Used 2022 Volvo XC40 for Sale near Maryland
Shop with transparent pricing.
Only show listings that include dealer fees- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Crystal White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 22,987
- Stock #:
- BC0863
- VIN:
- YV4L12UW7P2021153


Sponsored by Ourisman Chrysler Dodge Jeep Ram Fiat of Baltimore
2023 Volvo XC40
B5 Plus Dark Theme AWD
22,987 mi
$30,800
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Black
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 78,451
- Stock #:
- H970419
- VIN:
- YV4L12UX7P2970419

-$500
Sponsored Listing
2023 Volvo XC40
B5 Ultimate Dark Theme AWD
78,451 mi
$22,299
$21,799
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- Front-Wheel Drive
- Engine:
- 194 hp 2L I4
- Exterior color:
- Black
- Combined gas mileage:
- 28 MPG
- Fuel type:
- Gasoline
- Interior color:
- Brown (Beige)
- Transmission:
- Automatic
- Mileage:
- 69,311
- Stock #:
- 172556
- VIN:
- YV4K92HM5P2069831

Sponsored Listing
2023 Volvo XC40
B4 Ultimate Dark Theme FWD
69,311 mi
$23,950
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Crystal White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 111,903
- Stock #:
- K473325A
- VIN:
- YV4162UK0M2433139

2021 Volvo XC40
T5 Momentum AWD
111,903 mi
$17,000
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Crystal White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 77,609
- Stock #:
- A60376B
- VIN:
- YV4162UM2M2467164

2021 Volvo XC40
T5 R-Design AWD
77,609 mi
$22,799
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Onyx Black Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 18,342
- Stock #:
- GP2716
- VIN:
- YV4L12UW6P2114259

2023 Volvo XC40
B5 Plus Dark Theme AWD
18,342 mi
$31,300
- Year:
- 2022
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Pebble Gray Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 62,741
- Stock #:
- 44652
- VIN:
- YV4162UK9N2766151

2022 Volvo XC40
T5 Momentum AWD
62,741 mi
$23,641
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Gray
- Transmission:
- Automatic
- Mileage:
- 28,110
- Stock #:
- KWVPP2102710
- VIN:
- YV4L12UN3P2102710

2023 Volvo XC40
B5 Plus Bright Theme AWD
28,110 mi
$28,800
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Gray
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 25,472
- Stock #:
- 28958290
- VIN:
- YV4L12UA2P2058762

2023 Volvo XC40
B5 Ultimate Bright Theme AWD
25,472 mi
$32,397
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- Front-Wheel Drive
- Engine:
- 194 hp 2L I4
- Exterior color:
- Green
- Combined gas mileage:
- 28 MPG
- Fuel type:
- Gasoline
- Interior color:
- Gray
- Transmission:
- Automatic
- Mileage:
- 28,864
- Stock #:
- KFCTP2910449
- VIN:
- YV4K92HX4P2910449

2023 Volvo XC40
B4 Ultimate Dark Theme FWD
28,864 mi
$27,495
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Crystal White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 22,987
- Stock #:
- BC0863
- VIN:
- YV4L12UW7P2021153

2023 Volvo XC40
B5 Plus Dark Theme AWD
22,987 mi
$30,800
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Black Stone
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 64,486
- Stock #:
- ST508607
- VIN:
- YV4162UL9M2508607

-$520
2021 Volvo XC40
T5 Inscription AWD
64,486 mi
$24,732
$24,212
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- Front-Wheel Drive
- Engine:
- 187 hp 2L I4
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Transmission:
- 8-Speed Automatic
- Mileage:
- 75,882
- Stock #:
- 552375
- VIN:
- YV4AC2HK0M2552375

2021 Volvo XC40
T4 Momentum FWD
75,882 mi
$18,300
CarGurus Analysis:
2022 Volvo XC40
With 883 currently listed for sale and an average price of $23,881, 35.9% of 2022 Volvo XC40s for sale on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2022 Volvo XC40 5 / 5 stars.
87.7% of 2022 XC40 models on CarGurus are accident free.
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 57,054
- Stock #:
- 29008330
- VIN:
- YV4162UKXM2600252

2021 Volvo XC40
T5 Momentum AWD
57,054 mi
$22,297
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- Front-Wheel Drive
- Engine:
- 187 hp 2L I4
- Exterior color:
- Gray
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- White
- Transmission:
- 8-Speed Automatic
- Mileage:
- 79,061
- Stock #:
- 531327
- VIN:
- YV4AC2HK5M2531327

2021 Volvo XC40
T4 Momentum FWD
79,061 mi
$18,300
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Black
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 39,908
- Stock #:
- KWVPP2032665
- VIN:
- YV4L12UX0P2032665

2023 Volvo XC40
B5 Ultimate Dark Theme AWD
39,908 mi
$28,800
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 47,887
- Stock #:
- Y1295
- VIN:
- YV4L12UW4P2085800

2023 Volvo XC40
B5 Plus Dark Theme AWD
47,887 mi
$26,314
- Year:
- 2022
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Gray
- Transmission:
- Automatic
- Mileage:
- 63,269
- Stock #:
- 2759989
- VIN:
- YV4162UK9N2759989

2022 Volvo XC40
T5 Momentum AWD
63,269 mi
$20,114
- Year:
- 2022
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Gray Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 35,824
- Stock #:
- 57573B
- VIN:
- YV4162UM9N2791598

2022 Volvo XC40
T5 R-Design AWD
35,824 mi
$27,800
- Year:
- 2022
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 84,732
- Stock #:
- U766938
- VIN:
- YV4162UK5N2766938

2022 Volvo XC40
T5 Momentum AWD
84,732 mi
$18,950
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- Front-Wheel Drive
- Engine:
- 187 hp 2L I4
- Exterior color:
- Gray
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 52,411
- Stock #:
- 172725
- VIN:
- YV4AC2HK6M2546970

2021 Volvo XC40
T4 Momentum FWD
52,411 mi
$20,990
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Blue
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 50,466
- Stock #:
- U220A
- VIN:
- YV4L12UN7P2954090

2023 Volvo XC40
B5 Plus Bright Theme AWD
50,466 mi
$27,332
- Year:
- 2022
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- White
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 84,732
- Stock #:
- U766938
- VIN:
- YV4162UK5N2766938

Sponsored Listing
2022 Volvo XC40
T5 Momentum AWD
84,732 mi
$18,950
CarGurus Analysis: 2022 Volvo XC40

Summary
With 883 currently listed for sale and an average price of $23,881, 35.9% of 2022 Volvo XC40s for sale on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2022 Volvo XC40 5 / 5 stars.
87.7% of 2022 XC40 models on CarGurus are accident free.
Why it stands out
The 2022 Volvo XC40 stands out by blending compact-SUV practicality with the kind of design and cabin polish that make it feel more upscale than its size suggests. Volvo’s smallest crossover was praised for its modern Scandinavian styling, and inside it offered a high-end, minimalist interior with quality materials, leather upholstery, and thoughtful details. It also struck a strong balance between passenger and cargo utility, with impressive rear seat room for its footprint and a large cargo area with a useful folding floor divider.
For buyers, the 2022 model year sits in a sweet spot because it still delivers modern features such as Apple CarPlay and Android Auto connectivity, while many of the early reliability concerns had been solved. Safety remains one of its biggest selling points: every XC40 comes standard with Volvo’s Intellisafe suite of driver-assistance features, which helps make it especially appealing to families and safety-conscious shoppers. The XC40’s appeal is also helped by its premium feel and distinctive character, giving it a different personality from more conventional luxury compact SUVs.
There are a few tradeoffs to keep in mind. The XC40’s touch-based interior controls can be fiddly, and poor rear visibility is another drawback. Even so, the 2022 Volvo XC40 remains distinctive because it combines style, practicality, and a strong safety story in a small luxury package that feels thoughtfully executed.
Other model years to consider
- Average price: $22,197
- Good/great deal percentage: 37.5%
- User rating: 5 / 5
- Total listings: 461
- Average price: $33,818
- Good/great deal percentage: 33.8%
- User rating: 5 / 5
- Total listings: 1,289
- Average price: $30,947
- Good/great deal percentage: 35.3%
- User rating: 4 / 5
- Total listings: 1,409
This analysis is based on CarGurus' proprietary market data from September 7, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
2022 Volvo XC40 Trims
| Trim type | MSRP |
|---|---|
| T4 Momentum AWD | -- |
| T5 Momentum AWD | $37,100 |
| T5 Inscription AWD | $42,850 |
| T4 Inscription FWD | $40,850 |
| T4 Momentum FWD | $35,100 |
| T4 R-Design FWD | $40,350 |
| T5 R-Design AWD | $42,350 |
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
2022 Volvo XC40 Price Trends
CarGurus tracks the prices of millions of used car listings every year. See how the average price of 2022 Volvo XC40 prices has changed over time.
See more price trends2022 Volvo XC40 Pricing Analysis
Pricing by Popular US Cities
Market Area: Nationwide
Key Insights
- Highest Prices in Dallas: The city of Dallas, TX ($25,210) has the highest average price, likely reflecting a strong demand for luxury vehicles in the area.
- Lowest Prices in Los Angeles: Conversely, Los Angeles, CA ($19,185) offers the lowest average price, suggesting a more competitive market or higher inventory levels.
- Inventory Variation: Cities like New York (128 listings) and Philadelphia (124 listings) show significant inventory, which may contribute to more stable pricing around the national average.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Dallas, TX | 77 | $25,210 |
| Chicago, IL | 93 | $22,627 |
| Washington, DC | 128 | $22,938 |
| Philadelphia, PA | 124 | $20,101 |
| New York, NY | 128 | $21,498 |
| Boston, MA | 122 | $23,701 |
| Atlanta, GA | 94 | $20,774 |
| Houston, TX | 81 | $23,761 |
| Miami, FL | 64 | $19,395 |
| Los Angeles, CA | 61 | $19,185 |
Pricing by Trim Packages
Key Insights
- AWD Trims Dominate Listings: The T5 R-Design AWD (222 listings) and T5 Momentum AWD (219 listings) are the most common trims, indicating a strong preference for all-wheel drive options.
- Price Range Across Trims: The T5 Inscription AWD has the highest MSRP at $42,850, while the T4 Momentum FWD is the most affordable at $35,100, highlighting a significant price spread of ~22% between the base and premium trims.
- Feature-Rich Premium Trims: Premium trims like the T5 Inscription AWD offer extensive features, which may justify their higher price points compared to base models.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| T5 R-Design AWD | 222 | $42,350 | AWD | 2.0L 248 hp I4 |
| T5 Momentum AWD | 219 | $37,100 | AWD | 2.0L 248 hp I4 |
| T5 Inscription AWD | 80 | $42,850 | AWD | 2.0L 248 hp I4 |
| T4 Momentum FWD | 64 | $35,100 | FWD | 2.0L 187 hp I4 |
| T4 R-Design FWD | 31 | $40,350 | FWD | 2.0L 187 hp I4 |
| T4 Inscription FWD | 8 | $40,850 | FWD | 2.0L 187 hp I4 |
Pricing Analysis by Model Year
Key Insights
- New Models Command Premium: The 2026 XC40 is priced at $42,509, reflecting a 3.9% increase over its MSRP, indicating strong demand for the latest model.
- Significant Depreciation for Older Models: The 2019 XC40 shows a steep decline, with an average price of $19,414, representing a -42.5% depreciation from its original MSRP.
- Best Value in Recent Models: The 2023 XC40 is priced at $28,078, which is only -22.5% below MSRP, making it a compelling option for buyers seeking newer vehicles with less depreciation.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2026 | $39,900 | $42,509 | +3.9% |
| 2025 | $40,650 | $34,767 | -14.5% |
| 2024 | $40,500 | $30,732 | -24.1% |
| 2023 | $36,350 | $28,078 | -22.5% |
| 2021 | $33,700 | $22,476 | -33.3% |
| 2020 | $33,700 | $21,332 | -36.8% |
| 2019 | $33,700 | $19,414 | -42.5% |
These recommendations are based on CarGurus' proprietary market data from September 10, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
How much does the 2022 Volvo XC40 cost?
| Metric | Value |
|---|---|
| Current Average Price | $23,837 |
| Year-Round Low | $23,269.75 |
| Year-Round High | $26,388.11 |
| Average Price a Year Ago | $26,404 |
| Change vs. Last Year | −9.72% |
Prices have softened 9.72% compared to this time last year, making it a favorable time to shop this model year.
There are 886 listings available, which gives you a solid amount of inventory to compare.
If you find a listing below $23,269.75, that's toward the low end of the year-round range and worth acting on quickly.
Is the 2022 Volvo XC40 a good car?
The 2022 Volvo XC40 stands out by blending compact-SUV practicality with a more upscale feel than its size suggests. It offers a modern Scandinavian design, a high-end minimalist interior, quality materials, leather upholstery, thoughtful cabin details, impressive rear seat room for its footprint, and a large cargo area with a folding floor divider.
It also brings a premium-feeling feature set, including a 9-inch touchscreen with Volvo’s Sensus operating system, Android Auto and Apple CarPlay compatibility, and available upgrades such as a 15-speaker Harman Kardon premium sound system and Pilot Assist. For families and safety-conscious buyers, the standard Intellisafe suite adds to its appeal.
34.8% of listings are priced as good or great deals, so you have a meaningful share of the market to target.
Is the 2022 Volvo XC40 reliable?
The 2022 Volvo XC40 comes across as a well-equipped, safety-focused small luxury SUV with a distinctive Volvo personality. Its standard Intellisafe suite and premium cabin presentation support that impression, while its practical packaging makes it easy to live with.
The tradeoffs are worth keeping in mind: the touch-based interior controls can be fiddly, and rear visibility is poor. For long-term ownership, that means you should pay close attention to how the cabin electronics, visibility, and everyday usability feel on a test drive.
What should I look for when buying a used 2022 Volvo XC40?
Accident-free inventory is solid at 88.6% — always verify the vehicle history report.
You should also prioritize a pre-purchase inspection so you can check the touch-based controls, infotainment operation, and overall cabin condition. Focus on signs of wear in the interior and make sure the vehicle’s practical features still work as intended.
Is now a good time to buy a used 2022 Volvo XC40?
This looks like a moderate market where selective buyers can still find value if they shop carefully.
- Deal availability: 34.8% of listings are priced as good or great deals.
- Inventory: There are 886 listings available.
- Price trend: Prices have softened 9.72% compared with last year.
- Clean inventory: 88.6% of listings are accident-free.
If you find a listing below $23,269.75, that's toward the low end of the year-round range and worth acting on quickly.
What is the 2022 Volvo XC40's resale value?
The current average of $23,837 sits slightly below last year's $26,404.
That price movement suggests the XC40 has become more affordable for used buyers, but it also means a future seller may face a softer resale environment than before. If you buy now, you may benefit from the lower entry price, but you should still expect depreciation to remain part of the ownership equation. For a seller, condition and documentation will matter more when the market is already leaning downward.
Should I buy a 2022 Volvo XC40 or consider a different year?
If you're weighing the 2022 against nearby model years, here's how to think about it:
Choose the 2022 if:
- 34.8% of listings are priced as good or great deals.
- Accident-free inventory is solid at 88.6% — always verify the vehicle history report.
- Price trend: Prices have softened 9.72% compared with last year.
Consider the 2021 if:
- At $22,208, the 2021 costs less than the current year's $23,837 average.
- It adds an electric version to the lineup.
Consider the 2023 if:
- At $29,028, the 2023 costs more than the current year's $23,837 average.
- It brings updated styling and a more modern infotainment setup.
The bottom line:
The 2022 is the best all-around starting point if you want a well-equipped XC40 with a softer used-market price and plenty of listings to compare. If your priority is spending less, the 2021 is the value play; if you want newer updates and are willing to pay more, the 2023 is the upgrade path.
These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
Relevant articles

2028 Volvo XC40 Pricing, Specs, and Release Date
After a one-year hiatus, the 2028 Volvo XC40 arrives with a fresh redesign featuring a new front end, new taillights, new bumper, better tech, and an updated interior.

The Best Cars for Camping in 2026
Of course just about any vehicle will work for camping, but one specifically outfitted for it will take you further than you even thought possible.

The Best Affordable Luxury Cars in 2026
There are plenty of great options for affordable new luxury cars, if you know where to look. Our expert guide gives you the lowdown on the best cheap luxury cars you can buy.