Does a Toyota Camry Hold Its Value? A Comprehensive Guide

If you’re in the market for a reliable mid-size sedan that not only serves you well on the road but also maintains its worth over time, the Toyota Camry is likely on your list. Known for its longevity and reputation for dependability, the Camry has long been a staple choice among American drivers. But does it truly hold value? This article dives into everything you need to know about the Toyota Camry’s resale value, exploring why it performs well—or not—across different model years, trim levels, and industry benchmarks.

Table of Contents

Introduction to the Toyota Camry

Since its introduction in 1982, the Toyota Camry has consistently ranked among the top-selling sedans in the United States. Combining comfort, efficiency, and practicality, this mid-size car caters to families, commuters, and even rental fleets. Toyota’s emphasis on reliability has made the Camry a default option for many, but when it comes time to sell or trade-in, the question remains: does the Camry keep its value?

In this article, we will not only answer that question but also provide a detailed breakdown of depreciation rates, trim and engine variations, generational differences, and tips for maximizing your Camry’s return on investment.

Why Resale Value Matters

Resale value is the amount a vehicle retains in monetary value after initial purchase. For most car buyers, especially those who plan to keep their car between three and seven years, resale value plays a critical role in their ultimate cost of ownership.

Understanding depreciation—the opposite of resale value—helps car buyers plan their budget:

The average car loses about 20% of its value in the first year.
Over the course of five years, a typical vehicle may lose up to 60% of its original value.

A car that holds its value well can significantly reduce your long-term ownership cost, making it a more financially sound purchase.

Toyota Camry Depreciation Overview

The Toyota Camry is often lauded for being among the slowest-depreciating vehicles in its class. Let’s explore how it fares in industry studies and real-world resale benchmarks.

Industry Standards and Resale Value Studies

Every year, Kelley Blue Book (KBB) and Black Book publish data on automobile depreciation. Toyota routinely features high in their lists, and the Camry is no exception. According to the 2024 KBB report:

The Toyota Camry was among the top five sedans for highest resale value over a 5-year period.
On average, a 5-year-old Camry retains approximately 45–55% of its original value.

When compared with some other mainstream mid-size sedans:

Car Model	5-Year Depreciation (% retained)
Toyota Camry	52%
Honda Accord	54%
Hyundai Sonata	41%
Nissan Altima	39%
Chrysler 200	31%

While Honda Accord generally edges slightly ahead, the Camry’s value retention is still very competitive, especially for a vehicle not typically associated with “luxury” status.

Factors That Influence Depreciation

Many elements can affect how much value a Camry retains. Common factors include:

Model Year: Newer models depreciate slower due to ongoing demand.
Trim Level: Higher-end trims or hybrid versions sometimes hold value better.
Condition: Maintenance history, mileage, and exterior appearance play a large role.
Warranty: Vehicles with remaining manufacturer warranty appeal to more buyers.

Toyota Camry Trim and Engine Value Analysis

The Camry comes with a range of trims and engine options, each with unique cost and depreciation characteristics.

Base Trims vs. LE/XLE/XSE Trims

The LE and XLE trims are the most popular due to their balanced price and features. These traditionally hold their values well due to:

High initial demand and widespread ownership.
Strong reputation for reliability, keeping them popular in the used market.

On the other hand, sportier variants like the XSE and TRD Edition appeal to a niche audience, which can slightly reduce their resale value—unless they’re part of a limited, desirable generation.

Fuel Type & Efficiency (Hybrid vs. Gasoline)

The Camry Hybrid, introduced as a more eco-conscious option, has gained traction in recent model years.

Resale Performance:

Camry Hybrids have better-than-average retention, especially in high-mileage urban markets.
While hybrids were previously more expensive, falling battery costs and rising interest have improved their value outlook.

However, because of their complexity and specialty systems, some buyers may shy away from hybrids unless they are clearly maintained and well-documented.

Engine Type and Transmission

Engine selections have changed over the generations, but generally:

The 2.5L and 3.5L engines have proven to be highly resilient in the used market.
Newer 2.5L hybrid setups have seen strong interest as the industry trends toward electrification.
Automatic transmissions dominate; older versions with CVTs or less proven tech may depreciate slightly faster.

Generational Variations in Value

As with any long-produced model, not all generations of the Toyota Camry are created equal in terms of value retention.

Eighth Generation (2018–2024): High Demand, High Value

This generation introduced a redesigned, more athletic look, along with technology upgrades and sportier models like the Camry TRD, which has become a cult favorite among enthusiasts.

Key advantages:

Improved styling—no longer “bland” sedans, drawing younger buyers and fleet interest.
Superior reliability ratings.
Strong tech package options: Toyota SmartConnect, Entune 3.0, Apple CarPlay, and Amazon Alexa integration.

As of late 2024, a 2018–2020 Toyota Camry has approximately 47% average retained value over five years, while the 2021–2023 models show slightly upward trends.

Seventh Generation (2012–2017): Still Strong, but Aged

This Camry was known for its quiet ride and refined fuel economy, but the styling took a major leap forward in the 2018 redesign.

Because of the styling shift and tech updates, the 2012–2017 generation holds slightly less well than newer models, especially those with the older 4-cylinder and V6 engine lineups.

However:

Well-maintained 2017 Camrys with low mileage still fetch ~$15,000 in used markets as of mid-2024.
Hybrid models from this generation can sell quickly where hybrid adoption remains high.

Sixth Generation (2007–2011): Classics with Longevity

The 2007–2011 models are considered very reliable, but depreciation can be significant:

Many of these models now sell under $8,000 unless well-maintained or rare.
However, they maintain a niche following and still operate reliably with proper care.

How Toyota Builds Long-Term Value

The Camry’s ability to hold its value isn’t accidental; Toyota’s approach to design, manufacturing, and customer support all work together.

Reliability as a Foundation

Toyota vehicles, including the Camry, are synonymous with dependability. The Camry regularly ranks among the most reliable vehicles in J.D. Power and Consumer Reports studies.

Low mechanical failure risks mean reduced long-term maintenance costs.
Fewer repairs lead to higher buyer confidence, driving demand and maintaining prices.

Widespread Presence and Service Network

Toyota’s large dealership footprint makes it one of the easiest makes to service nationwide.

This factor works in favor of depreciation because:

Spare parts and professional technicians are readily available.
Buyers prefer vehicles they can easily, conveniently repair.

Cost of Repair and Maintenance

The overall lifetime cost of repair for the Camry is among the lowest in its category. This creates a cycle where:

Owners keep cars longer due to low costs.
More supply of well-cared-for used Camrys keeps the market robust.
The continued presence keeps prices stable.

Toyota Care & Warranty Coverage

Toyota offers a generous bumper-to-bumper warranty (3 years/36,000 miles) and extended powertrain coverage (5 years/60,000 miles). This:

Offers buyers peace of mind when purchasing used.
Can add a premium of hundreds to thousands of dollars depending on remaining coverage.

Real-World Resale Data: Case Studies

Let’s explore specific examples based on market data from 2024 to illustrate actual Camry resale value behavior.

Case Study 1: 2019 Toyota Camry LE

Original MSRP: $25,645
Average Used Market Price (2024): $17,500 with ~50,000 miles and good condition
Depreciation Rate: ~32% (68% retained in 5 years)

This example demonstrates strength in value retention, enhanced by:

Strong reputation of 2019 models
Favorable styling and drivetrain reliability

Case Study 2: 2021 Toyota Camry XLE Hybrid

Original MSRP: $30,665
Average Used Market Price (2024): $22,500 with ~25,000 miles
Depreciation Rate: ~30% (70% retained in 3 years)

The hybrid version here outperforms many non-hybrids in similar timeframes. Strong hybrid interest in cities like San Francisco and Seattle is pushing better-than-average pricing.

How Trim and Features Affect Value

The Camry’s extensive equipment hierarchy allows buyers to choose between economy and luxury. Different trims command different prices in the used car marketplace.

Entry-Level SE Trim

Best suited for budget-conscious buyers or commuters, this trim forgoes some features for lower cost. Its value retention remains solid because of:

High rental fleet presence—inherently durable models
Appeal to a broad second-hand audience

XLE vs. XSE: Premium vs. Sport

XLE: Known for comfort, leather seats, tech features—this trim holds value due to its popularity with older buyers and families.
XSE: Appeals to younger buyers, often with upgraded ride, handling, and exterior styling. Can sometimes attract more limited audiences but has growing enthusiast support.

TRD Edition Camry (2018–2024)

Toyota’s TRD models of the Camry were designed for performance enthusiasts—unique front fascias, sport-tuned suspension, and paddle shifters.

Key Resale Value Insight:

This niche performance model is now gaining collector interest, with some 2018–2021 models trading higher than comparable LE/XLE versions.
Low production numbers in earlier model years mean limited supply.

Market Variables That Influence Resale

Not all depreciation or appreciation is intrinsic to the Camry’s design. External marketplace dynamics also have significant effects.

Gas Prices and Fuel Efficiency

When fuel prices rise, more efficient models like the Camry Hybrid see stronger demand. In 2023–2024, with fluctuating gas prices, fuel-efficient Camrys sold faster and for higher premiums.

Shift Toward SUVs and Electrification

With declining sedan sales and a broad shift towards crossovers, even reliable and comfortable sedans like the Camry may be under downward pressure in terms of resale value—however, this is more noticeable with older generations than with the newer, more tech-forward models.

Location and Population Demographics

Urban buyers in higher-cost-of-living areas may prefer sedans for fuel savings and maneuverability.
Conversely, suburbs and rural areas are leaning more toward trucks or SUVs.

Camrys in used-car markets of California and New York have often maintained higher prices than in traditionally SUV-dominant Midwest markets.

Maximizing Your Camry’s Resale Value

Regardless of the generational benefits, there are clear steps you can take as a Camry owner to maximize return on investment.

Regular Maintenance and Record Keeping

Follow Toyota’s maintenance schedule.
Save receipts for oil changes, belt replacements, hybrid battery checks, etc.
Documentation builds buyer confidence and can command premium bids.

Preserve Interior and Exterior Condition

Keep paint in good condition—no rust spots or scratches.
Use seat covers, avoid smoking inside the car, and regularly vacuum.
Consider waxing to protect paint finishes over time.

Timing Your Sale

Sell before major manufacturer recalls.
Consider listing a vehicle between 3–5 years (the sweet spot for Camry depreciation).
Spring and fall months often see stronger resale activity.

Conclusion: Does the Toyota Camry Hold Its Value?

To answer the question “Does a Toyota Camry hold its value?”—yes, but with a few key caveats:

The Camry performs well above average when it comes to value retention due to consistent reliability and a strong service network.
Newer models, especially from the eighth generation (2018–2024), maintain strong interest and stable pricing into their 5th year.
Trim and variant matters: Hybrid and sport TRD versions may outperform economy trims due to niche audience appeal.
As with any car, ownership habits and timing play a role in maximizing your payoff.

In summary, while no vehicle escapes depreciation entirely, the Toyota Camry gives its owners a better-than-average chance at recouping a significant portion of their investment—if the right model, features, and maintenance are maintained.

If you’re looking for a mid-size sedan that offers both reliable transportation and long-term value stability, the Camry is a top contender. Its ability to perform under pressure, resist breakdowns, and retain value makes it not just a favorite of drivers, but also a smart move for informed car buyers.

What factors affect the resale value of a Toyota Camry?

The resale value of a Toyota Camry is influenced by several key factors, including its overall reliability, maintenance costs, fuel efficiency, and brand reputation. As one of Toyota’s most dependable models, the Camry consistently ranks high in long-term dependability surveys, contributing significantly to its ability to retain value. Additionally, the vehicle’s widespread popularity means there’s a strong market demand, both nationally and globally, which further supports its resale performance.

Another critical factor is the vehicle’s trim level, age, and mileage. Higher-end trims with desirable features tend to hold value better than base models. Similarly, cars with lower mileage and a clean maintenance history are more attractive to potential buyers. The condition of the exterior and interior, accident history, and service records also play a role. A well-maintained Camry with regular servicing will typically outperform similar vehicles in its class when it comes time to sell or trade-in.

How does the Toyota Camry compare to competitors in terms of depreciation?

The Toyota Camry depreciates at a slower rate compared to many of its competitors in the midsize sedan segment, such as the Honda Accord, Ford Fusion, and Nissan Altima. According to data from automotive valuation and research companies like Kelley Blue Book (KBB) and Edmunds, the Camry consistently falls within the top 10 for lowest depreciation over a five-year period. This is largely due to its established reputation for reliability, strong resale demand, and lower ownership costs.

In contrast, some competing models may suffer from lower fuel efficiency, inconsistent reliability ratings, or declining market interest, which can accelerate depreciation. The hybrid version of the Camry, in particular, has shown strong residual values due to growing consumer interest in fuel-efficient and eco-conscious vehicles. This makes the Camry not only a smart buy for everyday driving but also a financially sound investment in the long term.

Does the Toyota Camry Hybrid hold its value better than the standard model?

The Toyota Camry Hybrid generally holds its value better than the standard gasoline-powered Camry model, primarily due to higher demand for fuel-efficient vehicles and the premium features often found in hybrid trims. Consumers are increasingly prioritizing fuel economy and environmental impact, and this trend is reflected in the strong resale values seen for hybrid vehicles. The Camry Hybrid also tends to retain more of its initial value because of its perceived lower long-term operating costs.

Additionally, the hybrid’s advanced technology and strong reliability ratings enhance its appeal in the used car market. In many cases, hybrid vehicles like the Camry Hybrid experience slower depreciation, especially in urban areas where fuel efficiency is a key purchasing factor. However, the gap in depreciation between the hybrid and standard model may narrow depending on gas prices, so buyers should consider their typical driving habits and market conditions when making their decision.

How important is maintenance in preserving the Camry’s resale value?

Proper maintenance is crucial in preserving the Toyota Camry’s resale value. Regular servicing—such as oil changes, brake inspections, tire rotations, and fluid checks—ensures the vehicle remains in good mechanical condition, which directly impacts its desirability in the used car market. A Camry with a documented service history gives buyers confidence in its reliability, often translating into a higher resale price or a faster sale.

In addition to routine maintenance, addressing any mechanical issues promptly and keeping the vehicle’s interior and exterior in good condition can further enhance its value. Even small details like maintaining clean upholstery, avoiding rust damage, and ensuring that electronic systems are functional can make a noticeable difference. Potential buyers often look for cars that have been well cared for, and consistent upkeep supports both the performance and the perceived value of the vehicle over time.

Will the Camry’s popularity affect its future resale value?

The Toyota Camry’s long-standing popularity has a positive effect on its resale value, as it ensures consistent demand in both private and fleet markets. Since the Camry has been one of the top-selling sedans in the United States for many years, there’s a large pool of potential buyers familiar with the model. This widespread recognition and trust in the vehicle’s reliability contribute to its ability to maintain value even as newer models are released.

However, shifting consumer preferences toward SUVs and trucks are gradually affecting demand for midsize sedans, including the Camry. Despite that, Toyota continues to update the Camry with modern technology, improved fuel efficiency, and hybrid options, helping it remain competitive. As long as the Camry continues to evolve with market trends while maintaining its core strengths, its resale value should remain strong in the near future.

How does mileage impact the Toyota Camry’s depreciation?

Mileage plays a critical role in how quickly a Toyota Camry depreciates. Vehicles with lower mileage tend to retain more of their value because they are perceived to have less wear and tear, making them more attractive to used car buyers. On average, the Camry is known for its longevity and can handle high mileage with proper maintenance, but even for a durable car like the Camry, exceeding the average annual mileage of 12,000 to 15,000 miles can significantly affect its resale value.

For example, a Camry with 80,000 miles in excellent condition may still command a solid price if it has well-documented service records and no major issues. However, a comparable model with 120,000 miles may see a noticeable drop in value, even if it runs well. Potential buyers often factor in expected future repair costs and remaining lifespan when evaluating mileage, so keeping annual mileage below average whenever possible can help maximize the Camry’s residual value.

Should I expect a high trade-in value for my Toyota Camry?

Yes, you can generally expect a high trade-in value for your Toyota Camry, thanks to its strong reputation for reliability and consistent market demand. Dealerships are often more willing to offer a competitive price for a Camry because they know it will sell quickly on the used lot. This is especially true if the vehicle is in good condition, has a clean Carfax report, and shows average or below-average mileage for its age.

Additionally, vehicles that have been well-maintained and equipped with desirable features—such as all-wheel drive, a hybrid engine, or premium audio and safety packages—typically receive better trade-in offers. Before trading in your Camry, consider getting an appraisal from multiple dealerships and compare it with private party valuations to ensure you’re getting the best value. Timing your trade-in before major model updates or significant mileage accumulation can also help secure a higher return.