Used 2022 Volvo XC40 for Sale nearNew York, NY
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:
- Black / Stone
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blond
- Transmission:
- Automatic
- Mileage:
- 26,026
- Stock #:
- UU4373
- VIN:
- YV4L12UW1P2915536


Sponsored by Karp Automotive
2023 Volvo XC40
B5 Plus Dark Theme AWD
26,026 mi
$31,392
- 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:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 81,120
- Stock #:
- H261683A
- VIN:
- YV4162UK1M2413790

Sponsored Listing
2021 Volvo XC40
T5 Momentum AWD
81,120 mi
$20,883
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Silver Dawn Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 27,267
- Stock #:
- 42616
- VIN:
- YV4L12UW7P2081952

Sponsored Listing
2023 Volvo XC40
B5 Plus Dark Theme AWD
27,267 mi
$31,484
- 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:
- 49,735
- Stock #:
- 29044189
- VIN:
- YV4L12UA3P2030923

-$1,000
2023 Volvo XC40
B5 Ultimate Bright Theme AWD
49,735 mi
$28,147
$27,147
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Silver Dawn Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- 8-Speed Automatic
- Mileage:
- 45,203
- Stock #:
- 56740P
- VIN:
- YV4L12UA2P2108799

2023 Volvo XC40
B5 Ultimate Bright Theme AWD
45,203 mi
$27,980
- 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:
- 34,054
- Stock #:
- UU4310
- VIN:
- YV4L12UW4P2096277

2023 Volvo XC40
B5 Plus Dark Theme AWD
34,054 mi
$28,709
- 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
- Transmission:
- Automatic
- Mileage:
- 33,652
- Stock #:
- 19N2653826
- VIN:
- YV4162UKXN2653826

2022 Volvo XC40
T5 Momentum AWD
33,652 mi
$23,973
- 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 Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- 8-Speed Automatic
- Mileage:
- 30,237
- Stock #:
- 56695P
- VIN:
- YV4L12UW9P2108682

2023 Volvo XC40
B5 Plus Dark Theme AWD
30,237 mi
$29,210
- 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:
- 44,344
- Stock #:
- V7052U
- VIN:
- YV4162UM5N2681650

-$808
2022 Volvo XC40
T5 R-Design AWD
44,344 mi
$26,165
$25,357
- 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:
- 22,663
- Stock #:
- 32504
- VIN:
- YV4L12UW9P2080785

2023 Volvo XC40
B5 Plus Dark Theme AWD
22,663 mi
$29,995
- 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 (Thunder Grey Metallic)
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- 8-Speed Automatic
- Mileage:
- 25,200
- Stock #:
- 56747P
- VIN:
- YV4L12UW0P2091545

2023 Volvo XC40
B5 Plus Dark Theme AWD
25,200 mi
$30,631
- Year:
- 2022
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Denim Blue Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 79,833
- Stock #:
- 51149
- VIN:
- YV4162UK2N2655618

2022 Volvo XC40
T5 Momentum AWD
79,833 mi
$20,155
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Onyx Black Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- 8-Speed Automatic
- Mileage:
- 69,053
- Stock #:
- 399638L
- VIN:
- YV4162ULXM2399638

-$500
2021 Volvo XC40
T5 Inscription AWD
69,053 mi
$21,196
$20,696
CarGurus Analysis:
2022 Volvo XC40
With 120 currently listed for sale near New York, NY and an average price of $22,123.00, 42.5% of 2022 Volvo XC40s for sale on CarGurus are rated as good or great deals.
100.0% of 2022 XC40 models on CarGurus are accident free.
- 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:
- 21,101
- Stock #:
- 9523
- VIN:
- YV4L12UNXP2103224

2023 Volvo XC40
B5 Plus Bright Theme AWD
21,101 mi
$29,693
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Thunder Gray Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 41,102
- Stock #:
- V6957U
- VIN:
- YV4L12UW8P2045252

2023 Volvo XC40
B5 Plus Dark Theme AWD
41,102 mi
$28,125
- 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
$20,865
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Blue
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 100,000
- Stock #:
- 59
- VIN:
- YV4162UM4M2468140

2021 Volvo XC40
T5 R-Design AWD
100,000 mi
$17,573
- Year:
- 2021
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Blue
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 16,866
- Stock #:
- B10474P
- VIN:
- YV4162UM7M2580303

-$1,553
2021 Volvo XC40
T5 R-Design AWD
16,866 mi
$26,885
$26,331
- 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:
- Blond
- Transmission:
- Automatic
- Mileage:
- 38,549
- Stock #:
- B3951753
- VIN:
- YV4L12UW2P2951753

2023 Volvo XC40
B5 Plus Dark Theme AWD
38,549 mi
$27,446
- 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:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 53,581
- Stock #:
- E9191P
- VIN:
- YV4162UM8M2440700

2021 Volvo XC40
T5 R-Design AWD
53,581 mi
$22,855
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Silver
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 59,022
- Stock #:
- 2542C
- VIN:
- YV4L12UK7P2053842

2023 Volvo XC40
B5 Core AWD
59,022 mi
$19,870
- 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
$22,597
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Silver
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 59,022
- Stock #:
- 2542C
- VIN:
- YV4L12UK7P2053842

Sponsored Listing
2023 Volvo XC40
B5 Core AWD
59,022 mi
$19,870
CarGurus Analysis: 2022 Volvo XC40

Summary
With 120 currently listed for sale near New York, NY and an average price of $22,123.00, 42.5% of 2022 Volvo XC40s for sale on CarGurus are rated as good or great deals.
100.0% 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 give it a more upscale feel than its size suggests. It was described as Volvo’s smallest crossover SUV, and its appeal came from a modern Scandinavian look, a high-end minimalist interior, quality materials, leather upholstery, and thoughtful details throughout the cabin. It also managed to be useful, with impressive rear seat room for its footprint and a large cargo area with a folding floor divider.
For 2022, the XC40 sat in the first generation and retained the broad strengths that made it distinctive from the start. It came with Volvo’s standard Intellisafe suite of driver-assistance features, which helped make it an especially appealing choice for families and safety-conscious buyers. The model also offered 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.
There were a few tradeoffs to keep in mind. The XC40’s touch-based interior controls could be fiddly, and poor rear visibility was listed as a drawback. Even so, the 2022 Volvo XC40 remained attractive because it delivered a distinctive Volvo personality, strong practicality, and a well-equipped, safety-focused package in a small luxury SUV.
Other model years to consider
- Average price: $32,071.00
- Good/great deal percentage: 40.4%
- User rating: 5 / 5
- Total listings: 193
- Average price: $29,366.00
- Good/great deal percentage: 44.5%
- User rating: 4 / 5
- Total listings: 209
- Average price: $19,225.00
- Good/great deal percentage: 27.6%
- User rating: 5 / 5
- Total listings: 76
This analysis is based on CarGurus' proprietary market data from September 1, 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: New York, NY Market Report
Pricing by Nearby Locations
Market Area: New York, NY
Key Insights
- Lowest Prices in New Brunswick, NJ: The market in New Brunswick, NJ offers the most competitive average price at $20,198, indicating a potentially higher inventory or lower demand.
- Highest Prices in Holtsville, NY: In contrast, Holtsville, NY has the highest average price at $24,833, which may reflect a premium market or limited supply.
- Inventory Variation: Cities like Trenton, NJ and New Brunswick, NJ have higher listings (128 and 127 respectively) but lower average prices, suggesting a correlation between inventory levels and pricing dynamics.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Holtsville, NY | 102 | $24,833 |
| Stamford, CT | 120 | $23,175 |
| Newburgh, NY | 105 | $23,347 |
| Philadelphia, PA | 117 | $21,000 |
| Trenton, NJ | 128 | $20,432 |
| New Brunswick, NJ | 127 | $20,198 |
Pricing by Trim Packages
Key Insights
- AWD Trims Lead Inventory: The T5 R-Design AWD and T5 Momentum AWD trims dominate the market with 41 and 40 listings respectively, reflecting strong demand for all-wheel-drive options.
- Price Range Across Trims: The T5 Inscription AWD is the highest priced trim at $42,850 MSRP, while the T4 Momentum FWD offers a more budget-friendly option at $35,100 MSRP.
- Feature-Rich Premium Trims: Premium trims like the T5 Inscription AWD command higher prices due to additional luxury features, indicating a market willing to pay for enhanced specifications.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| T5 R-Design AWD | 41 | $42,350 | AWD | 2.0L 248 hp I4 |
| T5 Momentum AWD | 40 | $37,100 | AWD | 2.0L 248 hp I4 |
| T5 Inscription AWD | 18 | $42,850 | AWD | 2.0L 248 hp I4 |
| T4 Momentum FWD | 20 | $35,100 | FWD | 2.0L 187 hp I4 |
| T4 R-Design FWD | 7 | $40,350 | FWD | 2.0L 187 hp I4 |
| T4 Inscription FWD | 2 | $40,850 | FWD | 2.0L 187 hp I4 |
Pricing Analysis by Model Year
Key Insights
- Significant New-Car Premium: The 2026 Volvo XC40 is priced at $46,155, which is approximately 15.6% above its MSRP, indicating strong demand for the latest model.
- Depreciation Trends: The 2019 model shows the steepest depreciation at -54.5% compared to its original MSRP, highlighting the rapid value loss typical for older vehicles.
- Best Value Years: The 2025 and 2024 models present a more balanced depreciation, with average prices at $31,947 and $29,242, respectively, making them attractive options for buyers seeking value.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2026 Volvo XC40 | $39,900 | $46,155 | +15.6% |
| 2025 Volvo XC40 | $40,650 | $31,947 | -21.5% |
| 2024 Volvo XC40 | $40,500 | $29,242 | -28.0% |
| 2023 Volvo XC40 | $36,350 | $28,402 | -21.9% |
| 2021 Volvo XC40 | $33,700 | $19,119 | -43.3% |
| 2020 Volvo XC40 | $33,700 | $20,477 | -39.1% |
| 2019 Volvo XC40 | $33,700 | $15,339 | -54.5% |
These recommendations are based on CarGurus' proprietary market data from September 3, 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.
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