Used 2023 Volvo XC60 for Sale nearChicago, IL

How much does the 2023 Volvo XC60 cost?

Prices have softened 10.43% compared to this time last year, making it a favorable time to shop this model year.

There are 2,302 listings available, which suggests solid inventory for comparison shopping.

Is the 2023 Volvo XC60 a good car?

With a 3/5 user rating and an 8.00/10 expert rating, the 2023 Volvo XC60 is a qualified pick rather than an automatic buy. The model’s appeal comes from its stylish design, impressive technology, and great safety ratings, and it fits especially well if you want a plug-in hybrid luxury SUV that lets you ease into nightly charging without giving up gasoline range for longer trips.

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

The trade-offs are real: acceleration and braking can be abrupt, rear-seat legroom is tight, and value for the money is questionable. That means you should weigh the XC60 most heavily if you care more about design, tech, and safety than outright space or bargain pricing.

Only 36.1% of listings are priced as good or great deals, so you may need to be selective to find the right one.

Is the 2023 Volvo XC60 reliable?

The 2023 Volvo XC60 benefits from a long-running improvement cycle, and the latest version of the XC60 Recharge is presented as a strong blend of style, performance, and efficiency. The plug-in hybrid setup is designed to let you test EV-style ownership while keeping a gasoline engine for longer trips, which can make day-to-day ownership feel more flexible.

The performance setup is straightforward: a turbocharged 2.0-liter four-cylinder engine works with an electric motor and battery pack, and the system can run in Hybrid, Pure, Power, Off-road, or Constant AWD modes. The electric side is meant to support short electric-only driving, while the gasoline engine preserves long-trip usability.

If you want to maximize electric driving, the Pure mode and nightly charging routine are the key habits to build. For used ownership, the main long-term risk is that a complex plug-in hybrid system can be more expensive to live with if prior maintenance or charging habits were inconsistent.

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

Accident-free inventory is excellent at 91.7% — clean inventory, standard diligence applies.

You should still run a history report and prioritize a pre-purchase inspection, especially on a plug-in hybrid where charging behavior and drivetrain condition matter. Focus on how the vehicle drives in both electric and hybrid operation, and pay close attention to brake feel, cabin wear, and rear-seat space if you plan to use it as a family SUV.

Key things to evaluate:

• Trim level: The lineup includes Core, Plus, Ultimate, and PHEV-only Polestar Engineered, with Bright or Dark exterior themes. The Ultimate trim is the one described with the fullest equipment, including a Climate Package, air suspension, and a Bowers & Wilkins sound system, while the base trims will leave out some of those luxury touches.
• Powertrain: The Recharge setup uses a turbocharged 2.0-liter four-cylinder gas engine, an electric motor at the rear, and an 18.8-kWh battery pack. It produces 455 horsepower and 423 pound-feet of torque, with an estimated 35 miles of electric driving range.
• 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: The XC60 uses a 9-inch portrait-style touchscreen with Google Built-in, four years of complimentary access to Google Assistant, Google Maps, and Google Play, plus Apple CarPlay, SiriusXM satellite radio, and Wi-Fi access.
• Fuel efficiency: The test vehicle averaged 54.6 mpg over a 65-mile evaluation route, and a freeway-heavy Charge-mode trip returned 19.7 mpg while adding battery range.

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’s style, safety, and plug-in hybrid appeal without chasing luxury extras. It makes sense if you care most about getting into the model at the lowest likely price.
• Plus: This is the trim to target if you want a better balance of equipment and value. It should be the most sensible choice for many shoppers because it adds more comfort and convenience without pushing you all the way to the top-end pricing.
• Ultimate: This is the best fit if you want the most complete XC60 experience. The test vehicle’s Ultimate setup brought the richest cabin feel, the Climate Package, air suspension, and the premium audio system, making it the strongest choice if you want luxury first.
• Polestar Engineered: This is the one to consider if you want the most performance-focused version of the XC60 Recharge. The content points to it as the version to choose if you plan to drive the SUV hard more often.

The Ultimate trim is the one described as having 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 looks like a moderate, selective-buyer market, so you can shop with some leverage if you stay disciplined.

• Deal availability: 36.1% of listings are priced as good or great deals.
• Inventory: There are 2,302 listings available.
• Price trend: Prices have softened 10.43% compared with last year.
• Clean inventory: 91.7% of listings are accident-free.

If you find a listing below $33,859, 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 $33,942 sits slightly below last year's $37,896.

That price movement suggests the XC60 has already absorbed a meaningful amount of depreciation, which can help you as a buyer today. If you plan to resell later, the current softer pricing may limit near-term upside, especially if you buy close to the average.

The good news for a future seller is that the model still has strong appeal thanks to its safety, design, and plug-in hybrid efficiency. The risk is that expensive trims may be harder to recover fully at resale if the market keeps favoring lower-priced examples.

Is the 2023 Volvo XC60 safe?

The 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 can help prevent collisions with oncoming vehicles or unsafe left turns. The Ultimate trim came with all of the XC60’s available safety features.

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:

• 36.1% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 91.7% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 10.43% compared with last year.
• The mid-2022 powertrain update made the Recharge more appealing among luxury PHEVs.

Consider the 2022 if:

• At $27,240, the 2022 costs less than the current year's $33,942 average.
• It brings Volvo’s signature style and solid engineering to a popular luxury SUV segment.

The bottom line: If you want the stronger all-around package, the 2023 is the better target because it benefits from the updated plug-in hybrid setup and still has softened pricing. If your priority is spending less up front, the 2022 is the more budget-friendly path and still delivers the XC60’s core strengths.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.