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Will there be a 2023 Lexus IS?

Yes. The 2023 Lexus IS was released, continuing the refreshed second-generation lineup with IS 300, IS 350, and the high-performance IS 500 F Sport in many markets. It did not debut a new generation, but carried forward refined features and options.

What to know about the 2023 model year

The 2023 IS carried over the established layout from the previous years, offering a choice of three main variants and Lexus’ emphasis on a balanced blend of comfort and performance. Here are the core variants and how they typically differ.

IS 300

The IS 300 is the entry-level model powered by a turbocharged 2.0-liter inline-four. It offered rear-wheel drive as standard with all-wheel drive available, paired with an eight-speed automatic transmission. This configuration prioritizes everyday usability and efficiency while maintaining Lexus refinement.

IS 350

The IS 350 sits in the middle of the lineup with a 3.5-liter V6. Like the IS 300, it could be ordered with RWD or AWD and used an eight-speed automatic. It delivers stronger acceleration and a more traditional V6 character while preserving comfort and smooth ride quality.

IS 500 F Sport

The IS 500 F Sport is the performance-focused variant, powered by a 5.0-liter V8. It was available with rear-wheel drive and featured upgraded suspension tuning, brakes, and styling cues that differentiate it from the four-cylinder models while maintaining Lexus’ luxurious interior ambiance.

Design, technology, and features

For 2023, Lexus kept the IS aligned with its luxury-sport mission. Buyers could expect a comprehensive suite of driving aids and safety tech across the lineup, modern smartphone integration, and the brand’s infotainment system with trim-dependent options. Interior materials and color choices varied by market and trim, offering a refined feel with practical daily usability.

Pricing and availability

Pricing in 2023 varied by trim and optional equipment. In many markets, the IS 300 started in the low to mid $40,000s, the IS 350 sat higher in the same range, and the IS 500 F Sport approached or exceeded the $60,000 mark depending on packages and regional pricing. Exact figures depend on local taxes, incentives, and dealer configurations. For precise numbers, consult the official Lexus site or your local dealership.

Buying tips and test driving

If you’re considering a 2023 IS, here are practical steps to help you decide and purchase confidently.

Test drive all three variants (IS 300, IS 350, IS 500) to evaluate performance differences, ride comfort, and handling characteristics.

Compare standard features and optional packages across trims to understand total cost of ownership and value.

Ask about certified pre-owned options if a new model is out of reach; CPO IS vehicles often come with extended warranties and inspections.

Check for any regional incentives, dealer discounts, and seasonal promotions that can affect final pricing.

In short, the 2023 IS lineup provided a broad spectrum of choices within a single generation, letting buyers tailor performance, technology, and luxury to their preferences and budget.

Summary

The 2023 Lexus IS offered a cohesive, refinements-focused continuation of the current generation, with IS 300, IS 350, and IS 500 F Sport covering a broad spectrum of needs—from practical daily driving to high-performance driving dynamics. While not a new generation, the 2023 IS remained competitive in the luxury sport sedan segment thanks to its balanced comfort, hallmark Lexus quality, and a range of features to suit different buyers. For those seeking a model-year-accurate snapshot, checking with a local dealer or Lexus’s official site will provide the latest availability and pricing.

Will there be a 2026 Lexus IS?

Yes, a 2026 Lexus IS will be released in early 2026, featuring a redesigned exterior, a restyled interior with an updated infotainment system, and new safety features. The IS 500 model has been discontinued, and the lineup is reduced to the IS 350 (available in rear-wheel drive or all-wheel drive) and the IS 300H hybrid (in rear-wheel drive).

This video provides a detailed look at the exterior and interior design changes of the 2026 Lexus IS: 59sKirk KreifelsYouTube · Sep 9, 2025
Key updates for the 2026 model

Exterior: The signature look has been refined with a redesigned exterior.
Interior: The cabin features a new instrument panel, center console, and trims. It includes a 12.3-inch digital instrument cluster and a 12.3-inch central touchscreen display, along with physical climate control buttons.
Technology: The latest multimedia system is included, and standard features now include Apple CarPlay, Android Auto, and Amazon Alexa.
Safety: The updated model comes standard with new and improved safety features, including the Lexus Safety System+.
Lineup: The previous IS 500 model has been discontinued. The 2026 lineup includes the IS 350 and the IS 300H hybrid.

This video discusses the performance aspects and technology updates of the 2026 Lexus IS 350: 28sDPCcarsYouTube · Oct 14, 2025

Is there going to be a 2025 Lexus IS?

What's New for 2025? To celebrate the IS's 25th year, Lexus is offering two limited-edition models of the top-spec IS500 F Sport Performance. The Special Appearance model will be limited to only 180 units, and all come painted Flare Yellow and wearing cool-looking 19-inch BBS wheels.

Is Lexus discontinuing the IS model?

Yes, Lexus is discontinuing the current generation of the IS sedan, with production ending in November 2025. However, this is not the end of the model line, as a new-generation IS is expected to debut for the 2026 model year, likely with updated design and new electrified options. The closely related RC and RC F coupes are also being discontinued.

This video discusses the discontinuation of several Lexus models, including the IS: 53sBembliYouTube · Aug 5, 2025
Current generation IS

End of production: Production of the IS 300, IS 300h, IS 350, and IS 500 will end in November 2025.
Discontinuation of related models: The RC 300, RC 300h, RC 350, and RC F coupes will also end production around the same time.

Future of the IS

New generation: A new generation of the Lexus IS is expected to be released as a 2026 model.
Updated design: The new model will feature a revamped design with cues from the Toyota Crown.
Electrified options: The next-generation IS will likely have a greater focus on hybrid powertrains.

You can watch this video to see a preview of the new Lexus IS: 57sPerformance LexusYouTube · Sep 27, 2025

Is Lexus coming out with a new IS?

Lexus world premiered the new IS on Tuesday, September 9. The new model will go on sale in various markets starting in early 2026. Since its debut in 1999, the first-generation IS has embodied the pursuit of driving enjoyment as a compact FR sports sedan.

Kevin Bennett

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Kevin Bennet is the founder and owner of Kevin's Autos, a leading automotive service provider in Australia. With a deep commitment to customer satisfaction and years of industry expertise, Kevin uses his blog to answer the most common questions posed by his customers. From maintenance tips to troubleshooting advice, Kevin's articles are designed to empower drivers with the knowledge they need to keep their vehicles running smoothly and safely.