A 2022 Ford Explorer still asks 46% of what a 2027 one does — that's how much value it holds after 5 years. Among 17 suvs we price, that ranks #8, above the 45% class median. The steepest single-year drop comes at year 8 (−27.8%). Mileage costs it 54%: the same car reads 100k–150k instead of Under 40k miles. Calculated from 1,509 listings.
Ford Explorer value by year
The newest Explorer at under half the 2026 price is the 2021, with a median asking price of $19,998 (43% of it). A 2025 and a 2024 ask almost the same, $34,999 against $34,990, so the newer year costs next to nothing extra.
| Year | Trade-in | Median | Dealer | Listings |
|---|---|---|---|---|
| 2027 | $48,590 | $64,985 | 9 | |
| 2026 | $35,999 | $57,578 | 20 | |
| 2025 | $24,700 | $49,000 | 27 | |
| 2024 | $23,991 | $42,900 | 15 | |
| 2023 | $18,971 | $34,444 | 40 | |
| 2022 | $19,500 | $33,250 | 51 | |
| 2021 | $12,294 | $27,988 | 57 | |
| 2020 | $12,500 | $27,950 | 104 | |
| 2019 | $7,750 | $18,995 | 64 | |
| 2018 | $8,470 | $18,612 | 132 | |
| 2017 | $6,950 | $17,317 | 176 | |
| 2016 | $6,495 | $14,995 | 139 | |
| 2015 | $4,995 | $11,995 | 116 | |
| 2014 | $4,400 | $10,999 | 108 | |
| 2013 | $3,750 | $10,950 | 108 | |
| 2012 | $3,995 | $9,950 | 33 | |
| 2011 | $4,000 | $8,999 | 22 | |
| 2010 | $2,650 | $8,995 | 31 | |
| 2009 | $3,000 | $9,995 | 8 | |
| 2008 | $2,300 | $6,500 | 33 | |
| 2007 | $2,150 | $4,699 | 31 | |
| 2006 | $2,000 | $5,995 | 34 | |
| 2005 | $1,500 | $3,500 | 21 | |
| 2004 | $1,650 | $4,600 | 21 | |
| 2003 | $1,800 | $5,990 | 19 | |
| 2002 | $1,400 | $4,000 | 33 | |
| 2001 | $1,500 | $5,495 | 7 | |
| 2000 | $1,200 | $6,900 | 8 | |
| 1999 | $1,500 | $2,450 | 4 | |
| 1998 | $1,000 | $5,000 | 9 | |
| 1997 | $1,500 | $4,500 | 9 | |
| 1996 | $1,200 | $3,800 | 4 | |
| 1995 | $1,700 | $4,500 | 4 | |
| 1994 | $1,750 | $3,970 | 3 | |
| 1993 | $1,000 | $8,500 | 6 | |
| 1991 | $4,300 | $17,000 | 3 |
How the Ford Explorer depreciates
The newest Ford Explorer has a median asking price of $53,993; a 36-year-older one runs about $12,500 — roughly 77% lost over 36 years (compare the typical depreciation curve by age).
Does the Ford Explorer hold value better than its rivals?
Over the same 5 years the Jeep Grand Cherokee keeps 45%, the Ford Expedition 33% and the Chevrolet Traverse 35%, against 46% for the Explorer. The Explorer holds value better than the Jeep Grand Cherokee, Ford Expedition and Chevrolet Traverse.
The Ford Explorer market right now
Adjust your Ford Explorer value for mileage
Crossing 100k miles costs a Ford Explorer about 54% of its under-40k asking price:
Trade-in, private-party & dealer price
For a 2026 Ford Explorer: a dealer trade-in offer is around $35,999, selling private-party nets about $46,148, and a lot asks near $57,578 — a $21,579 spread on the same car.
What sellers really ask, from our own listings: for the same model year, the Explorer costs a median 5% more from a dealer than from a private seller, across the 6 recent model years with enough of both. Title, state and mileage effects are on the Ford Explorer price page.
| Model year | Private seller (listings) | Dealer (listings) | Dealer vs private |
|---|---|---|---|
| 2026 | $46,500 (6) | $46,184 (92) | −1% |
| 2025 | $49,000 (7) | $35,497 (46) | −28% |
| 2023 | $26,000 (15) | $30,950 (106) | +19% |
| 2022 | $25,900 (15) | $25,550 (132) | −1% |
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Ford Explorer value FAQ
How much is a Ford Explorer worth?
It depends mostly on the model year: in our listings the median asking price runs from $1,500 to $53,993 across 36 model years. A 2026 is worth about $46,148, the median of 20 listings.
How much does mileage cut a Ford Explorer's value?
Among Explorers from the last eight model years, those with under 40,000 miles ask a median $34,900, and those with over 150,000 miles ask $9,500; crossing 100,000 miles alone costs about 54%.
Which Ford Explorer year is the best value?
The newest Explorer at under half the 2026 price is the 2021, with a median asking price of $19,998 (43% of it). A 2025 and a 2024 ask almost the same, $34,999 against $34,990, so the newer year costs next to nothing extra.
Is a Ford Explorer cheaper from a dealer or a private seller?
Usually from a private seller: for the same model year, dealers ask a median 5% more, across 6 recent model years in our listings.
Does the Explorer hold value better than the Jeep Grand Cherokee?
Yes: over 5 years the Explorer keeps 46% of its value and the Jeep Grand Cherokee 45%, by the median asking prices of the 2027 and 2022 model years.
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