Lexus IS 3rd Gen

Launched in 2014, the third-generation Lexus IS represented a major pivot for the brand. It shed its conservative image for an aggressive new look, defined by the large spindle grille and sharp body lines, aimed directly at German sport sedans like the BMW 3 Series. Based on a shortened GS platform, it featured a stiffer chassis and a more driver-focused cockpit, signaling a clear intent to compete on handling and performance, not just comfort and reliability.

Early models like the IS 250 and IS 350 offered V6 power, with the F Sport package being a highly sought-after option for its adaptive suspension and sportier aesthetics. The platform evolved with a 2.0L turbo engine in 2016 and a significant refresh in 2021 that updated the styling and infotainment. Collector interest peaks with the 2022+ IS 500 F Sport Performance, which shoehorned a 5.0L naturally aspirated V8 into the compact sedan, creating a modern muscle car with Japanese reliability. It's a unique proposition in its class.

The market for the third-gen IS is broad. Early IS 250s are very affordable, while clean IS 350 F Sports command a noticeable premium. The V8-powered IS 500 is the clear top of the market, often trading for near or above its original MSRP due to its rarity and enthusiast appeal. The average sale price of around $34,000 is pulled up by these desirable late-model V8s, but plenty of V6 models can be found for much less.

Prices for the 3rd Gen Lexus IS range from about $10,000 for early V6 models to over $75,000 for low-mileage, late-model IS 500 V8s.