Summary

• With 1,138 currently listed for sale and an average price of $30,413.00, 34.5% 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.

• 92.9% of 2023 XC40 models on CarGurus are accident free.

• The 2023 Volvo XC40 has seen updates including new mild-hybrid powertrains, revised styling, and an Android-based infotainment system.

Why it stands out

The 2023 Volvo XC40 stands out in the crowded subcompact luxury SUV segment thanks to its stylish design and the introduction of mild-hybrid powertrains aimed at improving both efficiency and performance. With a base B4 front-wheel drive powertrain offering 197 horsepower and an upgraded B5 all-wheel drive version providing 247 horsepower, this model caters to a range of driving preferences. Volvo's focus on safety continues to be a hallmark of the XC40, incorporating numerous advanced features as standard, ensuring a high level of protection on the road. Additionally, the XC40 provides a refined driving experience, absorbing bumps with ease, making it a strong candidate for those seeking comfort along with luxury. Although the cargo capacity is somewhat limited compared to rivals, the XC40 compensates with a well-designed interior featuring quality materials and thoughtful touches that enhance the user experience.

Other model years to consider

• 2025 Volvo XC40

  • Average price: $33,317.00
  • Good/great deal percentage: 37.1%
  • User rating: 5 / 5
  • Total listings: 1,384

• 2021 Volvo XC40

  • Average price: $22,852.00
  • Good/great deal percentage: 37.2%
  • User rating: 5 / 5
  • Total listings: 411

• 2024 Volvo XC40

  • Average price: $31,651.00
  • Good/great deal percentage: 34.3%
  • User rating: 4 / 5
  • Total listings: 1,669

This analysis is based on CarGurus' proprietary market data from June 15, 2026, CarGurus experts' opinions, and generative AI.