News

Toyota used car prices downgraded

By Michael Marsh
Source: Associated Press
Updated: February 8, 2010 8:13 PM

Persistent trouble with Toyotas prompted Kelly Blue Book to reduce the value of some used cars involved in a massive recall for the second time in less than a week. The value dropped an average of about 3.5 percent and Kelly Blue Book says it could drop further.  The cuts range from about $300 for a Corolla to $750 for a Sequoia.  Both models are involved in the recall because gas pedals stick and cause a rapid acceleration.  Kelly Blue Book says the latest reduction reflects a drop in customer demand for Toyotas.   

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