How much does the 2023 Volvo XC60 cost?

Prices have softened 9.42% compared to this time last year, making it a favorable time to shop this model year.

With 2,352 listings available, you have a solid amount of inventory to compare across trims and conditions.

If you find a listing below $33,873.96, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Volvo XC60 a good car?

It’s a strong fit if you want a luxury SUV that blends plug-in hybrid flexibility with upscale design and family-friendly safety.

The user rating is 3/5, and the expert rating is 8.00/10.

The model scores 10/10 across Look and feel and Safety.

The XC60 Recharge’s appeal is its dual personality: you can drive on electricity for short trips and still rely on gasoline for longer drives, which helps reduce range anxiety. It also brings stylish design and impressive technology to the table, and its safety reputation is a major part of the package.

The trade-offs are real, though. Acceleration and braking can be abrupt, rear-seat legroom is tight, and the value proposition is questionable for the money.

With 30.0% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2023 Volvo XC60 reliable?

The 2023 XC60 benefits from Volvo’s long-running focus on safety, engineering, and continual improvement, and the Recharge powertrain is presented as a refined step forward after its mid-2022 update.

The expert evaluation describes the plug-in hybrid setup as a smart way to ease into electric driving while keeping gasoline backup for longer trips. It also notes that the updated powertrain became the most powerful in Volvo’s history for this application, and that the added electric motor makes the SUV more engaging than before.

On the ownership side, the model’s blend of electric commuting and gasoline flexibility can make day-to-day use feel practical rather than experimental. If you plan to keep one long term, the main risk is that a complex luxury PHEV can be costly to own if you buy a poorly maintained example.

What should I look for when buying a used 2023 Volvo XC60?

Accident-free inventory is excellent at 92% — clean inventory, standard diligence applies.

You should still run a history report and prioritize a pre-purchase inspection, especially on a plug-in hybrid luxury SUV where repair costs can climb quickly. Focus on how the drivetrain behaves in both electric and hybrid operation, and make sure the cabin, electronics, and braking feel consistent on a test drive.

Key things to evaluate:

• Trim level: The lineup includes Core, Plus, Ultimate, and PHEV-only Polestar Engineered, with Bright or Dark exterior themes. The test vehicle’s Ultimate package added upscale touches such as a panoramic sunroof, crystal gear selector knob, and premium audio, while the base experience is less lavish.
• Powertrain: The Recharge setup uses a turbocharged 2.0-liter four-cylinder gas engine, an electric motor, and an 18.8-kWh battery pack. It delivers an estimated 35 miles of electric driving range and 455 horsepower, with a soft, compliant ride in normal use and stronger response in Power mode.
• Safety package: Pilot Assist combines adaptive cruise control with lane-centering capability, and Oncoming Lane Mitigation can help avoid collisions with oncoming traffic or unsafe left turns. The Ultimate trim came with all available safety features.
• Infotainment: A 9-inch portrait-style touchscreen is standard, along with Google Built-in, wireless-style smartphone support through Apple CarPlay and Android-friendly integration, plus Wi-Fi access and SiriusXM satellite radio. The system also includes voice control and over-the-air-style connected services through Google access.
• Fuel efficiency: The test vehicle averaged 54.6 mpg over a 65-mile evaluation route, and the powertrain can also add battery range in Charge mode while returning 19.7 mpg on a freeway-heavy trip.

Which 2023 Volvo XC60 trim should I buy?

The 2023 Volvo XC60 is offered in 4 trim levels: Core, Plus, Ultimate, and Polestar Engineered.

Here's the short version:

• Core: This is the entry point if you want the XC60 Recharge experience without stretching to the pricier trims. It gives you the plug-in hybrid powertrain and the core Volvo safety and tech foundation, but you give up the richer cabin touches and premium equipment that make the higher trims feel special.
• Plus: This is the trim to watch if you want a better balance of equipment and value. It should give you more comfort and convenience than Core without pushing as far into luxury-showcase territory as Ultimate.
• Ultimate: This is the best-value trim if you want the full Volvo experience. It adds the upscale cabin details, premium audio, and the most complete safety and convenience content, making it the most compelling choice for most used buyers.
• Polestar Engineered: Choose this only if you want the most performance-focused version of the XC60 Recharge. It’s the one to consider if you care most about sharper driving character rather than value.

The Ultimate trim includes all of the XC60’s available safety features, including Pilot Assist and Oncoming Lane Mitigation.

Is now a good time to buy a used 2023 Volvo XC60?

This is a moderate, selective buyer’s market, so you can shop carefully and still find worthwhile listings.

• Deal availability: 30.0% of listings are priced as good or great deals.
• Inventory: There are 2,352 listings available.
• Price trend: Prices have softened 9.42% compared with last year.
• Clean inventory: 92.0% of listings are accident-free.

If you find a listing below $33,873.96, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Volvo XC60's resale value?

The current average of $34,343 sits slightly below last year's $37,916.

That decline suggests the market has already absorbed some depreciation, which can help you if you’re buying now. For a future seller, it also means you should expect the XC60 Recharge to remain a value-sensitive proposition rather than a strong resale standout.

If you keep the vehicle in good condition and avoid overpaying up front, you’ll be in a better position when it’s time to sell. But if you buy near the top of the range, the softer pricing trend could work against you later.

Is the 2023 Volvo XC60 safe?

The 2023 Volvo XC60 B5 and B6 earn a Top Safety Pick+ rating from IIHS, and the XC60 B5 and B6 mild-hybrids earn top marks across the board from NHTSA.

It earns a 10/10 safety score from our experts.

Pilot Assist is Volvo’s most advanced driver-assistance system, combining adaptive cruise control with lane-centering capability on the highway, and Oncoming Lane Mitigation adds another layer of protection against head-on and left-turn conflicts. The Ultimate trim came with all of the XC60’s available safety features.

One caveat is that the crash-test language cited here applies to the B5 and B6 mild-hybrids, while the Recharge PHEV itself was not assessed by NHTSA in the provided data.

Should I buy a 2023 Volvo XC60 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:

• 30.0% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 92% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 9.42% compared with last year.
• It adds a stronger PHEV powertrain after the mid-2022 update, with more electric range and more power.

Consider the 2022 if:

• At $27,452, the 2022 costs less than the current year's $34,343 average.
• It brings updated powertrains and a refreshed infotainment system.

The bottom line: If you want the better-equipped and more advanced plug-in hybrid experience, the 2023 is the stronger pick. If your priority is spending less up front, the 2022 is the smarter value play and still gives you the XC60’s core strengths.

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