Does the 2023 Santa Fe represent a new generation or a continuation?
The 2023 Santa Fe is the final model year of the fourth generation (TM). The fifth generation arrives fully redesigned for 2024. Buying a used 2023 means acquiring an end-of-platform vehicle with a well-tested powertrain and multiple years of real-world data behind it. The PHEV continues with the same 13.8 kWh battery and roughly 47 km of electric range. Equipment adjustments for 2023 are minor — some option group restructuring and new colour choices. On the used market, a 2023 and a 2024 fifth-gen at similar mileage will differ by $5,000 to $8,000, making the 2023 the more budget-friendly path.
























