The third-generation Toyota Tundra, chassis code XK70, arrived for the 2022 model year and represented a complete overhaul of Toyota's full-size truck. It moved to the new global TNGA-F body-on-frame platform, which it shares with the Sequoia and Land Cruiser, and notably replaced the rear leaf springs with a more modern multi-link coil spring setup for improved ride quality.
The most significant change was under the hood, where the long-serving 5.7L V8 was retired. In its place are two versions of a 3.4L twin-turbocharged V6. The standard i-FORCE engine produces 389 hp, while the optional i-FORCE MAX hybrid powertrain adds an electric motor between the engine and transmission for a combined 437 hp and 583 lb-ft of torque. Enthusiasts are primarily focused on the high-end TRD Pro and luxury Capstone trims, which feature the hybrid powertrain as standard.
As a current-generation vehicle, the market is composed almost entirely of new and lightly-used trucks. The average sale price of over $56,000 reflects the popularity of mid to high-level trims. While lower-spec models are subject to normal depreciation, sought-after configurations like the TRD Pro continue to trade at or near their original sticker price due to high demand and limited availability.
Buying Tips
- Decide between the standard i-FORCE V6 and the more powerful i-FORCE MAX hybrid. The hybrid offers a significant boost in torque but adds weight and complexity.
- Early 2022 models had some initial production issues, including reports of turbocharger wastegate actuator problems. Check service records to ensure any TSBs or recalls have been completed.
- The Tundra trim walk is extensive, from the work-oriented SR to the luxurious Capstone. Pay close attention to optional packages, as features like the TRD Off-Road package can be added to several different trims.
- Inspect the composite bed for signs of heavy use. While it's dent-proof and won't rust, it can be scratched more easily than a steel bed with a spray-in liner.
Prices range from $703 to $93,500, with an average sale price of $56,983 across 23 recent transactions.
1,442 Toyota Tundra 3rd Gen vehicles have been tracked across auctions and listings on Hypercars, with 899 currently live. Sold prices range from $500 to $700,000.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
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