Is the $40,991 price on this 2023 Lexus IS a good deal?

OAV rates this as Fair Price because the asking price of $40,991 is within the typical market range for this vehicle.

How long does a 2023 Lexus IS typically stay on dealer lots?

Comparable Lexus IS listings in CA spend an average of 76 days on dealer lots.

Where is this 2023 Lexus IS located?

This vehicle is listed in Cerritos, CA 90703. VIN: JTHGZ1B28P5070656. Mileage: mileage not reported.

What is the fair market price range for this 2023 Lexus IS?

OAV's Price-to-Market analysis estimates the fair market range is $32,000 to $45,080, based on 79 comparable listings matched to this vehicle.

2023 Lexus IS 350 F SPORT for Sale in Cerritos, CA

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Vehicle Details

VINJTHGZ1B28P5070656

Trim350 F SPORT

Exterior ColorSilver

DrivetrainRWD

Engine3.5L V6

TransmissionAutomatic

Fuel TypePremium Unleaded

Inventory Typeused

Days on Lot33

350 F SPORT

Fair Price

$40,991Mileage not verified

Cerritos, CA 90703

Is this 2023 Lexus IS 350 F SPORT a good deal?

OAV verdict: Fair Price

Why: Listed at $40,991, comparable market range $32,000–$45,080, based on 79 comparable listings. Days on lot: 33 days (market average 76 days).

Market price position

$40,991 · within market range

Comparable range: $32,000 – $45,080
vs. market: $8,991 above low · $4,089 below high
Comparable vehicles: 79

Market Retail Price (MRP™)

$38,540

This vehicle $40,991 · $2,451 (6%) above MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$43,555

This vehicle $40,991 · $2,564 (6%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-08-12) — an estimate, not an appraisal. How TRV works.

Comparable vehicles nationally recently sold in an estimated 14–48 days.

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges are rebuilt from the market snapshot shown above.

Regional Range$32,000 – $45,080

Cerritos Auto Square

Cerritos, CA

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Request availability and out-the-door price

OAV will route your inquiry to Cerritos Auto Square for current availability of this 2023 Lexus IS 350 F SPORT and an out-the-door price quote (taxes, fees, addons included).

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2023 Lexus IS

Listing updated: Aug 12, 2026

Listed by a franchise dealer in Cerritos, CA · On lot for 33 days · VIN verifiable at NHTSA

This used 2023 Lexus IS 350 F SPORT is listed at $40,991 by cerritos auto square in Cerritos, CA 90703. The exterior color is Silver. It features a RWD drivetrain with a 3.5L V6 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Fair Price — priced at market value. Based on 79 comparable listings matched to this vehicle, the estimated market range is $32,000 to $45,080. These comparisons match year, make, and model and may currently span trims and configurations (trim-level matching is rolling out).

This vehicle has been on the lot for 33 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477).

Market context

This listing is part of OAV's broader Cerritos, CA sedans market analysis. OAV compares vehicles using local and regional price-to-market ranges, days-on-lot, comparable count, and demand signals where available.

How this deal is rated

OAV compares this 2023 Lexus IS against similar vehicles currently available in the local and regional market — same make, model, and year range (currently across available trims and configurations; trim-level matching is rolling out), filtered for comparable mileage. Based on where this listing falls in that comparable set, it is rated:

Great Deal — priced below the typical range for comparable vehicles.
Fair Price — priced within the expected range for comparable vehicles.
Overpriced — priced above the typical range for comparable vehicles.

Listings show OAV's PTM-derived deal quality and live market context. OAV-claimed dealers manage their listing profile and route buyer inquiries directly. Paid OAV partners surface additional verification signals.

How this listing is verified

This vehicle listing was aggregated from a franchise dealer in Cerritos, CA, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN JTHGZ1B28P5070656 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented methodology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is processed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2023 Lexus IS Market in CA

CA Market Listings

353

Average Price

$43,315

Price Range

$24,995–$73,881

Avg Days on Lot

Based on all 353 2021-2025 Lexus IS listings in the CA market, the average asking price is $43,315. This listing at $40,991 is $2,324 below the broader CA average (5% below the CA average). This is a wider, all-trim comparison across CA; OAV's price verdict above uses the closer comparable set. Comparable prices in CA range from $24,995 to $73,881. Similar vehicles spend an average of 76 days on dealer lots in this market.