I’ve been searching for used Camrys using cars.com in NC and have a tentative deal on a 2011 LE automatic with only 21000 miles for just under 16000. It certainly wasn’t unique. I found similar deals in NC and SC. Clean Carfax report and still under warranty. However, in just looking around, I’ve found in many cases Corollas with similar miles were going for more and that is counter-intuitive to me. Any ideas why that would be so?
Smaller cars are selling for higher prices than larger vehicles because of their higher gas mileage. This is especially true of older used cars, but is also seen in the newer used car market.
You’ll have to be more specific. Toyota makes both the Corolla and Camry in enough lines and with enough models that depending upon mileage and condition, I could see a sport model making a run a base Camry, especially where gas prices are high.
I saw many examples of the asking price of Corolla LEs with asking prices higher than Camry LEs.
A 2011 Camry LE automatic has a highway mileage rating just 3 mpg below the Corolla LE automatic…32 vs 35.
Check prices on the remaining 2012 models that are still considered new. Bet you can get as good a deal, if not better, than the 2011s you’re looking at.
I am not surprised that the Corolla might fetch more than the Camry. Back in the early 1960s, a four year old VW Beetle was worth about the same money as a four year old Cadillac where both cars had comparable mileage and were comparable condition, even though the Cadillac cost three times as much as the VW when both cars were new. A four year old Chevrolet was worth more than a four year old Buick when the cars were in similar condition with about the same miles on the odometer. The reason is simple: Most used car buyers are looking for transportation. The added features of higher priced cars lose their appeal on used cars. This often makes an upscale used car a good buy.
I’d go for the Camry, better car in most ways except parking and a few mpgs.
You may be in an area with a surplus of used Camrys. These are asking prices only. Trade in by dealers woukd be a better indicator IMO.
Many people aren’t all that analytical. They just want a small car and guess that the difference in mileage between the Camry and Corolla is large, but never check it. Since they are’t interested in the Camry, they never price it. Since you like the Camry, maybe you should buy it.
The reason is irrelevant; you have to work with what’s on the market. If Corollas are being higher in your area, that’s what you have to factor into your decision.
More Camry’s were probably leased than Corollas, and more Camrys were built. Supply and demand, there are many more Camry’s around for sale than Corollas.
I know from a friend who was trying to sell a Camry to carfax, they priced it low mostly due to having too many Camry’s on the lot. They weren’t interested in having one more. I am sure, if I was there that week trying to buy a Camry, they would have given me a good deal. Used car prices are only partially related to their MSRP when new. The luxury cars are a perfect example. You can get the used Lexus version of a Camry at a very close price to the used Camry price.