The 4th generation Tacoma, introduced for the 2024 model year, is a complete redesign of Toyota's popular mid-size truck. It moves to the global TNGA-F body-on-frame platform, shared with the Tundra and Sequoia, which brings significant modernization. This includes a new multi-link rear suspension on most models and a switch to exclusively turbocharged 4-cylinder engines, including the powerful i-FORCE MAX hybrid.
Enthusiasts seek out the 4th gen for its blend of Toyota's legendary reliability with contemporary technology and performance. The lineup is more diverse than ever, with new models like the factory-built overlanding Trailhunter and a redesigned TRD Pro. These top-tier trims, along with the first-ever hybrid Tacoma, are especially desirable for their advanced off-road hardware and increased power output.
The market for the 4th gen Tacoma is still in its infancy, with sales data representing the first model years. The wide price range from under $10,000 to over $65,000 reflects the market's breadth, from salvaged base models to brand new, highly-optioned trucks like the TRD Pro. While most trims will experience typical new-vehicle depreciation, limited-production and high-demand models are holding their value strongly.
Buying Tips
- Beware of significant dealer markups on high-demand trims like the TRD Pro and the new Trailhunter.
- Choose your powertrain carefully; the standard 2.4L turbo offers solid performance, while the i-FORCE MAX hybrid provides a substantial torque increase for a higher price.
- Even on a new truck, inspect the frame and underbody for any signs of early off-road abuse or damage, especially around the new rear suspension components.
- The low end of the market includes salvage-titled trucks, so always run a vehicle history report to avoid unpleasant surprises.
- Thoroughly test the new electronics, including the large central touchscreen and digital gauge cluster, as they are a major departure from the previous generation.
Based on early sales data, prices range from $9,780 to $67,000, reflecting conditions from salvage to brand new top-spec models.
4,256 Toyota Tacoma 4th Gen vehicles have been tracked across auctions and listings on Hypercars, with 2780 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Run a business in this market?
Get Hypercars OS
