Summary

• With 90 currently listed for sale and an average price of $43,770.00 CAD, 33.3% of 2023 Lexus IS vehicles for sale on CarGurus are rated as good or great deals.

• Favourably reviewed: Owners rated the 2023 Lexus IS 4.8 / 5 stars.

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

• The 2023 Lexus IS continues to impress with its sporty design, smooth performance, and luxurious interior, with excellent handling that appeals to younger buyers.

Why it stands out

The 2023 Lexus IS maintains its reputation as a fun-to-drive sports sedan that stands out in the luxury compact segment. Its aesthetic appeal and dynamic performance are major selling points, with owners consistently praising the active handling and smooth ride. Many buyers appreciate the well-crafted interior, featuring high-quality materials and advanced technology that enhance the overall driving experience. The IS also boasts a robust list of standard safety features, making it a reliable choice for those seeking both style and practicality. Although some owners noted that improvements could be made to the sound system, the overwhelming consensus is that the Lexus IS offers great value for its price, especially considering its entry-level luxury status in the Lexus lineup.

Other model years to consider

• 2022 Lexus IS

  • Average price: $40,484.00 CAD
  • Good/great deal percentage: 31.1%
  • User rating: 5 / 5
  • Total listings: 74

• 2016 Lexus IS

  • Average price: $23,753.00 CAD
  • Good/great deal percentage: 32.7%
  • User rating: 4.9 / 5
  • Total listings: 52

• 2024 Lexus IS

  • Average price: $46,546.00 CAD
  • Good/great deal percentage: 32.0%
  • Total listings: 75

This analysis is based on CarGurus' proprietary market data from June 22, 2026, CarGurus experts' opinions, and generative AI.