Used 2024 Volvo XC40 for Sale nearChicago, IL

How much does the 2024 Volvo XC40 cost?

Prices have softened 1.75% compared to this time last year, making it a favorable time to shop this model year.

There are 1,410 listings available, which suggests you should have a reasonable range of options to compare.

Is the 2024 Volvo XC40 a good car?

Generally — the 2024 Volvo XC40 earns a 4/5 user rating, which points to solid overall satisfaction. It stands out for compact-SUV practicality, a premium-feeling minimalist cabin, quality materials, and thoughtful packaging that makes it feel more upscale than its size suggests. It also brings impressive rear seat room for its footprint, a useful cargo area, and standard driver-assistance features, so it fits well if you want a small luxury SUV that emphasizes comfort and everyday usefulness. The tradeoffs are worth keeping in mind, especially poor rear visibility and fiddly touch-based controls. 36.7% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2024 Volvo XC40 reliable?

Owners rate it 4/5, a solid signal of long-term satisfaction.

The 2024 XC40’s appeal comes from its premium cabin, standard safety equipment, and practical packaging, but the model also carries some reliability concerns. For used buyers, that means you should treat condition and maintenance history as especially important when evaluating long-term ownership risk.

What should I look for when buying a used 2024 Volvo XC40?

Accident-free inventory is excellent at 92.5% — clean inventory, standard diligence applies.

You should still run a vehicle history report and confirm the car’s maintenance record before you commit. Prioritize a thorough inspection of the interior controls, visibility-related wear, and any signs that the premium cabin materials have been heavily used. Focus on overall condition and how well the vehicle has been maintained, since that matters more than mileage alone on a used luxury compact SUV.

Is now a good time to buy a used 2024 Volvo XC40?

This looks like a moderate, selective buyer’s market, so you can shop carefully without feeling rushed.

• Deal availability: 36.7% of listings are priced as good or great deals.
• Inventory: There are 1,410 listings available.
• Price trend: Prices have softened 1.75% compared with last year.
• Clean inventory: 92.5% of listings are accident-free.

If you find a listing below $29,117, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Volvo XC40's resale value?

The current average of $31,122 sits slightly below last year's $31,676.

That softer pricing suggests the market has eased a bit, which can help you buy more selectively now. For a future seller, the current trend implies resale value may depend heavily on condition, mileage, and how well the vehicle has been maintained. If you keep the XC40 clean, well-documented, and in strong mechanical shape, you should be better positioned when it’s time to sell.

Vehicles with solid owner satisfaction ratings, like this model year's 4/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2024 Volvo XC40 or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 36.7% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 92.5% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 1.75% compared with last year.
• Owners rate it 4/5 — a solid satisfaction signal.

Consider the 2023 if:

• At $28,947, the 2023 costs less than the current year's $31,122 average.
• It adds updated mild-hybrid powertrains and a more modern infotainment setup.

The bottom line: If you want the stronger current-market balance of price, inventory, and clean listings, the 2024 is the better primary target. If your priority is spending less upfront, the 2023 is the smarter secondary path, especially if you find one in strong condition with the updates you want.

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