2023 Lexus IS: Preview, Pricing, Release Date

Joel Patel
Automotive Editor - January 26, 2022

Model Preview

The Lexus IS rolled into the 2021 model year with updated styling, improved safety features, and a more modern infotainment system. For 2022, the automaker came out with the range-topping IS 500 F Sport Performance model featuring a naturally aspirated V8 engine. With these recent changes, we believe the 2023 Lexus IS will be a carryover model.

The 2021 IS arrived with an updated look, resulting in a sharper design. With a recently updated design, we expect the 2023 IS to have the same exterior design as the current model on sale. The current IS features a stubby front end with Lexus’ massive spindle grille, angular headlights, and a short front overhang. At the back, the IS has a built-in rear spoiler, sharp taillights that are connected by a slim horizontal bar, and dual exhaust pipes.

On the inside, the current IS shows its age. As a carryover model, the 2023 IS should retain the same overall design. The center console is cluttered, featuring a dizzying number of buttons that are located in odd places. The infotainment system is perched on top of the dashboard, while an analog clock and two square vents sit directly below it. Lexus continues to fit the IS with its touchpad system that’s located behind the shift knob. The configurable instrument cluster and push-start button that’s located on the dashboard are sporty touches on the IS.

The current IS comes with an eight-inch touchscreen, Apple CarPlay, Android Auto, Amazon Alexa, a 10-speaker audio system, two USB ports, Bluetooth, a CD player, satellite radio, and an HD Radio. Available features include a 10.3-inch touchscreen, an eight-inch digital instrument cluster, a 17-speaker Mark Levinson audio system, and a digital keycard. With the 2023 IS expected to be a carryover model, these tech features should remain the same.

Lexus offers the IS with three different engines. The 2023 Lexus IS should be available with the same engines. A turbocharged 2.0-liter four-cylinder engine that makes 241 horsepower and 258 pound-feet of torque is standard. This engine is only available with rear-wheel drive (RWD). A 3.5-liter V6 engine is the next step up. In the IS 300, it makes 260 hp, while in the IS 350, it’s rated at 311 hp. Lastly, there’s the 5.0-liter V8 engine. It generates 472 hp and 395 lb-ft of torque and routes its power to the rear wheels. IS models with RWD come with an eight-speed automatic transmission, while AWD models utilize a six-speed automatic.

The IS impresses with its list of standard safety features. Automatic emergency braking, forward collision warning, pedestrian and cyclist detection, rear cross-traffic alert, blind-spot monitoring, lane-keeping assist, lane departure warning, traffic sign recognition, and adaptive cruise control are standard. Available safety features include a surround-view parking camera and parking sensors. These features should remain the same for the 2023 model year.

Pricing & Release Date

New model years from Lexus tend to arrive in the fall. With that being said, we expect the 2023 Lexus IS to go on sale in fall 2022.

As a carryover model, the 2023 Lexus IS should have a similar price range to the 2022 model. Pricing for the 2023 IS should range from $39,850 to $62,075 (with destination).

The 2023 Lexus IS will compete against the Genesis G70, Mercedes-Benz C-Class, BMW 3-Series, and Audi A4.

Pictured: 2021 Lexus IS

2022 Model Available

New Car Quick Quote

Please select a model

Get Your Price

Model Years


Find Your New Lexus IS On CarsDirect

Price It New

Insider Information

We have information you must know before you buy the IS. We want to send it to you, along with other pricing insights.


I agree to receive emails from CarsDirect. I understand that I can unsubscribe at any time.
We will not spam you, and will never sell your email. Privacy Policy.

Thank you. You are now subscribed to our Pricing Insider updates.

Buying With CarsDirect

We have partnered with trusted dealers in your area to give you a great price on the new Lexus IS.
This is how it works:

  • We connect you to the Internet Department at a Trusted Dealership.
  • Use the CarsDirect Target Price as a tool in your negotiation.
  • The dealer will help you with financing or leasing, as well as trade-in options.

Lexus IS By Year

COPYRIGHT 1999-2022 MH Sub I, LLC dba