How much does the 2023 Ford Explorer cost?

Prices have softened 4.40% compared to this time last year, making it a favorable time to shop this model year.

There are 9,723 listings available, which suggests solid inventory for shoppers comparing prices and trims.

If you find a listing below $32,155.80, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Ford Explorer a good car?

Yes — the 4.75/5 user rating points to strong owner satisfaction. The 2023 Explorer stands out as a midsize SUV that blends rear-wheel-drive-based handling with family-hauling versatility, and it adds broad appeal with available four-wheel drive and a well-equipped cabin. It also gives you strong performance options, from the standard turbo-four to the available twin-turbo V6, while still offering seating for up to seven.

With 33.1% of listings priced as good or great deals, you have a meaningful number of opportunities to shop selectively.

Is the 2023 Ford Explorer reliable?

Owners rate it 4.75/5, a strong signal of long-term satisfaction.

The 2023 Explorer’s overview points to a well-rounded SUV with a more engaging driving feel than many rivals, plus a strong mix of comfort, technology, and available capability. Its main drawbacks are that the nicest versions tend to cost more, and earlier models in the generation had more issues, so condition and maintenance history matter.

For used buyers, the biggest long-term ownership risk is ending up with a poorly maintained example, so a careful pre-purchase inspection is especially important.

What should I look for when buying a used 2023 Ford Explorer?

Accident-free inventory is solid at 89.2% — always verify the vehicle history report.

You should still check the report carefully and confirm the vehicle’s maintenance history before you buy. Prioritize a thorough inspection of the drivetrain, electronics, and interior condition, since those are the areas where a used family SUV can show wear fastest. If you’re comparing multiple listings, focus on examples with clean records and consistent upkeep rather than just the lowest price.

Is now a good time to buy a used 2023 Ford Explorer?

This is a moderate market, so you can shop selectively without expecting every listing to be a bargain.

• Deal availability: 33.1% of listings are priced as good or great deals.
• Inventory: There are 9,723 listings available.
• Price trend: Prices have softened 4.40% compared with last year.
• Clean inventory: 89.2% of listings are accident-free.

If you find a listing below $32,155.80, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Explorer's resale value?

The current average of $32,363 sits slightly below last year's $33,853.

That price movement suggests the market has eased, which can help you buy at a more favorable point if you plan to keep the SUV for several years. For future resale, a well-kept Explorer with strong equipment and clean history should remain easier to move than a neglected one, especially if you avoid overpaying today. The current pricing also gives you a better chance to preserve value if you buy near the lower end of the range.

Vehicles with strong owner satisfaction ratings, like this model year's 4.75/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Ford Explorer or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 33.1% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89.2% — always verify the vehicle history report.
• Price trend: Prices have softened 4.40% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $28,488, the 2022 costs less than the current year's $32,363 average.
• It offers broad configuration choices and a family-friendly, versatile setup.

The bottom line: If you want the stronger current-market balance of pricing, inventory, and owner satisfaction, the 2023 is the better primary target. If your priority is spending less upfront, the 2022 is the smarter secondary path because it undercuts the current-year average by a meaningful margin.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.