2023 Chrysler null

The 2023 Chrysler 300 has a mixed depreciation profile: it loses value faster than better-retaining mainstream crossovers, but it holds up reasonably well among large sedans because of its V6 powertrain, roomy cabin, and relatively low new-car transaction prices. KBB shows a current resale value of about $21,500 and a trade-in value of about $18,400, while Edmunds estimates a clean-condition trade-in around $19,950 and a private-party value around $22,565 for a 2023 Chrysler 300 with average mileage.

Value Summary

The 2023 Chrysler 300’s original MSRP started at about $34,295 for the base Touring trim, and upper trims ranged much higher depending on configuration. Using the $21,500 resale estimate, the model has lost roughly $12,795 from new, or about 37% of its original value, which works out to an annualized depreciation rate of about 14.5% per year.

That places the 2023 Chrysler 300 in the middle of the pack for depreciation: better than many luxury sedans, but worse than top resale performers such as Toyota and Honda products. Chrysler as a brand also shows relatively weak retention overall, with CareEdge indicating that a 2023 Chrysler typically retains about 51% of its original price on average.

Depreciation Curve Analysis

Edmunds’ curve for the 2023 Chrysler 300 shows a steep initial drop followed by slower declines as the car ages. The estimated values move from $22,111 in year one, to $20,723 in year two, $18,707 in year three, $15,586 in year four, and $12,696 in year five.

• Year 1: about $22,111, a drop of $4,531 from new.
• Year 2: about $20,723, with another $1,388 lost.
• Year 3: about $18,707, down $2,016 more.
• Year 4: about $15,586, the steepest single-year drop in the published curve.
• Year 5: about $12,696, bringing total depreciation to $13,946.

The biggest hit comes after the car leaves the new-car market and again around years four and five, when mileage, age, and competition from newer used inventory all push prices lower. Compared with the broader market, this is fairly normal for a sedan; many new cars lose around 60% of MSRP within five years, so the Chrysler 300’s curve is close to the segment average rather than unusually bad.

Value Retention Factors

The Chrysler 300 retains value better than many people expect because it offers rear-wheel-drive proportions, strong styling, and a comfortable interior that still appeals to buyers shopping for a traditional full-size sedan. It also benefits from a clear used-market identity: buyers who want a big sedan often know exactly what they are looking for.

At the same time, several factors work against resale value. The model is part of a shrinking sedan segment, fuel economy is not class-leading, and Chrysler-branded vehicles generally do not command the same loyalty or residual strength as Toyota, Honda, or Subaru products. CareEdge’s brand-level data showing 51% retained value for 2023 Chrysler models reinforces that weaker overall brand perception.

Mileage impact: The 2023 Chrysler 300 appraisal data from Edmunds is based on 12,000 miles per year, and higher mileage will push value down quickly, especially once the vehicle moves past typical 36,000- and 60,000-mile shopper thresholds.

Condition impact: Clean history, no accident record, and strong cosmetic condition matter more on this car than on some crossovers because sedan buyers are more price sensitive and have many alternatives. A well-kept, lower-mileage example can stay near the top of the pricing range, while a rough one can fall to the bottom quickly.

Market demand: Demand is steady but not strong. Used listings show the model is widely available, and that supply keeps prices from moving up quickly even when the car is in good condition.

Future Value Projections

Using the published depreciation curve as a guide, a realistic near-term path for the 2023 Chrysler 300 is continued but moderating decline. The current market value of about $21,500 suggests the model is already in the later phase of its steepest depreciation.

• 1-year projected value: about $18,700 to $19,500, assuming average mileage and no major condition issues.
• 3-year projected value: about $12,500 to $14,000, depending on mileage and trim.
• 5-year projected value: about $12,700 at the 5-year mark in Edmunds’ standard curve, with especially well-kept low-mileage cars potentially a bit higher.

The best time to sell is usually before the car crosses into the next major age bracket, ideally before 60,000 miles and before the fourth to fifth year of ownership, when the curve tends to steepen again. For owners focused on minimizing depreciation loss, selling while the car still looks and feels “late-model” generally preserves the most value.

Comparison to Competitors

Against other large sedans, the 2023 Chrysler 300 is not a depreciation leader, but it is also not an outlier. Its value loss is more favorable than many premium sedans that suffer from higher absolute dollar losses, yet it trails the best-retaining mainstream nameplates in both percentage and dollar terms.

If value retention matters most, better alternatives usually include Toyota Camry, Honda Accord, Toyota Avalon used inventory, and certain Subaru models, because those vehicles tend to command stronger used demand and lower five-year depreciation. For buyers who still want a big, comfortable sedan, the Chrysler 300 makes sense when purchase price and style matter more than long-term resale strength.

Bottom line: The 2023 Chrysler 300 is a fair depreciation buy for shoppers who want size and comfort, but it is not the best choice for anyone optimizing resale value. Its current value is solid for a three-year-old sedan, yet future losses are likely to continue at a moderate pace rather than flatten dramatically.