Used Ford Explorer Prices Have Increased Significantly Since 2019

July 22, 2025 11:20 am

New vehicle prices have increased dramatically since the onset of the pandemic in 2020 amid production issues, rabid inflation, and sustained high demand, and so have used vehicle prices. Many consumers turned to the used market in a time when they couldn’t find new vehicles on dealer lots, which subsequently sent the values of those models skyrocketing, too. Not every used vehicle has experienced the same sort of rise, but the Ford Explorer certainly applies to this rule.

In fact, according to new data from iSeeCars, three-year old pre-owned Ford Explorer models have increased by 23.1 percent in 2025 compared to 2019 – growing from $26,576 six years ago, on average, to $32,712 today. It’s a dramatic rise, but not terribly uncommon, either. In fact, the average price of three-year-old used examples of the Ford F-150 have increased by 35.5 percent, from $31,489 in 2019 to $42,663, too.

The average price of three-year old used vehicles in general has grown 40.9 percent since the pandemic as well, from $23,159 in 2019 to $32,635 in 2025, while affordable models priced under $20k have all but disappeared. In 2019, they accounted for 49.3 percent of the three-year old used vehicle market, but today, that number has shrunk to 11.5 percent. To come up with this data, iSeeCars analyzed 2.6 million vehicles sold between January and June of 2019 and 2025, after which list prices were tallied and aggregated to compare the share of cars at various price points across the two periods.

This trend is nothing terribly new for the Ford Explorer, which has become increasingly unaffordable over the past few years, with sub-$20k used examples basically disappearing from the market nearly two years ago. However, that trend doesn’t apply to every specific model and powertrain in the lineup, either. In fact, as Ford Authority reported back in March, the Explorer was the second-fastest depreciating hybrid vehicle of any kind between February 2024 and February 2025, as it lost $4,218, or 11.7 percent of its value over that timeframe.

By Brett Foote

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.