When Volvo introduced the V40 to America at the turn of the millenium, the Swedish carmaker envisioned the model as the premium wagon in its lineup. The V40 changed to the V50 for the 2005 model year and hasn't looked back. For 2008, the V50 gets a significant redesign inside and out. Exterior changes include a new grille, spoiler, headlights, taillights, and a color-matched rear bumper. Interior changes include more storage space and a cool-sounding Hazard Warning System. The V50 comes in 3 trims: the 2.4i, T5, and T5 AWD. The T5 and T5 AWD both get a new turbocharged 227-horsepower inline-five engine.

Gas mileage across the three trims averages out to 19 mpg in the city and 27 on the highway. The V50 offers a choice of five-speed automatic, five-speed manual, or six-speed manual, depending on the trim. All three trims have four doors and seat five. The T5 and T5 AWD are the more premium trims, with more standard features and an optional navigation system. All trims include basic standard safety features, including ABS brakes, traction control, and stability control. Expect to find around 27.4 cubic feet of cargo space in each trim.

What do the critics have to say about the '08 Volvo V50? Overall, they like this relatively stylish wagon. It looks good, handles well, and offers an overall comfortable ride. On the other hand, the base-level 2.4i could use some extra giddyup, and resale value depreciates a bit quickly. Also, pay attention when you add options; the extra cost can seriously inflate the final bill. Actual drivers tend to rate the V50 more highly than professional reviewers, citing its good fuel mileage and safety features. In any event, industry experts and consumers agree the Volvo V50 has maintained its place as one of the top upscale wagons on the market.