The Toyota Camry has built a reputation for being comfortable, safe and reliable. Meanwhile, Toyota itself dominates the charts of the slowest depreciating cars on the market. But how does the Camry perform in that area?
We’re looking at the 2020 model, which belonged to the previous generation before the current one was introduced in 2024. CarEdge estimates that the 2020 Camry has retained about 64% of its value, and predicts a price of about $20,000 for a used car — assuming it was about $31,000 new. The price obviously depends on the equipment, the number of kilometers driven and the condition of the vehicle. CarMax came up with an average price of about $18,600 for a 2020 Camry. This is based on a median of all offers made for that model year. However, it should be added that the CarMax value takes into account all the equipment of the 2020 Camry.
Kelly Blue Book has estimated that the SE trim, which cost about $27,000 at the time, could sell for about $16,000, meaning it has retained 60% of its value. The sporty TRD trim, with a V6 engine, is estimated at around $23,000, retaining 66% of its original value. In addition to the TRD’s enthusiast-oriented styling, the next-generation Camry will no longer offer a V6 option, meaning this trim may hold its value more than the others.
How much have the Toyota Camry’s competitors depreciated?
Like the Camry, the Accord has long been known for its reliability while adding a touch of sportiness. We also praised it when ranking the different Accord generations thanks to its style, performance and reliability. The Accord has depreciated in the same way as the Camry, with its value also estimated to be around 64%. The Altima, on the other hand, has fared the worst of the three, retaining just over 50%-53% of its value since 2020. The most expensive version is expected to only reach a price of around $17,000. If you’re concerned about depreciation, you’re better off sticking with the 2020 Camry or Accord.
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