Lexus IS Pricing Analysis: Detroit, MI Market Report

Pricing Analysis by Model Year

Key Insights

• New Models at a Premium: The 2025 Lexus IS is priced at $50,600, which is +25.5% above MSRP, indicating strong demand for the latest model.
• Steep Depreciation for Older Models: The 2016 Lexus IS shows a significant drop, priced at $17,288, reflecting a -53.8% depreciation from its original MSRP.
• Best Value Year: The 2022 Lexus IS is priced at $41,530, only +1.0% above MSRP, making it a compelling option for buyers seeking a near-new vehicle.

Model Year Pricing

Pricing in Nearby Cities

Market Area: Greater Detroit Region

Key Insights

• Highest Prices in Saginaw: The city of Saginaw, MI has the highest average price at $49,550, likely due to limited inventory and higher demand.
• Lowest Prices in Mansfield: Mansfield, OH offers the lowest average price at $16,677, indicating a more price-sensitive market with potentially higher inventory.
• Price Variability Across Cities: Cities like Flint, MI ($35,914) and Lansing, MI ($36,537) show relatively high prices, suggesting regional demand differences.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• RWD Trims Dominate Listings: The 350 F Sport RWD is the most common trim with 21 listings, indicating strong demand for rear-wheel drive configurations.
• Price Premium for AWD: The 350 F Sport AWD trim, priced at $49,950, commands a significant premium over RWD trims, reflecting the added value of all-wheel drive.
• Feature-Rich Options: All trims include desirable features such as Adaptive Cruise Control and Blind Spot Monitoring, appealing to buyers looking for advanced safety and convenience.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from August 6, 2026, CarGurus experts' opinions, and generative AI.