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The Wanderer W23 is a car of the upper middle class introduced by Wanderer-Werke in 1937 as the successor to the W45/W51. It differed from it's predecessors by having a larger, side-valve engine and a rear floating axle instead of a swing axle. In addition, the electrical system was lowered to 6 volts. These changes were carried out to keep prices down.

The vehicle had a front-mounted 6-cylinder SV inline engine with a displacement of 2.65 litres which developed 62 hp. This was mated to a 4-speed transmission sending power to the rear wheels. A four-door sedan, two-door convertible and a station wagon with exterior wooden struts on the body, (known in the USA "Woody") were offered. By 1940 about 7,900 cars had been sold.

At the same time the Wanderer W52 appeared with the same engine, but on a slightly longer wheelbase. Wanderer  wanted those customers who placed value on modern technology to buy their cars. Only about 1,400 cars were sold. The car was available as a four-door sedan (with 6 windows) and as a two-door convertible (with 4 windows).

Also starting in 1937, the long-wheelbase version was offered. This was known as the Wanderer W26 and was the replacement for the W50. This car retained the swing axis, as there was no room for the highly specified spring suspension axle. The W26 was available as a Pullman limousine or six-seater touring car. By 1940, about 1,800 cars had been sold..

In 1941, the production of passenger cars was stopped due to the war and production was not resumed after the Second World War.

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Wanderer vehicles