The 1988 Volvo 240 is a quintessential example of Swedish automotive engineering, renowned for its robustness and safety. Part of the long-running 200 series produced from 1974 to 1993, it was available as a two-door sedan, four-door sedan (244), and a five-door wagon (245), with the wagon being particularly iconic. Key trims often included DL, GL, and GLE variants, differing in features and luxury. New, it typically ranged from around $17,000 to $22,000. Its boxy, utilitarian design and reputation for longevity made it a beloved "brick" in an era of more rounded shapes.
The Good
The 1988 Volvo 240 offers unparalleled reliability and practical comfort, making it a favorite for those seeking dependable transport. Its robust "Redblock" engine provides consistent, if not thrilling, performance. The utilitarian design is distinctive and enduring. For emotional buyers, it's a symbol of steadfastness and a bygone era of solid engineering; for practical buyers, its longevity and excellent safety record offer immense long-term value and peace of mind. While not highly efficient by modern standards, its simplicity translates to manageable running costs.
The Bad
Despite its strengths, the 1988 Volvo 240 has some known weaknesses. Common issues include wiring harness degradation, particularly around the engine compartment, leading to electrical gremlins. Rust can be a concern, especially in harsher climates or neglected areas like fender wells and rocker panels. Power steering leaks are also fairly common, and the air conditioning system, if present, often struggles to deliver modern levels of cooling and can be costly to repair or convert. Its performance, while reliable, is not spirited, and fuel economy is only average.
1988 Volvo 240: Quick Overview
Key specifications for the 1988 Volvo 240:
- Engine Options: The primary engine for the 1988 North American market was the B230F, a 2.3-liter SOHC inline-four "Redblock" engine with Bosch LH 2.2 Jetronic fuel injection. Some international markets or earlier models might have featured carbureted or turbocharged variants, but the B230F was the standard for '88 in the U.S.
- Horsepower: The B230F engine in the 1988 Volvo 240 typically produced around 114 horsepower (85 kW) at 5,250 rpm. Torque figures were generally in the range of 136 lb-ft (184 Nm) at 2,750 rpm, providing adequate but not overwhelming power for daily driving.
- Fuel Economy: Fuel economy for the 2.3L engine paired with an automatic transmission averaged around 19-20 MPG city and 24-26 MPG highway. Manual transmission variants might see a slight improvement, but these are estimates and can vary significantly with driving style and maintenance.
- 0-60 MPH Times: Due to its modest horsepower and sturdy build, 0-60 mph acceleration times were not a strong suit. Expect times in the range of 11 to 13 seconds for automatic transmission models, making it a leisurely rather than a quick accelerator.
- Towing Capacity: The Volvo 240, especially the wagon, was surprisingly capable of towing. Depending on the specific configuration and local regulations, towing capacities typically ranged from 2,000 to 3,300 pounds (approximately 907 to 1,497 kg). This made it suitable for small trailers, boats, or light utility hauling.
- Trim-Level Features:
- 240 DL (Deluxe): The base trim, offering essential features like power steering, power brakes, cloth upholstery, and manual windows. Air conditioning was often optional.
- 240 GL (Grand Luxe): Stepped up from the DL, adding features such as upgraded interior trim, power windows, power mirrors, and often a sunroof. Minor exterior styling enhancements were also common.
- 240 GLE (Grand Luxe Executive): The top-tier trim, which included leather upholstery (optional on GL), alloy wheels, cruise control, a more sophisticated audio system, and often heated seats. Exterior chrome accents were also more prevalent on GLE models.
1988 Volvo 240 Specifications
Vehicle Information
| Year | 1988 |
| Make | Volvo |
| Model | 240 |
| Trim | - |
| Style | 5-Speed Manual |
| Type | Sedan |
| Category | Compact Car |
Manufacturing Details
| Made In | Sweden |
| Manufacturing City | GOTHENBURG |
Dimensions
| Doors | 4-Door |
| Curb Weight | 2987 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 56.30 inches |
| Overall Length | 189.90 inches |
| Overall Width | 67.30 inches |
| Wheelbase Length | 104.30 inches |
| Standard Seating | 5 |
Engine & Performance
| Engine | 2.3-L L-4 SOHC 8V |
| Engine Size | 2.3L |
| Engine Cylinders | 4 |
| Transmission | 5-Speed Manual |
| Transmission Type | Manual |
| Transmission Speeds | 5-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | Non-ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $17,250 |
| Invoice Price | - |
| Delivery Charges | - |
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What Problems Does the 1988 Volvo 240 Have?
The 1988 Volvo 240 is celebrated for its robust "Redblock" engine and overall durability, but like any aging vehicle, it has its share of frequently reported problems and long-term reliability concerns. One of the most notorious issues across various 240 model years, including 1988, is the degradation of the engine bay wiring harness. Volvo used an environmentally friendly but ultimately problematic insulation material that becomes brittle, cracks, and exposes wires, leading to a host of electrical gremlins, misfires, and even starting issues. Many owners opt for replacement harnesses as a preventative or corrective measure.
Power steering pump and rack leaks are very common as seals age, often requiring regular fluid top-offs or eventual replacement. Brake calipers can seize, especially the rear ones, if not maintained. Vacuum leaks in the intake system, due to aging hoses and seals, can cause rough idles or poor engine performance.
Another common complaint relates to the air conditioning system. Original R12 systems often fail due to leaks or compressor issues, and conversion to R134a can be costly and may not provide the same cooling efficiency as modern systems. Body rust is also a concern, particularly in areas exposed to road salt or moisture, such as fender wells, rocker panels, and around the windshield and rear window seals. Exhaust system components, like mufflers and catalytic converters, also have finite lifespans and are common replacement items.
While specific recalls for the 1988 model year might be difficult to track down currently, the 240 series did experience recalls over its long production run for issues like faulty seatbelt buckles or fuel system components. For long-term reliability, consistent maintenance, especially addressing the wiring harness and fluid leaks proactively, is key to keeping these "bricks" on the road for hundreds of thousands of miles.
Power steering pump and rack leaks are very common as seals age, often requiring regular fluid top-offs or eventual replacement. Brake calipers can seize, especially the rear ones, if not maintained. Vacuum leaks in the intake system, due to aging hoses and seals, can cause rough idles or poor engine performance.
Another common complaint relates to the air conditioning system. Original R12 systems often fail due to leaks or compressor issues, and conversion to R134a can be costly and may not provide the same cooling efficiency as modern systems. Body rust is also a concern, particularly in areas exposed to road salt or moisture, such as fender wells, rocker panels, and around the windshield and rear window seals. Exhaust system components, like mufflers and catalytic converters, also have finite lifespans and are common replacement items.
While specific recalls for the 1988 model year might be difficult to track down currently, the 240 series did experience recalls over its long production run for issues like faulty seatbelt buckles or fuel system components. For long-term reliability, consistent maintenance, especially addressing the wiring harness and fluid leaks proactively, is key to keeping these "bricks" on the road for hundreds of thousands of miles.
How long will the 1988 Volvo 240 last?
The 1988 Volvo 240 is legendary for its longevity, often reaching 200,000 to 300,000 miles with diligent maintenance. Many owners report vehicles easily surpassing 25 years of service, becoming multi-generational family cars. This remarkable durability stems from robust engineering, particularly the "Redblock" engine and strong chassis. However, achieving high mileage hinges on consistent fluid changes, timing belt replacements, and addressing minor issues before they escalate. Weaknesses that manifest over time include the aforementioned deteriorating wiring harness, aging rubber components (hoses, bushings, seals), and the eventual need for suspension and steering component overhauls. Rust can also become a significant long-term issue if not proactively managed.
What Technology & Safety Features are Included?
The 1988 Volvo 240, while a product of its era, was well-regarded for its emphasis on safety and thoughtful, albeit basic, built-in features.
Built-in Tech and Entertainment:
Standard entertainment was typically an AM/FM stereo with a cassette player, often a high-quality unit for its time. Higher trims might have included more speakers or even a rudimentary graphic equalizer. "Tech" in the modern sense was limited to basic analog gauges for speed, RPM, fuel, and temperature. Some models offered a clock and a trip odometer.
Driver-Assistance Features:
True driver-assistance features as we know them today (like adaptive cruise control, blind-spot monitoring) were non-existent. The 240 relied on mechanical robustness and driver engagement. Power steering and power brakes were standard or widely available, reducing driver effort. Cruise control was an optional, desirable feature on higher trims like the GL and GLE.
Safety Features:
This is where the Volvo 240 truly shone. Volvo was at the forefront of automotive safety, and the 240 embodies this commitment:
Crash Test Ratings:
While formal NHTSA or IIHS crash test ratings as published today were not standard practice in 1988, the Volvo 240 series consistently received high praise for its real-world safety performance. It often topped safety evaluations by organizations that did conduct tests, and its reputation as a "tank" was well-earned. Its design focused on occupant protection long before many competitors, giving it an inherent advantage in crashworthiness compared to many contemporary vehicles.
Built-in Tech and Entertainment:
Standard entertainment was typically an AM/FM stereo with a cassette player, often a high-quality unit for its time. Higher trims might have included more speakers or even a rudimentary graphic equalizer. "Tech" in the modern sense was limited to basic analog gauges for speed, RPM, fuel, and temperature. Some models offered a clock and a trip odometer.
Driver-Assistance Features:
True driver-assistance features as we know them today (like adaptive cruise control, blind-spot monitoring) were non-existent. The 240 relied on mechanical robustness and driver engagement. Power steering and power brakes were standard or widely available, reducing driver effort. Cruise control was an optional, desirable feature on higher trims like the GL and GLE.
Safety Features:
This is where the Volvo 240 truly shone. Volvo was at the forefront of automotive safety, and the 240 embodies this commitment:
- Strong Safety Cage: A remarkably sturdy passenger compartment designed to protect occupants in a collision.
- Large Crumple Zones: Front and rear sections engineered to absorb impact energy, reducing forces on the cabin.
- Three-Point Seatbelts: Pioneered by Volvo and standard for all outboard passengers, often praised for their comfort and effectiveness.
- Headrests: Standard on all seats, mitigating whiplash injuries.
- Energy-Absorbing Steering Column: Designed to collapse in a frontal impact, protecting the driver.
- Child Safety Locks: Standard on rear doors.
- Optional ABS (Anti-lock Braking System): Available on some later 240 models, including potentially the 1988, significantly enhancing braking control in slippery conditions.
Crash Test Ratings:
While formal NHTSA or IIHS crash test ratings as published today were not standard practice in 1988, the Volvo 240 series consistently received high praise for its real-world safety performance. It often topped safety evaluations by organizations that did conduct tests, and its reputation as a "tank" was well-earned. Its design focused on occupant protection long before many competitors, giving it an inherent advantage in crashworthiness compared to many contemporary vehicles.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
1988 Volvo 240 Prices and Market Value
When new in 1988, a Volvo 240 DL sedan typically retailed in the range of $17,000 to $19,000, with GL and GLE wagons potentially exceeding $22,000 to $24,000 depending on options. This positioned it as a mid-range to near-premium offering.
Today, the used market prices vary wildly. A project car might be found for under $1,000, while a well-maintained, low-mileage example, especially a wagon, can fetch anywhere from $5,000 to $15,000 or more, particularly if it's a desirable trim or special edition.
Depreciation from new was significant initially, as with most vehicles. However, the 240 series has experienced a "reverse depreciation" or appreciation in recent years due to its cult status, reliability, and classic appeal. Factors affecting resale value include overall condition, mileage, complete service records, the presence of rust, and whether it's a popular wagon body style. Originality and specific features like a manual transmission can also boost value.
Today, the used market prices vary wildly. A project car might be found for under $1,000, while a well-maintained, low-mileage example, especially a wagon, can fetch anywhere from $5,000 to $15,000 or more, particularly if it's a desirable trim or special edition.
Depreciation from new was significant initially, as with most vehicles. However, the 240 series has experienced a "reverse depreciation" or appreciation in recent years due to its cult status, reliability, and classic appeal. Factors affecting resale value include overall condition, mileage, complete service records, the presence of rust, and whether it's a popular wagon body style. Originality and specific features like a manual transmission can also boost value.
1988 Volvo 240 Cost of Ownership
Long-term ownership of a 1988 Volvo 240 can be surprisingly economical, provided one is prepared for maintenance. Insurance costs are generally low, given its age and safety record. Fuel economy, at 19-26 MPG, is average for its time, but less efficient than modern cars, making fuel a notable ongoing expense. Maintenance is key: regular oil changes, fluid checks, and timing belt replacements are crucial. Repairs can be moderate; parts are generally available and reasonably priced, but specialty items or extensive electrical work can add up. Labor costs are manageable for DIY enthusiasts, but professional shop rates can make some repairs costly. Overall, it's an economical vehicle to own if you prioritize reliability and are proactive with basic upkeep, but neglect will lead to higher repair bills.
1988 Volvo 240 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
15.80 gallons
City Mileage
22 miles/gallon
Highway Mileage
27 miles/gallon
1988 Volvo 240 Warranty
Basic
Original warranty
0 months / No data
Estimated remaining
Expired
Powertrain
Original warranty
0 months / No data
Estimated remaining
Expired
Rust
Original warranty
0 months / No data
Estimated remaining
Expired
1988 Volvo 240 Insurance
Insurance for a 1988 Volvo 240 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1988 Volvo 240 Compare to Other Sedan?
In 1988, the Volvo 240 competed in a segment that included diverse offerings from Europe and Japan, often against vehicles like the Mercedes-Benz 190E, BMW 3-Series (E30), Audi 80/90, and Japanese luxury sedans such as the Toyota Cressida or Nissan Maxima.
Performance: The 240 was consistently outclassed in performance by rivals. BMW's 3-Series and Mercedes' 190E offered more engaging driving dynamics and often more potent engine options. Even the Toyota Cressida often boasted a smoother, more powerful inline-six. The 240 emphasized durability over dynamism.
Features: While Volvos were well-equipped for safety, rivals often offered more luxury and advanced features. BMW and Mercedes typically had more sophisticated interiors, better ergonomics, and sometimes more advanced entertainment or climate control options. The Cressida and Maxima often packed more standard features for the price, aiming for a "near-luxury" experience.
Reliability: This is where the 240 truly shone alongside some Japanese competitors. While BMWs and Mercedes of the era were well-built, their complexity could lead to higher repair costs as they aged. The 240's "Redblock" engine and simple, robust construction gave it an edge in long-term, accessible reliability that few European rivals could match, often surpassing even some Japanese cars in sheer longevity.
Price: The 240 was positioned competitively. It was generally less expensive than a comparable Mercedes 190E or BMW 3-Series but often pricier than a fully-loaded Toyota Cressida or Nissan Maxima. Its value proposition was less about initial features and more about perceived safety and long-term dependability.
Alternatives:
Performance: The 240 was consistently outclassed in performance by rivals. BMW's 3-Series and Mercedes' 190E offered more engaging driving dynamics and often more potent engine options. Even the Toyota Cressida often boasted a smoother, more powerful inline-six. The 240 emphasized durability over dynamism.
Features: While Volvos were well-equipped for safety, rivals often offered more luxury and advanced features. BMW and Mercedes typically had more sophisticated interiors, better ergonomics, and sometimes more advanced entertainment or climate control options. The Cressida and Maxima often packed more standard features for the price, aiming for a "near-luxury" experience.
Reliability: This is where the 240 truly shone alongside some Japanese competitors. While BMWs and Mercedes of the era were well-built, their complexity could lead to higher repair costs as they aged. The 240's "Redblock" engine and simple, robust construction gave it an edge in long-term, accessible reliability that few European rivals could match, often surpassing even some Japanese cars in sheer longevity.
Price: The 240 was positioned competitively. It was generally less expensive than a comparable Mercedes 190E or BMW 3-Series but often pricier than a fully-loaded Toyota Cressida or Nissan Maxima. Its value proposition was less about initial features and more about perceived safety and long-term dependability.
Alternatives:
- For ultimate reliability and practicality (wagon focus): Toyota Cressida wagon, Honda Accord wagon (though smaller).
- For more engaging driving (sedan focus): BMW 3-Series (E30) or Mercedes-Benz 190E, though they come with higher maintenance complexity and costs.
- For a "better" alternative today (if not seeking a classic 240 specifically): A newer, well-maintained Japanese sedan like a Toyota Camry or Honda Accord from the late 1990s or early 2000s would offer better fuel economy, more modern features, and comparable reliability at a potentially lower price point. However, none replicate the unique charm and "brick" aesthetic of the 240.
Final Verdict: Is the 1988 Volvo 240 a Good Sedan?
The 1988 Volvo 240 is ideal for practical buyers seeking a dependable, safe, and easily repairable vehicle with a distinctive retro charm. It's perfect for students, first-time drivers, or anyone desiring a secondary "beater" that offers more character and perceived safety than a comparable modern economy car. It's also a fantastic choice for DIY enthusiasts who appreciate simple mechanicals.
Is it worth buying? Absolutely, but under specific conditions. Look for a well-maintained example with documented service history, ideally a wagon. Be prepared for minor electrical issues (especially the wiring harness) and potential rust. It's an excellent used buy if you value reliability and safety over modern amenities, blistering performance, or cutting-edge fuel economy. Avoid neglected examples unless you're prepared for a restoration project; a well-sorted 240, even at a higher initial price, will save money and headaches in the long run.
Is it worth buying? Absolutely, but under specific conditions. Look for a well-maintained example with documented service history, ideally a wagon. Be prepared for minor electrical issues (especially the wiring harness) and potential rust. It's an excellent used buy if you value reliability and safety over modern amenities, blistering performance, or cutting-edge fuel economy. Avoid neglected examples unless you're prepared for a restoration project; a well-sorted 240, even at a higher initial price, will save money and headaches in the long run.
Eugene S
Eugene is an automotive enthusiast with over 15 years of experience in the used car market. As a writer at VINCheck.info, he brings deep industry insight and a passion for cars, helping readers make smart, informed decisions. Eugene has written hundreds of used car reviews and is known for breaking down complex automotive topics into clear, actionable advice. Over the years, he has driven and worked on a wide range of vehicles—starting with tuning street cars in his early days and eventually focusing on performance upgrades and reliability improvements. Today, he specializes in evaluating used vehicles through the lens of real-world ownership and enthusiast needs. A longtime fan of Porsche, Eugene especially appreciates vehicles that blend durability with driving enjoyment.