Used Ford Explorer Prices Dropping Faster Than Other Hybrids

As Ford Authority reported back in October 2023, the Ford Explorer previously ditched its hybrid powertrain – at least, in civilian guise, as the law enforcement-focused Police Interceptor Utility continued to offer the electrified option. The refreshed Explorer launched for the 2025 model year with no hybrid either, a move that the automaker attributed to a need to reserve that type of powertrain for the popular Police Interceptor Utility, though it’s likely to return at some point. As it turns out, used Ford Explorer hybrid models are shedding value more quickly than most of its peers, too.

According to a new study from iSeeCars, the Ford Explorer was the second-fastest depreciating hybrid between February 2024 and February 2025, as it lost $4,218, or 11.7 percent of its value over that timeframe. The average used vehicle shed a mere $239 of value over this same time period, or 0.8 percent. The only hybrid that depreciated more over the past year than the Ford Explorer Hybrid was the electrified BMW 5-Series, as it dropped $6,613 year-over-year, or 16.2 percent.

The average hybrid, meanwhile, lost a mere $156 in value, or 0.5 percent, making this a very interesting data point, indeed. As Ford Authority previously reported, the Explorer Hybrid ranked ninth among the top vehicles regardless of powertrain choice when it comes to the rate of deprecation over the past year, too.

To come up with this list, iSeeCars analyzed over 1.9 million one-to-five-year-old used vehicles sold in both February 2024 and 2025, and the average listing prices of each car model were then compared between the two time periods. Overall, it seems as if there just wasn’t much movement in used vehicle pricing, however. “The average price of one-to-five-year-old used car has shifted less than $1,000 over the past year,” said iSeeCars Executive Analyst Karl Brauer. “There’s no indication prices will drop from their current levels throughout 2025 and, with tariffs looming, the price of both new and used cars could potentially rise.”