Toyota has revised its 2026 global production targets upward, but supply constraints for certain popular models continue to push buyers toward the used car market.
Toyota Motor Corporation has announced revised production targets for its 2026 fiscal year, forecasting output of approximately 10.8 million vehicles globally. While this represents a recovery from semiconductor-related disruptions, several high-demand models continue to face extended waiting periods for new vehicle orders — a situation that is actively driving buyers toward the used car market.
Models With Extended New Car Wait Times
In key export markets, new vehicle delivery times for the following models remain elevated:
- Toyota Land Cruiser 300 Series — 18–24 months in most markets
- Toyota RAV4 Hybrid — 9–14 months
- Toyota HiLux — 6–10 months in sub-Saharan Africa
- Toyota Land Cruiser Prado — 12–18 months
Effect on Used Car Prices
The long wait times for new 300 Series Land Cruisers have had a dramatic knock-on effect on the 200 Series used market. Well-maintained, low-mileage 200 Series vehicles continue to trade at — and in some cases above — their original retail prices at Japanese auctions. Grade 4 and 4.5 specimens with mileage under 80,000 km routinely clear ¥4.5 million–¥6 million at major auction houses including USS Tokyo and TAA.
What This Means for Buyers
Buyers requiring reliable, capable vehicles without multi-year waits are well advised to consider quality used examples from Japan. The used market offers immediate availability, and the depreciation curve on well-maintained Japanese vehicles is considerably more gradual than in other origin countries. Asawa Japan maintains live stock access to major auction houses and can source vehicles within 2–4 weeks of order confirmation.
