Ford Explorer 5th Gen

The 5th generation Explorer, launched for the 2011 model year, represented a fundamental shift for the iconic nameplate. It moved from a traditional body-on-frame truck chassis to a unibody platform shared with the Ford Flex and Taurus. This change transformed the Explorer into a more comfortable, car-like crossover with improved fuel economy and on-road manners. Powertrain options included a standard 290 hp 3.5L V6, an optional 2.0L (and later 2.3L) EcoBoost 4-cylinder, and the potent 365 hp 3.5L twin-turbo EcoBoost V6 in the popular Sport trim.

As a modern, high-volume SUV, the 5th gen Explorer isn't a collector vehicle in the traditional sense. It's currently a depreciating asset whose value lies in its utility and features-per-dollar. The performance-oriented Sport and luxurious Platinum trims have the most long-term enthusiast appeal, but even these are plentiful on the used market. For now, it's a practical and affordable choice for a 3-row family vehicle with available all-wheel drive.

The market for these Explorers is squarely in used-car territory. With 22 recent sales averaging just under $7,000, most examples trading hands are early, higher-mileage, or base-trim models. The low end of the market under $2,000 often represents vehicles needing significant repairs, while the top end near $14,500 captures well-kept, later-year Sport or Limited trims.

Prices range from $1,050 for project-level vehicles to $14,500 for well-maintained, higher-spec examples.