Used 2023 Volvo XC40 for Sale nearRoanoke, VA
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:
- Front-Wheel Drive
- Engine:
- 194 hp 2L I4
- Exterior color:
- Black
- Combined gas mileage:
- 28 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 75,689
- Stock #:
- CC13621
- VIN:
- YV4K92HK9P2060418


Sponsored by Terry Auto Group
2023 Volvo XC40
B4 Core FWD
75,689 mi
$22,335
- Year:
- 2024
- 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:
- 27 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 12,901
- Stock #:
- 44P0199
- VIN:
- YV4L12UL2R2277614

Sponsored Listing
2024 Volvo XC40
B5 Plus Dark Theme AWD
12,901 mi
$34,798
- Year:
- 2024
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Bright Dusk Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 9,337
- Stock #:
- PV6467
- VIN:
- YV4L12UF7R2348476

Sponsored Listing
2024 Volvo XC40
B5 Ultimate Bright Theme AWD
9,337 mi
$36,062
- 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:
- Blond
- Transmission:
- Automatic
- Mileage:
- 16,975
- Stock #:
- PV6561
- VIN:
- YV4L12UN9P2969044

2023 Volvo XC40
B5 Plus Bright Theme AWD
16,975 mi
$32,498
- 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:
- Blond
- Transmission:
- Automatic
- Mileage:
- 47,248
- Stock #:
- PV6527
- VIN:
- YV4L12UW3P2093693

2023 Volvo XC40
B5 Plus Dark Theme AWD
47,248 mi
$27,710
- 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:
- Blond
- Transmission:
- Automatic
- Mileage:
- 25,650
- Stock #:
- PV6377
- VIN:
- YV4L12UW1P2070316

2023 Volvo XC40
B5 Plus Dark Theme AWD
25,650 mi
$29,542
- Year:
- 2024
- 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:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 32,030
- Stock #:
- Y1195
- VIN:
- YV4L12UE1R2289626

2024 Volvo XC40
B5 Plus Bright Theme AWD
32,030 mi
$26,734
- Year:
- 2024
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Vapor Gray Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 17,027
- Stock #:
- PV6440
- VIN:
- YV4L12UE7R2275648

2024 Volvo XC40
B5 Plus Bright Theme AWD
17,027 mi
$32,961
- Year:
- 2024
- 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:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 12,124
- Stock #:
- PV6517
- VIN:
- YV4L12UL9R2229463

2024 Volvo XC40
B5 Plus Dark Theme AWD
12,124 mi
$34,070
- Year:
- 2024
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Bright Dusk Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 9,337
- Stock #:
- PV6467
- VIN:
- YV4L12UF7R2348476

2024 Volvo XC40
B5 Ultimate Bright Theme AWD
9,337 mi
$36,062
- 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:
- 22,002
- Stock #:
- PV6397
- VIN:
- YV4L12UX5P2083451

2023 Volvo XC40
B5 Ultimate Dark Theme AWD
22,002 mi
$32,025
- Year:
- 2024
- 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:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 12,887
- Stock #:
- P1537
- VIN:
- YV4L12UM0R2361309

2024 Volvo XC40
B5 Ultimate Dark Theme AWD
12,887 mi
$33,237
- 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:
- Blond
- Transmission:
- Automatic
- Mileage:
- 9,879
- Stock #:
- PV6482
- VIN:
- YV4L12UW8P2987334

2023 Volvo XC40
B5 Plus Dark Theme AWD
9,879 mi
$32,098
CarGurus Analysis:
2023 Volvo XC40
With 93 currently listed for sale near Roanoke, VA and an average price of $30,829, 91.4% 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 and CarGurus experts gave it a 7.5 / 10.
100.0% of 2023 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:
- Thunder Gray Metallic
- Combined gas mileage:
- 26 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 29,477
- Stock #:
- PV6402
- VIN:
- YV4L12UX7P2070989

2023 Volvo XC40
B5 Ultimate Dark Theme AWD
29,477 mi
$31,512
- 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
- Transmission:
- Automatic
- Mileage:
- 20,841
- Stock #:
- 15AP2928
- VIN:
- YV4L12UA5P2081081

2023 Volvo XC40
B5 Ultimate Bright Theme AWD
20,841 mi
$31,648
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- Front-Wheel Drive
- Engine:
- 194 hp 2L I4
- Exterior color:
- Silver
- Combined gas mileage:
- 28 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 53,468
- Stock #:
- 28511823
- VIN:
- YV4K92HM3P2044264

2023 Volvo XC40
B4 Ultimate Dark Theme FWD
53,468 mi
$25,997
- Year:
- 2024
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 247 hp 2L I4
- Exterior color:
- Bright Dusk Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blonde
- Transmission:
- Automatic
- Mileage:
- 28,868
- Stock #:
- H4229
- VIN:
- YV4L12UE6R2306453

2024 Volvo XC40
B5 Plus Bright Theme AWD
28,868 mi
$29,449
- Year:
- 2024
- 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:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 23,985
- Stock #:
- 29020204
- VIN:
- YV4L12UE7R2300757

2024 Volvo XC40
B5 Plus Bright Theme AWD
23,985 mi
$30,197
- 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:
- 36,929
- Stock #:
- PV6461
- VIN:
- YV4L12UA0P2108736

2023 Volvo XC40
B5 Ultimate Bright Theme AWD
36,929 mi
$29,980
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- Front-Wheel Drive
- Engine:
- 194 hp 2L I4
- Exterior color:
- Fusion Red Metallic
- Combined gas mileage:
- 28 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 17,240
- Stock #:
- PV6146
- VIN:
- YV4K92HN7P2918981

2023 Volvo XC40
B4 Plus Bright Theme FWD
17,240 mi
$29,364
- Year:
- 2024
- 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:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- Automatic
- Mileage:
- 11,495
- Stock #:
- PV6280
- VIN:
- YV4L12UL4R2229533

2024 Volvo XC40
B5 Plus Dark Theme AWD
11,495 mi
$33,693
- Year:
- 2023
- Make:
- Volvo
- Model:
- XC40
- Body type:
- SUV / Crossover
- Doors:
- 4 doors
- Drivetrain:
- Front-Wheel Drive
- Engine:
- 194 hp 2L I4
- Exterior color:
- Fjord Blue Metallic
- Combined gas mileage:
- 28 MPG
- Fuel type:
- Gasoline
- Interior color:
- Blond
- Transmission:
- Automatic
- Mileage:
- 32,610
- Stock #:
- AP2964246
- VIN:
- YV4K92HX7P2964246

-$899
2023 Volvo XC40
B4 Ultimate Dark Theme FWD
32,610 mi
$26,162
$25,263
- 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:
- Blond
- Transmission:
- Automatic
- Mileage:
- 25,650
- Stock #:
- PV6377
- VIN:
- YV4L12UW1P2070316

Sponsored Listing
2023 Volvo XC40
B5 Plus Dark Theme AWD
25,650 mi
$29,542
CarGurus Analysis: 2023 Volvo XC40
overall

Summary
With 93 currently listed for sale near Roanoke, VA and an average price of $30,829, 91.4% 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 and CarGurus experts gave it a 7.5 / 10.
100.0% of 2023 XC40 models on CarGurus are accident free.
Why it stands out
The 2023 Volvo XC40 stands out as Volvo’s smallest crossover SUV, and for this model year it gained several notable updates, including new mild-hybrid powertrains, revised styling, and the Android-based infotainment system previously seen on the XC40 Recharge and other Volvo models. That combination gives the XC40 a more modern feel without losing the compact, entry-level luxury positioning that defines Volvo’s “40” models. It remains aimed at shoppers who want a premium small SUV with a distinctive design and a comfortable driving experience.
Its appeal is strengthened by the availability of multiple powertrain options, along with base Core, mid-level Plus, and top Ultimate trim levels and B4 front-wheel drive and B5 all-wheel drive drivetrains. The XC40’s stylish design and comfort are clear strengths, making it an attractive choice for buyers who value refinement and a polished cabin experience in a small package.
There are tradeoffs, though. The XC40 is not especially generous when it comes to cargo space, so buyers who need maximum utility may find it limiting. Even so, the 2023 XC40’s mix of updated technology, fresh styling, and approachable luxury character helps it remain a compelling option in the subcompact premium SUV class.
Other model years to consider
- Average price: $32,989
- Good/great deal percentage: 95.3%
- User rating: 5 / 5
- Total listings: 85
- Average price: $23,488
- Good/great deal percentage: 82.2%
- Total listings: 90
- Average price: $22,980
- Good/great deal percentage: 41.3%
- User rating: 4.67 / 5
- Total listings: 46
This analysis is based on CarGurus' proprietary market data from September 28, 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.
2.0 Overall rating
Filter by rating
mandy m
Reviewed a 2023 Volvo XC40 on Jan 4, 2023
Brake is a problem in this car- onr has to press hard and all the way to the end to get complete brake.
2023 Volvo XC40 Trims
| Trim type | MSRP |
|---|---|
| B4 Core FWD | $36,350 |
| B4 Plus Bright Theme FWD | $40,750 |
| B4 Ultimate Dark Theme FWD | $44,500 |
| B5 Core AWD | $38,350 |
| B5 Ultimate Dark Theme AWD | $46,500 |
| B5 Ultimate Bright Theme AWD | $46,500 |
| B5 Plus Bright Theme AWD | $42,750 |
| B5 Plus Dark Theme AWD | $42,750 |
*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.
2023 Volvo XC40 Price Trends
CarGurus tracks the prices of millions of used car listings every year. See how the average price of 2023 Volvo XC40 prices has changed over time.
See more price trends2023 Volvo XC40 Pricing Analysis: Roanoke, VA Market Report
Pricing by Nearby Locations
Market Area: Roanoke, VA
Key Insights
- Highest Prices in Blacksburg: The city of Blacksburg, VA has the highest average price at $35,421, likely due to its proximity to a university and higher demand for compact luxury SUVs.
- Lowest Prices in Danville: Danville, VA offers the lowest average price at $25,547, indicating a more price-sensitive market or higher inventory turnover.
- Inventory Variation: Cities like Martinsville (98 listings) and Lynchburg (95 listings) show a healthy inventory, which correlates with moderate pricing around $29,307 and $30,829, respectively.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Blacksburg, VA | 88 | $35,421 |
| Martinsville, VA | 98 | $29,307 |
| Lynchburg, VA | 95 | $30,829 |
| Danville, VA | 90 | $25,547 |
| Greensboro, NC | 97 | $27,804 |
| Winston Salem, NC | 98 | $28,288 |
| Salisbury, NC | 102 | $27,833 |
| Abingdon, VA | 89 | $28,998 |
Pricing by Trim Packages
Key Insights
- AWD Trims Dominate Listings: The B5 Plus Bright Theme AWD is the most common trim with 36 listings, reflecting strong demand for all-wheel drive options.
- Price Range Across Trims: The B4 Core FWD is the most affordable trim at an MSRP of $36,350, while the B5 Ultimate Dark Theme AWD commands a premium at $46,500, indicating a significant markup for luxury features.
- Feature-Rich Offerings: All trims include desirable features such as Bluetooth, Navigation System, and Heated Seats, appealing to a wide range of buyers.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| B5 Plus Dark Theme AWD | 33 | $42,750 | AWD | 2.0L 247 hp I4 |
| B5 Plus Bright Theme AWD | 36 | $42,750 | AWD | 2.0L 247 hp I4 |
| B5 Ultimate Dark Theme AWD | 11 | $46,500 | AWD | 2.0L 247 hp I4 |
| B5 Ultimate Bright Theme AWD | 9 | $46,500 | AWD | 2.0L 247 hp I4 |
| B5 Core AWD | 13 | $38,350 | AWD | 2.0L 247 hp I4 |
| B4 Ultimate Dark Theme FWD | 11 | $44,500 | FWD | 2.0L 194 hp I4 |
| B4 Core FWD | 3 | $36,350 | FWD | 2.0L 194 hp I4 |
| B4 Plus Bright Theme FWD | 1 | $40,750 | FWD | 2.0L 194 hp I4 |
Pricing Analysis by Model Year
Key Insights
- New Models at a Premium: The 2026 Volvo XC40 is priced at $42,404, which is approximately 6.3% above its MSRP, indicating strong demand for the latest model.
- Significant Depreciation for Older Models: The 2022 model shows a steep decline, priced at $23,488, which is about 33.5% below its original MSRP.
- Best Value in 2025 Model Year: The 2025 XC40 is currently priced at $32,989, reflecting a more moderate depreciation of -18.0%, making it a potentially attractive option for buyers.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2026 Volvo XC40 | $39,900 | $42,404 | +6.3% |
| 2025 Volvo XC40 | $40,650 | $32,989 | -18.0% |
| 2022 Volvo XC40 | $35,100 | $23,488 | -33.5% |
| 2019 Volvo XC40 | $33,700 | $23,991 | -28.9% |
These recommendations are based on CarGurus' proprietary market data from September 23, 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 2023 Volvo XC40 cost?
| Metric | Value |
|---|---|
| Current Average Price | $28,553 |
| Year-Round Low | $28,430 |
| Year-Round High | $31,390 |
| Average Price a Year Ago | $31,389 |
| Change vs. Last Year | −9.03% |
Prices have softened 9.03% compared to this time last year, making it a favorable time to shop this model year.
There are 1,171 listings available, which suggests solid inventory for a compact luxury SUV.
Is the 2023 Volvo XC40 a good car?
It’s a mixed but appealing choice if you want a small luxury SUV with a polished cabin, distinctive styling, and a comfortable driving experience; the user rating is 2/5, and the expert rating is 7.5/10.
The standout strength is Look and feel at 9/10.
The XC40’s updated styling and Android-based infotainment give it a more modern feel, while its compact, entry-level luxury positioning keeps it approachable. The trade-offs are that it is not especially generous with cargo space, and the cost-effectiveness score is only 5/10, so value is not its strongest suit.
With 36.6% of listings marked as good or great deals, you have some room to shop selectively rather than rush.
Is the 2023 Volvo XC40 reliable?
The 2023 XC40 leans on Volvo’s safety-first reputation and a refined mild-hybrid setup that adds a 48-volt electrical system and starter-generator assistance for smoother operation and improved fuel economy.
That mild-hybrid system is designed to support the gasoline engine, fill in power delivery gaps, and make start/stop operation more seamless. Volvo also backs the XC40 with a four-year/50,000-mile limited warranty, which is standard coverage but still helpful for a used buyer weighing added drivetrain complexity.
For long-term ownership, the main risk is that the newer mild-hybrid hardware adds complexity, so a careful pre-purchase inspection matters more than usual.
What should I look for when buying a used 2023 Volvo XC40?
Accident-free inventory is excellent at 91.2% — clean inventory, standard diligence applies.
You should still run a vehicle history report and prioritize a pre-purchase inspection, especially if you’re considering a higher-mileage example or one with optional equipment. Focus on overall condition, how the infotainment and driver-assist systems operate, and whether the cabin shows the kind of wear you’d expect from a premium small SUV.
Key things to evaluate:
- Trim level: The base Core trim gives you the XC40’s core luxury look and standard safety equipment, but Plus and Ultimate add useful equipment such as fog lights, front parking sensors, side parking sensors, a 360-degree camera system, adaptive cruise control, and Pilot Assist.
- Powertrain: The B4 uses a 2.0-liter turbocharged four-cylinder with mild-hybrid assistance and front-wheel drive, while the B5 adds more power and all-wheel drive. The mild-hybrid system is meant to improve smoothness and fuel economy.
- Safety package: Standard equipment includes lane keep assist, automatic emergency braking, Oncoming Lane Mitigation, traffic sign recognition, rear parking sensors, blind spot monitoring, and rear cross traffic alert. Adaptive cruise control and Pilot Assist are not standard on the base trim.
- Infotainment: You get a 12.3-inch digital instrument cluster and a 9-inch portrait touchscreen, plus Google-based built-in apps, Apple CarPlay, and Bluetooth support.
- Fuel efficiency: The B4 FWD is rated at 27 mpg combined, and the B5 AWD is rated at 26 mpg combined. Volvo says the mild-hybrid setup improves efficiency, and the B5 AWD returned 27.3 mpg in observed testing.
Which 2023 Volvo XC40 trim should I buy?
The 2023 Volvo XC40 is offered in 3 trim levels: Core, Plus, Ultimate.
Here's the short version:
- Core: This is the entry point, and it gives you the XC40’s standard safety equipment and modern infotainment, but it skips some convenience and driver-assistance upgrades that many luxury shoppers will want.
- Plus: This is the best-value choice for most buyers because it adds useful equipment like fog lights and front parking sensors without pushing you all the way to the top trim.
- Ultimate: Choose this if you want the most complete XC40 experience, including side parking sensors, a 360-degree camera system, adaptive cruise control, and Pilot Assist.
The safety package is strongest on Plus and Ultimate, since the base Core does not include adaptive cruise control.
Is now a good time to buy a used 2023 Volvo XC40?
This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile listings.
- Deal availability: 36.6% of listings are priced as good or great deals.
- Inventory: There are 1,171 listings available.
- Price trend: Prices have softened 9.03% compared with last year.
- Clean inventory: 91.2% of listings are accident-free.
If you find a listing below $28,430, that's toward the low end of the year-round range and worth acting on quickly.
What is the 2023 Volvo XC40's resale value?
The current average of $28,553 sits slightly below last year's $31,389.
That price movement suggests the XC40 has already absorbed a meaningful amount of depreciation, which can help you as a buyer today. If you plan to sell later, the same trend means resale value may continue to soften unless the market tightens or your specific trim and condition stand out.
For a future seller, the best protection is buying well now and keeping the vehicle in strong cosmetic and mechanical condition. Higher-spec trims and clean history examples should hold up better than a heavily used base model.
Is the 2023 Volvo XC40 safe?
The 2023 XC40 earns Good ratings in most IIHS crash tests, but it was rated Acceptable in the updated side-impact test. It also earns a five-star overall safety rating from NHTSA, with five-star ratings in frontal and side crash tests and a four-star rollover rating.
It earns an 8/10 safety score from our experts.
Volvo equips the XC40 with lane keep assist, automatic emergency braking, Oncoming Lane Mitigation, traffic sign recognition, rear parking sensors, blind spot monitoring, and rear cross traffic alert as standard equipment. Front seats designed to prevent whiplash are standard too.
The main caveat is that adaptive cruise control and Pilot Assist are reserved for the top Ultimate trim, and the base Core trim does not include adaptive cruise control. The IIHS side-impact result is also worth noting if safety is a top priority.
Should I buy a 2023 Volvo XC40 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:
- 36.6% of listings are priced as good or great deals.
- Accident-free inventory is excellent at 91.2% — clean inventory, standard diligence applies.
- Price trend: Prices have softened 9.03% compared with last year.
- For 2023, Volvo added new mild-hybrid powertrains, revised styling, and the Android-based infotainment system, giving this model year a more modern feel than earlier versions.
The bottom line: The 2023 XC40 makes the most sense if you want the updated powertrain and tech package in a compact luxury SUV and you’re comfortable shopping carefully for the right trim and condition. If you’re especially price-sensitive, a nearby year may be worth comparing, but the 2023’s updates and softer pricing make it the more compelling target for many used buyers.
These recommendations are based on CarGurus' proprietary market data from September 29, 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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