Used 2023 Hyundai Sonata for Sale nearScarborough, ON

How much does the 2023 Hyundai Sonata cost?

Prices have softened 11.08% compared to this time last year, making it a favourable time to shop this model year.

There are 117 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2023 Hyundai Sonata a good car?

Yes — 5/5 is a strong user rating for the 2023 Hyundai Sonata, and it backs up the car’s appeal as a roomy, well-equipped midsize sedan. The overview points to a modern design, a spacious cabin and trunk, and a long list of standard safety and convenience features, which makes it a strong fit if you want comfort and value in a daily driver. It also offers gas and hybrid versions in Canada, so you can prioritise efficiency or performance depending on your needs. There are 23.1% of listings priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 Hyundai Sonata reliable?

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

The overview also highlights a well-equipped, comfort-focused design with standard safety and convenience features, which can be reassuring if you want a used sedan that feels thoughtfully specified. For used buyers, the main long-term ownership risk is making sure the car has been maintained properly, especially if you are considering one of the more performance-oriented or higher-output versions.

Is now a good time to buy a used 2023 Hyundai Sonata?

This looks like a moderate buyer’s market, so you can be selective without expecting every listing to be a bargain.

• Deal availability: 23.1% of listings are priced as good or great deals.
• Inventory: There are 117 listings available.
• Price trend: Prices have softened 11.08% compared with last year.

If you find a listing below $24,030 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Hyundai Sonata's resale value?

The current average of $24,314 CAD sits slightly below last year's $27,344 CAD.

That kind of decline can make the car more attractive to you as a buyer today, but it also means a future seller may face a softer pricing environment than someone who bought earlier. If the market stays steady, the current price level could help support demand from shoppers looking for a well-equipped midsize sedan at a more approachable entry point. 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 Hyundai Sonata 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:

• 23.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 11.08% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $22,021 CAD, the 2022 costs less than the current year's $24,314 CAD average.
• It offers strong value and quality.

The bottom line: Choose the 2023 if you want the stronger current-market balance of price, inventory, and owner satisfaction. If your priority is spending less upfront, the 2022 is the better value-focused alternative.

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