The 2001 Volvo S60 marked the debut of Volvo's stylish compact executive sedan, replacing the S70. It was produced from 2000 to 2009. Key trims included the base S60, the sportier S60 T5, and the powerful S60R (later model years). Initially priced from around $27,000-$35,000, its popularity stemmed from its blend of distinctive Scandinavian design, renowned safety, and surprisingly engaging performance, especially in T5 and R trims.
The Good
The 2001 Volvo S60 offers a compelling mix of refined comfort, distinctive European styling, and robust safety that appeals to the heart. Practically, it provides a reliable drivetrain (with proper maintenance), a comfortable interior for daily commutes, and a solid value proposition in the used market for those seeking Scandinavian quality.
The Bad
When considering a 2001 Volvo S60, potential buyers should watch out for common issues like aging electronic components, particularly within the ABS module and central electronic module (CEM). Transmission problems, especially on automatic transmissions, can be a concern. Also, be mindful of potential oil leaks and suspension wear.
2001 Volvo S60: Quick Overview
- Engine Options:
- 2.4L Inline-5 Cylinder: Standard on base S60 models.
- 2.3L Turbocharged Inline-5 Cylinder (T5): Offered on the S60 T5 models.
- Horsepower:
- Base S60: Approximately 168 hp.
- S60 T5: Approximately 247 hp.
- Fuel Economy (EPA Estimated):
- 2.4L: Around 20 MPG city / 27 MPG highway.
- 2.3L Turbo (T5): Around 18 MPG city / 25 MPG highway.
- 0-60 Times (Estimated):
- Base S60: Around 8.5 - 9.5 seconds.
- S60 T5: Around 6.4 - 7.0 seconds.
- Towing Capacity: The Volvo S60 is not typically equipped for towing, and towing capacity is generally not a stated specification for this model.
- Trim-Level Features:
- Base S60: Standard features often included power windows and locks, air conditioning, cruise control, a basic audio system, and Volvo's renowned safety features. Alloy wheels were often optional.
- S60 T5: Included more powerful engine, sport-tuned suspension, larger alloy wheels, often leather upholstery, upgraded audio system, and sometimes a sunroof. Performance-oriented cosmetic enhancements might also be present.
2001 Volvo S60 Specifications
Vehicle Information
| Year | 2001 |
| Make | Volvo |
| Model | S60 |
| Trim | - |
| Style | 2.4-T |
| Type | Sedan |
| Category | Compact Car |
Manufacturing Details
| Made In | Sweden |
| Manufacturing City | TORSLANDA |
Dimensions
| Doors | 4-Door |
| Curb Weight | 3415 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 56.20 inches |
| Overall Length | 180.20 inches |
| Overall Width | 71.00 inches |
| Wheelbase Length | 106.90 inches |
| Standard Seating | 5 |
Engine & Performance
| Engine | 2.4L L5 DOHC 20V |
| Engine Size | 2.4L |
| Engine Cylinders | 5 |
| Transmission | 5-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 5-Speed |
| Drivetrain | Front-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $29,850 |
| Invoice Price | $28,062 |
| Delivery Charges | $625 |
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What Problems Does the 2001 Volvo S60 Have?
The 2001 Volvo S60, like many vehicles of its era, has some frequently reported issues that owners should be aware of. One of the most common concerns revolves around the Central Electronic Module (CEM). This module can fail, leading to a variety of electrical gremlins, from non-functioning lights and power windows to immobilizer issues. Early model years, including 2001, can be more susceptible to these CEM problems. Another area of concern is the Automatic Transmission. While not universal, some owners have reported premature failure or rough shifting, particularly if the transmission fluid has not been regularly maintained. Issues with the ABS Module are also relatively common, leading to ABS warning lights and a loss of ABS functionality. This can be an expensive repair. Beyond these specific components, common wear items like suspension bushings, shock absorbers, and various engine sensors can require attention over time. Oil leaks from the valve cover gasket or oil pan are also not uncommon as the vehicle ages. While Volvo is generally known for safety and build quality, the 2001 model year, being the first year of this generation, might have had some initial kinks to work out compared to later iterations. However, with diligent maintenance, many 2001 S60s have proven to be reliable long-term companions, especially the naturally aspirated versions which tend to be less stressed than the T5 models.
How long will the 2001 Volvo S60 last?
With consistent and proper maintenance, a 2001 Volvo S60 can reasonably be expected to last for 200,000 to 250,000 miles, and in some cases, even more. Owner data and anecdotal evidence suggest that Volvos from this era are built to endure. However, long-term durability is heavily contingent on maintenance habits. Neglecting regular oil changes, transmission fluid flushes, and timely replacement of wear items will significantly shorten its lifespan and increase the likelihood of encountering costly repairs. Weaknesses that tend to emerge over time include aging electrical components (CEM, ABS module), potential transmission issues (especially on higher mileage automatics), and the usual suspension wear. Despite these potential pitfalls, the core mechanical components of the S60 are generally robust.
What Technology & Safety Features are Included?
The 2001 Volvo S60 offered a solid suite of safety features for its time, a hallmark of the Volvo brand. Standard safety equipment included front airbags, side-impact airbags, and inflatable curtain airbags for the front occupants, as well as whiplash protection seats (WHIPS) in the front. Anti-lock brakes (ABS) and traction control were also standard. The S60's sturdy construction and advanced safety systems contributed to excellent crash test ratings. It performed very well in NHTSA tests, earning 5-star ratings in front and side-impact crash tests.
In terms of technology and entertainment, the base models came with a fairly standard AM/FM stereo with a CD player. Optional upgrades often included a premium sound system, which could feature more speakers and a better amplifier for enhanced audio quality. A power-operated sunroof was also a popular option, adding to the cabin's upscale feel.
Driver-assistance features were less advanced by today's standards but included features like cruise control. For 2001, advanced driver-assistance systems such as adaptive cruise control, lane departure warning, or blind-spot monitoring were not available. However, the S60's focus was clearly on passive safety and providing a comfortable, secure environment for its occupants. The interior design was functional and driver-oriented, with clear instrumentation and easy-to-reach controls, reflecting Volvo's practical approach to vehicle interiors.
In terms of technology and entertainment, the base models came with a fairly standard AM/FM stereo with a CD player. Optional upgrades often included a premium sound system, which could feature more speakers and a better amplifier for enhanced audio quality. A power-operated sunroof was also a popular option, adding to the cabin's upscale feel.
Driver-assistance features were less advanced by today's standards but included features like cruise control. For 2001, advanced driver-assistance systems such as adaptive cruise control, lane departure warning, or blind-spot monitoring were not available. However, the S60's focus was clearly on passive safety and providing a comfortable, secure environment for its occupants. The interior design was functional and driver-oriented, with clear instrumentation and easy-to-reach controls, reflecting Volvo's practical approach to vehicle interiors.
What Colors Options are Available?
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2001 Volvo S60 Prices and Market Value
When new, the 2001 Volvo S60 had an MSRP ranging from approximately $27,000 to $35,000, depending on the trim level and optional features.
Currently, the used market prices for a 2001 Volvo S60 vary significantly. Expect to find them ranging from as low as $1,500 to $4,000 for models in average condition with higher mileage, to potentially $5,000 or more for exceptionally well-maintained examples or the more desirable T5 trims.
The S60 has undergone significant depreciation since its debut, which is typical for most vehicles. Factors affecting its resale value include its overall condition, mileage, maintenance history, and whether it's a base model or a performance-oriented T5. The availability of parts and the reputation for certain electronic issues can also influence value. Well-maintained examples with thorough service records will always command a higher price.
Currently, the used market prices for a 2001 Volvo S60 vary significantly. Expect to find them ranging from as low as $1,500 to $4,000 for models in average condition with higher mileage, to potentially $5,000 or more for exceptionally well-maintained examples or the more desirable T5 trims.
The S60 has undergone significant depreciation since its debut, which is typical for most vehicles. Factors affecting its resale value include its overall condition, mileage, maintenance history, and whether it's a base model or a performance-oriented T5. The availability of parts and the reputation for certain electronic issues can also influence value. Well-maintained examples with thorough service records will always command a higher price.
2001 Volvo S60 Cost of Ownership
The 2001 Volvo S60 is generally considered moderately economical to own, though costs can escalate with age and specific component failures. Insurance premiums are typically reasonable, often falling in the mid-range for its class. Fuel costs are moderate, especially for the base 2.4L engine, with the T5 being thirstier. Maintenance costs are average; routine services are comparable to other European sedans. However, repair costs can become significant if major issues arise, such as transmission problems or electrical component failures (CEM, ABS module), which can be particularly expensive. While not a budget car to maintain, its solid construction can offer good value if kept up with.
2001 Volvo S60 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
18.50 gallons
City Mileage
20 miles/gallon
Highway Mileage
28 miles/gallon
2001 Volvo S60 Safety Rating
NHTSA
IIHS
2001 Volvo S60 Warranty
Basic
Original warranty
48 months / 50,000 miles
Estimated remaining
Expired
Powertrain
Original warranty
48 months / 50,000 miles
Estimated remaining
Expired
Rust
Original warranty
96 months / unlimited miles
Estimated remaining
Expired
2001 Volvo S60 Insurance
Insurance for a 2001 Volvo S60 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2001 Volvo S60 Compare to Other Sedan?
The 2001 Volvo S60 competed in the compact executive sedan segment against rivals like the BMW 3 Series (E46), Mercedes-Benz C-Class (W203), Audi A4 (B6), and the Acura TL.
Performance: In terms of performance, the S60, especially the T5 variant, offered strong acceleration and a comfortable ride, though it generally trailed the sportier BMW 3 Series in dynamic handling and driver engagement. The base S60 was adequate but not exhilarating.
Features: The S60 was well-equipped with safety features, a strong selling point. Interior materials were good, offering a premium feel. Compared to its German rivals, it might have lacked some of the cutting-edge technology or refinement, but its Scandinavian design was a distinct advantage for many. The Acura TL offered a strong V6 engine and a good feature set for its price.
Reliability: Historically, the German luxury brands often faced higher maintenance costs and potential reliability concerns with complex electronics as they aged. The S60, while having its own electrical foibles (CEM, ABS), was generally considered a solid and safe choice. The Acura TL often stands out for its strong reliability record.
Price: The S60 was typically priced competitively against its European rivals when new. In the used market, it often represents better value than a comparable BMW or Mercedes, especially if seeking safety and comfort over outright sportiness.
Alternatives:
Performance: In terms of performance, the S60, especially the T5 variant, offered strong acceleration and a comfortable ride, though it generally trailed the sportier BMW 3 Series in dynamic handling and driver engagement. The base S60 was adequate but not exhilarating.
Features: The S60 was well-equipped with safety features, a strong selling point. Interior materials were good, offering a premium feel. Compared to its German rivals, it might have lacked some of the cutting-edge technology or refinement, but its Scandinavian design was a distinct advantage for many. The Acura TL offered a strong V6 engine and a good feature set for its price.
Reliability: Historically, the German luxury brands often faced higher maintenance costs and potential reliability concerns with complex electronics as they aged. The S60, while having its own electrical foibles (CEM, ABS), was generally considered a solid and safe choice. The Acura TL often stands out for its strong reliability record.
Price: The S60 was typically priced competitively against its European rivals when new. In the used market, it often represents better value than a comparable BMW or Mercedes, especially if seeking safety and comfort over outright sportiness.
Alternatives:
- Similar: The Acura TL is a strong alternative, offering excellent reliability and a V6 engine for a similar price point. The Saab 9-3 (first-generation) also offered a unique European driving experience with a focus on safety.
- Better (depending on priorities): If driving dynamics are paramount, a BMW 3 Series (E46), despite potentially higher maintenance, would be superior. If bulletproof reliability and a smooth V6 are key, the Acura TL is a very compelling option. If outright luxury is the goal, a well-maintained Mercedes-Benz C-Class might be considered, though often at a higher ownership cost.
Final Verdict: Is the 2001 Volvo S60 a Good Sedan?
The 2001 Volvo S60 is ideal for safety-conscious individuals or families seeking a comfortable, stylish, and well-built sedan that offers a touch of Scandinavian design flair. It's worth buying, particularly on the used market, for those prioritizing safety and a refined ride over outright sportiness.
This car is best purchased used. New examples are no longer available. When buying used, prioritize well-maintained examples, ideally with service records demonstrating attention to common issues like the CEM and transmission. The S60 T5 trim offers a significant performance upgrade and is highly recommended for those who want a more engaging driving experience, though it may command a slightly higher price and potentially be more demanding on maintenance. For those on a tighter budget or seeking better fuel economy, the base 2.4L engine offers solid, reliable transportation.
This car is best purchased used. New examples are no longer available. When buying used, prioritize well-maintained examples, ideally with service records demonstrating attention to common issues like the CEM and transmission. The S60 T5 trim offers a significant performance upgrade and is highly recommended for those who want a more engaging driving experience, though it may command a slightly higher price and potentially be more demanding on maintenance. For those on a tighter budget or seeking better fuel economy, the base 2.4L engine offers solid, reliable transportation.
Drew B
Drew is a seasoned automotive expert and contributor to VinCheck.info. With nearly 15 years of experience as a former Porsche technician, he brings a wealth of hands-on knowledge to his writing. Born in North Carolina, a region renowned for its deep-rooted NASCAR culture, Drew developed a passion for cars early in life, often building and working on vehicles from a young age. At VINCheck, Drew leverages his extensive technical background to provide in-depth analyses of various vehicles. His articles often focus on engine performance, reliability, and maintenance insights, offering readers practical information grounded in real-world experience. Some of his notable contributions include reviews on the Mazda CX-5's longevity and detailed examinations of engine options for models like the 2011 Toyota Camry and Tacoma