Used 2023 Ford Explorer for Sale nearAjax, ON

How much does the 2023 Ford Explorer cost?

Prices have softened 13.61% compared to this time last year, making it a favourable time to shop this model year.

There are 463 listings available, which gives you a solid amount of inventory to compare before you buy.

Is the 2023 Ford Explorer a good car?

Yes — the 2023 Ford Explorer earns a 4.75/5 user rating, which supports its appeal as a midsize SUV with a more polished, more premium feel. It stands out for its rear-wheel-drive-based platform, better handling than earlier Explorers, and a broad range of powertrains and trims that let you tailor it to family use or a more engaging drive. The standard equipment list is also strong, with features like Ford Co-Pilot360, Apple CarPlay, Android Auto, and seating for up to seven passengers. With 30.5% of listings marked as good or great deals, you have a meaningful number of attractive options to consider.

Is the 2023 Ford Explorer reliable?

Owners rate it 4.75/5, a strong signal of long-term satisfaction.

The 2023 Explorer’s overview points to a well-developed platform, a broad powertrain range, and a strong equipment list, all of which can support confidence in day-to-day use. Its main drawbacks are that some higher-end features are reserved for pricier trims and that the cabin still does not feel as premium as its price suggests. For used buyers, the main long-term ownership risk is choosing a higher-trim or more complex configuration without checking maintenance history carefully.

Is now a good time to buy a used 2023 Ford Explorer?

This looks like a moderate, selective buyer’s market, so you can shop patiently but should move quickly on the best-priced examples.

• Deal availability: 30.5% of listings are priced as good or great deals.
• Inventory: There are 463 listings available.
• Price trend: Prices have softened 13.61% compared with last year.

If you find a listing below $38,908 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Explorer's resale value?

The current average of $38,908 CAD sits slightly below last year's $45,038 CAD.

That price movement suggests the market has become more favourable for buyers, which can make resale a little more competitive for future sellers. If you buy at today’s average, you may have less immediate upside than someone who bought when prices were higher. Still, a well-kept Explorer with the right trim and equipment should remain appealing to shoppers looking for a versatile three-row SUV.

Vehicles with strong owner satisfaction ratings, like this model year's 4.75/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Ford Explorer or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 30.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 13.61% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $35,758 CAD, the 2022 costs less than the current year's $38,908 CAD average.
• It offers a broad, practical family-SUV package with strong space and versatility.

The bottom line: You should lean toward the 2023 if you want the stronger current-market mix of pricing, inventory, and owner satisfaction. If your priority is saving money upfront, the 2022 is the better value path, especially if you find one with the equipment and condition you want.

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