30 model years · 56,456 listings tracked

Ford Explorer depreciation

$50,885
6,829 listings
$22,525
5-model-year price gap
less than the 2027
$28,360
3,780 listings

The 2022 typically asks 44% less than the 2027 in this snapshot, across 5 model years.

The 2002 Ford Explorer asks about 90% less than the 2027 across 25 model years — the curve below tracks every year from 2027 to 2002, priced from 56,456 live dealer listings.

These are current dealer asking prices for different vehicles, not a forecast, original MSRP comparison or final sale prices. Mileage, trim, condition and generation changes can affect the gap.

◷ Updated September 9, 2026 ▤ National asking prices, refreshed daily

2027 Ford Explorer — a typically priced live listing
2027 · live listing photo

What the Ford Explorer depreciation curve means for buyers

Where are asking-price differences largest?

First 3 model years (2027→2024)
$5,235 a year
The 5 model years after that (2024→2019)
$3,518 a year
the early years
1.5× steeper

The asking-price gap per model year is larger between 2027 and 2024 than between 2024 and 2019. These are different listing samples, not one car's price history.

Priced from 6,829 and 1,196 live listings.

Which single model year costs the most to skip?

2026 typical
$49,975
2025 typical
$39,836
one year of age
$10,139

20% of the 2026 price

Across the 2017–2027 model years, 2026 → 2025 is the biggest single-model-year asking-price step in this sample.

Priced from 19,427 and 3,521 live listings.

How do asking prices compare five model years apart?

2027 typical
$50,885
2022 typical
$28,360
share of newer-year ask
56%

$22,525 below the 2027 ask

A 2022 — five model years older — asks 56% of what the 2027 asks. The Share-of-baseline-ask column in the table below runs the same share for every year.

Priced from 6,829 and 3,780 live listings.

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Ford Explorer depreciation curve

  • −90%
    Asking-price difference, 2027 → 2002
  • ≈3.6%
    Price difference per model year (not a forecast)
  • −$10,139
    Steepest drop, 2026 → 2025
  • $4,525
    Cheapest model year (2003)

Typical asking price by model year, newest on the left — labels compare asking prices with the 2027. Hover a point for that year's price band.

A 2002 Ford Explorer typically lists at $4,995 — 90% below the 2027's $50,885.

$10K $20K $30K $40K $50K −31% −53% −69% −79% −84% −88% −90% −91% −91%
2027 2024 2021 2018 2015 2012 2009 2006 2003 1998
Year Typical price Share of baseline ask vs. next-newer year Avg. mileage Listings
2027 $50,885 100% 59 6,829
2026 $49,975 98% −$910 750 19,427
2025 $39,836 78% −$10,139 21,872 3,521
2024 $35,180 69% −$4,656 30,045 1,838
2023 $31,995 63% −$3,185 43,280 5,024
2022 $28,360 56% −$3,635 61,731 3,780
2021 $23,995 47% −$4,365 79,822 2,259
2020 $22,350 44% −$1,645 86,352 3,087
2019 $17,588 35% −$4,762 98,502 1,196
2018 $15,999 31% −$1,589 103,643 1,825
2017 $13,995 28% −$2,004 112,742 1,977
2016 $12,280 24% −$1,715 122,737 2,000
2015 $10,500 21% −$1,780 130,461 1,060
2014 $9,657 19% −$843 137,093 918
2013 $8,495 17% −$1,162 148,045 750
2012 $7,900 16% −$595 151,650 231
2011 $7,798 15% −$102 153,891 143
2010 $6,995 14% −$803 141,890 101
2009 $6,000 12% −$995 143,992 23
2008 $6,000 12% 146,132 68
2007 $5,216 10% −$784 165,004 71
2006 $4,950 10% −$266 158,359 81
2005 $4,895 10% −$55 159,236 43
2004 $5,091 10% +$196 148,531 48
2003 $4,525 9% −$566 167,975 46
2002 $4,995 10% +$470 153,783 54
2001 $3,694 7% −$1,301 154,746 12
2000 $4,988 10% +$1,294 161,038 21
1999 $4,894 10% −$94 163,327 10
1998 $4,750 9% −$144 157,767 13

Typical price is the median (or average when the median is unavailable) asking price of that model year's live dealer listings, national. Share of baseline ask is each year's asking price as a percentage of the newest year's asking price in the same group of available model years. Updated September 9, 2026.

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Frequently asked questions

How much does a Ford Explorer depreciate per year?

This snapshot does not measure annual depreciation of one car. The 2002 typically asks $4,995, 90% below the 2027's $50,885. These are different vehicles listed on September 9, 2026; mileage, trim, condition and redesigns can affect the difference.

How do older Ford Explorer asking prices compare with the newest model year?

A 2002 Ford Explorer asks about 10% of the 2027's typical asking price ($4,995 vs $50,885). The “Share of baseline ask” column in the table above shows the same share for every model year in between.

Which Ford Explorer model year is cheapest?

The 2003 Ford Explorer is the most affordable model year we track, typically listed at $4,525. Compare every year in the table above.

How many Ford Explorer model years can I compare here?

This depreciation curve covers 30 model years, from 1998 to 2027, each priced from live dealer listings and refreshed daily.

Shopping for your next car?

Check individual VINs before you buy — decode the exact trim and mileage, see every active listing, and how each price compares to the local market.