How much does the 2023 Volvo S60 cost?

Prices have softened 8.01% compared to this time last year, making it a favorable time to shop this model year.

With 685 listings available, you have a meaningful amount of inventory to compare before you decide.

If you find a listing below $29,175.03, 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 lot of equipment without giving up Volvo’s focus on comfort and safety, and it suits you well if you want a luxury sedan with a more distinctive personality rather than the sportiest option in the class.

That appeal is reinforced by standard features such as a panoramic moonroof, Apple CarPlay/Android Auto connectivity, a 12.3-inch digital instrument cluster, and a 9-inch touchscreen, along with Volvo’s City Safety collision avoidance system. The 30.8% share of listings marked as good or great deals suggests there are still worthwhile opportunities if you shop carefully.

Is the 2023 Volvo S60 reliable?

The 2023 Volvo S60 is presented as a safety-focused luxury sedan with a strong emphasis on comfort, upscale materials, and a well-equipped cabin. Its standard safety tech and the brand’s reputation for protection make it appealing if you want a car that feels thoughtfully engineered for everyday use.

For used buyers, the main long-term ownership risk is making sure the specific car you choose has been maintained properly and checked carefully, especially if you are considering a higher-spec version with more equipment.

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

Accident-free inventory is solid at 87.9% — always verify the vehicle history report.

You should still review the history report for any title issues, prior damage, or repeated service gaps before you commit. A pre-purchase inspection is especially important on a luxury sedan like this, because condition and maintenance history can matter more than mileage alone. Focus on the cabin, electronics, tires, brakes, and any signs that the car has been used hard or repaired poorly.

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

This looks like a moderate market where selective buyers can still find value if they compare listings carefully.

• Deal availability: 30.8% of listings are priced as good or great deals.
• Inventory: There are 685 listings available.
• Price trend: Prices have softened 8.01% compared with last year.
• Clean inventory: 87.9% of listings are accident-free.

If you find a listing below $29,175.03, 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 $29,173 sits slightly below last year's $31,713.

That tells you the market has moved down, which can help you buy more confidently today but may also mean slower appreciation if you plan to sell soon. If you keep the car in strong condition and maintain it well, you can help protect your future resale position. For a future seller, the key is to buy at a sensible price now so you have less depreciation to absorb later.

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:

• 30.8% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.9% — always verify the vehicle history report.
• Price trend: Prices have softened 8.01% compared with last year.

The bottom line: The 2023 is the better primary choice if you want the updated styling, modernized cabin tech, and a market that currently offers decent deal availability. If you are especially price-sensitive, a nearby year may be worth comparing, but the 2023 gives you a strong balance of equipment, safety, and current market value.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.