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Automobiles

Used Land Cruisers fetch over double new price amid Toyota shortage

$129,000 resale price shows car buyers willing to pay more to skip waitlist

New orders for Land Cruisers have been suspended in Japan because production cannot keep up. (Photo by Yuki Nakao)

NAGOYA, Japan -- Resale prices of some Toyota models have topped what new ones sell for as Japan's top automaker keeps car buyers waiting.

The median price of the 2022 Land Cruiser ZX reached 17.05 million yen ($129,000) in late July, more than double the manufacturer's suggested price for the gasoline version of the popular sport utility vehicle, according to used car website operator Proto Corp.

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