Although the Lexus IS 300, 350, and 500 are fundamentally unchanged for 2024, they do come with a few new design options that may appeal to buyers. However, that novelty comes at the cost of moderate price increases across the range.
As ever, the IS range starts with the 300. The model continues to be powered by a familiar 2.0-liter turbocharged engine that makes 241 hp (180 kW/244 PS) and 258 lb-ft (350 Nm) of torque for RWD models, or a 3.5-liter V6 that makes 260 hp (194 kW/264 PS) and 236 lb-ft (320 Nm) of torque for the AWD model. IS 300 prices start at $41,235 (all prices include $1,150 delivery fee) for 2024, which is a modest increase of $650.
However, the IS 300 also comes with new options in the coming year. Lexus has added the F Sport Design grade to both the RWD and AWD models. This adds styling elements like 19-inch F Sport alloy wheels, and F Sport Design badging. It carries an MSRP of $43,235.
Buyers who want style inside and out can opt for the IS 300 F Sport. It gets the same exterior styling, along with heated/ventilated front seats, aluminum pedals, a heated steering wheel, and other F Sport interior enhancements. Prices for the model start at $44,905.
Moving up the range, the IS 350 is also powered by the 3.5-liter V6, but it gets 311 hp (232 kW/315 PS) and 280 lb-ft (380 Nm) of torque whether it’s equipped to the rear or the all-wheel-drive model.
For the F sport trim, a new Blackout Package has been added in 2024. To order the package, buyers must also get the Handling Package, but it dds 19-inch matte black BBS forged alloy wheel, black side mirrors with dark chrome trim, dark chrome window trim, and seat position memory. Prices for the IS 350 start at $44,410, which is an increase of $750 over the 2023 model.
Read: 2026 Lexus IS Could Morph Into An EV In Sedan And Shooting Brake Forms
Finally, the IS 500 is the model with the biggest price increase. Starting at $60,020, the model costs $1,750 more than it did last year. Once again, power comes from a 5.0-liter V8 that makes 472 hp (352 kW/479 PS) and 395 lb-ft (535 Nm) of torque. For 2024, the model gets standard black side mirrors with dark chrome trim, and the Incognito paint color has been added as an option.
In addition, the top model, the IS 500 F Sport Performance Premium, will be offered with the Special Appearance Package. It adds Blue Vector paint, 19-inch matte black BBS forged alloy wheels, as well as blue stitching throughout the cabin. Just 150 examples of the car will be offered with the package in the U.S.
Regardless of what model buyers select, the IS family will be available in Ultra White, Eminent White Pearl, Cloudburst Gray, Iridium, Incognito, Caviar, Matador Red Mica, Infrared, Grecian Water, and Ultrasonic Blue Mica. The 2024 model will go on sale later this fall.
