Summary

• With 85 currently listed for sale and an average price of $48,615.00 CAD, 32.9% of 2024 Lexus IS models for sale on CarGurus are rated as good or great deals.

• 100.0% of 2024 Lexus IS models on CarGurus are accident free.

• The 2024 Lexus IS continues to attract attention with its fun-to-drive characteristics, compact design, and advanced technology enhancements introduced in the latest model.

Why it stands out

The 2024 Lexus IS is a popular choice among luxury sports sedan enthusiasts, thanks to its blend of performance, style, and technology. Positioned as the entry-level model for Lexus, it boasts a fun-to-drive experience that appeals especially to younger professionals. One of the biggest advantages of choosing the IS is its reputation for reliability and low ownership costs relative to its competitors, such as the BMW 3 Series and the Audi A4. The current generation of Lexus IS vehicles has received significant updates, including a sleek redesign for 2026 and the incorporation of advanced tech features and a comprehensive safety suite. Although it offers compact proportions, potential buyers should note the tight rear seating, which may be a drawback for families.

Other model years to consider

• 2022 Lexus IS

  • Average price: $40,816.00 CAD
  • Good/great deal percentage: 36.8%
  • User rating: 5 / 5
  • Total listings: 76

• 2023 Lexus IS

  • Average price: $44,446.00 CAD
  • Good/great deal percentage: 33.0%
  • User rating: 4.8 / 5
  • Total listings: 100

• 2016 Lexus IS

  • Average price: $23,672.00 CAD
  • Good/great deal percentage: 31.3%
  • User rating: 4.9 / 5
  • Total listings: 64

This analysis is based on CarGurus' proprietary market data from June 8, 2026, CarGurus experts' opinions, and generative AI.