Orders for the Land Cruiser 300 have surged around the world since the announcement of the new car, and in Japan there is a four-year wait, and Toyota has no choice but to temporarily stop receiving orders. Nevertheless, it can be said that so-called new and used cars have been circulating in the market and are being bid at high prices at auctions.
Under such circumstances, setting prices that are too high would destroy the balance between supply and demand, so I think it is only natural that prices in the used car market should be adjusted.
On the other hand, there seems to be a voice among industry insiders that Toyota’s withdrawal from the Russian market may have an impact on the used car market trend of the Rankle 300. As is well known, many countries, including Japan, are hoping for a peaceful and early resolution to Russia’s aggression against Ukraine.