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2023 Volvo XC40 Overview, Reviews, Ratings & Specs

Rating: 4.23
Based on 12 Owner Reviews
Simon A | March 31, 2025
The Volvo XC40 is a compact luxury SUV that debuted in 2018, quickly gaining popularity for its distinctive Scandinavian design and urban-friendly size. The 2023 model continues this trend. It's available as a small SUV/crossover. Key trims include the Core, Plus, and Ultimate. Pricing typically ranges from around $40,000 to $50,000 depending on the trim and options. Its standout features include a stylish interior, advanced safety features, and a comfortable ride, appealing to buyers seeking a blend of luxury and practicality in a smaller package.
The Good

The 2023 Volvo XC40 offers a compelling blend of advantages. Performance is adequate for city driving. The interior design is sophisticated and comfortable. Its compact size makes it easy to maneuver. Safety is a key strength, appealing to practical buyers. The XC40's distinctive Scandinavian design also provides an emotional appeal, offering a sense of style and luxury.

The Bad

Potential weaknesses of the 2023 Volvo XC40 include a somewhat firm ride on rough roads. The infotainment system, while stylish, can be complex to use and slow to respond at times. Some reviewers have noted that rear passenger space is not as generous as in some competitors. Keep an eye out for potential electronic glitches during test drives.

2023 Volvo XC40: Quick Overview

  • Engine Options:
    The 2023 Volvo XC40 typically features a 2.0-liter turbocharged four-cylinder engine. There may be different tuning levels, denoted as B4 or B5.
  • Horsepower:
    Horsepower varies depending on the engine configuration. The B4 engine typically produces around 194 horsepower, while the B5 engine produces around 247 horsepower.
  • Fuel Economy:
    Fuel economy varies based on the engine and drivetrain (FWD or AWD). Expect combined fuel economy in the range of 25-30 MPG.
  • 0-60 Times:
    The 0-60 mph acceleration time for the XC40 B4 is around 8.3 seconds. The B5 engine achieves this in approximately 6.1 seconds.
  • Towing Capacity:
    The 2023 Volvo XC40 has a towing capacity of around 2,000 lbs when properly equipped.
  • Trim-Level Features:
    • Core: Standard features include LED headlights, a 9-inch touchscreen infotainment system, Apple CarPlay/Android Auto compatibility, a rearview camera, lane keeping assist, and automatic emergency braking.
    • Plus: Adds features like a panoramic sunroof, power-folding mirrors, adaptive cruise control, blind-spot monitoring, rear cross-traffic alert, and upgraded interior trim.
    • Ultimate: Includes features like Harman Kardon premium sound system, a 360-degree surround-view camera, park assist pilot, leather upholstery, and advanced air purifier.
More specifically:
B4 Core: includes features like a 9" center display with Google built in (Google Assistant, Google Maps and Google Play Store), LED Headlights with Active Bending Lights, Power driver seat with memory and lumbar support.
B5 AWD Plus: Includes all core features with fog lights, and leather upholstery.
B5 AWD Ultimate: Includes all core features with a crystal gear shift knob, Harman Kardon Premium Sound, and heated rear seats.

2023 Volvo XC40 Specifications

Vehicle Information
Year 2023
Make Volvo
Model XC40
Trim -
Style -
Type Sport Utility Vehicle
Category Standard Sport Utility Vehicle
Manufacturing Details
Made In Belgium
Manufacturing City GENT PLANT
Dimensions
Doors 4-Door
Curb Weight -
Gross Vehicle Weight Rating 5000 pounds
Overall Height -
Overall Length -
Overall Width -
Wheelbase Length -
Standard Seating -
Engine & Performance
Engine B4204T (MP)
Engine Size 2L
Engine Cylinders 4
Transmission 8-Speed Automatic
Transmission Type Automatic
Transmission Speeds 8-Speed
Drivetrain Front-Wheel Drive
Additional Features
Anti-Brake System Standard
Steering Type -
Pricing
Manufacturer Suggested Retail Price (MSRP) -
Invoice Price -
Delivery Charges -

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What Problems Does the 2023 Volvo XC40 Have?

Frequently reported problems for the 2023 Volvo XC40, and earlier models, often revolve around the infotainment system. Users sometimes report issues with the system freezing, lagging, or experiencing glitches. Software updates are usually released to address these problems, so ensuring the vehicle is up-to-date is crucial. Some owners have also reported issues with the automatic emergency braking system, such as false activations. These issues should be addressed by a Volvo dealership promptly. Recalls are relatively infrequent, but it's always advisable to check the NHTSA website for any active recalls related to your specific VIN.

Long-term reliability concerns are typical for vehicles with complex electrical systems. Volvo's reliability ratings generally position it as average compared to other luxury brands. Some owners have reported minor issues with sensors or other electronic components over time. Regular maintenance and adherence to the recommended service schedule are vital for minimizing potential long-term issues. Consulting owner forums can provide insight into prevalent issues. Specific to the 2023 model, review any Technical Service Bulletins (TSBs) issued by Volvo to proactively address potential problems. The B5 engine is known for improved reliability over the B4.

How long will the 2023 Volvo XC40 last?

With proper maintenance, a 2023 Volvo XC40 can reasonably be expected to provide 150,000 to 200,000 miles or 10-15 years of service. Key to longevity is regular servicing, including oil changes, fluid checks, and timely replacement of wear items like brakes and tires.

Long-term durability can be affected by the complexity of the vehicle's electronics. Owners should be proactive in addressing any warning lights or unusual behavior promptly. Weaknesses may emerge in the infotainment system over time, requiring software updates or potential hardware replacement. Corrosion resistance is generally good, but those in regions with harsh winters and road salt should take extra precautions with washing and undercoating.

What Technology & Safety Features are Included?

The 2023 Volvo XC40 boasts a strong suite of built-in tech, entertainment, driver-assistance, and safety features.

Tech & Entertainment: The centerpiece is a 9-inch touchscreen infotainment system powered by Google. This provides access to Google Maps, Google Assistant, and the Google Play Store. Apple CarPlay and Android Auto are standard. Higher trims offer a Harman Kardon premium sound system.

Driver-Assistance: Standard features include lane keeping assist, automatic emergency braking, a rearview camera, and driver attention monitoring. Optional features available on higher trims include adaptive cruise control, blind-spot monitoring, rear cross-traffic alert, and park assist pilot.

Safety Features: Volvo is renowned for its safety, and the XC40 is no exception. It comes standard with a comprehensive suite of airbags, stability control, and anti-lock brakes. Higher trims add features like a 360-degree surround-view camera and Pilot Assist, Volvo's semi-autonomous driving system.

Crash-Test Ratings: The Volvo XC40 typically receives excellent crash-test ratings from both the NHTSA (National Highway Traffic Safety Administration) and the IIHS (Insurance Institute for Highway Safety). Check official ratings for the specific 2023 model year, as they can vary slightly. It has been awarded the IIHS Top Safety Pick+ award.

Optional Features: Heated front seats, heated steering wheel, wireless charging pad, and a power tailgate are also available as options or on higher trims.

What Colors Options are Available?

Exterior Colors
Onyx Black Metallic
Crystal White Pearl
Silver Dawn Metallic
Fusion Red Metallic
Fjord Blue Metallic
Thunder Grey Metallic
Bright Dusk Metallic
Sage Green Metallic
Midnight Zinc Metallic
Cloud Blue
Denim Blue Metallic
Ice White
Interior Colors
Charcoal Connect Suede Textile/Microtech
Blonde Leather
Charcoal Leather
Red Oxide Leather
Core Textile/Microtech Charcoal
Leatherette Charcoal
Leatherette Blonde
Charcoal City Canvas Textile/Microtech

2023 Volvo XC40 Prices and Market Value

The 2023 Volvo XC40 had a starting MSRP of around $40,000 when new, with higher trims reaching towards $50,000. Current used market prices vary depending on condition, mileage, and trim level, but expect to find them in the range of $30,000 to $45,000.

Depreciation is relatively moderate for a luxury SUV. Factors affecting resale value include mileage, condition, service history, and options. Vehicles with lower mileage, a clean title, and complete service records will command higher prices. Popular color combinations and desirable option packages also contribute to better resale value. Volvo's reputation for safety helps to maintain resale value.

2023 Volvo XC40 Cost of Ownership

The 2023 Volvo XC40's long-term ownership costs are moderately high for its class. Insurance premiums are typically higher than non-luxury SUVs due to the vehicle's value and repair costs. Fuel costs are reasonable given its fuel economy, but premium fuel is recommended. Maintenance costs can be higher than average, particularly at dealerships. Repair costs can also be expensive due to the specialized parts and labor required. Overall, the XC40 is not the most economical vehicle to own, but its luxury and safety features justify the higher costs for many buyers.

2023 Volvo XC40 Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity 27 gallons
City Mileage 24 miles/gallon
Highway Mileage 32 miles/gallon

2023 Volvo XC40 Safety Rating

NHTSA
Overall Rating
Overall Frontal Star Rating
Side Overall Star Rating
Overall Rollover Star Rating
Combined Front Seat Rating
Combined Rear Seat Rating
Overall Frontal Star Rating
Frontal Barrier Star Ratings Not Tested
Overall Side Star Rating
Side Barrier Star Ratings
Side Pole Star Rating
Combined Side Barrier And Side Pole Star Ratings Not Tested
Rollover Resistance Star Rating

2023 Volvo XC40 Insurance

Insurance for a 2023 Volvo XC40 is moderately priced, reflecting its status as a Sport Utility Vehicle with strong safety ratings and
reasonable repair costs.

How Does the 2023 Volvo XC40 Compare to Other Sport Utility Vehicle?

The 2023 Volvo XC40 competes with other compact luxury SUVs such as the BMW X1, Audi Q3, Mercedes-Benz GLA, and Lexus UX.

Performance: The XC40's performance is adequate, but it's not as sporty as the BMW X1 or Mercedes-Benz GLA. The Audi Q3 offers similar performance.

Features: The XC40 has a strong suite of standard safety and tech features, comparable to its rivals. Its Google-based infotainment system is a differentiator.

Reliability: Volvo's reliability is generally considered average, while Lexus UX is known for its excellent reliability. BMW and Mercedes-Benz can have higher maintenance costs.

Price: The XC40's price is competitive within its class.

Alternatives:
  • BMW X1: Offers sportier handling and a more engaging driving experience.
  • Audi Q3: Provides a refined interior and similar features.
  • Lexus UX: Known for its reliability and fuel efficiency, but less cargo space.
  • Mercedes-Benz GLA: Has a stylish design and advanced technology.

A slightly better alternative might be the BMW X1 for those who prioritize driving dynamics. The Lexus UX stands out for reliability. Otherwise, the XC40 is a solid choice in this competitive segment.

Ranks #32 SUV

1 2023 Toyota 4Runner (5.0★)
2 2023 Honda CR-V Hybrid (5.0★)
3 2023 Lexus GX (0.0★)
4 2024 Mazda CX-90 PHEV (0.0★)
5 2024 Subaru Crosstrek (5.0★)
6 2024 BMW iX (0.0★)
7 2023 Ford Bronco Sport (5.0★)
8 2023 Mercedes-Benz EQB (0.0★)
9 2024 Chevrolet Trax (5.0★)
10 2023 Audi A4 allroad (0.0★)
11 2023 Hyundai Kona N (0.0★)
12 2023 Nissan ARIYA (5.0★)
32 2023 Volvo XC40 (4.0★)

Final Verdict: Is the 2023 Volvo XC40 a Good Sport Utility Vehicle?

The 2023 Volvo XC40 is ideal for buyers seeking a stylish, safe, and comfortable compact luxury SUV. It's particularly well-suited for urban dwellers who appreciate its maneuverability and distinctive design. Whether it's worth buying depends on individual priorities.

Buying used can offer significant savings, but ensure a thorough inspection and review of the service history. Opting for a higher trim like the Plus or Ultimate adds desirable features. If performance is a top priority, other alternatives might be better suited. However, if safety, design, and a comfortable ride are paramount, the XC40 is a compelling choice, especially if found at a good value on the used market.

2023 Volvo XC40 Owner Reviews

4.23
Consumer Rating, Based on 12 Consumer Reviews
Overall rating
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Yury Karfiol on August 21, 2023

Poor design

1. Unexpected car back lash front/back when you park a car.(!!) 2. Unexpected map freeze when you drive.(!!) 3. Radio in long time search and periodically loose stations. 4. Very rigid a brake pedal.

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1

Knows Better on July 20, 2023

There are much better alternatives to Volvo

This car reminds me of first Gen compuTers back in the day, especially since it is the car’s software which gets all of the blame for its quirks and unreliability. I almost earned a permanent parking spot at the equally unreliable VT dealership where I bought this xxx. The absence of heat (in November, in VT!) and an inexplicably but persistently dead battery were only two of the many problems which the dealership could not or would not “fix”. I chose to dump the car at a loss since reliability and dealer integrity were unavailable.

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1

BCS on March 30, 2023

Excellent

This is my 2nd XC40 and it is one of the most perfect cars but its by no means cheap. The car can be as loaded as its bigger brother, except for heads up display. They all use the same engines, with the exception of turbo types, and bi-turbo options. All Volvos are moving to mild hybrid as standard and all 2023 XC40's are now mild hybrids. The XC40 is nimble, loaded and well designed. It has just about every feature including all wheel drive, Google auto, panoramic sunroof, power tail gate, and leather seats, redesigned for 2023. It is stylish, detailed and not meant to feel like the entry model. In fact, it can cost more than its bigger brother the XC60! Driving it is a pleasure as it is preppy and confident.

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1
0

itsteetime on March 20, 2023

Best decision I have made in years for a vehicle

After only a month, I am truly "in love" with my XC-40. I wanted to get one a few years ago. However, Covid-19 got in the way. When it was finally time to upgrade this year, I did it and have not regretted it. Great ride, all the safety features I wanted, excellent ride and handling , above EPA rated fuel economy, roomy seating. Plenty of room for my golf equipment.

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1
0

D Nava on January 31, 2023

The 2023 XC40 Ultimate is not worth the money.

This is the 3rd XC40 that I drive, the first one was a 2019 R5, the second was a 2020 Momentum and I decided to treat myself with the 2023 Ultimate. This "Ultimate" is anything but that. There are many features missing from the 2020 Momentum and the 2019 R5 that make the 2023 model a less car overall than the previous models. This "Ultimate" is missing the following features: - Self parking. - FM and AM HD radio. Also, the FM tuner is of very low quality. Seems that Volvo wants to force the driver to use streaming services all of the time. - Headlight washers. - Cornering headlights. - Indoor lights color customization. - Driver panel customization, no color or style or customization for the driver panel. - Different driving modes are not there anymore. No Eco, Normal or Sport modes to choose from. - No option to turn off the engine stop/start. I am still getting used to the engine turning itself off at every time that the car stops. - Android Auto connectivity is missing, only CarPlay is available. - The Google software is a light version of Android Auto, does not have Waze as a navigation app option to download and install, only Google Maps is available for navigation. I now know how superior is Waze to warn for road work, accidents or police on the roads. - The right action button on the driving wheel does not play/pause the playing media, it turns on/off current trip info on the driver console. - The media information is missing, the only way to show it is by replacing the navigation with media info on the center console display. This solution is not convenient when using turn by turn directions. - The rearview mirror does not have a compass. Every once in a while, it was a useful feature. - No driving log integration with the Volvo app. This feature was useful to claim a tax deduction or for expensing mileage. The new Google software integration is a half-baked solution at best. A better solution would have been to make Android Auto use all of the center console and to also show turn by turn info on the driver console, like Mercedes does. I think that I should warn prospective buyers that if they want a true top of the line small SUV, they should get a 2022 Inscription, rather than settle for an inferior and more expensive 2023 “Ultimate” model with many less features. If you are looking for a luxury brand, consider the Mercedes GLB or GLC. For more bang for the buck, the Kia Sportage and the Hyundai Tucson are very nice, I test drove both and now I regret not giving them more consideration.

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Cassie on January 27, 2023

4th Volvo is my favorite

Love the tech in this car. Maps, adaptive cruise, auto high beam, lane warning, hybrid averaging 31 mpg. Still good power with the turbo. Excellent sound including the Bluetooth.

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0

Yury Karfiol on August 21, 2023

Poor design

1. Unexpected car back lash front/back when you park a car.(!!) 2. Unexpected map freeze when you drive.(!!) 3. Radio in long time search and periodically loose stations. 4. Very rigid a brake pedal.

Was this review helpful?
0
1

Knows Better on July 20, 2023

There are much better alternatives to Volvo

This car reminds me of first Gen compuTers back in the day, especially since it is the car’s software which gets all of the blame for its quirks and unreliability. I almost earned a permanent parking spot at the equally unreliable VT dealership where I bought this xxx. The absence of heat (in November, in VT!) and an inexplicably but persistently dead battery were only two of the many problems which the dealership could not or would not “fix”. I chose to dump the car at a loss since reliability and dealer integrity were unavailable.

Was this review helpful?
0
1

BCS on March 30, 2023

Excellent

This is my 2nd XC40 and it is one of the most perfect cars but its by no means cheap. The car can be as loaded as its bigger brother, except for heads up display. They all use the same engines, with the exception of turbo types, and bi-turbo options. All Volvos are moving to mild hybrid as standard and all 2023 XC40's are now mild hybrids. The XC40 is nimble, loaded and well designed. It has just about every feature including all wheel drive, Google auto, panoramic sunroof, power tail gate, and leather seats, redesigned for 2023. It is stylish, detailed and not meant to feel like the entry model. In fact, it can cost more than its bigger brother the XC60! Driving it is a pleasure as it is preppy and confident.

Was this review helpful?
1
0

itsteetime on March 20, 2023

Best decision I have made in years for a vehicle

After only a month, I am truly "in love" with my XC-40. I wanted to get one a few years ago. However, Covid-19 got in the way. When it was finally time to upgrade this year, I did it and have not regretted it. Great ride, all the safety features I wanted, excellent ride and handling , above EPA rated fuel economy, roomy seating. Plenty of room for my golf equipment.

Was this review helpful?
1
0
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Simon A

Simon is a contributor to VinCheck, where he provides articles and reviews on various automotive topics. His work focuses on delivering accurate and up-to-date information about used cars, helping readers make informed decisions.