Used 2023 Volvo S60 for SaleNationwide

How much does the 2023 Volvo S60 cost?

Prices have softened 12.98% compared to this time last year, making it a favorable time to shop this model year.

There are 677 listings available, which gives you a meaningful amount of inventory to compare.

Is the 2023 Volvo S60 a good car?

The 2023 Volvo S60 stands out as a compact luxury sedan that leans hard into Volvo’s strengths: safety, comfort, and Scandinavian design. It rides on the brand’s SPA platform and carries over the refined design language and advanced safety systems associated with Volvo’s larger flagship sedan, but in a smaller, sleeker package. It also benefits from being the first Volvo model assembled in North America, which adds another layer of distinction to the car’s story.

For 2023, the S60’s lineup was streamlined and updated. The infotainment system switched to Volvo’s latest Google-based operating system, and the powertrain range was reduced to a B5 turbocharged four-cylinder and an updated T8 Recharge. Inside, the S60 remained appealing for its high-quality materials, superb build quality, panoramic moonroof, Apple CarPlay/Android Auto connectivity, 12.3-inch digital instrument cluster, and 9-inch touchscreen.

The S60’s appeal is reinforced by its standard safety equipment and comfortable cabin. Every S60 came with Volvo’s City Safety collision avoidance system, and the model earned IIHS Top Safety Pick+ recognition in both 2021 and 2022. Even so, it remains a compelling choice for shoppers who want a stylish sedan with strong safety credentials and a distinctly different feel from the usual luxury-car alternatives. 34.7% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 Volvo S60 reliable?

The 2023 Volvo S60 stands out as a compact luxury sedan that leans hard into Volvo’s strengths: safety, comfort, and Scandinavian design. It rides on the brand’s SPA platform and carries over the refined design language and advanced safety systems associated with Volvo’s larger flagship sedan, but in a smaller, sleeker package.

For 2023, the S60’s lineup was streamlined and updated. The infotainment system switched to Volvo’s latest Google-based operating system, and the powertrain range was reduced to a B5 turbocharged four-cylinder and an updated T8 Recharge. The S60’s appeal is reinforced by its standard safety equipment and comfortable cabin.

For used buyers, the main long-term ownership risk is making sure any complex electronics and hybrid-related systems have been maintained properly and checked carefully before you commit.

What should I look for when buying a used 2023 Volvo S60?

Accident-free inventory is solid at 89.8% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a pre-purchase inspection that checks the cabin electronics, infotainment operation, and any warning lights or drivability issues. Because this car emphasizes comfort, safety tech, and premium features, condition matters a lot: make sure the interior, touchscreen, driver-assistance features, and maintenance records all line up with the asking price.

Is now a good time to buy a used 2023 Volvo S60?

This is a moderate market, so you can shop selectively without expecting every listing to be a bargain.

• Deal availability: 34.7% of listings are priced as good or great deals.
• Inventory: There are 677 listings available.
• Price trend: Prices have softened 12.98% compared with last year.
• Clean inventory: 89.8% of listings are accident-free.

If you find a listing below $27,755, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Volvo S60's resale value?

The current average of $27,755 sits slightly below last year's $31,894.

That price movement suggests the market has already adjusted downward, which can help you buy at a more favorable entry point today. If you plan to sell later, the current softness means your future resale value will depend heavily on mileage, condition, and how well the car has been maintained. A clean history and strong service records should matter more than ever if you want to protect value.

Should I buy a 2023 Volvo S60 or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 34.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89.8% — always verify the vehicle history report.
• Price trend: Prices have softened 12.98% compared with last year.

The bottom line: The 2023 is the better pick if you want the updated Google-based infotainment setup, the streamlined lineup, and a market that currently gives you decent deal availability. If you’re especially price-sensitive, you may also want to compare nearby model years to see whether a lower asking price outweighs the 2023’s updates and current inventory mix.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.