Used 2023 Ford Mustang for SaleNationwide

How much does the 2023 Ford Mustang cost?

Prices have softened 5.57% compared to this time last year, making it a favourable time to shop this model year.

There are 197 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2023 Ford Mustang a good car?

Yes — owners rate it 5/5, and that lines up with the strong enthusiasm around its performance, aesthetics, and value. Many owners also praise the driving experience, the sound system, and the convertible option, while the overview points to a car that still feels like a Mustang but adds enough refinement for everyday use. The main trade-off is that some shoppers may find it light on luxury features, so it suits you best if character and driving enjoyment matter more than plushness. With 31.5% of listings marked as good or great deals, you still have some room to shop selectively.

Is the 2023 Ford Mustang reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The owner feedback also points to a car that feels dependable and trouble-free for many shoppers, especially when it comes to the overall ownership experience and the confidence it inspires over time. That said, used buyers should still pay close attention to service records and condition, because long-term ownership risk can rise quickly if a car has been neglected or driven hard.

Is now a good time to buy a used 2023 Ford Mustang?

This looks like a moderate, selective buyer's market, so you can shop patiently and still find worthwhile opportunities.

• Deal availability: 31.5% of listings are priced as good or great deals.
• Inventory: There are 197 listings available.
• Price trend: Prices have softened 5.57% compared with last year.

If you find a listing below $42,828 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Ford Mustang's resale value?

The current average of $43,675 CAD sits slightly below last year's $46,249 CAD.

That softer pricing suggests the market has already adjusted downward, which can help you as a buyer but may limit upside if you plan to resell soon. For a future seller, the current trend means you should expect a more competitive market unless your car is especially well kept or particularly desirable. Strong condition, clear history, and the right configuration will matter more when it comes time to list.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Ford Mustang or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 31.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 5.57% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $52,302 CAD, the 2024 costs more than the current year's $43,675 CAD average.
• It brings upgraded interior and technology.

The bottom line: Choose the 2023 if you want the better value and are happy with the sixth-generation Mustang formula. Consider the 2024 if you want the newer cabin and tech and are willing to pay more; if you're price-sensitive, the 2023 is the smarter path.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.