Used 2023 Volvo XC60 for SaleNationwide

How much does the 2023 Volvo XC60 cost?

Prices have softened 10.41% compared to this time last year, making it a favorable time to shop this model year.

There are 2,276 listings available, which suggests you have a solid amount of inventory to compare.

Is the 2023 Volvo XC60 a good car?

The 2023 Volvo XC60 is a mixed but appealing choice if you want a stylish, tech-forward luxury SUV with strong safety credentials and plug-in hybrid flexibility. It earns 3/5 from users and 8.00/10 from our experts.

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

The XC60’s appeal is reinforced by its stylish design, impressive technology, and great safety ratings. It also fits buyers who want to ease into nightly charging and electric-only driving without giving up the security of a gasoline engine for longer trips.

The trade-offs are real: acceleration and braking can be abrupt rather than smooth, rear-seat legroom is tight, and value for the money is questionable.

With 35.8% of listings priced as good or great deals, you have some room to shop selectively.

Is the 2023 Volvo XC60 reliable?

The 2023 Volvo XC60 benefits from a mid-2022 powertrain update that helped improve the plug-in hybrid’s overall appeal, and the model has continued to get better with age since its last full redesign.

The plug-in hybrid setup is designed to let you commute on electricity, then fall back on gasoline for longer trips, which reduces range anxiety and broadens day-to-day usability. The powertrain also delivers strong output and can be driven in Pure, Hybrid, Power, and Charge modes, giving you flexibility in how you use the vehicle.

The performance notes suggest the XC60 Recharge can be exceptionally quick, but also that its behavior can feel abrupt at times, especially when accelerating from a stop or switching modes. On the cost side, the plug-in hybrid can be a smart way to test EV-style ownership before fully committing to a battery-electric vehicle.

For used buyers, the main long-term risk is that a sophisticated plug-in hybrid luxury SUV can be expensive to own if you’re not getting the efficiency and charging habits that make it worthwhile.

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

Accident-free inventory is excellent at 91.8% — 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 with complex electronics and multiple drive modes. Focus on overall condition, charging behavior, brake feel, and whether the cabin and technology features work as intended.

Key things to evaluate:

• Trim level: The Ultimate package brings the most complete equipment set, including the available safety features, a panoramic sunroof, and upscale interior touches such as the Orrefors crystal gear selector knob. Base trims will feel less richly equipped, so you should compare feature content carefully if you want the best cabin experience.
• 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 455 horsepower and 423 pound-feet of torque, with an estimated 35 miles of electric driving range.
• 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 gets all available safety features.
• Infotainment: The XC60 uses a 9-inch portrait-style touchscreen with Google Built-in, four years of complimentary Google Assistant, Google Maps, and Google Play access, plus Apple CarPlay, SiriusXM satellite radio, and Wi-Fi access.
• Fuel efficiency: In testing, the XC60 Recharge averaged 54.6 mpg over a 65-mile evaluation route, and a freeway-heavy Charge-mode trip returned 19.7 mpg.

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 basic style, plug-in hybrid capability, and core Volvo safety and tech without paying for the richer cabin upgrades. It makes sense if you care more about getting into the model than about luxury extras.
• Plus: This is the trim to target if you want a better balance of equipment and value. It should give you more of the XC60 experience without pushing you into the highest-priced versions, making it the best-value choice for many shoppers.
• Ultimate: This is the most complete mainstream trim and the one that best matches the XC60’s upscale personality. It adds the richest interior presentation and comes with all available safety features, so it’s the best pick if you want the most polished daily-driver experience.
• Polestar Engineered: This is the enthusiast-oriented choice if you want the most performance-focused version of the XC60 lineup. It’s the trim to consider if driving character matters more to you 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 buyer’s market, so you can shop selectively without expecting every listing to be a bargain.

• Deal availability: 35.8% of listings are priced as good or great deals.
• Inventory: There are 2,276 listings available.
• Price trend: Prices have softened 10.41% compared with last year.
• Clean inventory: 91.8% of listings are accident-free.

If you find a listing below $33,840, 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 $33,840 sits slightly below last year's $37,771.

That price drop suggests the XC60 has become more approachable for used buyers, which can help you enter the market at a lower cost. For a future seller, though, it also means you should expect resale values to reflect the model’s softer pricing trend rather than a strong premium.

If you buy well and keep the vehicle in strong condition, you can still protect value better than a neglected example. But the current market shows that shoppers have leverage, so future resale will likely depend heavily on trim, mileage, and condition.

Is the 2023 Volvo XC60 safe?

The 2023 Volvo XC60 Recharge has not been assessed by NHTSA, but the XC60 B5 and B6 earn 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, helping to avoid collisions with oncoming vehicles and assisting with unsafe left turns across traffic.

Because the Ultimate trim came with all available safety features, you should expect the most complete safety package there. The main caveat is that the crash-test ratings cited apply to the B5 and B6 mild-hybrid versions, not the Recharge plug-in hybrid.

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:

• 35.8% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 91.8% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 10.41% compared with last year.
• The 2023 XC60 Recharge stands out as an appealing luxury PHEV with stylish design, impressive technology, and great safety ratings.

Consider the 2022 if:

• At $27,270, the 2022 costs less than the current year's $33,840 average.
• It brings Volvo’s signature style and solid engineering to the segment.

The bottom line: Choose the 2023 if you want the stronger overall package and are comfortable paying more for the updated plug-in hybrid experience. If your priority is saving money up front, the 2022 is the better value path and still gives you the XC60’s core strengths.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.