Summary

• With 485 currently listed for sale and an average price of $41,056.00 CAD, 30.5% of 2023 Ford Explorers for sale on CarGurus are rated as good or great deals.

• Favourably reviewed: Owners rated the 2023 Ford Explorer 4.75 / 5 stars.

• 100.0% of 2023 Explorer models on CarGurus are accident free.

Why it stands out

The 2023 Ford Explorer continues to be a strong contender in the midsize SUV market, offering a blend of performance, comfort, and advanced technology. This generation has shifted to a rear-wheel drive platform, enhancing its handling and driving dynamics compared to earlier models. The standard 2.3-litre EcoBoost four-cylinder engine delivers a surprising 300 horsepower, making it both powerful and efficient. The Explorer also offers a hybrid variant, which combines a 3.3-litre V6 with an electric motor for improved fuel economy.

Inside, the Explorer is equipped with modern conveniences such as the Ford Co-Pilot360 suite of advanced driver-assistance systems, ensuring a safe driving experience. The spacious interior can accommodate up to seven passengers, making it an excellent choice for families. While the Explorer has faced competition from rivals like the Toyota Highlander and Honda Pilot, its combination of performance, safety features, and interior space makes it a compelling option for buyers looking for a versatile SUV.

Other model years to consider

• 2021 Ford Explorer

  • Average price: $30,538.00 CAD
  • Good/great deal percentage: 31.8%
  • User rating: 5 / 5
  • Total listings: 551

• 2022 Ford Explorer

  • Average price: $36,458.00 CAD
  • Good/great deal percentage: 31.0%
  • User rating: 4.92 / 5
  • Total listings: 546

• 2025 Ford Explorer

  • Average price: $53,682.00 CAD
  • Good/great deal percentage: 37.3%
  • User rating: 5 / 5
  • Total listings: 324

This analysis is based on CarGurus' proprietary market data from July 31, 2026, CarGurus experts' opinions, and generative AI.