The 1992 Volvo 940 is a rear-wheel-drive, mid-size luxury sedan and wagon that continued Volvo's legacy of safety and durability. Produced from 1990 to 1998, it was offered in trims like the base, GLE, and SE. Its popularity stemmed from its robust construction, comfortable ride, and straightforward mechanicals, appealing to those prioritizing longevity and practicality over cutting-edge features.
The Good
The 1992 Volvo 940 excels in reliability and comfort, offering a serene driving experience and a solid, safe feel. Its classic, understated design appeals to those who appreciate timeless aesthetics, while its straightforward engineering ensures ease of maintenance and excellent long-term value, making it a sensible choice for both pragmatists and sentimentalists.
The Bad
Potential buyers of a 1992 Volvo 940 should watch out for aging electrical components, particularly wiring harnesses and sensor failures. Rust can be an issue in certain climates, especially around wheel wells and rocker panels. Transmission issues, though not uncommon, can be costly to repair if not addressed promptly.
1992 Volvo 940: Quick Overview
- Engine Options: The primary engine for the 1992 Volvo 940 was the 2.3-liter turbocharged inline-four (B230FT). A naturally aspirated version (B230F) was also available in some markets.
- Horsepower: The turbocharged B230FT typically produced around 162 horsepower. The naturally aspirated B230F offered approximately 114 horsepower.
- Fuel Economy: Estimated fuel economy for the 1992 Volvo 940 was around 18-20 MPG in the city and 23-26 MPG on the highway, depending on the engine and transmission.
- 0-60 Times: 0-60 mph times were generally in the range of 9-11 seconds for the turbocharged models, and closer to 12-14 seconds for naturally aspirated versions.
- Towing Capacity: While not its primary focus, the 1992 Volvo 940, particularly the wagon, could handle modest towing needs, typically around 1,500 to 3,000 pounds when properly equipped, though specific ratings varied.
- Trim-Level Features:
Base: Typically included power windows, power door locks, air conditioning, and an AM/FM stereo.
GLE: Often added features like alloy wheels, cruise control, upgraded upholstery, and a more premium sound system.
SE (Special Edition): Usually incorporated sportier suspension components, leather seats, heated front seats, and sometimes a limited-slip differential for enhanced performance and luxury.
1992 Volvo 940 Specifications
Vehicle Information
| Year | 1992 |
| Make | Volvo |
| Model | 940 |
| Trim | - |
| Style | - |
| Type | Sedan |
| Category | Mid-Size Car |
Manufacturing Details
| Made In | Sweden |
| Manufacturing City | TORSLANDA |
Dimensions
| Doors | 4-Door |
| Curb Weight | 3009 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 55.50 inches |
| Overall Length | 191.70 inches |
| Overall Width | 69.30 inches |
| Wheelbase Length | 109.10 inches |
| Standard Seating | 5 |
Engine & Performance
| Engine | 2.3-L L-4 SOHC 8V Turbo |
| Engine Size | 2.3L |
| Engine Cylinders | 4 |
| Transmission | 4-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 4-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $24,995 |
| Invoice Price | - |
| Delivery Charges | - |
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What Problems Does the 1992 Volvo 940 Have?
The 1992 Volvo 940 is generally lauded for its robust build quality and long-term reliability. However, like any vehicle of this age, certain issues are more frequently reported. One common concern is the aging of the wiring harness, which can lead to intermittent electrical gremlins, such as malfunctioning gauges, lights, or power accessories. The mass airflow sensor (MAF) can also fail, causing poor engine performance and rough idling.
Ignition components, including spark plug wires and the ignition coil, may require replacement over time due to wear. The ABS system, while effective, can be prone to issues with wheel speed sensors or the ABS control module. For those in areas with harsh winters or high humidity, rust is a concern, particularly in the wheel wells, rocker panels, and strut towers. The automatic transmission, while generally durable, can develop leaks or exhibit delayed shifting if not properly maintained.
Cooling system components, such as radiators and water pumps, can degrade with age and mileage, leading to overheating. While there were no major widespread recalls specific to the 1992 model year that stand out as persistent problems, routine maintenance is crucial. Owners who diligently follow the recommended maintenance schedule, including fluid changes and timely replacement of worn parts, often experience exceptional longevity from their 940s, with many easily surpassing 200,000 or even 300,000 miles.
Ignition components, including spark plug wires and the ignition coil, may require replacement over time due to wear. The ABS system, while effective, can be prone to issues with wheel speed sensors or the ABS control module. For those in areas with harsh winters or high humidity, rust is a concern, particularly in the wheel wells, rocker panels, and strut towers. The automatic transmission, while generally durable, can develop leaks or exhibit delayed shifting if not properly maintained.
Cooling system components, such as radiators and water pumps, can degrade with age and mileage, leading to overheating. While there were no major widespread recalls specific to the 1992 model year that stand out as persistent problems, routine maintenance is crucial. Owners who diligently follow the recommended maintenance schedule, including fluid changes and timely replacement of worn parts, often experience exceptional longevity from their 940s, with many easily surpassing 200,000 or even 300,000 miles.
How long will the 1992 Volvo 940 last?
Based on owner data and anecdotal evidence, the 1992 Volvo 940 is renowned for its exceptional long-term durability. With regular and diligent maintenance, it's not uncommon for these vehicles to reach or exceed 250,000 to 300,000 miles, with many still running strong well past that. The robust construction and straightforward mechanical design contribute significantly to this longevity. Weaknesses that can emerge over time are typically related to aging rubber components (hoses, bushings) and electrical connectors due to heat and oxidation. Rust can also be a limiting factor depending on the climate and previous care. However, the core engine and drivetrain components are remarkably resilient, making the 940 a vehicle capable of many years and hundreds of thousands of miles of service.
What Technology & Safety Features are Included?
The 1992 Volvo 940, while not a technological marvel by today's standards, prioritized safety and user-friendly features.
Safety Features: Volvo's reputation for safety was well-earned with the 940. Standard safety equipment included anti-lock brakes (ABS), driver and front passenger airbags, three-point seatbelts for all occupants with pretensioners for the front seats, and side-impact door beams. The strong unibody construction and strategically placed crumple zones were hallmarks of Volvo's design philosophy. Crash-test ratings from the era, while not standardized as they are today, generally indicated strong performance, with Volvos consistently performing well in frontal and side impact tests conducted by organizations like the IIHS and NHTSA.
Technology and Entertainment: Built-in technology was relatively basic. Entertainment typically consisted of an AM/FM radio with a cassette player. Higher trims might have offered a more advanced stereo system with additional speakers. Power windows and locks were common, and air conditioning was standard on most models. Cruise control was often included, especially on higher trims.
Driver-Assistance Features: Driver-assistance features were virtually non-existent in the modern sense. The primary focus was on passive safety and the mechanical systems that supported safe driving, such as ABS.
Optional Features: Optional features could include leather upholstery, heated front seats, a sunroof, alloy wheels, and sometimes fog lights. The SE trim often bundled many of these more luxurious or performance-oriented options. Overall, the 1992 Volvo 940 offered a safe and comfortable environment, with technology focused on fundamental comfort and essential safety.
Safety Features: Volvo's reputation for safety was well-earned with the 940. Standard safety equipment included anti-lock brakes (ABS), driver and front passenger airbags, three-point seatbelts for all occupants with pretensioners for the front seats, and side-impact door beams. The strong unibody construction and strategically placed crumple zones were hallmarks of Volvo's design philosophy. Crash-test ratings from the era, while not standardized as they are today, generally indicated strong performance, with Volvos consistently performing well in frontal and side impact tests conducted by organizations like the IIHS and NHTSA.
Technology and Entertainment: Built-in technology was relatively basic. Entertainment typically consisted of an AM/FM radio with a cassette player. Higher trims might have offered a more advanced stereo system with additional speakers. Power windows and locks were common, and air conditioning was standard on most models. Cruise control was often included, especially on higher trims.
Driver-Assistance Features: Driver-assistance features were virtually non-existent in the modern sense. The primary focus was on passive safety and the mechanical systems that supported safe driving, such as ABS.
Optional Features: Optional features could include leather upholstery, heated front seats, a sunroof, alloy wheels, and sometimes fog lights. The SE trim often bundled many of these more luxurious or performance-oriented options. Overall, the 1992 Volvo 940 offered a safe and comfortable environment, with technology focused on fundamental comfort and essential safety.
What Colors Options are Available?
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1992 Volvo 940 Prices and Market Value
When new, the 1992 Volvo 940 typically ranged from approximately $22,000 to $30,000, depending on the trim level and chosen options. These were considered premium prices for their class, reflecting Volvo's reputation for safety and build quality. The 940 experienced moderate depreciation in its early years. However, as the vehicle aged, its strong reputation for longevity and reliability has stabilized its used market value. Currently, 1992 Volvo 940 models in good condition with lower mileage can fetch anywhere from $3,000 to $8,000. Factors significantly affecting resale value include maintenance history, overall condition (rust, interior wear), mileage, and the presence of desirable original features or rare factory options. Well-maintained, original examples are highly sought after by enthusiasts.
1992 Volvo 940 Cost of Ownership
The 1992 Volvo 940 is generally economical to own, particularly considering its durability. Insurance costs are typically moderate, especially for older vehicles, though classic car insurance can be an option for well-preserved examples. Fuel economy, while not class-leading, is respectable for its era, especially with the turbocharged engine. Maintenance is straightforward and parts are generally affordable and readily available. Repairs are often predictable, with common issues being electrical or aging rubber components. The long-term ownership cost is low due to the vehicle's inherent reliability and the avoidance of expensive, complex modern electronics. It's a cost-effective choice for reliable transportation.
1992 Volvo 940 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
15.80 gallons
City Mileage
20 miles/gallon
Highway Mileage
28 miles/gallon
1992 Volvo 940 Safety Rating
NHTSA
IIHS
1992 Volvo 940 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
1992 Volvo 940 Insurance
Insurance for a 1992 Volvo 940 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1992 Volvo 940 Compare to Other Sedan?
The 1992 Volvo 940 competed in the mid-size luxury sedan and wagon segment against rivals like the Mercedes-Benz 190E, BMW 3 Series (E30/E36), Audi 80/90, and American offerings such as the Buick Century/Oldsmobile Cutlass Ciera.
Performance: The 940's turbocharged engine offered respectable, though not exhilarating, performance. It lagged behind the sportier BMW 3 Series and some Mercedes variants in terms of acceleration and handling prowess. The naturally aspirated models were even more modest in performance.
Features: Compared to its German rivals, the 940 was less focused on cutting-edge technology and more on robust build and comfort. While Mercedes and BMW offered more advanced luxury amenities and refined interiors, the 940 provided a comfortable, functional, and safe cabin.
Reliability: This is where the Volvo 940 truly shone. It consistently outperformed many of its competitors in long-term reliability surveys. Its simpler mechanicals and over-engineered construction meant fewer complex issues compared to more intricate European counterparts. American cars in this class often struggled with build quality and long-term durability in comparison.
Price: The Volvo 940 was often priced competitively, generally sitting below similarly equipped Mercedes-Benz or BMW models, offering a strong value proposition for its durability and safety.
Alternatives:
Similar: The Saab 9000 offers a similarly sturdy build and quirky charm with good performance from its turbo engines. The Audi 100/A6 from the same era also offered good build quality and comfort.
Better (if prioritizing sportiness/luxury): A BMW 3 Series (E36) offers superior handling and performance, but often at the cost of greater maintenance complexity and potentially less long-term reliability. A Mercedes-Benz 190E provides a more refined luxury experience but is typically more expensive to maintain.
For buyers prioritizing robust reliability, safety, and a comfortable ride at a reasonable price, the 1992 Volvo 940 remains a strong contender. If performance or cutting-edge luxury is paramount, other options might be more suitable.
Performance: The 940's turbocharged engine offered respectable, though not exhilarating, performance. It lagged behind the sportier BMW 3 Series and some Mercedes variants in terms of acceleration and handling prowess. The naturally aspirated models were even more modest in performance.
Features: Compared to its German rivals, the 940 was less focused on cutting-edge technology and more on robust build and comfort. While Mercedes and BMW offered more advanced luxury amenities and refined interiors, the 940 provided a comfortable, functional, and safe cabin.
Reliability: This is where the Volvo 940 truly shone. It consistently outperformed many of its competitors in long-term reliability surveys. Its simpler mechanicals and over-engineered construction meant fewer complex issues compared to more intricate European counterparts. American cars in this class often struggled with build quality and long-term durability in comparison.
Price: The Volvo 940 was often priced competitively, generally sitting below similarly equipped Mercedes-Benz or BMW models, offering a strong value proposition for its durability and safety.
Alternatives:
Similar: The Saab 9000 offers a similarly sturdy build and quirky charm with good performance from its turbo engines. The Audi 100/A6 from the same era also offered good build quality and comfort.
Better (if prioritizing sportiness/luxury): A BMW 3 Series (E36) offers superior handling and performance, but often at the cost of greater maintenance complexity and potentially less long-term reliability. A Mercedes-Benz 190E provides a more refined luxury experience but is typically more expensive to maintain.
For buyers prioritizing robust reliability, safety, and a comfortable ride at a reasonable price, the 1992 Volvo 940 remains a strong contender. If performance or cutting-edge luxury is paramount, other options might be more suitable.
Final Verdict: Is the 1992 Volvo 940 a Good Sedan?
The 1992 Volvo 940 is ideal for individuals and families who prioritize safety, durability, and practicality over luxury or performance. It's an excellent choice for budget-conscious buyers seeking a reliable daily driver that can withstand high mileage with proper care. It's definitely worth buying, especially on the used market, provided it has been well-maintained. The turbocharged models (GLE, SE) offer a more engaging driving experience and are often preferred. Buying a 940 requires careful inspection for rust and aging electrical components. For those willing to perform or oversee basic maintenance, it offers exceptional long-term value and dependable transportation, making it a smart investment for sensible drivers.
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.