2023 Toyota Camry: Reliability, Recalls, Known Issues & Cost to Own
Data last updated 2026-07-04 · sources listed throughout · based on public NHTSA data
Reliable, efficient 8th-gen Camry with standard Toyota Safety Sense and a low repair-cost record; very few owner complaints. A strong, low-risk used buy. NHTSA lists 2 recall campaigns for the 2023 Toyota Camry. 57 owner complaints are on file with NHTSA for this model year. New, the 2023 Toyota Camry ranged from $26,320 to $36,745 depending on trim (base MSRP, before options and destination).
This listing
Context from the listing you were viewing, not a market-price judgement.
Reliable, efficient 8th-gen Camry with standard Toyota Safety Sense and a low repair-cost record; very few owner complaints. A strong, low-risk used buy.
Sources (2)
- api.nhtsa.govhttps://api.nhtsa.gov/complaints/complaintsByVehicle?make=toyota&model=camry&…
- repairpal.comhttps://repairpal.com/reliability/toyota/camry
Recalls & safety
NHTSA lists 2 recall campaigns for the 2023 Toyota Camry. Recall repairs are free at franchised dealers.
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SEATS #24V128000 · 21/02/2024
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2023-2024 Camry and Camry Hybrid vehicles. The second-row center and right-side seats may have insufficiently welded head restraint brackets. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 202, "Head Restraints."
Remedy: Dealers will replace the 60% rear seat-back frame sub-assembly, free of charge. Owner notification letters were mailed April 19, 2024. Owners may contact Toyota customer service at 1-800-331-4331. Toyota's numbers for this recall are 24TB04 and 24TA04.
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WHEELS:LUGS/NUTS/BOLTS/STUDS #23V432000 · 15/06/2023
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2023 Camry and Camry Hybrid vehicles. The lug nuts that attach the wheels to the vehicle may be loose, which can result in wheel detachment.
Remedy: Owners are advised not to drive their vehicles until the repair has been performed. Dealers will inspect and tighten the lug nuts, and replace any damaged components, free of charge. Owner notification letters are expected to be mailed on or before August 14, 2023. Owners may contact Toyota's customer service at 1-800-331-4331. Toyota's number for this recall is 23TA05.
Whether a recall is still open on a specific car depends on its VIN. Check it free at NHTSA's VIN lookup (nhtsa.gov/recalls), or ask the seller for proof the repair was done.
NHTSA crash test (NCAP)
| Overall | ★★★★★ 5/5 |
| Frontal crash | 5/5 |
| Side crash | 5/5 |
| Rollover | 5/5 |
Pros & cons
Pros
- Roomy, quiet, comfortable cabin with a large trunk and straightforward ergonomics.
- Efficient powertrains including a frugal hybrid option; runs on regular fuel with real-world 30+ mpg, keeping running costs low.
- Outstanding reliability and resale: RepairPal rates the Camry 4.0/5.0, 3rd of 24 midsize cars, with a low average annual repair cost around $388.
- Toyota Safety Sense driver assists (automatic emergency braking, lane keeping, radar cruise) are standard across the lineup.
Cons
- Firmer ride and more road noise on the sport-tuned SE and XSE trims.
- Infotainment and interior tech feel dated next to newer rivals on the earlier cars.
- The Direct Shift 8-speed automatic can shift abruptly or hesitate at low speed, mostly a software-calibration trait rather than hardware failure.
Trims & original pricing
| Trim | Original base MSRP | New today | Engine | MPG |
|---|---|---|---|---|
| LE | $26,320 | $29,300 | — | — |
| SE | $27,860 | $31,800 | — | — |
| SE Nightshade | $28,860 | $32,800 | — | — |
| XLE | $31,070 | $34,500 | — | — |
| XSE | $31,620 | $35,700 | — | — |
| TRD | $33,385 | discontinued | — | — |
| XLE V6 | $36,195 | discontinued | — | — |
| XSE V6 | $36,745 | discontinued | — | — |
Prices are base MSRP for each trim's standard configuration. Options, packages, and destination charges added to what original buyers actually paid.
2021-2023 cars held unusually high used values due to pandemic-era supply shortages, so comparisons to original MSRP read differently for these years.
Sources (2)
- iseecars.comhttps://www.iseecars.com/car/2023-toyota-camry-price
- iseecars.comhttps://www.iseecars.com/car/toyota-camry-price
Depreciation
Move your cursor along the line to see the estimated value for any year.
This listing sits above the typical depreciation curve. Common for heavily-optioned cars and for 2021-2023 model years (pandemic-era pricing); the curve is anchored at base MSRP, which excludes options.
Curve anchored at the entry-trim base MSRP ($26,320). Higher trims started higher (up to $36,745), and options added more.
Curve outlook: a typical 2023 loses roughly another 23% of its value over the next 3 years. These are estimates from public data, not a market-price claim.
2021-2023 cars held unusually high used values due to pandemic-era supply shortages, so comparisons to original MSRP read differently for these years.
Sources (1)
- iseecars.comhttps://www.iseecars.com/car/toyota-camry/resale-value
Frequently asked questions
Does the 2023 Toyota Camry have any recalls?
Yes. NHTSA lists 2 recall campaigns, affecting: SEATS; WHEELS:LUGS/NUTS/BOLTS/STUDS. Recall repairs are free at franchised dealers. Whether a specific car still has one open depends on its VIN.
Is the 2023 Toyota Camry reliable?
Reliable, efficient 8th-gen Camry with standard Toyota Safety Sense and a low repair-cost record; very few owner complaints. A strong, low-risk used buy.
How much did the 2023 Toyota Camry cost new?
Between $26,320 and $36,745 depending on trim. Those are base MSRPs for each trim's standard configuration; options, packages, and destination charges added to what original buyers actually paid. 2021-2023 cars held unusually high used values due to pandemic-era supply shortages, so comparisons to original MSRP read differently for these years.
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Estimates are based on public data: patterns, not guarantees. CarVitals is not affiliated with NHTSA, CarMax, AutoTrader, or Cars.com. Issue frequencies come from public NHTSA complaint data, which has no denominator, so they describe reporting patterns, not failure probabilities. Always have a used car inspected before buying. How we build these reports.