Sell-or-hold analysis
2023 Toyota Tacoma SR5 60-day depreciation forecast
The all-new fourth-generation Tacoma launched for MY2024-MY2025 with a turbo-four hybrid drivetrain — a major shift from the 3.5L V6 that defined the third-gen. That transition has split the Tacoma buyer pool. Our 60-day band below shows where the 3rd-gen SR5 sits within that split.
Tacoma 3rd-gen V6 SR5 examples have held value materially better than typical end-of-generation pickups because the buyer preference for the V6 is durable. Don't expect typical 8-12% end-of-gen compression on this truck — closer to 3-5% is the realistic baseline.
2023 Toyota Tacoma SR5 price history
Last 26 weeksMedian asking prices aggregated weekly from active dealer and auction listings.
Common questions
Should I buy a 3rd-gen 2023 SR5 or a 4th-gen Tacoma?
Depends on your priorities: 3rd-gen V6 SR5 is cheaper, simpler, proven reliability. 4th-gen is more refined, more fuel-efficient, but unproven at high mileage. For long-ownership the 3rd-gen V6 has the stronger residual case; for newer-truck preference 4th-gen wins.
Tacoma SR5 vs TRD Off-Road used pricing?
TRD Off-Road trades 8-12% above SR5 at matched mileage because the off-road package (locking diff, multi-terrain select, Crawl Control) has real value to enthusiast buyers. SR5 is the value play; TRD Off-Road is the residual play.
Is the 2023 SR5 a long-term keeper?
Toyota body-on-frame trucks with the 2GR-FKS V6 have historically been the strongest reliability bets in the segment past 150,000 miles. SR5 at this generation specifically has the cleanest residual case for buyers who plan 8+ years of ownership.
Track the V6 Tacoma residual into the hybrid era
See the live 60-day forecast band, weekly market refresh, and price alerts for every CarCast-tracked vehicle.
Last updated August 2, 2026. Forecast refreshes weekly from live dealer listings.
Forecasts and trend classifications are informational analytics only and do not constitute financial advice or a recommendation to purchase, hold, or sell any vehicle. Individual market conditions vary.