Toyota Highlander Hybrid Pricing Analysis: Miami, FL Market Report

Pricing Analysis by Model Year

Key Insights

• New Model Premium: The 2026 Highlander Hybrid is priced at $52,159, reflecting a 6.4% premium over its MSRP, indicating strong demand for the latest model.
• Significant Depreciation for Older Models: The 2021 model shows a steep decline, priced at $28,122, which is ~27.5% below MSRP, highlighting rapid depreciation in the first few years.
• Best Value in Older Models: The 2018 Highlander Hybrid offers a compelling price at $21,399, representing a ~42.0% depreciation from its original MSRP, making it an attractive option for budget-conscious buyers.

Model Year Pricing

Pricing in Nearby Cities

Market Area: Greater Miami Region

Key Insights

• Highest Prices in Fort Lauderdale: The city commands the highest average price at $36,528, likely due to higher demand and lower inventory.
• Best Value in Naples: With an average price of $31,983, Naples offers the most competitive pricing, suggesting a more price-sensitive market.
• Inventory Variation: Cities like Fort Myers and North Port have similar average prices around $32,000, indicating stable pricing in those areas despite varying inventory levels.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• XLE AWD is the Most Common Trim: With 21 listings, the XLE AWD trim is the most prevalent, indicating strong consumer preference for this configuration.
• Premium Pricing for Higher Trims: The Platinum AWD trim, priced at $55,675, is significantly higher than the base trims, reflecting its luxury features and higher demand.
• AWD Dominance: All listed trims feature AWD, suggesting a strong market preference for all-weather capability in the Miami area.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from July 16, 2026, CarGurus experts' opinions, and generative AI.