Summary

• With 71 currently listed for sale and an average price of $40,290.00 CAD, 25.4% of 2022 Lexus IS models for sale on CarGurus are rated as good or great deals.

• Favourably reviewed: Owners rated the 2022 Lexus IS 5 / 5 stars.

• 100.0% of 2022 Lexus IS models on CarGurus are accident free.

• The 2022 Lexus IS lineup features enhanced performance with the introduction of the IS 500 F Sport Performance, boasting a powerful 5.0-litre V8 engine that delivers an exhilarating driving experience.

Why it stands out

The 2022 Lexus IS distinguishes itself with its combination of luxury and performance, making it a standout option for drivers who seek both comfort and excitement. Particularly notable is the new IS 500 F Sport Performance variant, which features a robust 5.0-litre V8 engine, generating 472 horsepower and 395 lb-ft of torque. This model is aimed at driving enthusiasts longing for a thrilling experience, harking back to the legacy of the Lexus GS F. While most rivals in this segment tend to be less expensive and lack the unique auditory experience of a V8, the IS 500 fulfills a niche. Additionally, the overall design ensures a quiet and smooth ride, while the cutting-edge features, including a revamped infotainment system and an intuitive interface, heighten the user experience. However, some owners have indicated that fuel efficiency isn't its strongest suit, which is an important consideration for potential buyers.

Other model years to consider

• 2023 Lexus IS

  • Average price: $43,594.00 CAD
  • Good/great deal percentage: 33.7%
  • User rating: 4.8 / 5
  • Total listings: 86

• 2024 Lexus IS

  • Average price: $46,425.00 CAD
  • Good/great deal percentage: 33.3%
  • Total listings: 75

• 2018 Lexus IS

  • Average price: $27,008.00 CAD
  • Good/great deal percentage: 30.2%
  • User rating: 4.29 / 5
  • Total listings: 53

This analysis is based on CarGurus' proprietary market data from June 29, 2026, CarGurus experts' opinions, and generative AI.