Toyota Resale Values Could Drop

Will this serve as another reason for potential Toyota buyers to look elsewhere?

Toyota Price Recommendations on Kelley Blue Book Cut

(Bloomberg) Toyota Motor Corp. vehicle prices recommended by Kelley Blue Book may be trimmed as much as 5 percent after a recall to fix a defect causing sudden acceleration.

The Toyota recall prompted Kelley Blue Book, the used-auto pricing service used as a guide in private-party transactions, to lower suggested rates on involved vehicles by 1 percent to 3 percent, Robyn Eckard, a Kelley spokeswoman, said today in an e- mail. Any delay by Toyota in resolving the issue may reduce prices by 3 percent to 5 percent, she said.

Read more on Toyota's recall problems.