2024 Toyota Camry: Sell It Now or Keep Driving It?

The setup

You bought a 2024 Toyota Camry and now you're wondering whether to sell while the market's still favorable or keep driving it through the worst depreciation years. It's a reasonable question. The car is two years old, depreciation is real, and you're reading about supply chain disruptions and rental fleet dumping. Maybe you're thinking about cutting your losses.

But the decision to sell or keep is not about market sentiment. It's about math, safety record, and whether the vehicle you own is a known quantity or a developing problem. The 2024 Camry is old enough to have a track record with NHTSA. We pulled the data. Let's look at what owners are actually experiencing.

What NHTSA data actually shows

As of October 2026, NHTSA has 51 owner complaints on file for the 2024 Camry and 1 safety recall. Of those complaints, 4 involved a crash, 0 involved a fire, and 2 reported injuries.

For a mass-market sedan that's been on the road for more than two years, 51 complaints is exceptionally low. The most-complained-about system is STRUCTURE, with 11 complaints, followed by AIR BAGS at 6 complaints, STEERING at 5, FORWARD COLLISION AVOIDANCE at 5, ENGINE at 4, and TIRES at 4.

The one open recall is campaign 24V128000, covering SEATS. The issue is a head restraint bracket that may be insufficiently welded and may not properly restrain an occupant during a crash, increasing the risk of injury. The remedy is straightforward: dealers will replace the 60% rear seat-back frame sub-assembly, free of charge. If you haven't had this done, schedule it. If you have, you're clear.

NHTSA crash tested the 2024 Camry and gave it an overall rating of 5 out of 5 stars. Frontal crash: 5 stars. Side crash: 5 stars. Rollover: 5 stars. Rollover probability is 9.9 percent, which is excellent for a sedan with this ride height.

Now let's look at what owners are saying. One complaint filed with NHTSA reads: "The contact owns a 2024 Toyota Camry. The contact stated that the carpeting on the driver's side foot well was coming unglued on the left side, close to the brake pedal. The vehicle was taken to a local dealer to have the carpet reglued. The vehicle was rep..." That's a trim issue, not a safety crisis.

Another states: "I purchased a certified preowned vehicle from Fowler Toyota in [XXX], and after complaining multiple times about my engine being too loud, a musty smell in my trunk, the attempting to clean my trunk and me pointing out rust spots in the trunk and the smell..." Rust spots in a trunk on a two-year-old car suggest previous water intrusion or a poorly prepped certified pre-owned vehicle. It's worth noting, but it's not a fleet-wide defect pattern.

A third complaint reads: "We have purchased a used 2025 Toyota Camry from Elgin Toyota in Illinois on 2/28/2026. On Friday, March 6, 2026, at approximately 11:50 AM, my husband, [XXX], left his place of employment (Amazon in [XXX]). While traveling southbound on the interstate at..." This complaint references a 2025 model year, not the 2024, and the excerpt cuts off before describing the actual incident.

The complaint record shows normal wear-and-tear friction and the occasional dealer prep failure. It does not show a pattern of catastrophic defects, fire risk, or structural collapse. For context, many vehicles rack up hundreds of complaints in their first two years. Fifty-one is quiet.

The math

Let's say you bought the 2024 Camry new in late 2023 for $30,000 after taxes and fees. You financed $27,000 at 6.5% over 60 months. Your payment is about $528 per month.

Two years in, you've made 24 payments totaling roughly $12,672. Of that, about $3,200 went to principal and $9,472 went to interest. Your remaining balance is around $23,800.

Meanwhile, the car has depreciated. A typical midsize sedan loses 20% in year one and 15% in year two. Under that curve, your $30,000 Camry is worth about $20,400 today. You're underwater by $3,400.

Here's what that looks like:

If you sell now, you'll need to cover that $3,400 gap out of pocket or roll it into your next loan. Rolling negative equity into a new loan means you start the next car even further underwater, paying interest on money that bought you nothing.

If you keep driving, you're making payments against a known, reliable vehicle with a clean safety record. Every payment from here forward tilts the equity equation in your favor. By month 36, you'll have paid down roughly $7,800 in principal and the depreciation curve flattens significantly. You're no longer in the steepest part of the loss.

The alternative is to sell, eat the $3,400 loss, and buy another car that will immediately begin its own depreciation cycle. Unless you're moving to a cheaper vehicle or paying cash, you're just resetting the clock on the worst financial years of car ownership.

For more on the broader question of when selling makes sense, see our sell or keep guide.

What we recommend

Keep driving it.

The 2024 Camry has 51 complaints, one minor recall, zero fires, and perfect crash test scores. It is not a lemon. It is not a risk. It's a well-engineered sedan doing exactly what Camrys have done for 40 years: racking up miles without drama.

You're past the worst of the depreciation hit. Selling now locks in that loss and hands you a check for less than you owe. Keeping the car lets you drive through the depreciation valley and come out the other side with an asset you own outright.

Get the seat recall handled if you haven't already. Follow the maintenance schedule. Drive it until the loan is paid off, then drive it another five years. The complaint record suggests you'll be fine.

If you're worried about interest rates or payments, explore whether you can refinance to a lower rate. But don't sell a good car just because the market is noisy.

What would change our mind

If NHTSA opened an investigation into a safety-critical defect affecting the 2024 Camry, that would change the equation. If the complaint count tripled in the next six months and a pattern emerged around brake failure, airbag non-deployment, or engine fire, we'd revisit.

If you're spending more than $200 per month on average in non-maintenance repairs, the cost structure breaks and selling starts to make sense. But a two-year-old Camry should not be anywhere near that threshold.

If your financial situation changed and you need to shed the payment entirely, selling and moving to a cheaper car or no car could be the right move. But that's a life decision, not a vehicle-quality decision.

If a flood, collision, or title issue surfaced that would permanently tank resale value, cutting your losses early might be the play. But nothing in the NHTSA data suggests that's a common problem.

Bottom line

The 2024 Toyota Camry is not a problem vehicle. Fifty-one complaints over two years is low. One recall for a seat frame weld is manageable. Five-star crash test scores across the board mean the structure works. The complaints that do exist are about carpet glue and musty smells, not about people getting hurt.

You're underwater on the loan because all cars depreciate and you're in year two. Selling now doesn't fix that. It crystallizes the loss and starts the cycle over. Keeping the car lets depreciation slow, lets your payments catch up, and gets you to the other side where you own the thing outright.

Drive it. Fix the recall. Keep making payments. Check our market pulse if you want to track resale trends, but don't let fear of depreciation convince you to sell a solid car at the worst possible time.

Safety figures on this page come from the NHTSA public complaint and recall database for the 2024 Toyota Camry, retrieved 2026-10-14. Complaint counts reflect reports filed by owners and are not verified defect findings.