The Next Big Thing in Collector Vehicles – Toyota Trucks?
Hagerty Insurance Calls ’80s Toyota Trucks as the Next Hot Trend
If you’ve gone shopping for a used Tacoma lately, it’s no secret that Toyota trucks hold their value just slightly worse than an ingot of gold. However, according to Hagerty, one of the leading classic car valuation firms and insurance providers, it seems Toyota Trucks from the ’80s are an increasingly sought-after item in the collector community as well. Early-to-mid ’80s Toyota trucks are fetching as much as the high teens in excellent condition, even with relatively high miles by collector standards.
Hagerty partially attributes the popularity of the models in a resurgence of ’80s nostalgia, fueled by the 30th anniversary commemoration of such movie classics as “Back to the Future,” with Marty McFly’s dream truck being a black Toyota 4x4 pickup. Although still relatively attainable by collector vehicle standards, the increase in valuation has been steep, with prices nearly doubling on Toyota trucks over the last several years.
The hot spot for finding these trucks is on the West Coast, where the mild climate has kept many of them in relatively pristine condition. Examples in less-friendly climes have largely succumbed to rust. Hagerty notes that the rising values of Toyota trucks also applies to the truck-based 4Runner SUV. Although many of these trucks have been well-maintained, don’t be surprised to see odometer readings of more than 100,000 miles. The trucks’ legendary reliability means there are probably hundreds of thousands of miles more of useful life left in them.