Lexus IS Pricing Analysis: Salt Lake City, UT Market Report

Pricing Analysis by Model Year

Key Insights

• Recent Models Show Mixed Performance: The 2024 Lexus IS is priced at $45,586, which is 13.8% above MSRP, indicating strong demand for this model year despite its higher price.
• Significant Depreciation for Older Models: The 2017 Lexus IS has depreciated to $16,495, reflecting a -56.4% drop from MSRP, highlighting the steep depreciation curve for older luxury vehicles.
• Best Value Year: The 2021 Lexus IS offers the best value with an average price of $28,075, which is -28.5% below MSRP, making it an attractive option for budget-conscious buyers.

Model Year Pricing

Pricing in Nearby Cities

Market Area: Greater Salt Lake City Region

Key Insights

• Lowest Prices in Idaho: Pocatello, ID and Idaho Falls, ID both offer the lowest average prices at $9,747, indicating a potential market for budget-conscious buyers.
• Higher Prices in Provo: The average price in Provo, UT is $25,631, reflecting a stronger demand or lower inventory compared to other nearby cities.
• Inventory Levels Vary: Ogden, UT has the highest inventory with 246 listings, which may contribute to more competitive pricing in that area.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• RWD Trims Dominate Listings: The 350 F Sport RWD is the most common trim with 30 listings, indicating a strong preference for rear-wheel drive configurations in the market.
• 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 features.
• Feature-Rich Options: All trims include desirable features such as Blind Spot Monitoring and Adaptive Cruise Control, appealing to luxury buyers looking for technology and comfort.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from August 13, 2026, CarGurus experts' opinions, and generative AI.