Summary

• With 1,045 currently listed for sale and an average price of $30,444.00, 36.1% of 2023 Volvo XC40s for sale on CarGurus are rated as good or great deals.

• Favorably reviewed: Owners rated the 2023 Volvo XC40 2 / 5 stars.

• 91.7% of 2023 XC40 models on CarGurus are accident free.

• The 2023 Volvo XC40 was refreshed with new mild-hybrid powertrains, providing an engaging drive while improving fuel efficiency.

Why it stands out

The 2023 Volvo XC40 distinguishes itself in the competitive luxury subcompact SUV segment through its stylish design, advanced technology, and a focus on safety. The introduction of new mild-hybrid powertrains enhances performance and efficiency, making it a relevant option for buyers inclined toward electrification. The XC40 maintains Volvo's characteristic premium feel, with a minimalist interior design that appeals to those seeking a comfortable and modern driving experience. Notably, it boasts a robust array of standard safety features, which reinforces Volvo's commitment to safety. However, while its driving comfort and ability to handle various terrains are commendable, the cargo space may fall short compared to rivals in the same class. Overall, the XC40 remains a solid choice for those wanting a blend of luxury, technology, and safety in a subcompact SUV.

Other model years to consider

• 2024 Volvo XC40

  • Average price: $31,628.00
  • Good/great deal percentage: 35.7%
  • User rating: 4 / 5
  • Total listings: 1,673

• 2025 Volvo XC40

  • Average price: $33,491.00
  • Good/great deal percentage: 36.8%
  • Total listings: 1,297

• 2021 Volvo XC40

  • Average price: $22,433.00
  • Good/great deal percentage: 33.6%
  • User rating: 5 / 5
  • Total listings: 399

This analysis is based on CarGurus' proprietary market data from May 25, 2026, CarGurus experts' opinions, and generative AI.