Summary

• With 81 currently listed for sale and an average price of $40,569.00 CAD, 34.6% 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 introduced a significant performance upgrade with the debut of the IS 500 F Sport Performance, featuring a powerful 5.0-litre V8 engine for an exhilarating drive.

Why it stands out

The 2022 Lexus IS emerges as a formidable contender in the luxury sedan market, primarily due to its impressive mix of performance and comfort. A highlight of this year's offering is the introduction of the IS 500 F Sport Performance, which boasts a robust 5.0-litre V8 engine producing 472 horsepower, marking a significant enhancement over previous models. This power is complemented by sharp handling and an energetic driving experience, making it particularly appealing to enthusiasts. Additionally, the IS is celebrated for its refined interior, which utilises high-quality materials and provides a comfortable space for passengers. Owners frequently express satisfaction with the vehicle's quiet ride, luxurious feel, and reliable performance.

Technologically, the 2022 model includes an intuitive touchscreen infotainment system and a suite of advanced safety features, underpinning Lexus's commitment to safety and user-friendliness. Although some reviewers suggested that the fuel economy could be better, the thrilling performance and overall driving experience it delivers create a compelling package that many buyers find hard to resist.

Other model years to consider

• 2023 Lexus IS

  • Average price: $44,326.00 CAD
  • Good/great deal percentage: 30.6%
  • User rating: 4.8 / 5
  • Total listings: 98

• 2016 Lexus IS

  • Average price: $23,526.00 CAD
  • Good/great deal percentage: 25.9%
  • User rating: 4.9 / 5
  • Total listings: 58

• 2024 Lexus IS

  • Average price: $46,756.00 CAD
  • Good/great deal percentage: 27.0%
  • Total listings: 89

This analysis is based on CarGurus' proprietary market data from June 15, 2026, CarGurus experts' opinions, and generative AI.