it happen for this many models,” director at used car dealership group Goodspeed, Yasuyuki Matsui toldToyota’s order books have swelled dramatically in Japan. It is understood that the car manufacturer has approximately 1 million orders to fill in Japan alone, representing a third of its annual domestic output.
are gaining popularity in overseas markets and overseas buyers have contributed to higher prices. Additionally, used car dealers often auction cars to other dealers. “Buyers exporting to wealthy customers in emerging economies pay high prices,” one seller described to