Toyota Highlander Hybrid Pricing Analysis: Miami, FL Market Report

Pricing Analysis by Model Year

Key Insights

• Strong Demand for Newer Models: The 2026 Highlander Hybrid is priced at $53,448, reflecting a 11.5% premium over its MSRP, indicating robust demand for the latest model.
• Significant Depreciation for Older Models: The 2016 model shows a steep decline, priced at $17,995, which is −62.5% compared to its original MSRP, highlighting the rapid depreciation typical of older vehicles.
• Best Value in Recent Years: The 2021 Highlander Hybrid offers the best value with a current average price of $27,898, representing a −28.5% depreciation from its MSRP.

Model Year Pricing

Pricing in Nearby Cities

Market Area: Greater Miami Region

Key Insights

• Highest Prices in Fort Lauderdale: The average price in Fort Lauderdale is $35,910, indicating a premium market likely driven by demand and limited inventory.
• Lowest Prices in Fort Myers: Fort Myers offers the best value at $30,858, suggesting a more competitive market with higher inventory levels.
• Price Variability Across Cities: The price range from $30,858 in Fort Myers to $35,910 in Fort Lauderdale highlights significant regional pricing differences, likely influenced by local demand and supply dynamics.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• AWD Trims Lead Inventory: The XLE AWD is the most common trim with 22 listings, reflecting strong demand for all-wheel-drive options in the region.
• Premium Pricing for Higher Trims: The Platinum AWD trim commands the highest MSRP at $55,675, indicating a significant markup for luxury features.
• Value in Limited Trims: The Limited AWD trim, priced at $52,475, offers a balance of features and price, appealing to buyers seeking a well-equipped vehicle without the highest price tag.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from July 2, 2026, CarGurus experts' opinions, and generative AI.