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2023 Ford Explorer Platinum

SUV · 400 hp · 20–21 mpg combined

Sticker from

$54,220Factory MSRP, base configuration

Dealers ask

$38,718Median across 202 listings

Below sticker

$15,502The MSRP, minus the median

Overview.

At a glance

400 hp20–21 mpg combinedAWD / RWD

Good

400-hp turbo engine
5,600-lb max towing
14-speaker audio system
Ventilated front seats

Watch for

EPA-estimated 20 mpg AWD
Moonroof option costs $1,695

The 2023 Ford Explorer Platinum is a gas SUV with a 400-hp 3.0L 6-cylinder turbo engine and 10-speed automatic transmission.

Rear-wheel drive returns an EPA-estimated 21 mpg combined, while all-wheel drive returns 20 mpg combined. Maximum towing is 5,600 lbs.

The cabin seats 6 and provides 18.2 cu ft of cargo space. Standard comfort features include leather upholstery, heated and ventilated front seats, heated rear seats, a heated steering wheel, three-zone climate control and a power-folding split-bench third row. Entertainment equipment includes Android Auto/Apple CarPlay and a 980-watt Bang & Olufsen system with 14 speakers and 1 subwoofer.

Standard driver-assistance features include adaptive cruise control, lane keep assist, rear cross-traffic alert, front and rear parking sensors, and front, side and rear-view cameras. The original MSRP was $54,220 with rear-wheel drive and $56,220 with all-wheel drive. The original factory warranty covered 36 months or 36,000 miles for basic coverage and 60 months or 60,000 miles for the powertrain.

Drafted with AI from this page’s data and checked against it. Highlights mark the phrases worth skimming.

Market

Dealers are asking $15,502 under sticker.

That is the median across 202 listings for this exact trim. The typical one has sat for 42 days.

Sticker$54,220

Dealers ask$38,718

−$15,502

202 listings42 days median on the lot

Own one? That is the asking price on other people's. Yours is a different number.

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34 factory options, from $40 to $1,995.

Dual-Headrest DVD Rear Seat Entertainment System$1,995

Dual Panel Moonroof$1,695

Premium Technology Package$1,295

Technology Package$995

Class IV Trailer Tow Package$545

Safe Deposit - Console Vault$400

Active Park Assist 2.0$355

Roof-Rail Crossbars$350

All-Weather Floor Mats w/Carpet Mats$200

Splash Guards$180

Cargo Area Management System$165

Cargo Mat$160

Cargo Organizer - Large$100

All-Weather Floor Liners - Third Row w/Second Row Bench Seats$95

All-Weather Floor Liners - Third Row w/Second Row Captain's Chairs$95

Engine Block Heater$90

Cargo Organizer - Standard$90

Wheel Lock Kit$80

Smoker's Package$75

Roadside Assistance Kit$70

First Aid Kit$50

Daytime Running Lights (Fleet)$45

Cargo Organizer - Soft-Sided Cooler Bag w/Adjustable Carrying Strap & Ford Logo$40

4G LTE Wi-Fi Hotspot Credit−$20

SecuriCode Delete−$45

Rear Auxiliary Controls Credit−$100

B&O Sound System by Bang & Olufsen w/HD Radio - Reduced Capacity Amplifier−$100

Second Row Heated Seat Controls Credit−$100

2nd Row Bench—

50-State Emissions System—

Cosmetic Non-Functioning Fog Lamp Credit—

Equipment Group 601A—

Hands-Free Liftgate Delete—

License Plate Bracket—

Which Explorer is right for you?

Ten trims, $36,760 to $54,220. Tap one to open it.

$36,760−$17,460Base300 hp $38,570−$15,650XLT300 hp $46,005−$8,215ST-Line300 hp $47,070−$7,150Limited300 hp $48,980−$5,240Timberline300 hp $50,005−$4,215ST400 hp $53,005−$1,215Limited Hybrid318 hp $53,820−$400Platinum Hybrid318 hp $54,075−$145King Ranch400 hp $54,220This trimPlatinum400 hp

Bar heights follow the price. The widest step is $7,435, from XLT to ST-Line.

The numbers.

Two configurations: all-wheel or rear-wheel drive, 10-speed automatic.

400hp3.0L six-cylinder turbo

415lb-ftTorque

20–21mpgCombined · 18 city · 24–26 highway

AWD / RWD10-speed automatic

6Seats

18.2 cu ftCargo volume

4,727 lbsCurb weight

5,600 lbsMax towing

136 standard items.

Five groups, sized by how much is in each.

2 interiors

Ebony
Light Sandstone

Both premium leather.

9 factory paints

Star White Metallic Tri-Coat
Forged Green Metallic
Atlas Blue Metallic
Agate Black Metallic
Stone Blue Metallic
Iconic Silver Metallic
Carbonized Gray Metallic
Jewel Red Metallic Tinted Clearcoat
Rapid Red Metallic Tinted Clearcoat

8 of the 9 are shown on the car at the top.

Safety and recalls

15 recall campaigns on file.

Recalls are settled per car, not per model. Check the one you are buying.

Check this car's historyEnter the VIN, tap one insurance quote, and the report unlocks.Check a VIN

Overall5out of 5 stars

Frontal5out of 5 stars

Side—Not rated

Rollover4out of 5 stars

NHTSA crash-test ratings for the 2023 Explorer.

NHTSA NCAP · checked Oct 2026

Factory coverage.

It runs from the first sale date, not the model year.

Basic

3 yr / 36,000 mi

Powertrain

5 yr / 60,000 mi

Rust

5 yr

Roadside

5 yr / 60,000 mi

Sold1 yr2 yr3 yr4 yr5 yr

See extended plan pricesLive prices for this car. They depend on its age and mileage.See prices

What would this Explorer cost to insure?

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