2023 Toyota Highlander: Release Date, Price, and Specs

The Toyota Highlander has been the best-selling three-row midsize SUV for the past six years — and it aims to continue its domination with some upgrades for the 2023 model year. This includes a new turbocharged engine and new features across the trim lineup. Find out the release date, price, specs, and new features of the 2023 Toyota Highlander.

When will the 2023 Toyota Highlander be released and available?

Side view of white 2023 Toyota Highlander, highlighting its release date and price
2023 Toyota Highlander | Toyota

The release date of the 2023 Toyota Highlander will likely be in late Summer/early Fall 2022. It will be available to buy at Toyota dealerships throughout the United States, as well as in select international markets. The Highlander is built at the Toyota Manufacturing Motor Manufacturing plant in Princeton, Indiana, alongside the Sequoia SUV and the Sienna minivan.

How much does the 2023 Toyota Highlander cost?

Toyota didn’t yet release the price information for the 2023 Highlander. However, given the upgrades and high inflation, the 2023 Highlander will likely cost slightly more than the 2022 Highlander. The starting price of the 2022 Highlander ranges from $35,855 MSRP for the L trim up to $49,510 MSRP for the Platinum Hybrid trim. 

2023 Highlander specs: New turbocharged engine, fuel economy, and towing capacity

Turbocharged engine in 2023 Toyota Highlander, highlighting its release date and price
2023 Toyota Highlander | Toyota

The gas-engine 2023 Toyota Highlander has a new turbocharged 2.4-liter inline-four engine. Paired with an eight-speed automatic transmission, it generates 265 horsepower and 309 lb-ft of torque. The turbocharged engine replaces the 3.5-liter V-6 engine from the 2022 Highlander. While the turbocharged engine has a drop in 30 hp compared to the V-6 engine, the torque output is 46 lb-ft higher. Toyota claims that the new turbocharged engine will have the same estimated fuel economy (24 combined mpg) as the V-6.

The hybrid powertrain for the 2023 Highlander Hybrid is the same as the 2022 Highlander Hybrid. It combines a 2.5-liter four-cylinder engine with two electric motors, generating a total system output of 243 horsepower, with an estimated gas mileage of 36 combined mpg.

Both the gas-powered Highlander and Highlander Hybrid offer the choice of either a front-wheel drive or an all-wheel drive system. The gas-powered Highlander has a maximum towing capacity of 5,000 pounds, while the Highlander Hybrid can tow up to 3,500 pounds.

New features for the 2023 Highlander

Touchscreen in 2023 Toyota Highlander, highlighting its release date and price
2023 Toyota Highlander | Toyota

The 2023 Toyota Highlander offers new features across the trim lineup. This includes two 12.3-inch Multi-Information Display (MID) screens, which are standard for the Limited and Platinum trims. These trims also have newly standard power-folding exterior mirrors, which makes it easier to enter and exit a garage. 

Inside the Highlander, the available wireless charger was moved to the instrument panel shelf for more convenient access. Also, the XLE and XSE trims join the Limited and Platinum trims with the hands-free power liftgate.

For exterior paint colors, the 2023 Highlander adds one new hue: Cypress. For the cabin, “Harvest Beige and Glazed Caramel interiors now feature Black as the accent color, replacing Noble Brown.”

With the upcoming release of the 2023 Toyota Highlander, the new turbocharged engine and feature upgrades should help the popular midsize SUV continue to lead the way for the segment. While the cost of the 2023 Highlander will probably be higher than the 2022 Highlander, Toyota claims that the additions result in greater value.

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