Used Ford Explorer for Sale nearThompson, MB

How much does the Ford Explorer cost in today's market?

Used Ford Explorer prices span a wide range depending on model year. Here's what the market looks like right now:

The Ford Explorer's current nationwide average price is $32,431 CAD, and its lowest point over the past year was $32,197 CAD. Recently, prices have come down for the 2023, 2024, and 2025 models, making now a good time to shop recent model years.

Is the Ford Explorer a good car?

Yes — the Ford Explorer is a strong used SUV choice if you want space, comfort, and performance in one package. The all-generations owner rating is 4.35/5 across every model year in the data.

Owners consistently praise the Explorer for its spacious interior, comfortable ride, and strong performance. They also frequently highlight its practicality, cargo space, and useful technology, especially in family-focused trims.

Expert reviews rate the 2025 and 2026 models among the highest across all years.

The main trade-offs in recent expert reviews centre on bland styling, a nondescript interior, and pricing that can climb quickly with options.

29.7% of listings are priced as good or great deals.

Are Ford Explorer models reliable?

Owners and experts consistently point to the Explorer’s comfort, practicality, and strong performance as recurring strengths. Across the model line, the most positive feedback also centres on its spacious cabin and family-friendly usefulness.

• Owners rate the Ford Explorer between 3.0 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is most worth watching on older examples where reliability concerns and repair history matter more than the model’s core strengths.

What should I look for when buying a used Ford Explorer?

Key things to evaluate:

• Fuel efficiency: The 2026 Explorer’s turbo-four returns 10.4 litres per 100 kilometres combined (11.9 city; 8.7 highway), while V6 models are rated at 11.6 L/100 km combined (13.3 city; 9.6 highway).

Which Ford Explorer trim should I buy?

The 2026 Ford Explorer offers these trims:

• Active: The entry trim brings the standard 2.3-litre turbocharged four-cylinder, a 13.2-inch touchscreen, a 12.3-inch digital instrument cluster, wireless Apple CarPlay and Android Auto, Google Maps, Google Play Store, SiriusXM with 360L, and the CoPilot 360+ suite; it suits you if you want the core Explorer experience with strong standard equipment.
• ST-Line: This trim adds a more road-focused appearance and sits above the Active, making it a good fit if you want a sportier look with more visual presence.
• Tremor: The Tremor adds all-terrain tires, a raised ride height, off-road lights in the grille, 22 centimetres of ground clearance, a Torsen limited-slip rear differential, an off-road drive mode, and steel skid plates; it is the best-value trim if you want the Explorer’s most distinctive off-road hardware.
• Platinum: The Platinum is the most luxurious trim and adds leather upholstery, making it the right choice if you want the most upscale cabin in the lineup.
• ST: The ST adds the twin-turbo 3.0-litre V6, sport-tuned suspension, and beefier brakes, so it suits you if performance matters most.

What Ford Explorer do most buyers choose?

The Ford Explorer years with the most listings are 2022, 2021, and 2023.

Those model years tend to be popular because they combine strong availability with a broad mix of trims, features, and pricing. That gives you more chances to find the right configuration and a deal that fits your budget.

What is the Ford Explorer's resale value?

Most Explorer model years in the table are down by double digits year over year, which points to a market that has become more favourable for used buyers. The newer models also show meaningful price drops, so recent inventory can offer stronger value than you might expect. The smallest changes are still declines, which suggests the Explorer line is broadly adjusting downward rather than holding firm.

The 2016, 2015, and 2025 model years have held their value best, with the smallest year-over-year price changes.

Is the Ford Explorer safe?

• 2026: 10/10
• 2025: 9/10
• 2022: 10/10
• 2020: 8/10

The 2026 Explorer includes the CoPilot 360+ suite on Active models, with adaptive cruise control, lane centring, blind-spot monitoring, rear cross-traffic alert, lane keep assist, forward collision warning, automatic emergency braking, and more.

For the safest used buy, the 2022 and 2026 models both post the highest confirmed score of 10/10.

Should I buy a used Ford Explorer now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −12.57% versus a year ago, and the 2024 model is at −17.1%.
• Deal availability: The 2024 model has 37.1% good and great deals.
• Sweet-spot year: The 2022 model has the most listings at a current average price of $35,657 CAD. The Ford Explorer offers a spacious cabin that works well for families and everyday use.

Consider waiting if:

• Powertrain/efficiency: The standard 2.3-litre turbocharged four-cylinder engine produces 300 horsepower and 310 pound-feet of torque, while the twin-turbo 3.0-litre V6 produces 400 hp and 415 lb-ft of torque.
• Tech: A 13.2-inch touchscreen and 12.3-inch digital instrument cluster are standard on all models, along with wireless Apple CarPlay and Android Auto connectivity, Google Maps, Google Play Store, and SiriusXM with 360L satellite radio.
• Safety: Ford brought BlueCruise to the Explorer for the 2025 model year, and for 2026 it adds automated lane change capability.
• Starting price: Pricing starts at $54,495 CAD for the most basic Active 100A spec.

If you're buying used today, the 2022 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.