That seems well under market value. It does appear you can get a nice one in the mid to upper 40's though. Almost half the price of a 3rd gen. 1st gen pricing is holding pretty strong, and not far from the 2nd gen pricing for like mileage trucks.
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In my experience and others with recently selling my gen 2 and others ive seen on the market. Theyre going well below kbb value right now sadly. Ive also seen quite a few people in my area (central tx) “downgrade” from gen 2/3 into gen 1s due to various issues. I personally loved my gen 2 though.Where are you coming up with this nonsense? Sure, some people are upgrading to G3, but nobody in their right mind would downgrade to a G1, and there’s no evidence that is happening.
I don't call it cheap, I call it normal price.
40k for 2017 fully loaded with 35k miles is outstanding value. I don’t anticipate gen3s getting more than 70k in this market for long