Prices of used recalled Toyotas are lagging behind the market, says Edmunds.com. Their prices slipped while average prices of used vehicles overall rose in February, ADESA Inc. data show.
Joe Spina, an Edmunds.com analyst, said the prices of recalled Toyota vehicles as of March 12 are down almost 3 percent from a month earlier.
He said used-car buyers are turned off by publicity surrounding the recalls. Also, he said, "A fair number of Camry and Corolla models were recently returned by rental fleets, making it somewhat of a buyers' market for those vehicles," Spina said in a statement.
He said the price of the average 3-year-old Camry is flat compared with a year earlier, but prices of the average 3-year-old mid-sized sedan increased 7 percent year over year.
Tom Kontos, an ADESA executive vice president, said the average price of a used vehicle in February was $10,138. The industry average topped $10,000 for the first time since July.
February's average price rose 8 percent from a year earlier and 3 percent from January.
Full-sized vans in February registered the largest year-over-year increase of any segment. Their average price of $8,945 jumped 33 percent from February 2009 and 4 percent from January.
Average prices of used large SUVs stood at $13,777 in February, up 11 percent from February 2009 and up 2 percent from January.