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Toyota iQ is one of the few vehicles which are marketed under a single generation. The car was introduced in 2008 and is known for its specialized design. The vehicle is noted for maximized passenger space and minimized exterior length. Toyota iQ was given the title as Japanese car of the year in 2008. The fine engineering from design to the performance of the vehicle is truly exceptional.
Toyota iQ is not a very old vehicle in Pakistan and could achieve sales compared to other parts of the world. A niche market purchases such vehicles in Pakistan. However, the vehicle is ideal for traffic situations in Pakistan especially in Karachi these days.
The vehicle comes with a standard automatic transmission however one has three different engine options. 1.0L, 1.3L and 1.5L are the machines which can be found under the hood, depending on the need and desire one can make the decision accordingly.
Toyota iQ is not priced very high, however. Still, the number of vehicles seen on roads is limited. Only if it were a four-door vehicle which was able to accommodate four passengers comfortably, one would have seen it everywhere. Used Toyota iQ two door car price revolves around 10 Lacs. However, a rough used Toyota iQ price in Pakistan is around 8.0 Lacs. Latest models such as Toyota iQ 2014 and Toyota iQ 2015 are not available in the market, and the majority of the vehicles are of good age.
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There is no such direct competition found in the market for Toyota iQ however one can compare Daihatsu Copen and Smart For Two. The demand is pretty much the same for all these three vehicles. People don’t purchase the vehicle for daily use rather it’s just another ride in your garage out of the rest many cars. Even though the prices of these vehicles are not touching skies but still due to practicality, the demand is less. Potential customers are now much more pragmatic and rational.
As the vehicle is marketed under a single generation, popularity ratings can be done based on the engine. The most popular version of Toyota iQ is 1.0L whereas 1.3 and 1.5L are very rare. The vehicle is no doubt a beast to ride with a 1.5L machine under the hood.
Resale value of Toyota iQ is not worth commenting however the past trends show that the prices have now become stagnant. A clean second hand Toyota iQ is probably difficult to find however if you're successful you should be able to pay the owner close to what he demands. There is a common phenomenon for such vehicles that the equilibrium point of the seller's price and buyers offer is tough to achieve. If you're unable to reach the equilibrium point, make sure you're ready to invest some more couple of months finding a clean ride.