Auto Guide
2023 Volvo XC40
Used

Review and specifications

2023 Volvo XC40

The Volvo XC40 joins the growing niche of small luxury SUVs. The T5 trim we tested comes standard with AWD and a 248-hp turbocharged four-cylinder engine that packs a decent punch. Front-wheel-drive T4 versions have a 187-hp turbo engine. Like other Volvos, the ride is stiff, and the engine has a coarse growl. Worse, the controls, such as the electronic gear selector and infotainment system, are unintuitive and frustrating to operate. Handling is mundane but secure. The cabin is nicely furnished and the front seats are very comfortable. Automatic emergency braking is standard. Other available features include rear cross-traffic alert with braking assist, 360-degree camera, adaptive cruise control and lane-keep assist. Volvo's Pilot Assist system offers a suite of advanced driver assistance features. For 2024, the XC40 is only available with all-wheel-drive and the less powerful B4 engine was dropped.

Market value
$25,200
Fuel
Conventional
Transmission
Automatic
Seats
5
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Model year 2023
Owner rating 3/5
Reliability 3/5
Data updated December 4, 2025

At a glance

Model data

Overview

Powertrain
Conventional
Body style
4-door SUV
Drive type
AWD
Transmission
Automatic, 8-speed
Category
Luxury entry-level SUVs
Generation began
2019

Pricing

Current retail median
$25,200
Retail value range
$21,400 - $28,125
Original MSRP range
$36,350 - $59,500
Trade-in range
$19,180 - $26,500

Ratings

Road test score
74/100
Owner satisfaction
3/5
Would buy again
43%
Reliability
3/5

Fuel economy

EPA city
23 MPG
EPA highway
30 MPG
EPA combined
26 MPG
Tested city
16 MPG
Tested highway
33 MPG
Tested overall
24 MPG
Annual fuel cost
$2,050
Cruising range
335 miles

Road tests

0-30 mph
2.9 sec
0-60 mph
7.3 sec
60-0 mph braking
132 ft
Avoidance speed
54 mph
Test status
Test Completed

Dimensions

Length
174 in
Width
73 in
Height
65 in
Wheelbase
106 in
Weight
3,785 lb
Maximum load
925 lb
Towing capacity
3,500 lb

Interior

Seating
5 people
Front head room
3.5 in
Front leg room
41.5 in
Rear head room
3 in
Rear leg room
27 in
Cargo volume
25.5 cu ft

Owner feedback

Comfort
3/5
Driving
2/5
Styling
4/5
Value
1/5

Environmental impact

Air pollution score
5/10
Greenhouse gas score
5/10
SmartWay
No

Brand context

About Volvo

Other brands have caught up, but Volvo maintains its deserved reputation for safety innovation and quality fit and finish. Volvos also stand out for its attractive exterior styling and for having some of the nicest interiors in the industry, with especially comfortable seats. The brand’s XC line of SUVs range from compact and two-row to midsized and three-row. Volvo also sells sedans and station wagons, along with several EVs, ranging from small to large. Most of Volvo’s new cars scored average or below-average in our reliability rankings, and the infotainment systems on many models are less intuitive than what you’ll find in competitors’ cars. Our testers have also found that Volvos aren’t great at absorbing bumps, and have average fuel economy. Among used Volvos, some models have proven to be reliable enough to earn our recommendation.

Vehicle ID: 24606 First published: November 15, 2022 Updated: December 4, 2025

Values may vary by trim, options, location, and market conditions.

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