The cost of used cars in general has gone up a lot the past few years, old Toyotas in particular seem to have gone up in value. I just got a gen1 Tundra and they've gone up a ton in the past year or so.
Someone else mentioned Porsche and it's a similar reason. The cars in good condition are becoming harder and harder to find. When air cooled 911s shot up in value, a lot of absolute dogs that were rusted out, had broken head studs, etc showed up on the market. You'd sort through 50 to find 1 that was worth owning. When I bought mine, I spent months looking for one in good shape, same with my Tundra. The vast majority were rusted out or needed a ton of work.
I continue to see threads of disappointed sometimes bewildered new 80 Series buyers that think they are $12k trucks, that is the starter kit price, still another $20k to spend and you probably still have aftermarket seat covers and faded paint on a 250k+ mile truck, but there is a great chance you love it every time you drive it!
Owning an icon isn’t cheap or for everyone, see the Air Cooled Porsche World of the past 10-20 years for historic examples!
The FB groups are horrible about this. It's the reason I haven't posted mine there, I just don't wanna deal with the arguing. The Toyota community is the only car community I've seen where people want their cars to be worth
less. None of their comments match the real values the cars are selling at either. They are stuck in 2018.
I owned an air cooled 911 too (1982), that's a similar situation when it comes to finding a car, but the community generally sees the value and market values right. The clean ones that aren't rusted out are worth a lot more but some folks are still stuck in 2018 pricing. I listed mine and some guy told me I was "shooting for the stars" with my asking price of 65k, he offered me 35k. It ended up fetching 61k. The car would've been worth like 15k 15 years ago and some folks just can't get over it, but it also means a lot were neglected.
Finding these cars in good, clean shape is increasingly becoming difficult and it's reflected in the values. The Porsches are in a unique circumstance because they are actually fuel efficient, but parts are through the roof expensive and work is hard to find. The lead time on machine work for motors was 9 months last time I checked. The 80s are easier to maintain but not efficient on fuel, but a lot of YT channels have made them popular for overlanding