How much does the 2023 Volvo XC60 cost?

Prices have softened 9.71% compared to this time last year, making it a favorable time to shop this model year.

There are 2,399 listings available, which suggests you have meaningful inventory to compare.

If you find a listing below $33,942.08, 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 useful technology, though you should weigh its compromises carefully. 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 that it lets you try nightly charging and electric-only driving without giving up gasoline-powered road-trip range. It also brings stylish design, impressive technology, and great safety ratings to the table.

The trade-offs are real: acceleration and braking can be abrupt, rear-seat legroom is tight, and the value proposition is questionable.

With 34.4% of listings marked as good or great deals, you still have room to shop selectively.

Is the 2023 Volvo XC60 reliable?

The 2023 XC60 is presented as a model that has improved steadily over time, and the Recharge powertrain is described as a smart way to ease into EV-style ownership without range anxiety. The expert evaluation also emphasizes that the latest version is a revelation for its blend of style, performance, and efficiency.

The powertrain update is a meaningful plus: the refreshed setup added a more powerful electric motor, and the vehicle’s hybrid behavior is described as rewarding for commuting, errands, and occasional road trips. The performance notes also point to a soft, compliant ride in everyday driving and the ability to recover energy through regenerative braking.

If you want to reduce ownership friction, the cost-effectiveness notes say an XC60 Recharge lease is a good solution, and the model’s improvement over time suggests a mature product. For used buyers, the main long-term risk is that a premium plug-in hybrid can become expensive to own if you’re not using the electric side often enough to justify it.

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

Accident-free inventory is excellent at 91.3% — 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 where charging behavior and drivetrain operation matter. Focus on overall condition, because the XC60’s appeal depends heavily on how well the cabin, electronics, and powertrain have been maintained. If you’re shopping a higher-mileage example, pay close attention to how smoothly it transitions between electric and gasoline operation.

Key things to evaluate:

• Trim level: The Ultimate test vehicle came with all available safety features, plus upscale touches like a panoramic sunroof and an Orrefors crystal gear selector knob. Base versions will not feel as richly equipped.
• Powertrain: The Recharge setup uses a turbocharged 2.0-liter four-cylinder gas engine, a rear electric motor, and an 18.8-kWh battery pack. It delivers an estimated 35 miles of electric driving range and 455 horsepower.
• Safety package: Pilot Assist combines adaptive cruise control with lane-centering capability, and Oncoming Lane Mitigation can help avoid collisions with oncoming traffic. The Ultimate trim included all available safety features.
• Infotainment: The XC60 uses a 9-inch portrait-style touchscreen with Google Built-in, wireless-style smartphone integration through Apple CarPlay support, and four years of complimentary access to Google Assistant, Google Maps, and Google Play.
• Fuel efficiency: The XC60 Recharge averaged 54.6 mpg over a 65-mile evaluation route, and it returned 19.7 mpg on a freeway-heavy trip in Charge mode.

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:

• Base trim: Core is the entry point, so it’s the one most likely to leave out the richer cabin touches and the most complete safety content seen on the test vehicle.
• Sweet-spot trim: Plus should be the value play if you want a better feature mix without jumping all the way to the top.
• Premium/top trim: Ultimate is the most compelling if you want the full luxury experience, including the richest interior details and the most complete safety equipment.
• Off-road trim: Polestar Engineered is the one to skip if you mainly want a calm daily driver; the expert notes suggest it’s the choice for drivers who want a more aggressive setup.

The safety package note is simple: the test vehicle’s Ultimate trim came with 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: 34.4% of listings are priced as good or great deals.
• Inventory: There are 2,399 listings available.
• Price trend: Prices have softened 9.71% compared with last year.
• Clean inventory: 91.3% of listings are accident-free.

If you find a listing below $33,942.08, 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 $34,669 sits slightly below last year's $38,397.

That price movement suggests the market has softened, which can help you buy more confidently today. For a future seller, it also means resale value may be under pressure unless the vehicle is especially well equipped or exceptionally clean.

If you own one for a few years, strong condition and documented maintenance should matter more than ever. The current trend also implies that buyers may remain selective, so a well-kept example should stand out more than a rough one.

Is the 2023 Volvo XC60 safe?

The Insurance Institute for Highway Safety gives the XC60 a Top Safety Pick+ rating for the 2022 calendar year.

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, helping avoid collisions with oncoming vehicles and assisting with unsafe left turns across traffic.

The test vehicle’s Ultimate trim came with all available safety features, so lower trims may not match that level of equipment. One caveat is that the PHEV itself has not been assessed by NHTSA, so the strongest published crash-test language in the data applies to the mild-hybrid versions.

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:

• 34.4% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 91.3% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 9.71% compared with last year.
• The refreshed plug-in hybrid powertrain makes this year especially appealing if you want electric driving without range anxiety.

Consider the 2022 if:

• At $27,590, the 2022 costs less than the current year's $34,669 average.
• It brings notable updates, including new powertrains and an updated infotainment system.

The bottom line: Choose the 2023 if you want the stronger plug-in hybrid experience and are comfortable paying more for it. If your priority is lower purchase price, the 2022 is the smarter value path and still gives you many of the XC60’s core strengths.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.