Lexus IS Pricing Analysis: Indianapolis, IN Market Report

Pricing Analysis by Model Year

Key Insights

• Recent Models Retain Value: The 2023 Lexus IS is priced at $41,298, which is approximately 3.0% above MSRP, indicating strong demand for the latest model.
• Significant Depreciation for Older Models: The 2017 Lexus IS shows a steep decline, with an average price of $16,863, reflecting a depreciation of ~55.3% from its original MSRP.
• Best Value in 2021 Model: The 2021 Lexus IS is priced at $33,900, which is about 13.5% below MSRP, making it a compelling option for budget-conscious buyers.

Model Year Pricing

Pricing in Nearby Cities

Market Area: Indianapolis Region

Key Insights

• Lowest Prices in Lafayette: The city of Lafayette, IN offers the lowest average price at $16,312, indicating a potentially more price-sensitive market.
• Highest Prices in Jasper: Conversely, Jasper, IN has the highest average price at $35,540, which may reflect a lower inventory and higher demand for luxury vehicles.
• Moderate Pricing in Larger Cities: Cities like Columbus, IN and Cincinnati, OH show average prices around $25,259 and $23,681, respectively, suggesting a stable market with reasonable inventory levels.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• RWD Trims Dominate Listings: The 350 F Sport RWD is the most common trim with 38 listings, indicating strong demand for rear-wheel drive configurations.
• Premium Pricing for AWD Trims: The 350 F Sport AWD trim, priced at $49,950, commands a significant premium, reflecting the added value of all-wheel drive.
• Feature-Rich Options: All trims include desirable features such as adaptive cruise control and navigation, appealing to luxury buyers.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from July 2, 2026, CarGurus experts' opinions, and generative AI.