The Toyota 4Runner has undergone several updates and changes over its different generations. Here, we will explore each generation and rank them based on their value.

First Generation (1984-1989)

The first generation of the Toyota 4Runner was introduced in 1984. While it was a popular SUV at the time, it is now considered the least valuable generation due to its age and limited features. It may still hold some nostalgic value for collectors, but in terms of market price, it is the least valuable.

Second Generation (1990-1995)

The second generation saw significant improvements in terms of design and performance. However, it still falls behind the later generations in terms of value. This is mainly due to advancements in technology and features that were not present in this generation. The second generation 4Runner is a good choice for those looking for a reliable off-road vehicle at a more affordable price.

Third Generation (1996-2002)

The third generation brought more updates and enhancements, including a more powerful engine and improved off-road capabilities. It also introduced features like airbags and anti-lock brakes. The third generation 4Runner holds better value than its predecessors due to these improvements and a more modern design.

Fourth Generation (2003-2009)

The fourth generation introduced even more advancements, including a more spacious interior and increased power. It saw a dip in sales numbers, possibly due to increased competition in the SUV market. Despite its impressive features, the fourth generation 4Runner is valued lower than later generations.

Fifth Generation (2010-present)

The fifth generation, introduced in 2010, is the most valuable iteration of the Toyota 4Runner. It brought significant updates, such as a more powerful engine and off-road-ready TRD Pro trim package. Later models also incorporated advanced driver-assist technologies, further increasing their value. The fifth generation has seen a steady increase in sales, surpassing the 100,000 mark in recent years.

As of now, the 2023 4Runner holds the highest value among all generations, with a base MSRP of over $40,000. However, it is worth noting that as newer generations are released, the value of previous generations may decline.

In conclusion, while the earlier generations of the Toyota 4Runner hold some sentimental value and may appeal to certain buyers, the newer generations with their improved features and technology are generally more valuable in the market.