Used 2023 Volvo XC60 for Sale nearMemphis, TN

How much does the 2023 Volvo XC60 cost?

Prices have softened 10.18% compared to this time last year, making it a favorable time to shop this model year.

There are 2,223 listings available, which suggests you have a meaningful amount of inventory to compare.

Is the 2023 Volvo XC60 a good car?

The 2023 Volvo XC60 is a strong pick if you want a stylish, tech-forward luxury SUV with a plug-in hybrid setup that fits commuting and longer trips alike. It earns 3/5 from users and 8.00/10 from our experts.

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

Its appeal is rooted in the plug-in hybrid formula: you can drive on electricity for short trips and still rely on gasoline for longer drives. The cabin is described as polished and upscale, and the safety equipment is a major strength. The trade-offs are clear, though: acceleration and braking can be abrupt, rear-seat legroom is tight, and the value proposition is questionable for the money.

With 37.1% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2023 Volvo XC60 reliable?

The 2023 Volvo XC60 is presented as a vehicle that has improved over time, with the latest version of the XC60 Recharge described as a blend of style, performance, and efficiency. The plug-in hybrid setup is framed as a practical way to try EV-style driving without giving up a gasoline engine for longer trips.

The performance write-up also points to a powertrain that can be used in multiple ways, including electric-only driving, hybrid operation, and charge mode. That flexibility can make ownership feel adaptable to your routine, especially if you can plug in regularly.

If you want to give EV living a test-drive before fully committing to a pure electric vehicle, the plug-in hybrid setup is a sensible fit. For used buyers, the main long-term risk is that this kind of premium, complex powertrain can be costly if maintenance or repairs are needed outside warranty coverage.

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

Accident-free inventory is excellent at 90.4% — clean inventory, standard diligence applies.

You should still run a vehicle 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 powertrain behaves in both electric and hybrid driving, and pay close attention to brake feel, rear-seat space, and overall condition.

Key things to evaluate:

• Trim level: The lineup includes Core, Plus, Ultimate, and Polestar Engineered, with Bright or Dark exterior themes. The Ultimate trim brings the most equipment, including the available safety features, while the test vehicle also showed how much the higher trims can add in comfort and 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 delivers an estimated 35 miles of electric driving range and 455 horsepower, with driving modes that let you prioritize electric use, hybrid balance, or stronger performance.
• Safety package: Pilot Assist is Volvo’s most advanced driver-assistance system, combining adaptive cruise control with lane-centering capability on the highway. Oncoming Lane Mitigation is also included, and the Ultimate trim came with all available safety features.
• Infotainment: A 12-inch digital instrumentation panel is standard, and the infotainment system uses a 9-inch portrait-style touchscreen with Google Built-in, wireless-style smartphone support through Apple CarPlay and Android-friendly integration, plus 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 stretching into the pricier trims. It makes the most sense if you care more about the core experience than luxury extras.
• Plus: This is the trim to target if you want a better balance of equipment and value. It should be the best-value choice for most shoppers because it sits above the base model without pushing as far into luxury pricing as the top trims.
• Ultimate: This is the one to buy if you want the most complete XC60 experience. It brings the richest cabin presentation and the fullest safety equipment, making it the best fit if comfort and features matter most.
• Polestar Engineered: Choose this only if you want the most performance-focused version of the lineup. It is the enthusiast choice, not the value choice.

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 looks like a moderate, selective buyer’s market, so you can shop with some leverage if you’re patient.

• Deal availability: 37.1% of listings are priced as good or great deals.
• Inventory: There are 2,223 listings available.
• Price trend: Prices have softened 10.18% compared with last year.
• Clean inventory: 90.4% of listings are accident-free.

If you find a listing below $32,423, 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 $32,423 sits slightly below last year's $36,100.

That price movement suggests the XC60 has softened enough to help used buyers, but it also means a future seller may face more competition when it’s time to trade in or list the vehicle. If you buy well now, you may be starting from a more favorable entry price than owners who purchased closer to last year’s average. For resale, condition, mileage, and trim will matter a lot, especially on a premium plug-in hybrid.

Is the 2023 Volvo XC60 safe?

The 2023 Volvo XC60 earns a Top Safety Pick+ rating from IIHS.

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. Oncoming Lane Mitigation is also included to help avoid collisions with oncoming vehicles and unsafe left turns across traffic. 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:

• 37.1% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 90.4% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 10.18% compared with last year.
• The plug-in hybrid setup is appealing if you want electric-only driving without giving up gasoline backup.

Consider the 2022 if:

• At $26,676, the 2022 costs less than the current year's $32,423 average.
• It brings Volvo’s signature style and solid engineering to the segment.

The bottom line: Choose the 2023 if you want the stronger current-market value story and the plug-in hybrid experience described here. If your priority is spending less up front, the 2022 is the better budget-conscious path.

How does the 2023 Volvo XC60 compare to the 2023 Audi Q5?

Expert Pros & Cons (per CarGurus review team)

2023 Volvo XC60:

• Pros: Stylish design, Impressive technology, Great safety ratings.
• Cons: Acceleration and braking can be abrupt, not smooth, Tight rear-seat legroom, Questionable value for the money.

2023 Audi Q5:

• Pros: Standard all-wheel drive, Comfortable, Quiet Cabin.
• Cons: Sluggish engine response.

Our experts score the 2023 Volvo XC60 8/10 and the 2023 Audi Q5 6.5/10. The Volvo comes across as the more distinctive and better-equipped choice, especially if you value style, technology, and safety. The Audi Q5 counters with standard all-wheel drive and a quieter, more comfortable cabin, but its sluggish engine response makes it feel less engaging.

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.