Lexus IS 3rd Gen
The third-generation Lexus IS marked a significant shift towards sporty design and driver engagement to compete with its German rivals. It's now a popular and reliable modern classic, with values ranging from affordable V6 entry points to collectible, V8-powered IS 500 models.
Lexus IS 3rd Gen sold for a median of $54,101 over the last 12 months, based on 14 auction sales; the middle 50% sold between $23,688 and $60,750. 5,709 currently for sale.
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Lexus IS 3rd Gen Specs
- Engine
- 3.5L V6
- Horsepower
- 306 hp
- Torque
- 277 lb-ft
- 0-60 mph
- 5.6s
- Top Speed
- 143 mph
- Curb Weight
- 3,571 lbs
Lexus IS 3rd Gen prices by year
| Year | Median (3 yrs) | Middle 50% | Sales (3 yrs) | For sale now |
|---|---|---|---|---|
| 2014 | $23k | – | 2 | 836 |
| 2015 | $22k | $20k–$23k | 4 | 708 |
| 2016 | $10k | – | 1 | 705 |
| 2017 | $24k | – | 1 | 457 |
| 2018 | – | – | 0 | 422 |
| 2019 | $24k | – | 2 | 286 |
| 2020 | – | – | 0 | 159 |
| 2021 | – | – | 0 | 390 |
| 2022 | $58k | – | 3 | 325 |
| 2023 | $54k | $53k–$58k | 7 | 531 |
| 2024 | $66k | – | 3 | 354 |
| 2025 | $63k | $54k–$68k | 4 | 352 |
| 2026 | – | – | 0 | 122 |
Auction sales in the last 3 years; prices leave out salvage and other branded titles.
Listings
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.
Buying Tips
- The 2.5L V6 in the IS 250 is known for carbon buildup issues. The 3.5L V6 and 2.0L turbo engines are generally considered more reliable choices.
- Pre-2021 models use a trackpad-based infotainment system that can be clunky to operate. The 2021 facelift introduced a much easier-to-use touchscreen.
- F Sport models offer more than just looks, often including an adaptive suspension, sport seats, and the LFA-inspired digital instrument cluster. They are worth the premium.
- Check the 3.5L V6 for a valley plate coolant leak, which often presents as pink crusty residue at the front of the engine near the water pump.
- The IS 500's 5.0L V8 is a very durable engine, but ensure its electronic systems and adaptive suspension are functioning correctly.
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.
10,674 Lexus IS 3rd Gen vehicles have been tracked across auctions and listings on Hypercars, with 5,709 currently live.
Data sourced from auction results and dealer and private listings, including Bring a Trailer, Cars & Bids, Mecum, RM Sotheby’s and eBay Motors. Updated daily.
Frequently Asked Questions
How much does a Lexus IS 3rd Gen cost?
Over the last 12 months, Lexus IS 3rd Gen sold for a median of $54,101 across 14 auction sales tracked on Hypercars; the middle 50% sold between $23,688 and $60,750. There are 5,709 currently for sale.
How many Lexus IS 3rd Gen listings are for sale right now?
There are 5,709 Lexus IS 3rd Gen listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.