Toyota FJ60 Values Rose 10% in Hagerty’s Index. Bring a Trailer Shows the Move Is at the Top

Hagerty’s October index update put the Toyota FJ60 Land Cruiser up 10% for the quarter while the older FJ40 slipped 5%. That is the headline. The more useful finding is in the Bring a Trailer results: the move shows up at the top of the 60-Series market, in running, lifted and refurbished trucks bringing $50,000 or more, while the middle of the market has only recovered to where it stood in early 2025. Whether that is a durable repricing or one strong quarter cannot be settled yet, and the first month of Q4 argues for patience. These Toyota FJ60 values deserve a careful read for exactly that reason.

What is verified: Hagerty’s index and Bring a Trailer’s sold results

Hagerty’s “Hagerty Indexes Underscore a Mixed Market” (Oct. 22, 2026, by Greg Ingold) reports the Truck and SUV Index up about 1%. Within it, the FJ60 Toyota Land Cruiser rose 10%, the Jeep Grand Wagoneer 8% and 1980s Toyota pickups 7%, while the FJ40 Land Cruiser fell 5%, the first-generation Ford Bronco 6% and the Chevrolet Series 3100 pickup 10%. Hagerty gives no dollar values for these vehicles in that section and offers no cause for any single move. It describes the broader pattern as buyers showing restraint toward historically expensive trucks and enthusiasm for newer, more drivable ones. MCC’s Oct. 23 market brief covered the index at the table level; this piece tests one line of it against sales.

To test it, we counted every sold result in Bring a Trailer’s Toyota Land Cruiser 60-Series category through Nov. 2, 2026. The category includes FJ60 and FJ62 wagons, diesel variants and modified builds, so treat the numbers as a read on the market, not an index. Quarterly medians are our own calculation from the posted sale prices.

Read against Hagerty, the Q3 median of $33,000 is 21% above the $27,159 of a year earlier and 38% above Q2’s $23,875, which lines up with a quarterly gain. It is not a record, though: Q1 2025 posted $34,750. Where Q3 does stand out is the count of $50,000-plus sales. Eight of 25 cleared that line, the most in any quarter since the start of 2024; the prior high was seven in Q1 2025. Two of the eight need flags: a TLC 4×4-modified 1990 FJ62 at $98,000 and an HJ61 turbodiesel five-speed at $80,000. Of the remaining six, four carried lift kits according to their listings.

Six comparable sales, and what each one tells you

1984 FJ60, 62k miles: $61,000 (Sept. 25, 2026)

The truck in our featured image is the cleanest high comp. The listing describes a white 1984 FJ60 with 62k miles shown, the 4.2-liter 2F inline-six, a four-speed manual, a 2-inch Old Man Emu lift and a New Mexico and Colorado history. It sold for $61,000. For context, Hagerty’s 2020 reporting on the FJ60 cited Bring a Trailer sales in 2019 of $55,000 for a 58,000-mile 1985 and $51,000 for a 59,000-mile 1984, so a comparable-mileage truck is roughly 11% higher in nominal terms seven years on, though the two are not a like-for-like pair.

1984 FJ60, 123k miles: $57,084 (Sept. 28, 2026)

Three days later, this repainted 1984 FJ60 sold for $57,084 with 123k miles, a 2-inch Old Man Emu lift, a carburetor rebuild and 42 years in California. Roughly 60,000 more miles cost the seller about $4,000 against the white truck. That is a thin mileage discount, and it suggests these trucks are being priced on presentation and sorted mechanicals more than on odometer readings.

1989 FJ62, about 92k miles: $58,326 (July 23, 2026)

The FJ62 shows 147k kilometers (about 92k miles), a 4.0-liter inline-six, an H55 five-speed manual, a two-speed transfer case and a lifted suspension. It brought $58,326, a price well above the 190k-mile automatic FJ62 that sold in October, though lift, mileage and condition differ as well.

1982 FJ60, TLC4x4 refurbishment: $85,000 (Oct. 16, 2026)

This is the highest FJ60 result of the fourth quarter so far, and it is not a clean comp. The listing shows 257k miles, about 650 miles on the build, Holley Sniper fuel injection in place of the carburetor, an H55F five-speed and a repaint in light blue metallic. The seller states TLC4x4 of Charlotte, North Carolina, completed a refurbishment in 2026 that cost more than $154,000. It sold for $85,000. A build budget is not a valuation: the market paid a strong price and still returned well under the money spent.

1990 FJ62, 190k miles: $39,750 (Oct. 31, 2026)

The most recent FJ62 result in our data is this refurbished 1990 truck with 190k miles, the 4.0-liter 3F-E, a four-speed automatic, re-arched factory leaf springs, KYB dampers and 32-inch tires. At $39,750 it sits about $18,600 below the lifted five-speed FJ62 from July and shows how much transmission, mileage and presentation separate trucks of the same generation.

1985 FJ60, one family since new: $13,000 (Oct. 18, 2026)

At the other end, this beige 1985 FJ60, purchased new by the seller’s grandparents and fitted with a Man-A-Fre performance kit on its 4.2-liter engine, sold for $13,000. The same quarter’s best trucks went for more than four times that. Any statement that “FJ60 values are up” has to survive a spread this wide.

Our interpretation: why the FJ60 and not the FJ40

Hagerty does not explain the FJ60 move, so what follows is MCC’s reading, not a finding. In its 2020 coverage Hagerty called the FJ60 the least expensive Land Cruiser in its guide, with #2 (excellent) values of $29,800 and #3 (good) of $20,400, and said Millennials and Gen X buyers accounted for about 90% of insurance quotes. A four-door wagon that, in the examples above, comes with air conditioning and front disc brakes, and that gained fuel injection in the U.S. in 1987, is an easier truck to live with than the two-door FJ40, which our own buying guide found can range from an $18,700 original to a $176,000 custom. If buyers are indeed favoring trucks they can drive, the FJ60 is the Land Cruiser that fits.

The Q3 pattern, with lifted, manual-transmission trucks leading, fits that reading. It also fits a market sorting winners from the rest, similar to the index-versus-auction gap we examined in the Mercedes 300GD and the split among 1970s 4×4s in our Scout II, K5 Blazer and Bronco comparison; Hagerty also has the first-generation Bronco down 6% this quarter.

Supply, demand and production context

Supply looks steady rather than tight: Bring a Trailer sold 28 trucks in Q2 and 25 in Q3, so the Q3 jump did not come from a thin field. The J60 series was built from 1980 through 1990 for most markets, and U.S. trucks kept the carbureted 2F engine until the fuel-injected 3F-E arrived in 1987, according to Wikipedia’s J60 entry. We did not find a reliable production total and are not citing one. Demand is the harder variable. Hagerty’s 2020 insurance-quote data points to a younger buyer base, but the October index does not publish current quote data, so we cannot say how much of the gain is new demand and how much is a few well-presented trucks.

Sustainable, temporary or inconclusive?

Inconclusive, with a lean toward real at the top end. The case for durability is that Hagerty’s index and the Bring a Trailer record point the same way, and that the top-end count exceeded every quarter since the start of 2024. The case for caution is that Q3’s median only returned to early-2025 levels, that several of the high prices went to lifted or refurbished trucks that may not generalize to stock examples, and that October’s ten sales produced a $29,125 median with a single $50,000-plus result, the TLC4x4 build. One quarter of an index and a handful of auction results do not make a trend. Hagerty’s next update will show whether the 10% holds, and it is worth watching whether unmodified, unlifted trucks begin to join the $50,000 group. We are not forecasting where prices go from here.

Method and sources

Sale prices, dates, mileage and equipment come from the Bring a Trailer listings linked above and were read on Nov. 3, 2026. Quarterly counts and medians are MCC calculations from sold results only (no-sale results excluded) and include modified trucks and diesel variants. Index figures come from Hagerty’s Oct. 22, 2026 report; 2020 values and 2019 sales come from Hagerty’s FJ60 values report (Jeff Peek). Interpretation is labeled as such.