New Ford Ranger for Sale nearMidland, ON

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

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

The Ford Ranger's current nationwide average price is $37,685 CAD, and its lowest point over the past year was $36,180 CAD. Recently, prices have come down for the 2023 and 2024 models, making now a good time to shop recent model years.

Is the Ford Ranger a good car?

Yes — the Ford Ranger is a strong used-truck choice if you want capability, everyday usability, and broad owner approval. The all-generations owner rating is 4.3/5 across every model year in the data.

Owners consistently praise its towing ability, strong performance, comfortable ride, and practical cabin space. Across the newer expert-reviewed years, the Ranger also stands out for its quiet cabin, good handling, and useful technology.

Expert reviews rate the 2020 and 2024 models among the highest across all years.

The main trade-offs are the cabin materials, which some reviewers describe as feeling cheap, along with touchscreen response and safety equipment that varies by trim and year.

30.2% of listings are priced as good or great deals.

Are Ford Ranger models reliable?

Owners consistently describe the Ford Ranger as a dependable, versatile truck with strong performance and useful capability. Review feedback also points to good fuel economy, comfortable driving manners, and solid towing strength across the range.

• Owners rate the Ford Ranger between 4 and 5 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is most manageable when you focus on well-maintained examples and avoid trucks with signs of heavy wear or poor upkeep.

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

Key things to evaluate:

• Safety package: Ford Co-Pilot 360 on the 2024 Ranger XLT and above, with forward and reverse emergency braking, auto high beams, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist.
• Infotainment: A 10-inch portrait touchscreen on the 2024 XL and XLT in Canada, with a 12-inch screen on all other trims, plus Apple CarPlay and Android Auto.
• Fuel efficiency: Fuel economy is decent at a Natural Resources Canada-estimated 11.9 litres per 100 kilometres in the city, 9.8 on the highway, and 11.0 combined with the base four-cylinder and 12.6 L/100 km city, 10.2 highway, and 11.5 combined with the V6.

Which Ford Ranger trim should I buy?

The 2024 Ford Ranger offers these trims:

• XL: The entry trim starts the range with standard 4WD and is the value-focused choice if you want the Ranger’s core capability at the lowest price.
• XLT: This is the best-value trim for many shoppers because it adds the XLT High Equipment Group, Chrome Appearance, and FX4 Off-Road packages in the tested example, along with the safety and convenience features that make the truck feel more complete.
• Lariat: This trim adds a more upscale feel with a short, widened gear selector, push-button start, automatic parallel and perpendicular parking, Pro Trailer Backup Assist, a 12.4-inch instrument panel, a 10-speaker Bang & Olufsen stereo, and 360-degree cameras.
• Raptor: The performance-focused trim adds the twin-turbo 3.0-litre V6, 2.5-inch Fox shocks, 27-centimetre ground clearance, front and rear locking differentials, and the most serious off-road hardware in the lineup.

What Ford Ranger do most buyers choose?

The Ford Ranger years with the most listings are 2020, 2021, and 2024.

These higher-volume years tend to be popular because they give you more inventory to compare, which can make it easier to find the right trim, mileage, and price combination. They also often sit in the sweet spot between newer features and more accessible used pricing.

What is the Ford Ranger's resale value?

Most Ranger model years are showing meaningful price declines, which can work in your favour if you are shopping used. The steepest drops are concentrated in older and mid-cycle trucks, while the newest model year is still moving upward. That pattern suggests stronger value opportunities in the used market for shoppers who are flexible on model year.

The 2025, 2023, and 2024 model years have held their value best, with the smallest year-over-year price changes.

Is the Ford Ranger safe?

• 2024: 6/10
• 2020: 7/10
• 2019: 5/10

The 2024 Ranger includes Ford Co-Pilot 360 on XLT and above, with forward and reverse emergency braking, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist.

For the safest used buy, the 2020 model posts the highest confirmed score of 7/10.

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

Buy now if:

• Price trend: The 2024 model is at −7.53% versus a year ago, and the 2023 model is at −4.81%.
• Deal availability: The 2024 model has 30.6% good and great deals, and the 2023 model has 31%.
• Sweet-spot year: The 2020 model has the most listings at a current average price of $29,693 CAD. The Ford Ranger offers a quiet cabin and a capable, easy-to-live-with character that suits both work and everyday driving.

Consider waiting if:

• Powertrain/efficiency: The latest Ranger offers a standard 2.3-litre turbo inline-four with 270 horsepower and 310 pound-feet, an optional 2.7-litre twin-turbo V6 with 315 hp and 400 lb-ft, and fuel economy of 11.9 litres per 100 kilometres city, 9.8 highway, and 11.0 combined with the base four-cylinder.
• Tech: The latest Ranger brings a 10-inch portrait touchscreen on XL and XLT in Canada, a 12-inch screen on other trims, Apple CarPlay, Android Auto, a 12.4-inch instrument panel, and Pro Trailer Backup Assist.
• Safety: The latest Ranger adds standard forward and reverse emergency braking, blind-spot monitoring with trailer coverage, front cross-traffic braking, and evasive steering assist on XLT and above.
• Starting price: In Canada, the 2024 Ford Ranger starts at $44,165 CAD for the XL with standard 4WD, including destination.

If you're buying used today, the 2020 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.

How does the 2020 Ford Ranger compare to the 2020 Chevrolet Colorado?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.