Engineered from the ground up for 2002, the third-generation Explorer (U152) featured a wider body and a brand-new body-on-frame chassis. The key innovation was an independent rear suspension (IRS) layout, which enabled a lower rear floor pan to comfortably accommodate a fold-flat third-row seat for seven-passenger capacity.

Engines included an updated 4.0-liter SOHC V6 and an all-aluminum 4.6-liter Modular V8 engine. Advanced vehicle stability innovations debuted, including Ford's AdvanceTrac electronic stability control and Safety Canopy side-curtain airbags. The lasting engineering impact of this generation remains a key benchmark in Ford's global model evolution history. Known for its dependable mechanical layout, the vehicle built a loyal customer base across diverse driving conditions. Offered with versatile feature packages, this iteration successfully balanced day-to-day usability with solid resale value.