Although it is starting to show its age, the Toyota Tacoma is still a reliable truck. It faces stiff competition from Ford's Ranger and Chevy's Colorado, but it continues to be a go-to choice for many drivers.

The Tacoma is facing some fierce competition for 2023

The Ford Ranger was only recently launched in 2019, but it's already finding a strong following. Despite its ancient roots as a truck that was available globally years before we could get our hands on it, the new 2023 Ranger will be entirely updated with macho styling andFord’s 2.3-liter turbo four-cylinder engine that produces 270 horsepower10-speed automatic transmission.

Chevy is coming out with a new Colorado that should change the game in terms of midsize trucks. This truck will have a turbocharged four-cylinder engine that can go up to 310 horsepower, and it will also have a nine-speed automatic. Not only that, but the Chevy (and its GMC counterpart, the Canyon) get an entire new frame along with updated styling and tech. We'll have to wait until mid-2023 to see this amazing new Colorado for ourselves, but Chevy is definitely making waves even now.

The Toyota Tacoma is, well, getting old

Though the Tacoma redesign happened in 2015, it's still a bestseller today. In fact, it far outsells any other truck in its class including the Jeep Gladiator and Nissan Frontier--and they're newer models!

Although the Tacoma has some impressive features, it also falls short in several areas. It's still a great value, especially in SR5 trim; however,the interior can be cramped and the ride is less comfortable than that of its competitors. Additionally, the turbocharged four-cylinder engines from other trucks are more powerful and fuel-efficient than the six-cylinder engine in Toyota's truck. The Tacoma does have one unique selling point: you can order it with a manual transmission. With most manufacturers transitioning to automatic transmissions, the Tacoma is one of the few remaining options for those who prefer manuals—especially for truck enthusiasts who enjoy off-roading or hauling large loads.

There will likely be an updated 2024 Tacoma

Some are guessing that the 2024 Tacoma will have some similarities to the recently updated Tundra in terms of style. Also like the Tundra, it might get a new engine with hybrid power. The Lexus NX350 has a 2.4-liter engine that makes 275 horsepower and 317 pound-foot of torque.

It is not difficult to envision Toyota adding that engine into this pickup truck. If you are determined on purchasing a mid-size truck now, the 2023 Tacoma does offer much. However, the next-gen Tacoma will most likely be more successful. Particularly if the brand takes adequate measures to keep its pickup truck pertinent.