The 2024 Volvo XC40 is a sophisticated subcompact luxury SUV, representing Volvo's foray into the smaller crossover segment, originally introduced for the 2018 model year. Available in Core, Plus, and Ultimate trims for the B5 mild-hybrid, with a starting price range typically from around $37,000 to $45,000, it stands out for its distinctive Scandinavian design, cutting-edge safety features, and premium, minimalist interior, appealing to urban drivers and small families alike.
The Good
The 2024 Volvo XC40 offers a compelling blend of advantages. Emotional buyers will appreciate its elegant Scandinavian design, advanced safety features, and plush, comfortable ride. Practically, it delivers solid reliability, competitive fuel efficiency for its class, strong value within the luxury segment, and intuitive technology, making it a well-rounded and appealing choice.
The Bad
Potential weaknesses of the 2024 Volvo XC40 include a relatively small cargo capacity compared to some rivals and a rear seat that can feel cramped for taller passengers. The B5 engine, while adequate, isn't the most powerful in its class, and the ride can be firm with larger wheel options. Some users might find the Google-based infotainment system occasionally complex.
2024 Volvo XC40: Quick Overview
- Engine Options: The 2024 Volvo XC40 primarily features the B5 mild-hybrid powertrain with all-wheel drive (AWD). This system combines a 2.0-liter turbocharged four-cylinder engine with a 48-volt mild-hybrid system. The XC40 Recharge, a fully electric variant, is also available, offering a different powertrain entirely.
- Horsepower: The B5 AWD powertrain produces a healthy 247 horsepower and 258 lb-ft of torque, delivered through an 8-speed automatic transmission.
- Fuel Economy: For the B5 AWD model, estimated fuel economy ratings are typically around 24 MPG in the city, 30 MPG on the highway, and 26-27 MPG combined, which is competitive for its class.
- 0-60 MPH Times: The XC40 B5 AWD can accelerate from 0 to 60 mph in a brisk 6.1 to 6.4 seconds, offering confident merging and passing capabilities.
- Towing Capacity: When properly equipped, the 2024 Volvo XC40 B5 AWD boasts a respectable towing capacity of up to 3,500 pounds, making it capable for light trailers or recreational gear.
- Trim-Level Features:
- Core: This base trim offers a strong foundation of luxury and technology. Standard features include LED headlights, a 12.3-inch digital driver display, the Google built-in infotainment system with a 9-inch touchscreen, Apple CarPlay (wired) and Android Auto (wired), dual-zone automatic climate control, and comprehensive safety features like City Safety, Lane Keeping Aid, and Blind Spot Information System (BLIS) with Cross Traffic Alert.
- Plus: Building on the Core, the Plus trim adds enhanced convenience and comfort. Key upgrades typically include a panoramic sunroof, a power-operated tailgate, keyless entry and ignition, power-folding rear headrests, power-adjustable passenger seat, and an advanced air cleaner system.
- Ultimate: The top-tier Ultimate trim provides the most luxurious and technologically advanced experience. It includes all features from the Plus trim and further adds premium amenities such as the Harman Kardon premium sound system, Volvo's Pilot Assist semi-autonomous driving system (adaptive cruise control with lane centering), a 360-degree surround-view camera, front park assist, and adaptive cruise control.
2024 Volvo XC40 Specifications
Vehicle Information
| Year | 2024 |
| Make | Volvo |
| Model | XC40 |
| Trim | - |
| Style | All-Wheel Drive |
| Type | Sport Utility Vehicle |
| Category | Standard Sport Utility Vehicle |
Manufacturing Details
| Made In | Belgium |
| Manufacturing City | GHENT |
Dimensions
| Doors | 4-Door |
| Curb Weight | 1726.37 kg |
| Gross Vehicle Weight Rating | 2267.96 kg |
| Overall Height | - |
| Overall Length | 442.47 cm |
| Overall Width | - |
| Wheelbase Length | 270.26 cm |
| Standard Seating | 5 |
Engine & Performance
| Engine | 2.0-L L-4 DOHC 16V Hybrid |
| Engine Size | 2L |
| Engine Cylinders | 4 |
| Transmission | 8-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 8-Speed |
| Drivetrain | All-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $40,100 USD |
| Invoice Price | - |
| Delivery Charges | $1,195 USD |
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What Problems Does the 2024 Volvo XC40 Have?
As the 2024 Volvo XC40 is a relatively new model year, widespread long-term problems have not yet emerged. However, drawing from previous model years (since its 2018 introduction) and general Volvo trends, several areas are worth noting.
One frequently reported area, particularly in earlier model years, involves the infotainment system. While the Google built-in system in newer models is an improvement, some users occasionally report glitches, slow response times, or connectivity issues with Apple CarPlay/Android Auto. Software updates have addressed many of these, but minor electronic quirks can still manifest.
Another less common, but sometimes mentioned, issue relates to minor electrical components or sensors, leading to warning lights or erratic behavior. These are typically resolved with software patches or sensor replacements.
Owners of earlier XC40s have occasionally cited concerns regarding wind noise at higher speeds, although this varies by individual vehicle and perception. Some have also mentioned occasional suspension noises over particularly rough roads, but this is not a widespread mechanical flaw.
Recalls for the XC40 line have generally been for minor issues. For instance, earlier models (e.g., 2019-2020) saw recalls for potential issues like incorrect seat belt pre-tensioner deployment, fuel pump software updates, or minor electrical component issues that affected specific sensor readings. It's crucial to check the NHTSA database for any specific recalls pertinent to your VIN, though the 2024 model year generally starts with a clean slate. Overall, the B5 powertrain itself has proven to be quite robust, with no major widespread mechanical failures reported.
Long-term reliability for the XC40 is generally considered good, aligning with Volvo's reputation for robust engineering, particularly in safety. The mild-hybrid system in the B5 is integrated well and hasn't shown significant reliability concerns. However, like any modern luxury vehicle, the complexity of its technology means that future diagnostic and repair costs, particularly out of warranty, could be higher than for a simpler, non-luxury vehicle.
One frequently reported area, particularly in earlier model years, involves the infotainment system. While the Google built-in system in newer models is an improvement, some users occasionally report glitches, slow response times, or connectivity issues with Apple CarPlay/Android Auto. Software updates have addressed many of these, but minor electronic quirks can still manifest.
Another less common, but sometimes mentioned, issue relates to minor electrical components or sensors, leading to warning lights or erratic behavior. These are typically resolved with software patches or sensor replacements.
Owners of earlier XC40s have occasionally cited concerns regarding wind noise at higher speeds, although this varies by individual vehicle and perception. Some have also mentioned occasional suspension noises over particularly rough roads, but this is not a widespread mechanical flaw.
Recalls for the XC40 line have generally been for minor issues. For instance, earlier models (e.g., 2019-2020) saw recalls for potential issues like incorrect seat belt pre-tensioner deployment, fuel pump software updates, or minor electrical component issues that affected specific sensor readings. It's crucial to check the NHTSA database for any specific recalls pertinent to your VIN, though the 2024 model year generally starts with a clean slate. Overall, the B5 powertrain itself has proven to be quite robust, with no major widespread mechanical failures reported.
Long-term reliability for the XC40 is generally considered good, aligning with Volvo's reputation for robust engineering, particularly in safety. The mild-hybrid system in the B5 is integrated well and hasn't shown significant reliability concerns. However, like any modern luxury vehicle, the complexity of its technology means that future diagnostic and repair costs, particularly out of warranty, could be higher than for a simpler, non-luxury vehicle.
How long will the 2024 Volvo XC40 last?
With proper and consistent maintenance, a 2024 Volvo XC40 B5 can be expected to provide reliable service for 150,000 to 200,000 miles, or approximately 10 to 15 years. Volvo vehicles are generally built to be durable, and the XC40 follows this trend with robust engineering. The B5 mild-hybrid powertrain is well-regarded for its longevity when regularly serviced.
Long-term durability is a strong point, particularly in the structural integrity and core mechanicals. However, weaknesses over time might include the more intricate electronic systems and infotainment components, which can sometimes be prone to software glitches or require costly repairs as they age. Interior materials, while high quality, will experience typical wear and tear. Suspension components like bushings and shocks might need replacement around the 100,000-mile mark, as with most vehicles. Investing in genuine Volvo parts and authorized service centers can prolong its lifespan and mitigate future issues.
Long-term durability is a strong point, particularly in the structural integrity and core mechanicals. However, weaknesses over time might include the more intricate electronic systems and infotainment components, which can sometimes be prone to software glitches or require costly repairs as they age. Interior materials, while high quality, will experience typical wear and tear. Suspension components like bushings and shocks might need replacement around the 100,000-mile mark, as with most vehicles. Investing in genuine Volvo parts and authorized service centers can prolong its lifespan and mitigate future issues.
What Technology & Safety Features are Included?
The 2024 Volvo XC40 is a tech-forward vehicle, prioritizing both connectivity and safety. At its core is the Google built-in infotainment system, accessed via a responsive 9-inch touchscreen. This system integrates Google Maps, Google Assistant for voice commands, and access to the Google Play Store for various apps, providing a highly intuitive and familiar user experience. It also features a 12.3-inch digital driver display that is configurable to show navigation, media, or vehicle information. Wired Apple CarPlay and Android Auto are standard, along with multiple USB-C ports.
For entertainment, a high-performance audio system is standard, with an optional Harman Kardon premium sound system available on higher trims, delivering an immersive listening experience.
In terms of driver-assistance and safety features, Volvo is a recognized leader. Standard features are extensive and include:
For entertainment, a high-performance audio system is standard, with an optional Harman Kardon premium sound system available on higher trims, delivering an immersive listening experience.
In terms of driver-assistance and safety features, Volvo is a recognized leader. Standard features are extensive and include:
- City Safety: A comprehensive suite featuring forward collision warning with automatic emergency braking, pedestrian, cyclist, and large animal detection.
- Lane Keeping Aid: Helps steer the vehicle back into its lane if it drifts unintentionally.
- Road Sign Information: Displays speed limits and other road signs in the driver display.
- Run-off-road Mitigation: Automatically steers and brakes to help prevent the vehicle from leaving the road.
- Blind Spot Information System (BLIS) with Cross Traffic Alert: Warns of vehicles in blind spots and approaching traffic when backing up.
- Rear Park Assist Camera and Sensors: Aids in parking maneuvers.
- Pilot Assist: Volvo's advanced semi-autonomous driver assistance system, combining adaptive cruise control with steering assistance to help maintain lane position and vehicle speed.
- 360-degree Surround View Camera: Provides a bird's-eye view of the vehicle's surroundings, greatly assisting in tight parking situations.
- Front Park Assist Sensors: Additional sensors for parking at the front of the vehicle.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
2024 Volvo XC40 Prices and Market Value
When new, the 2024 Volvo XC40 B5 AWD typically starts around $37,000 for the Core trim, escalating to approximately $41,500 for the Plus, and about $45,000 for the top-tier Ultimate trim, before options and destination fees. The fully electric XC40 Recharge commands a higher price point.
In the used market, a 3-year-old XC40 (e.g., a 2021 model) can typically be found in the range of $25,000 to $35,000, depending heavily on mileage, condition, and trim level. The XC40 generally exhibits better depreciation rates than some German luxury rivals, holding its value relatively well for its segment. The steepest depreciation usually occurs within the first three years of ownership.
Factors significantly affecting resale value include the original trim level and optional packages (higher trims and desirable features like Pilot Assist tend to hold value better), overall vehicle condition, mileage, complete service history, and exterior/interior color combinations. Vehicles with clear titles and no accident history will also fetch higher prices.
In the used market, a 3-year-old XC40 (e.g., a 2021 model) can typically be found in the range of $25,000 to $35,000, depending heavily on mileage, condition, and trim level. The XC40 generally exhibits better depreciation rates than some German luxury rivals, holding its value relatively well for its segment. The steepest depreciation usually occurs within the first three years of ownership.
Factors significantly affecting resale value include the original trim level and optional packages (higher trims and desirable features like Pilot Assist tend to hold value better), overall vehicle condition, mileage, complete service history, and exterior/interior color combinations. Vehicles with clear titles and no accident history will also fetch higher prices.
2024 Volvo XC40 Cost of Ownership
Long-term ownership of the 2024 Volvo XC40 falls into the moderate-to-costly category for a compact SUV. Insurance costs tend to be moderate to high, reflecting its luxury status and potential repair expenses, though its strong safety ratings might offer some discounts. Fuel costs for the B5 mild-hybrid are reasonable, with a combined 26-27 MPG. Maintenance, however, will be higher than for a non-luxury brand, with scheduled services typically costing more due to specialized parts and labor. Out-of-warranty repairs can also be expensive due to Volvo-specific diagnostics and components. Overall, it's not an overly economical vehicle to own, but its costs are competitive within the premium compact SUV segment, requiring a budget for higher-end upkeep.
2024 Volvo XC40 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
53.75 liters
City Mileage
10.2 km/l
Highway Mileage
12.76 km/l
2024 Volvo XC40 Safety Rating
NHTSA
2024 Volvo XC40 Recalls & Defects
Electrical System:software
Recall date
2024-01-10
Recall no.
24v010000
Source
NHTSA
Summary
Volvo Car Usa, LLC (Volvo Car) IS Recalling Certain 2024 Xc40 Vehicles. A Diagnostic Error IN THE Central Electronic Module (Cem) Software MAY Cause THE Left Rear Turn Signal Indicator TO NOT Function.
Consequence
A Nonfunctioning Exterior Turn Signal MAY NOT Notify Other Drivers OF A Turning Vehicle, Increasing THE Risk OF A Crash.
Remedy
THE CEM Software Will BE Updated BY A Dealer or Through AN Over-The-Air (Ota) Update, Free OF Charge. Owner Notification Letters Were Mailed February 16, 2024. Owners MAY Contact Volvo Car Customer Service AT 1-800-458-1552. Volvo Car's Number FOR This Recall IS R10256.
Notes
Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.nhtsa.gov.
2024 Volvo XC40 Warranty
Basic
Original warranty
48 months / 50,000 miles
Estimated remaining
36 months / 50,000 miles
Powertrain
Original warranty
48 months / 50,000 miles
Estimated remaining
36 months / 50,000 miles
Rust
Original warranty
144 months / unlimited miles
Estimated remaining
132 months / unlimited miles
2024 Volvo XC40 Insurance
Insurance for a 2024 Volvo XC40 is moderately priced, reflecting its status as a Sport Utility Vehicle with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2024 Volvo XC40 Compare to Other Sport Utility Vehicle?
The 2024 Volvo XC40 competes in a crowded luxury subcompact SUV segment against formidable rivals like the BMW X1, Mercedes-Benz GLA/GLB, Audi Q3, and Lexus UX.
Performance: The XC40 B5's 247 horsepower provides strong, confident acceleration (0-60 mph in ~6.1 seconds) and a comfortable, refined ride. However, it's generally less sporty or engaging than the BMW X1 or X2, which offer sharper handling and more dynamic driving characteristics. The XC40 prioritizes comfort and composure over outright athleticism.
Features: Volvo shines with its standard safety features (City Safety, BLIS, Lane Keeping Aid) and the intuitive Google built-in infotainment system. It often provides a more generous list of standard amenities for the money compared to base German rivals, which tend to make many desirable features optional. The Audi Q3 and Mercedes-Benz GLA/GLB offer comparable tech, but might require higher trim levels or option packages to match the XC40's standard offerings.
Reliability: Volvo generally has a strong reputation for safety and durability. While modern Volvos, like their German counterparts, are complex, the XC40 B5 has shown good reliability so far. The Lexus UX often holds an edge in long-term mechanical reliability, known for its bulletproof reputation, though it sacrifices power and some interior space.
Price: The XC40 is competitively priced. Its starting price often undercuts comparably equipped German rivals, offering strong value with its standard features. The Lexus UX is often slightly more affordable but is also less powerful and spacious.
Alternatives:
Performance: The XC40 B5's 247 horsepower provides strong, confident acceleration (0-60 mph in ~6.1 seconds) and a comfortable, refined ride. However, it's generally less sporty or engaging than the BMW X1 or X2, which offer sharper handling and more dynamic driving characteristics. The XC40 prioritizes comfort and composure over outright athleticism.
Features: Volvo shines with its standard safety features (City Safety, BLIS, Lane Keeping Aid) and the intuitive Google built-in infotainment system. It often provides a more generous list of standard amenities for the money compared to base German rivals, which tend to make many desirable features optional. The Audi Q3 and Mercedes-Benz GLA/GLB offer comparable tech, but might require higher trim levels or option packages to match the XC40's standard offerings.
Reliability: Volvo generally has a strong reputation for safety and durability. While modern Volvos, like their German counterparts, are complex, the XC40 B5 has shown good reliability so far. The Lexus UX often holds an edge in long-term mechanical reliability, known for its bulletproof reputation, though it sacrifices power and some interior space.
Price: The XC40 is competitively priced. Its starting price often undercuts comparably equipped German rivals, offering strong value with its standard features. The Lexus UX is often slightly more affordable but is also less powerful and spacious.
Alternatives:
- For Sportier Driving: Consider the BMW X1 or BMW X2 for more dynamic handling and engine options.
- For More Space/Utility: The Mercedes-Benz GLB offers an optional third row and a more boxy, practical shape, providing more cargo volume than the XC40.
- For Ultimate Reliability: The Lexus UX is a strong choice, though it offers less power and interior room.
- For Similar Luxury and Design: The Audi Q3 offers a plush interior and smooth ride, while the Mercedes-Benz GLA provides a sleek, coupé-like design.
- For an EV alternative (if considering XC40 Recharge): The Tesla Model Y, Hyundai Ioniq 5, or Kia EV6 offer compelling electric packages.
Final Verdict: Is the 2024 Volvo XC40 a Good Sport Utility Vehicle?
The 2024 Volvo XC40 is an excellent choice for individuals or small families seeking a stylish, safe, and comfortable compact luxury SUV. It's ideal for urban dwellers who appreciate its manageable size, distinctive Scandinavian design, and a driving experience focused on refinement rather than aggressive sportiness. Those who prioritize advanced safety technology, intuitive Google-based infotainment, and a premium interior will find the XC40 highly appealing.
It is definitely worth buying for its target audience. If you desire the latest features, a full factory warranty, and the ability to customize to your exact specifications, buying new is a solid option. However, for those looking for great value, a 2-3 year old used XC40 offers significant savings due to initial depreciation while still providing a modern, reliable, and well-equipped vehicle. The Core trim provides strong value for its standard features, while the Plus trim adds desirable comfort and convenience without a significant price jump. Opt for the Ultimate trim if you desire all the luxury amenities and advanced driver-assistance features like Pilot Assist. Consider the B5 mild-hybrid for its balance of power and efficiency, or the XC40 Recharge if you're ready for an all-electric experience.
It is definitely worth buying for its target audience. If you desire the latest features, a full factory warranty, and the ability to customize to your exact specifications, buying new is a solid option. However, for those looking for great value, a 2-3 year old used XC40 offers significant savings due to initial depreciation while still providing a modern, reliable, and well-equipped vehicle. The Core trim provides strong value for its standard features, while the Plus trim adds desirable comfort and convenience without a significant price jump. Opt for the Ultimate trim if you desire all the luxury amenities and advanced driver-assistance features like Pilot Assist. Consider the B5 mild-hybrid for its balance of power and efficiency, or the XC40 Recharge if you're ready for an all-electric experience.
Jovan
Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.