2023 Lexus IS 500 Review: Exactly What You’d Expect

Chris Tonn
by Chris Tonn

Fast Facts

2023 Lexus IS 500 Premium

Powertrain
5.0-liter V8 (420 horsepower @ 7,100 rpm, 395 lb-ft @ 4,800 rpm)
Transmission
Eight-speed automatic transmission, rear-wheel drive
Fuel Economy, MPG
17 city / 25 highway / 20 combined (EPA Rating)
Fuel Economy, L/100km
14.1 city / 9.3 highway / 11.9 combined. (NRCan Rating)
Base Price
$62,770 US / $77,288 CAN
As Tested
$66,085 US / $77,685 CAN
Prices include $1,150 destination charge in the United States and $2,338 for freight, PDI, and A/C tax in Canada and, because of cross-border equipment differences, can’t be directly compared.

The sports sedan, as a concept, once stood for something very different than what we see today. It was a four-door conveyance with a bit more verve than the pedestrian trim of a similar vehicle but generally unadorned with flash and frippery. Subtle differences were a gentle head nod to those enthusiasts of a likewise mind, but an uninformed onlooker knew nothing of the differences between it and a bland family sedan.


No longer. As tastes change and more steer toward lumbering crossovers, the builders of most sports sedans feel compelled to shout both audibly and visually. Roaring, farting exhausts, garish colors, and outrageous fender flares barely covering massive wheels scream “I AM SPECIAL” on behalf of the dwindling dozens of buyers who must announce their arrival among those who can afford the monthly nut. 


Who am I to judge what one buys with the bank’s money? I’ll admit to swooning over some of Germany’s finest at times. But Lexus isn’t typically one to shout. The brand that famously balanced champagne glasses upon an engine in a commercial tends to hew firmly to the old-world belief in subtlety. Thus, this 2023 Lexus IS 500 is perhaps the most Lexus of all sports sedans.


A glance at a spec sheet might betray these notions of automotive maturity. A quad-cam five-liter V8 pumping 472 horsepower at a screaming 7,100 RPM is anything but demure. But while you can - and should - wind out the lovely Lexus at times to let it sing, this car is perfectly happy to trundle along on a commute. The IS 500 does ride a touch more firmly than the four or six-cylinder IS models, but it is never punishing. It is simply sublime to drive in any manner.

It ain’t half bad to look at, either. Again, a very nuanced upgrade of the standard IS is all that stands out here, with a bulging hood, quad tailpipes, and flat black BBS forged 19-inch wheels making a statement only to those in the know. The predator grille is as always prominent, but years of familiarity across the entire Lexus lineup have blunted the impact a bit.

I’ve lamented before about the rear seating space in the IS. Perhaps it’s down to the fact that my kids are growing, but knee room does feel a bit tight back there when I have my seat set where I need for my large frame. Just turn up the always-excellent Mark Levinson stereo - still with a CD player! - and drown out any complaints from the spoiled teens. 

Just don’t expect to fumble your way through the touchpad with anything resembling grace. I’ve a feeling that this smallest sedan In the Lexus lineup isn’t a priority with the product planners, as this interface was outdated half a decade ago. It quickly turns shiny with french fry grease and is generally awkward to use. It’s long overdue for replacement with the latest screens introduced in the NX two years ago. 

Stash spaces for pocket detritus like keys or a cell phone are similarly not up to modern standards. With the elimination of the touchpad, one could easily rearrange (says the guy NOT holding an industrial design degree) the central console to accommodate a wireless charging pad. 

But once ensconced in those buttery red leather seats with nothing but the road ahead, all else is forgotten. I had a couple of hours to explore the tertiary roads of Appalachia during my time with the IS 500, and the hills were alive with both color and with a sonorous revvy V8. That suspension, just that much more firm in commuter duty, reacts to every input with precision and grace. It’s not a track-day special that demands ten-tenths to wring out a smile. Rather, the IS 500 asks little in return for a joyful jaunt through the backwoods.

Perhaps the most fitting competitor for the 2023 Lexus IS 500 isn’t another wild sports sedan from Bavaria or parts nearby. Rather, I see this more as a refined alternative to the modern pony car. Both have presence and agility when needed, but should the need arise for hauling four adults to a business luncheon or the like, asking colleagues or the boss to clamber into the way back of a muscle coupe might be a career-limiting move. 

[Images: © 2023 Chris Tonn/TTAC.com]

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Chris Tonn
Chris Tonn

Some enthusiasts say they were born with gasoline in their veins. Chris Tonn, on the other hand, had rust flakes in his eyes nearly since birth. Living in salty Ohio and being hopelessly addicted to vintage British and Japanese steel will do that to you. His work has appeared in eBay Motors, Hagerty, The Truth About Cars, Reader's Digest, AutoGuide, Family Handyman, and Jalopnik. He is a member of the Midwest Automotive Media Association, and he's currently looking for the safety glasses he just set down somewhere.

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Comments
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3 of 43 comments
  • Zipper69 Zipper69 on Jul 05, 2023

    The design is BORING, for $60k+ I'd want to style and even a little flash!

  • Kcflyer Kcflyer on Jul 06, 2023

    New IS 500 or 3 year old LC500 for similar money?

    • 28-Cars-Later 28-Cars-Later on Jul 06, 2023

      I just happened to check two days ago, the MMR on the LC500 was in the 70s which wouldn't include a warranty or TTL.



  • Amy I owned this exact car from 16 until 19 (1990 to 1993) I miss this car immensely and am on the search to own it again, although it looks like my search may be in vane. It was affectionatly dubbed, " The Dragon Wagon," and hauled many a teenager around the city of Charlotte, NC. For me, it was dependable and trustworthy. I was able to do much of the maintenance myself until I was struck by lightning and a month later the battery exploded. My parents did have the entire electrical system redone and he was back to new. I hope to find one in the near future and make it my every day driver. I'm a dreamer.
  • Jeff Overall I prefer the 59 GM cars to the 58s because of less chrome but I have a new appreciation of the 58 Cadillac Eldorados after reading this series. I use to not like the 58 Eldorados but I now don't mind them. Overall I prefer the 55-57s GMs over most of the 58-60s GMs. For the most part I like the 61 GMs. Chryslers I like the 57 and 58s. Fords I liked the 55 thru 57s but the 58s and 59s not as much with the exception of Mercury which I for the most part like all those. As the 60s progressed the tail fins started to go away and the amount of chrome was reduced. More understated.
  • Theflyersfan Nissan could have the best auto lineup of any carmaker (they don't), but until they improve one major issue, the best cars out there won't matter. That is the dealership experience. Year after year in multiple customer service surveys from groups like JD Power and CR, Nissan frequency scrapes the bottom. Personally, I really like the never seen new Z, but after having several truly awful Nissan dealer experiences, my shadow will never darken a Nissan showroom. I'm painting with broad strokes here, but maybe it is so ingrained in their culture to try to take advantage of people who might not be savvy enough in the buying experience that they by default treat everyone like idiots and saps. All of this has to be frustrating to Nissan HQ as they are improving their lineup but their dealers drag them down.
  • SPPPP I am actually a pretty big Alfa fan ... and that is why I hate this car.
  • SCE to AUX They're spending billions on this venture, so I hope so.Investing during a lull in the EV market seems like a smart move - "buy low, sell high" and all that.Key for Honda will be achieving high efficiency in its EVs, something not everybody can do.
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