New Ford Explorer for Sale nearWinnipeg, 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 $32,629 CAD, and its lowest point over the past year was $32,211 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 pick if you want a roomy, versatile three-row SUV with broad powertrain choice and family-friendly practicality. 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, comfort, and strong performance, and many also highlight its cargo space and useful technology. Across the model years, the recurring themes are family-friendly room, confident power, and everyday versatility.

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

The main trade-offs are that some recent versions can climb quickly in price with options, and the interior presentation can feel plain relative to the vehicle’s capability. Fuel economy also comes up often as a consideration, especially on stronger powertrain versions.

29.4% 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 core strengths. The model also earns praise for its spacious cabin and family-friendly versatility across many years.

• 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 varies by year, so a careful inspection and service-history review matter most on older examples.

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

Key things to evaluate:

• Safety package: CoPilot 360+ on the 2026 Active model includes adaptive cruise control with stop-and-go and lane centring, automatic high beams, blind-spot monitor with trailer coverage and safe exit assist, rear cross-traffic alert, lane departure warning, lane keep assist, forward collision warning, automatic emergency braking, rear parking sensors, rear cross traffic braking, post-collision braking, and traffic sign recognition.
• Infotainment: 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.
• Fuel efficiency: The turbo-four engine returns a Natural Resources Canada-rated 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, CoPilot 360+ driver assistance, and the core Explorer package for buyers who want the most accessible starting point.
• ST-Line: This trim adds a sportier look with blacked-out exterior trim and bigger wheels on lower-profile tires, making it a good fit if you want style-focused presentation.
• Tremor: The off-road-focused choice adds all-terrain tires, a raised ride height, off-road lights, a Torsen limited-slip rear differential, an off-road drive mode, and steel skid plates.
• Platinum: The most luxurious trim adds leather upholstery and a more upscale cabin presentation for buyers who want the richest feel.
• ST: The performance trim adds the twin-turbo 3.0-litre V6, sport-tuned suspension, and beefier brakes, making it the best fit if you want the strongest on-road performance.

What Ford Explorer do most buyers choose?

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

These higher-volume years tend to be popular because they offer a broad mix of newer features, strong availability, and a wide spread of prices. More listings also give you more room to compare trims, equipment, and deal quality before you buy.

What is the Ford Explorer's resale value?

Most model years in the table are down year over year, which creates more opportunity for used buyers to find value. The newer years still show double-digit declines, while the older years have smaller drops, so the overall pattern favours shoppers looking for a lower entry price than before.

The 2016, 2014, and 2015 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 CoPilot 360+ on Active models, with adaptive cruise control, lane centring, blind-spot monitoring, rear cross-traffic alert, automatic emergency braking, and related driver-assist features.

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 −12.85% versus a year ago, and the 2024 model is at −17.29%.
• Deal availability: The 2024 model has 37.5% good and great deals.
• Sweet-spot year: The 2021 model has the most listings at a current average price of $29,283 CAD. The Ford Explorer offers a roomy, family-friendly cabin with broad versatility for 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, and both engines come with a 10-speed automatic transmission and standard all-wheel drive (AWD) in Canada.
• 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’s BlueCruise hands-free highway driving system is upgraded from version 1.2 to version 1.5, adding automated lane change capability.
• Starting price: Pricing starts at $54,495 for the most basic Active 100A spec.

If you're buying used today, the 2021 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 October 6, 2026, CarGurus experts' opinions, and generative AI.