Used 2023 Ford Ranger for Sale nearLondon, ON

How much does the 2023 Ford Ranger cost?

Prices have softened 4.66% compared to this time last year, making it a favourable time to shop this model year.

There are 110 listings available, which gives you a modest amount of inventory to compare before you buy.

Is the 2023 Ford Ranger a good car?

Yes — 4.5/5 is a strong user rating for a midsize pickup that focuses on capability and practicality. The Ranger’s appeal comes from being a straightforward work truck with strong payload credentials, a maximum towing capacity of 3,400 kilograms when properly equipped, and an off-road-friendly character. It also brings useful modern safety features while keeping the formula simple and familiar, which can suit you well if you want a truck that does the job without unnecessary complexity.

With 29.1% of listings marked as good or great deals, you have a decent chance of finding a competitively priced example.

Is the 2023 Ford Ranger reliable?

Owners rate it 4.5/5, a strong signal of long-term satisfaction.

The Ranger’s reliability story is tied to a practical, proven setup and a generation where the biggest trouble spot was the 2019 debut model rather than the whole run. Its straightforward turbocharged 2.3-litre four-cylinder and ten-speed automatic are part of a familiar package, and the truck’s appeal is rooted in durability-minded usefulness. For used buyers, that means the main long-term ownership risk is less about the 2023 model itself and more about finding one that has been maintained properly and not worked harder than its history suggests.

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

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

• Deal availability: 29.1% of listings are priced as good or great deals.
• Inventory: There are 110 listings available.
• Price trend: Prices have softened 4.66% compared with last year.

If you find a listing below $39,101 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Ranger's resale value?

The current average of $40,222 CAD sits slightly below last year's $42,188 CAD.

That softer pricing suggests the Ranger has become a bit easier to buy used, which can also mean future sellers may need to price more competitively to stand out. If the market continues to favour shoppers, resale values may stay under pressure in the near term. Even so, a truck with broad usefulness and strong demand from practical buyers can still hold its appeal better than a less versatile alternative.

Vehicles with strong owner satisfaction ratings, like this model year's 4.5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Ford Ranger 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:

• 29.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 4.66% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $47,021 CAD, the 2024 costs more than the current year's $40,222 CAD average.
• It brings more power, technology, refinement, space, and choice.

The bottom line: The 2023 is the better value if you want a capable midsize truck at a lower used price and can live with its simpler cabin. If you want the newer generation’s broader capability and are willing to pay more, the 2024 is the stronger upgrade path; price-sensitive buyers should focus on the 2023.

How does the 2023 Ford Ranger compare to the 2023 Chevrolet Colorado?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 3, 2026, CarGurus experts' opinions, and generative AI.