How much does the 2023 Volvo S60 cost?

Prices have softened 7.35% compared to this time last year, making it a favorable time to shop this model year.

There are 659 listings available, which suggests you have a workable amount of inventory to compare.

If you find a listing below $29,296.93, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Volvo S60 a good car?

The 2023 Volvo S60 stands out as a compact luxury sedan that blends Scandinavian design, strong safety credentials, and a distinctly modern cabin. It brings a panoramic moonroof, Apple CarPlay/Android Auto connectivity, a 12.3-inch digital instrument cluster, and a 9-inch touchscreen, while Volvo’s City Safety collision avoidance system comes standard.

For you, that means the S60 makes the most sense if you want a comfort-first luxury sedan with upscale materials, a contemporary interface, and a strong safety focus. It is also a compelling alternative if you value style and equipment more than outright sportiness or rear-seat space.

33.8% of listings are priced as good or great deals, which gives you a decent chance of finding a competitive offer.

Is the 2023 Volvo S60 reliable?

The 2023 Volvo S60 stands out as a compact luxury sedan that blends Scandinavian design, strong safety credentials, and a distinctly modern cabin. Volvo’s City Safety collision avoidance system comes standard, and the model earned IIHS Top Safety Pick+ recognition in both 2021 and 2022.

For used-car shoppers, that points to a sedan that should appeal if you want a safety-forward ownership experience with a premium feel. Long-term ownership risk is still worth managing with a careful inspection and a clean service history, especially if you plan to keep the car for many years.

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

Accident-free inventory is solid at 88.5% — always verify the vehicle history report.

You should prioritize a pre-purchase inspection and confirm that the car’s condition matches the listing photos and description. Focus on signs of prior damage, uneven wear, and any evidence that the car has been repaired poorly or maintained inconsistently.

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

This looks like a moderate market, so you can be selective without expecting every listing to be a bargain.

• Deal availability: 33.8% of listings are priced as good or great deals.
• Inventory: There are 659 listings available.
• Price trend: Prices have softened 7.35% compared with last year.
• Clean inventory: 88.5% of listings are accident-free.

If you find a listing below $29,296.93, 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 $29,285 sits slightly below last year's $31,608.

That price movement suggests the market has cooled, which can help you buy at a more favorable point if you're shopping now. For a future seller, it also means resale value may be more sensitive to mileage, condition, and equipment than it would be in a rising market. If you plan to sell later, keeping the car clean, well-documented, and accident-free will matter even more.

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

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

Choose the 2023 if:

• 33.8% of listings are priced as good or great deals.
• Accident-free inventory is solid at 88.5% — always verify the vehicle history report.
• Price trend: Prices have softened 7.35% compared with last year.

The bottom line: The 2023 Volvo S60 is the right pick if you want a stylish, safety-focused luxury sedan with a modern cabin and a market that currently gives you some room to negotiate. If you are especially price-sensitive, you may want to compare nearby model years and focus on whichever one gives you the best combination of condition, equipment, and asking price.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.