Used 2023 Ford Mustang for SaleNationwide

How much does the 2023 Ford Mustang cost?

Prices have softened 2.91% compared to this time last year, making it a favourable time to shop this model year.

There are 199 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2023 Ford Mustang a good car?

Yes — the 2023 Ford Mustang earns a 5/5 user rating, which points to very strong owner satisfaction. Owners consistently praise its performance, styling, and value, and many also highlight the sound system and convertible option. That fits a car aimed at you if you want a rear-wheel-drive sports car with broad appeal and a classic coupe-or-convertible formula. With 30.7% of listings marked as good or great deals, there is still some room to shop selectively.

Is the 2023 Ford Mustang reliable?

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

The owner feedback also points to a car that feels dependable in day-to-day use, with praise centred on performance and a trouble-free ownership experience for many shoppers. The strong satisfaction over time suggests you can count on this model year to deliver the kind of driving enjoyment buyers expect from a Mustang. For used buyers, the main long-term risk is making sure any example you consider has been properly inspected and maintained.

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

This looks like a moderate, selective buyer's market, so you can shop carefully and still find worthwhile options.

• Deal availability: 30.7% of listings are priced as good or great deals.
• Inventory: There are 199 listings available.
• Price trend: Prices have softened 2.91% compared with last year.

If you find a listing below $42,828 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Mustang's resale value?

The current average of $43,391 CAD sits slightly below last year's $44,693 CAD.

That softer pricing can help you buy more confidently now, but it also means future sellers may need to price competitively to stand out. If the market stays balanced, well-kept examples should remain attractive to shoppers who want Mustang styling and performance without paying new-car money. Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Ford Mustang 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:

• 30.7% of listings are priced as good or great deals.
• Price trend: Prices have softened 2.91% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $53,466 CAD, the 2024 costs more than the current year's $43,391 CAD average.
• It adds upgraded interior and technology.

The bottom line: If you want the better value play, the 2023 is the stronger starting point because pricing has eased and owner satisfaction is excellent. If you are willing to pay more for newer tech and a more updated cabin, the 2024 is the better alternative; otherwise, the 2023 gives you the more price-sensitive path into Mustang ownership.

These recommendations are based on CarGurus' proprietary market data from October 20, 2026, CarGurus experts' opinions, and generative AI.