New Ford Explorer Hybrid for Sale nearLas Vegas, NV
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How much does the Ford Explorer Hybrid cost in today's market?
Used Ford Explorer Hybrid prices span a wide range depending on model year. Here's what the market looks like right now:
| Model Year | Current Avg. Price | Year-Round Range |
|---|---|---|
| 2022 | $29,367 | $28,825 – $34,126 |
| 2021 | $23,589 | $23,547 – $27,735 |
The Ford Explorer Hybrid's current nationwide average price is $25,537, and its nationwide average price reached a low of $25,537 over the past year.
Recently, prices have come down for the 2021 and 2022 models, making now a good time to shop recent model years.
Is the Ford Explorer Hybrid a good car?
Yes — the Ford Explorer Hybrid earns strong owner approval across the model years in the data.
The all-generations owner rating is 5/5 across every model year in the data.
25.4% of listings are priced as good or great deals.
Are Ford Explorer Hybrid models reliable?
Owners consistently rate the Ford Explorer Hybrid highly, and the available expert and owner feedback points to a vehicle that delivers strong satisfaction across the model years in the data.
- Owners rate the Ford Explorer Hybrid 5.0 out of 5 stars across all model years in the data.
For used buyers, long-term ownership risk looks manageable when you verify history, maintenance records, and condition carefully.
What should I look for when buying a used Ford Explorer Hybrid?
Across all model years, accident-free inventory is solid at 79.8% — always verify the vehicle history report.
| Model Year | Accident-Free % |
|---|---|
| 2026 | 50% |
| 2025 | 50% |
| 2024 | 82.2% |
| 2023 | 87.5% |
| 2022 | 82.7% |
| 2021 | 79.2% |
| 2020 | 74.6% |
Older model years carry meaningfully higher accident rates, so always verify the vehicle history report on pre-2021 models.
What Ford Explorer Hybrid do most buyers choose?
The Ford Explorer Hybrid years with the most listings are 2022, 2021, and 2020.
| Model Year | Total Listings | Good + Great Deals % |
|---|---|---|
| 2022 | 196 | 25.5% |
| 2021 | 183 | 24.6% |
| 2020 | 130 | 26.2% |
| 2023 | 96 | 25% |
| 2024 | 45 | 28.9% |
| 2026 | 2 | 0% |
These higher-volume years tend to draw the most attention because you have more inventory to compare and more chances to find a well-priced example. They also give you a broader mix of mileage, condition, and equipment choices.
What is the Ford Explorer Hybrid's resale value?
| Model Year | Current Avg. Price | Year-Over-Year Change |
|---|---|---|
| 2021 | $23,589 | −14.85% |
| 2022 | $29,367 | −13.83% |
Prices are down sharply in both model years shown, which creates a more favorable buying environment for used shoppers. The declines are double-digit, so you can expect meaningful savings compared with a year ago. The smaller drop in the newer model year suggests slightly stronger pricing there.
The 2022 and 2021 model years have held their value best, with the smallest year-over-year price changes.
Should I buy a used Ford Explorer Hybrid now or wait for the next model?
Buy now if:
- Price trend: The 2022 model is at −13.83% versus a year ago, and the 2021 model is at −14.85%.
- Deal availability: The 2022 model has 25.5% good and great deals, and the 2021 model has 24.6%.
- Sweet-spot year: The 2022 model has the most listings at a current average price of $29,367.
If you're buying used today, the 2022 model year offers the best mix of value and availability. If you want the newest version, it may be worth waiting for the next model year's inventory to build up.
These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
Ford Explorer Hybrid Trims
| Trim type | MSRP |
|---|---|
| 2026 Police Interceptor Utility AWD | $48,550 |
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
Ford Explorer Hybrid Price Trends
CarGurus tracks the prices of millions of car listings every year. See how the average price of prices has changed over time.
See more price trendsFord Explorer Hybrid Pricing Analysis
Pricing Analysis by Model Year
Key Insights
- Significant Depreciation: The 2025 Ford Explorer Hybrid shows a current average price of $35,047, reflecting a 29.5% depreciation from its MSRP, indicating a strong initial drop in value.
- Best Value Year: The 2022 model is priced at $29,269, which is 29.8% below its MSRP, making it a compelling option for budget-conscious buyers.
- Older Models Offer Deep Discounts: The 2020 model is the lowest priced at $21,089, representing a 48.1% depreciation, highlighting the steep decline in value for older vehicles.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2025 Ford Explorer Hybrid | $49,515 | $35,047 | -29.5% |
| 2023 Ford Explorer Hybrid | $47,165 | $32,880 | -30.4% |
| 2022 Ford Explorer Hybrid | $41,110 | $29,269 | -29.8% |
| 2021 Ford Explorer Hybrid | $40,845 | $24,518 | -40.0% |
| 2020 Ford Explorer Hybrid | $40,615 | $21,089 | -48.1% |
Pricing by Popular US Cities
Market Area: Nationwide
Key Insights
- Highest Prices in Dallas: The city of Dallas, TX has the highest average price at $29,138, likely due to higher demand or lower inventory.
- Lowest Prices in Houston: Houston, TX offers the lowest average price at $21,986, suggesting a more competitive market or higher inventory levels.
- Price Variation Across Cities: There is a notable price range, with New York, NY averaging $22,154, indicating regional differences in demand and supply.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Dallas, TX | 17 | $29,138 |
| Chicago, IL | 40 | $23,361 |
| Los Angeles, CA | 20 | $24,133 |
| New York, NY | 22 | $22,154 |
| Philadelphia, PA | 19 | $22,906 |
| Atlanta, GA | 20 | $28,110 |
| Washington, DC | 26 | $21,277 |
| Boston, MA | 21 | $21,125 |
| Houston, TX | 17 | $21,986 |
These recommendations are based on CarGurus' proprietary market data from September 10, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
Overview
The Ford Explorer has been one of the leading family-friendly three-row SUVs since its introduction in the 1990s, though the new-ish Hybrid model fails to strike the same chord. It faces off against the likes of the Hyundai Tucson Hybrid and the Toyota Highlander Hybrid.
What’s New for the 2023 Ford Explorer Hybrid
The Ford Explorer Hybrid was introduced for the 2020 model year and has seen few changes since then. For 2023, Ford makes some tweaks to the features menu, though it’s otherwise the same as the previous model year's. Though the Explorer is a decent three-row SUV, the Hybrid model is both expensive and inefficient compared to its peers.
Design
The Explorer Hybrid fits right in with the crowd, which means it doesn’t visually stand out from the base Explorer except for some badging. It comes in numerous variations on white, gray, and black, plus some basics like red and blue. Ford includes 20-inch alloy wheels with the Limited model and 21-inch wheels with the Platinum.
Powertrain
The Explorer Hybrid features a 3.3-liter V6 engine combined with an electric motor and battery for total output of 318 horsepower and 322 pound-feet of torque. A 10-speed automatic transmission comes standard, though buyers can choose between rear-wheel drive (RWD) and four-wheel drive (4WD). Fuel economy ratings are low for the class, coming in at 27 mpg city, 28 highway, and 27 combined with RWD and 23 city, 26 highway, and 25 combined with AWD.
Interior
The Ford Explorer Hybrid can be configured to seat six or seven passengers, with a choice of second-row captain’s chairs or a bench seat. Standard features include leather upholstery, heated and ventilated front seats, heated second-row seats, and a hands-free power lift gate. Options include a center console between the second-row buckets, premium leather with diamond quilting, power-folding third-row seats, and massaging front seats. A twin-panel moonroof is also optional.
Technology
The Explorer Hybrid comes standard with keyless entry, push-button start, an 8-inch touchscreen, Apple CarPlay, Android Auto, wireless device charging, a Wi-Fi hot spot, and a 12-speaker Bang & Olufsen audio system. Available upgrades include a 10.1-inch vertical touchscreen, a 12.3-inch digital instrument cluster, and an upgraded Bang & Olufsen stereo with 14 speakers.
Safety
Ford equips the 2023 Explorer Hybrid with the Co-Pilot360 Assist+ package, which bundles adaptive cruise control, forward-collision warning, automatic emergency braking, lane-keeping assist, evasive steering assist, active parking assist, and automatic high-beam headlights. The Insurance Institute for Highway Safety (IIHS) has awarded this generation of the Explorer Hybrid a Top Safety Pick+ rating. It hasn’t yet been fully tested by the National Highway Traffic Safety Administration (NHTSA), but the model did receive a full five stars in that organization’s side crash testing and four stars in rollover testing.
Pricing
As of this writing, the 2023 Ford Explorer Hybrid is priced at $53,070 for the base Limited model, with another $2,000 for 4WD. The top-tier Explorer Platinum Hybrid starts at $53,820 and again, 4WD costs $2,000. Other notable options include a twin-panel moonroof for $1,695 and a trailering package for $545. The Ford Explorer Hybrid is available now.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
