The third-generation Toyota Tacoma, launched for the 2016 model year, built upon the reputation for durability established by its predecessors. It introduced a more aggressive exterior design and an updated interior, but the biggest change was under the hood. A new 3.5-liter V6 engine (2GR-FKS) featuring both port and direct injection became the volume seller, paired with either a 6-speed automatic or a 6-speed manual transmission.
The Tacoma's appeal comes from its proven reliability, high resale value, and massive aftermarket support. This makes it a go-to choice for off-road enthusiasts and the overlanding community. Specific trims like the TRD Off-Road and especially the TRD Pro are highly desirable for their factory-installed equipment, which includes upgraded suspension like Fox internal bypass shocks, skid plates, and unique styling.
With 130 recent sales, the market for the 3rd gen Tacoma is robust, showing an average price of $32,646. Even with the arrival of the 4th generation, values for these trucks remain high. Low-mileage TRD Pro models sit at the top of the market, while higher-mileage SR and SR5 models offer a more accessible entry point into Tacoma ownership.
Buying Tips
- Check the frame thoroughly for rust, particularly in the snow belt. Pay close attention to the boxed sections and weld points.
- On models with the 3.5L V6 and automatic transmission, note the shifting behavior. Some early models had complaints of gear hunting, which can sometimes be improved with a dealer-installed TSB software update.
- Inspect the rear differential for any signs of weeping or leaking fluid, which was a known issue on some 2016-2017 trucks.
- Engage the 4WD system to ensure the electronic transfer case shifts smoothly between 2WD, 4-High, and 4-Low without hesitation or binding.
- Look for evidence of heavy off-road abuse. Check for scrapes and dents on the skid plates, frame rails, and suspension components.
Prices range from $10,521 for base models to $64,157 for top-spec TRD Pro variants.
9,310 Toyota Tacoma 3rd Gen vehicles have been tracked across auctions and listings on Hypercars, with 7441 currently live. Sold prices range from $500 to $1,234,567.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
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