Hi folks, Jimmy here, author of the FJ Buy / Sell Guide here on FJ Cruiser Forums.
At 11PM MT last night, Toyota USA's facebook page announced the imminent return of the Land Cruiser:
Which means that the next 2 years from Toyota will see 4 vehicles targeted at offroading / overlanding: the new Tacoma, the new Lexus GX, next year's 4Runner and now Land Cruiser.
Having now seen 2 of these 4 products demonstrated in detail, Toyota isn't screwing around. Horsepower and torque are up with the turbocharged hybrid powerplants, significantly. Frame and suspension modifications have been made to allow the new Tacoma to fit 35's without rubbing. Expect the 4Runner and Land Cruiser to be as offroad focused as the Tacoma and GX, if not more so.
One of the first questions I asked myself was: what does this do for FJ values?
Let's pretend that none of ^^^ this was happening. Let's pretend that Toyota continued to do what they've been doing for 20 years: the next 4Runner is more bland, slightly more fuel efficient, has more city driving tech. The next GX now has 360 cameras and climate concierge. In that scenario, what happens to FJ values? The same thing that has been happening for the last ~15 years. It's the last hardcore Toyota offroader, values stay high.
Problem is, the opposite is happening. When the FJ Trail Teams marketing effort debuted in 2007, that was for 1 vehicle (the FJ). Toyota is about to release 4 new vehicles that are not bland evolutionary changes to their existing lineup. The new Tacoma and GX both show that they are taking aim at the offroading / overlanding market. What are the odds that one of them is seen as a significant upgrade from the FJ? Especially one of the two we haven't seen yet, that will likely be more hardcore than the ones we have seen? Section 3A of the buy/sell guide is "You should probably be looking at a Lexus GX instead", that's based on the number of people I talk to about FJs who end up buying a GX. And that's a current luxury GX that they have to modify significantly to offroad, not a new overlanding-targeted GX.
If this ^^^ is what happens, I don't think the impact is immediate at all FJ price tiers. A ~$65K new Land Cruiser isn't going to make an '07 FJ with ~125K miles suddenly worthless. But is a collector-grade TTUE that sold for $103K still worth so much when a new Land Cruiser Trailhunter comes out? I'm not so sure. In 5 years as these vehicles start to compete with ~50K mile FJs, there's a good chance that the FJ is less desirable. Then in 10 years for 100K+ mile FJs, same thing.
What the FJ still has going for it, until we see the new 4Runner / Land Cruiser: a shorter wheelbase than the new vehicles will likely get. A better departure angle, unless Toyota puts the spare for those on the back door. An aggressive 2-door look that the 4-door vehicles can't replicate. And a simpler drivetrain -- no turbos, no hybrid -- that may prove to be more reliable, or it may not.
This isn't me saying "sell your FJs now!", if you love your FJ and it does what you need then I look forward to seeing your FJ on the trails. The main point of this post is that I'm excited that Toyota is finally taking our hobby seriously. I bought a TRD Off Road trim 4Runner and built it into a better truck than a TRD Pro, seeing the Trailhunter trim I'm no longer sure that my build is better. And they're doing this ^^^ with 4 new vehicles, not just one.
But if you're the type of FJ owner who is more collecting than using / enjoying, be aware ^^^ of this and how it may impact your values. We'll see.
At 11PM MT last night, Toyota USA's facebook page announced the imminent return of the Land Cruiser:
Which means that the next 2 years from Toyota will see 4 vehicles targeted at offroading / overlanding: the new Tacoma, the new Lexus GX, next year's 4Runner and now Land Cruiser.
Having now seen 2 of these 4 products demonstrated in detail, Toyota isn't screwing around. Horsepower and torque are up with the turbocharged hybrid powerplants, significantly. Frame and suspension modifications have been made to allow the new Tacoma to fit 35's without rubbing. Expect the 4Runner and Land Cruiser to be as offroad focused as the Tacoma and GX, if not more so.
One of the first questions I asked myself was: what does this do for FJ values?
Let's pretend that none of ^^^ this was happening. Let's pretend that Toyota continued to do what they've been doing for 20 years: the next 4Runner is more bland, slightly more fuel efficient, has more city driving tech. The next GX now has 360 cameras and climate concierge. In that scenario, what happens to FJ values? The same thing that has been happening for the last ~15 years. It's the last hardcore Toyota offroader, values stay high.
Problem is, the opposite is happening. When the FJ Trail Teams marketing effort debuted in 2007, that was for 1 vehicle (the FJ). Toyota is about to release 4 new vehicles that are not bland evolutionary changes to their existing lineup. The new Tacoma and GX both show that they are taking aim at the offroading / overlanding market. What are the odds that one of them is seen as a significant upgrade from the FJ? Especially one of the two we haven't seen yet, that will likely be more hardcore than the ones we have seen? Section 3A of the buy/sell guide is "You should probably be looking at a Lexus GX instead", that's based on the number of people I talk to about FJs who end up buying a GX. And that's a current luxury GX that they have to modify significantly to offroad, not a new overlanding-targeted GX.
If this ^^^ is what happens, I don't think the impact is immediate at all FJ price tiers. A ~$65K new Land Cruiser isn't going to make an '07 FJ with ~125K miles suddenly worthless. But is a collector-grade TTUE that sold for $103K still worth so much when a new Land Cruiser Trailhunter comes out? I'm not so sure. In 5 years as these vehicles start to compete with ~50K mile FJs, there's a good chance that the FJ is less desirable. Then in 10 years for 100K+ mile FJs, same thing.
What the FJ still has going for it, until we see the new 4Runner / Land Cruiser: a shorter wheelbase than the new vehicles will likely get. A better departure angle, unless Toyota puts the spare for those on the back door. An aggressive 2-door look that the 4-door vehicles can't replicate. And a simpler drivetrain -- no turbos, no hybrid -- that may prove to be more reliable, or it may not.
This isn't me saying "sell your FJs now!", if you love your FJ and it does what you need then I look forward to seeing your FJ on the trails. The main point of this post is that I'm excited that Toyota is finally taking our hobby seriously. I bought a TRD Off Road trim 4Runner and built it into a better truck than a TRD Pro, seeing the Trailhunter trim I'm no longer sure that my build is better. And they're doing this ^^^ with 4 new vehicles, not just one.
But if you're the type of FJ owner who is more collecting than using / enjoying, be aware ^^^ of this and how it may impact your values. We'll see.