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2023 Chevrolet Malibu
#8 Best Mid-Size Cars of 2023

Used 2023 Chevrolet Malibu

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2023 Chevrolet Malibu Exterior: 0
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2025
2023
Fuel Economy
30 combined mpg
Horsepower
163 hp
Engine
4-Cyl, Turbo, 1.5 Liter
Cargo Volume
15.7 cu ft
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2023 Chevrolet Malibu Review

Colin Ryan

By Colin Ryan

Updated January 30, 2025

Colin Ryan specializes in writing about new cars. He has done this for the Los Angeles Times, Variety, Kelley Blue Book, Autotrader, Popular Mechanics, Mazda and Lexus customer magazines, plus a bunch of enthusiast sites and publications. And he spent several years as a staff writer at BBC Top Gear magazine. During this zig-zag of a career trajectory, he has driven everything from budget Malaysian hatchbacks (yes, they exist) to scarily expensive Italian exotica.

Pros

  • Roomy cabin
  • Comfortable ride
  • Safety equipment

Cons

  • Old, launched for the 2016 model year
  • Underwhelming engine
  • Rivals offer more

What's New?

  • Driver aids become standard
  • 2.0-liter engine discontinued
  • Premier trim renamed 2LT

It would be premature to start writing an obituary for the midsize sedan. The Honda Accord is about to enter a new generation, the Toyota Camry is still a favorite in its class. The Hyundai Sonata and Kia K5, meanwhile, have breathed new life into the category’s traditionally unadventurous styling approach.

If we were taking bets on which car might be next for the chopping block, though, the Chevy Malibu seems an obvious contender. This generation is seven years old and things are starting to fall away. Like the more powerful engine option and various little features.

It’s hard to think who might buy a new Malibu. Government agencies, perhaps, and rental fleets. Every rival is newer and offers fresher technology. And although the pricing of the 2023 Malibu undercuts leaders like the Accord and Camry, the ownership experience and subsequent resale values tip the scales away from the Chevy.

A change of name for the top Premier trim means that the Malibu model lineup this year is LS, RS, 1LT, and 2LT.

2023 Chevrolet Malibu Pricing

2023 Chevrolet Malibu pricing starts at $20,250 for the Malibu LS Sedan 4D, which had a starting MSRP of $26,095 when new. The range-topping 2023 Malibu 2LT Sedan 4D starts at $22,111 today, originally priced from $32,595.

Original MSRP
KBB Fair Purchase Price (national avg.)
$26,095
$20,250
$27,095
$22,048
$29,195
$20,634
$32,595
$22,111

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Chevrolet Malibu models in typical condition when purchasing from a dealership. These prices are updated weekly.

Driving the Chevrolet Malibu

Out of the two drivetrains that used to be available, Chevy has stuck with a 163-horsepower 1.5-liter engine/continuously variable automatic transmission (CVT) combo and discontinued the 250-horsepower version. Which is a bit like choosing kale instead of almost any other food.

Like kale, however, it does what it’s supposed to. It’s just not an experience to be savored. And this engine makes the 2023 Malibu the least powerful car in its class. Newer midsize sedans can still achieve better fuel economy, though. And some can offer all-wheel drive.

Even so, the ride quality is comfortable, the handling is completely predictable, cabin noise levels are acceptable, and if this was all the rental car company had left, we wouldn’t demand to see the manager.

The main positive aspect is that forward collision warning with automatic emergency braking and pedestrian detection is now included in every new Malibu. Blind-spot monitoring with rear cross-traffic alert is still optional across the lineup.

In other driving-related news, an electronic parking brake is also standard.

Interior Comfort

Compare the cabin of the 2023 Malibu with something more contemporary like the Hyundai Sonata, and it’s readily apparent that automotive interior design has developed quite a bit since 2016, when this generation of Malibu debuted.

For example, all trims have an 8-inch infotainment touchscreen, which is small by today’s standards. The Sonata, by comparison, offers a 10.25-inch display and a 12.3-inch digital instrument cluster. The Malibu is not young enough to be modern, not old enough to be old-school.

The timeless quality of human accommodation, however, is another matter. The Malibu does well here, with ample space in both rows. Rear legroom is generous at 38.1 inches. And trunk space of 15.7 cubic feet is respectable for the class.

Changes this year see leather upholstery and heated rear seats no longer being offered. What used to be a leather-wrapped steering wheel is now swaddled in simulated stuff — standard in the RS and 2LT, optional in the 1LT.

In versions with cloth upholstery (all but the top trim), the map pocket at the back of the driver’s seat has been deleted. And the trunk mat becomes optional. This seems unnecessarily cheap.

Exterior Styling

Riverside Blue Metallic, Sterling Gray Metallic and Radiant Red Tintcoat are new colors for the 2023 Malibu midsize sedan, replacing similar hues.

Both Midnight and the Sport Editions offered with the top two trims feature black exterior elements. So does the Redline Edition package, but they’re enlivened with a few red accents.

The 1LT loses LED taillights as standard. They’re reinstated with any of the above packages.

Other deletions across the lineup include heated side mirrors with LED turn signals, bright sill plates, and a dark chrome grille accent.

Favorite Features

1. Wireless Apple CarPlay/Android Auto
Smartphone integration without cables is a handy convenience feature. The whole infotainment system is user-friendly and includes Wi-Fi as standard as well.

2. Keyless Entry Keypad
Optional in all but the RS model, this is a 5-digit keypad set vertically in the driver’s side door pillar. It means drivers can lock their keys in the car and go surfing or something equally key-unfriendly, yet still have access.

3. Automatic Parking Assist
Available only as an option with the top 2LT trim, this function steers the car into a parallel or perpendicular parking space. The driver handles the throttle, brakes and gear selection while keeping hands away from the steering wheel.

4. Wireless charging
Although the 2023 Chevy Malibu is some distance from the cutting edge of technology, at least the top 2LT trim has wireless smartphone charging as standard.

5. Teen Driver
When newer drivers in the family ask to borrow the keys to the Chevy Malibu sedan, a standard pre-programmable key fob can control things like audio system levels, set speed limits, and provide an in-vehicle report card.

6. Buckle to Drive
Another standard feature with young people in mind. This encourages getting into good habits by not allowing the transmission to be taken out of Park before the driver’s seatbelt is secured.

Engine & Transmission

One minor change under the hood this year is that the turbocharged 1.5-liter engine gains 3 more horsepower. The difference won’t be perceptible, but it is a little thirstier according to the Environmental Protection Agency (EPA), returning 30 mpg in the combined cycle, as opposed to 2022’s 32 mpg.

We must bid farewell to the 2.0-liter alternative, since the 2023 Malibu sedan is propelled solely by this smaller 4-cylinder unit. It makes 163 horsepower and 184 lb-ft of torque on a diet of regular gasoline, going just to the front wheels through an automatic transmission.

1.5-liter turbocharged 4-cylinder engine
163 horsepower @ 5,700 rpm
184 lb-ft of torque @ 2,500-3,000 rpm
EPA city/highway fuel economy: 27/35 mpg

3-year/36,000-mile Warranty

Chevrolet’s new-car warranty is for 3 years or 36,000 miles, whichever happens first. The powertrain is covered for 5 years or 60,000 miles.


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New Chevrolet Malibu Deals and Incentives

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End Date: 04/30/2025
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2023 Chevrolet Malibu
KBB.com Consumer Reviews

3.9
Consumer Rating
Based on 145 Consumer Reviews
Write a Review
70%Recommend this vehicle
5
56%
5
56%
4
15%
4
15%
3
8%
3
8%
2
4%
2
4%
1
17%
1
17%
Value
4.0
Performance
3.9
Quality
3.9
Comfort
4.1
Reliability
3.9
Styling
4.3

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2023 Chevrolet Malibu Styles

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
LS Sedan 4D
$20,250
30 MPG
163 @ 5700 RPM
4-Cyl, Turbo, 1.5 Liter
15.7 cu ft
184 lb-ft
1LT Sedan 4D
$20,634
30 MPG
163 @ 5700 RPM
4-Cyl, Turbo, 1.5 Liter
15.7 cu ft
184 lb-ft
RS Sedan 4D
$22,048
30 MPG
163 @ 5700 RPM
4-Cyl, Turbo, 1.5 Liter
15.7 cu ft
184 lb-ft
2LT Sedan 4D
$22,111
30 MPG
163 @ 5700 RPM
4-Cyl, Turbo, 1.5 Liter
15.7 cu ft
184 lb-ft
See Full Specs for All 2023 Chevrolet Malibu Styles
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2023 Chevrolet Malibu Depreciation

A 2023 Chevrolet Malibu has depreciated $7,296 or 27% in the last 2 years and has a current resale value of $18,799 and trade-in value of $16,063.

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2023 Chevrolet Malibu
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2023 Chevrolet Malibu Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2023
-
$26,095
$26,095
2024
$5,801
$20,294
$17,464
Now
$1,495
$18,799
$16,063
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2023 Chevrolet Malibu Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


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Specifications

Dimensions, Weights & Capacities

Fuel Capacity
15.8 gallons
Front Head Room
39.1 inches
Front Leg Room
41.5 inches
Max Seating Capacity
5
Overall Length
194.2 inches
Front Shoulder Room
58.5 inches
Towing Capacity, Maximum
1000 lbs.
Trunk or Cargo Capacity
15.7 cu.ft.
Wheel Base
111.4 inches

Exterior

Alloy Wheels
Available
Number of Doors
4 doors
Rear Spoiler
Available

Fuel Economy

City
27 mpg
Highway
35 mpg
Combined
30 mpg

Mechanical

Drivetrain
FWD
Transmission Type
Automatic
Recommended Fuel
Regular
Parking Assist System
Available

Performance

Horsepower
163 @ 5700 RPM
Torque
184 @ 2500 rpm
Engine
4-Cyl, Turbo, 1.5 Liter

Warranty

Basic
3 years / 36000 miles
Powertrain
5 years / 60000 miles
Corrosion
3 years / 36000 miles

Comfort & Convenience

  • Integrated Garage Door Opener

Entertainment

  • Bluetooth Streaming Audio

Interior

  • Power Windows
  • Rear Window Defroster
  • 12V Power Outlet
  • Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Folding Rear Seat
  • Cloth Seats
  • Power Driver's Seat

Security

  • Alarm System

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Hands Free Phone
  • Remote Keyless Entry
  • Internet Access
  • Remote Engine Start
  • Smartphone Interface
  • Touch Screen Monitor

2023 Chevrolet Malibu Safety

2023 Chevrolet Malibu Safety Technology

Forward collision warning with automatic emergency braking

Perhaps Chevy saw our review of last year’s Malibu sedan where we said this should be standard. It is now, and includes pedestrian detection. It’s part of the new Chevy Safety Assist array that also adds lane-keeping assistance, automatic high beams, and a following distance indicator.

Lane Change Alert with Side Blind Zone Alert

More commonly known as blind-spot monitoring, letting drivers know of vehicles coming up in adjacent lanes. Rear cross-traffic alert helps when reversing out of a parking space. These systems are optional across the 2023 Malibu range.

Adaptive cruise control

Part of an optional Driver Confidence and Cruise package offered with the top 2LT trim that also includes Automatic Parking Assist, adaptive cruise control adjusts speed to maintain a safe distance to the vehicle in front, then resumes the preset speed when conditions allow.

4.0

Crash Test Rating

Provided by the National Highway Traffic Safety Administration
2022 rating shown. 2023 may differ.
Frontal Crash
5.0
Side Barrier
4.0
Rollover Rating
4.0
Side Crash
4.0

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Used 2023
Chevrolet Malibu
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Toyota Camry
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Kia K5
See Details
Price
$20,250
$25,422
$25,020
$23,915
KBB.com Rating
3.5
4.8
4.6
4.5
Consumer Rating
3.9
4.9
3.9
4.2
Fuel Economy
City 27/Hwy 35/Comb 30 MPG
City 29/Hwy 37/Comb 32 MPG
City 28/Hwy 39/Comb 32 MPG
City 27/Hwy 37/Comb 31 MPG
Fuel Type
Gas
N/A
N/A
N/A
Safety Rating
N/A
5.0
5.0
5.0
Seating Capacity5555
Basic Warranty
3 years or 36000 miles
3 years or 36000 miles
3 years or 36000 miles
5 years or 60000 miles
Horsepower
163 @ 5700 RPM
192 @ 6000 RPM
203 @ 6800 RPM
180 @ 5500 RPM
Engine
4-Cyl, Turbo, 1.5 Liter
4-Cyl, i-VTEC, Turbo, 1.5 Liter
4-Cyl, 2.5 Liter
4-Cyl, Turbo, 1.6 Liter
Drivetrain
FWD
FWD
FWD
FWD

2023 Chevrolet Malibu Rankings

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FAQs

Is the 2023 Chevrolet Malibu a good car?

It would have been easier to recommend the 2023 Chevy Malibu midsize sedan back in 2016 when it was the start of a new generation, but things like occupant space and ride comfort are always welcome traits, regardless of automotive trends or developments in technology.

How much is a 2023 Chevrolet Malibu?

For the base LS trim, the 2023 Malibu midsize sedan has a manufacturer’s suggested retail price (MSRP) of $26,095. The top trim, now called 2LT, starts at $32,595. This is before destination charges and options.

How many miles can a 2023 Chevrolet Malibu last?

The powertrain warranty on a 2023 Malibu sedan is 5 years or 60,000 miles, whichever occurs first. With regular servicing and sensible driving, it could go on past 100,000 miles.

What is the MPG for a 2023 Chevrolet Malibu?

The 2023 Chevrolet Malibu is rated to return city/highway fuel economy of 27/35 mpg.

How much should a 2023 Chevrolet Malibu cost?

Used 2023 Chevrolet Malibu prices currently range from $20,250 for the LS Sedan 4D to $22,111 for the 2LT Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Chevrolet Malibu?

The cheapest 2023 Chevrolet Malibu is the LS Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $20,250.

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