Ford Explorer depreciation: value by age
Value kept after 3 years
54%
- Loses 46% in 3 years.
- 2023 RWD. New: $38,355. Now: $20,800.
- Median SUV at 3 years: 63% kept.
- Value now: KBB fair price.
| Model year | Age | Trim | Original MSRP | Value now | Source | Kept | Lost | Lost per year |
|---|---|---|---|---|---|---|---|---|
| 2024 | 2 | RWD | $38,455 | $23,100 | KBB fair price | 60% | $15,355 | $7,678 |
| 2023 | 3 | RWD | $38,355 | $20,800 | KBB fair price | 54% | $17,555 | $5,852 |
| 2022 | 4 | RWD | $37,005 | $20,000 | KBB fair price | 54% | $17,005 | $4,251 |
| 2021 | 5 | RWD | $34,170 | $17,500 | KBB fair price | 51% | $16,670 | $3,334 |
| 2020 | 6 | RWD | $34,010 | $14,350 | KBB fair price | 42% | $19,660 | $3,277 |
| 2019 | 7 | FWD | $33,795 | $13,000 | KBB fair price | 38% | $20,795 | $2,971 |
| 2018 | 8 | FWD | $33,470 | $11,250 | KBB fair price | 34% | $22,220 | $2,778 |
| 2017 | 9 | FWD | $32,940 | $9,725 | KBB fair price | 30% | $23,215 | $2,579 |
| 2016 | 10 | 2WD | $32,330 | $9,225 | KBB fair price | 29% | $23,105 | $2,311 |
| 2015 | 11 | 2WD | $31,875 | $8,875 | KBB fair price | 28% | $23,000 | $2,091 |
| 2014 | 12 | 2WD | $31,285 | $7,550 | KBB fair price | 24% | $23,735 | $1,978 |
| 2013 | 13 | 2WD | $30,370 | $6,750 | KBB fair price | 22% | $23,620 | $1,817 |
| 2012 | 14 | 2WD | $29,465 | $5,500 | KBB fair price | 19% | $23,965 | $1,712 |
| 2011 | 15 | 2WD | $29,545 | $5,250 | KBB fair price | 18% | $24,295 | $1,620 |
| 2010 | 16 | XLT 4WD | $32,415 | $3,850 | KBB fair price | 12% | $28,565 | $1,785 |
| 2009 | 17 | XLT 4WD | $31,800 | $2,225 | KBB fair price | 7% | $29,575 | $1,740 |
- Biggest drop
- New to age 2: $7,678 a year.
- Values as of
- October 2026
KBB resale value by year
| Model year | 2023 | 2024 | 2025 | 2026 | 2027 KBB forecast | 2028 KBB forecast |
|---|---|---|---|---|---|---|
| 2024 | N/A | $33,423 | $31,658 | $21,400 | $18,760 | $15,379 |
| 2023 | $36,921 | $31,308 | $22,935 | $19,350 | $17,386 | $15,775 |
| 2022 | $28,857 | $22,586 | $21,303 | $18,650 | $15,713 | $13,247 |
| 2021 | $24,518 | $20,563 | $18,290 | $15,700 | $13,621 | $11,871 |
| 2020 | $21,531 | $17,106 | $15,551 | $12,750 | $11,411 | $9,997 |
| 2019 | $18,554 | $15,199 | $12,023 | $11,850 | $9,784 | $8,058 |
| 2018 | $16,396 | $13,796 | $10,829 | $10,150 | N/A | N/A |
| 2017 | $13,894 | $11,165 | $8,652 | $8,700 | N/A | N/A |
| 2016 | $12,608 | $10,251 | $8,282 | $8,200 | N/A | N/A |
| 2015 | $10,448 | $7,405 | $6,057 | $7,875 | N/A | N/A |
| 2014 | $8,952 | $7,392 | $5,745 | $6,625 | N/A | N/A |
| 2013 | $7,323 | $6,090 | $4,861 | $5,900 | N/A | N/A |
| 2012 | $7,160 | $5,775 | $4,781 | $4,800 | N/A | N/A |
| 2011 | $6,266 | $5,092 | $4,552 | $4,575 | N/A | N/A |
| 2010 | $4,634 | $3,776 | $3,687 | $3,275 | N/A | N/A |
| 2009 | $4,173 | $3,763 | $3,400 | $1,850 | N/A | N/A |
KBB resale values. 2027 and 2028 are KBB forecasts.
What this cannot tell you
Values as of October 2026. KBB and CarGurus national figures.
Mileage and condition change the value.
- 2 or more sources
- 1 source
- Model-level, rule or estimate