Market retention
Ford Explorer depreciation after 10 years.
A 2016 Ford Explorer is currently worth about $12,694—28% of the newest year's market value.
Observed value after 10 years
$12,694
72% below the newest year's price in this study.
Newest market year
2026
Fair price $45,988
Observed value after 10 years
$12,694
72% below the newest year's price
Value retained
28%
Of the newest year's price
Observed market data
Value retention by model year.
Each bar compares a year's current fair price with the newest Ford Explorer in this study.
2026
Newest year
$45,988 100%2025
1 years old
$41,804 91%2024
2 years old
$35,356 77%2023
3 years old
$32,873 71%2022
4 years old
$29,295 64%2021
5 years old
$25,355 55%2020
6 years old
$22,850 50%2019
7 years old
$18,776 41%2018
8 years old
$15,789 34%2017
9 years old
$14,232 31%2016
10 years old
$12,694 28%
Need the numbers behind this chart? Download the observed data and methodology (JSON).
How to read this
This study compares similarly adjusted listings from different model years today. It shows the shape of today's market—not a guarantee about a specific vehicle's future value.
Long-term estimate
12-year value outlook.
Observed rows use current listings. Later rows extend the measured annual decline and are clearly marked as projected.
| Age (yrs) | Model year | Est. miles | Resale value | Retention | Basis |
|---|---|---|---|---|---|
| 0 | 2026 | 0 | $45,988 | 100% | Market |
| 1 | 2025 | 12,000 | $41,804 | 91% | Market |
| 2 | 2024 | 24,000 | $35,356 | 77% | Market |
| 3 | 2023 | 36,000 | $32,873 | 71% | Market |
| 4 | 2022 | 48,000 | $29,295 | 64% | Market |
| 5 | 2021 | 60,000 | $25,355 | 55% | Market |
| 6 | 2020 | 72,000 | $22,850 | 50% | Market |
| 7 | 2019 | 84,000 | $18,776 | 41% | Market |
| 8 | 2018 | 96,000 | $15,789 | 34% | Market |
| 9 | 2017 | 108,000 | $14,232 | 31% | Market |
| 10 | 2016 | 120,000 | $12,694 | 28% | Market |
| 11 | 2015 | 132,000 | $10,752 | 23% | Projected |
Mileage assumes ~12,000 mi/yr. Projected values use the fitted depreciation rate and are floored at 15% of the newest year's value; they are estimates, not guarantees.
Common questions
Ford Explorer depreciation FAQ.
How fast does the Ford Explorer depreciate?
About 12.4% per year, based on a comparison of mileage-adjusted market prices across model years.
What is a Ford Explorer worth after 10 years?
A 2016 Ford Explorer is worth roughly $12,694—about 28% of the newest year's fair price.
What will a Ford Explorer be worth at 11 years old?
Projecting the 12.4%-per-year rate forward, a 11-year-old Ford Explorer (around 132,000 miles) would be worth about $10,752—roughly 23% of the newest year's value. A projection, not a guarantee.
Cross-sectional depreciation estimate from live market listings, adjusted for mileage · updated 8/2/2026. Estimates only; your car's value depends on condition, options, and location.