2023 Volvo XC40 vs. 2024 Volvo XC40
iSeeCars' unbiased and data-driven comparison of the 2023 Volvo XC40 and 2024 Volvo XC40 contrasts the two cars across a broad spectrum of vehicle specifications to determine which car is better. In addition to comparing pricing and specs, iSeeCars uses all the ratings, rankings, and insights from its comprehensive analyses of each vehicle model, including calculations of reliability, safety, depreciation, value retention, and the vehicle's projected lifetime recalls (based on analyzing over 25 billion data points). This in-depth evaluation is used to identify which vehicle represents a better overall choice for shoppers who are considering both the 2023 Volvo XC40 and the 2024 Volvo XC40.
When we compare the 2023 Volvo XC40's and the 2024 Volvo XC40's specifications and ratings, the 2023 Volvo XC40 has the advantage in the areas of new vehicle base pricing, typical lower range of pricing for used cars, and fuel efficiency and interior volume. The 2024 Volvo XC40 has the advantage in the area of base engine power. The 2023 Volvo XC40 and 2024 Volvo XC40 have the same Based on this comparison of the 2023 Volvo XC40's and the 2024 Volvo XC40's specifications and ratings, the 2023 Volvo XC40 is a better car than the 2024 Volvo XC40.
Pricing: A used 2023 Volvo XC40 ranges from $34,946 to $49,209 while a used 2024 Volvo XC40 is priced between $40,489 to $50,702. For a new model, the 2023 Volvo XC40's price is between $41,143 and $51,587, with the 2024 Volvo XC40 priced between $43,000 and $52,303.
Resale/Retained Value: Looking at the 5-year depreciation rate, the 2023 Volvo XC40 and the 2024 Volvo XC40 both lose 44.2 percent of their value.
Engine Power and Fuel Efficiency Comparison: For engine performance, the 2023 Volvo XC40’s base engine makes 194 horsepower, and the 2024 Volvo XC40 base engine makes 247 horsepower. The XC40 is rated to deliver an average of 27 miles per gallon, with a highway range of 454 miles. The XC40 is rated to deliver an average of 26 miles per gallon, with a highway range of 426 miles. This gives the 2023 Volvo XC40 the fuel efficiency and maximum range advantage over the 2024 Volvo XC40. Both models use premium unleaded.
Safety Ratings: The Volvo XC40 has an average safety rating of 5 out of 5 Stars based on NHTSA's crash test ratings.
New Car Pricing
Asking Price:
$41,143 - $51,587
Starting MSRP:
$36,350
Category Avg Starting MSRP:
(Luxury Subcompact SUVs)
$38,105
Category Starting MSRP Range:
(Luxury Subcompact SUVs)
$25,900 - $48,000
New Car Pricing
Asking Price:
$43,000 - $52,303
Starting MSRP:
$40,500
Category Avg Starting MSRP:
(Luxury Subcompact SUVs)
$40,572
Category Starting MSRP Range:
(Luxury Subcompact SUVs)
$25,600 - $49,900
Used Car Pricing
Avg Used Car Price:
$41,104
Price Range:
$34,946 - $49,209
Category Avg Price:
(Luxury Subcompact SUVs)
$37,679
Category Avg Price Range:
(Luxury Subcompact SUVs)
$26,738 - $46,684
# Used Cars for Sale Nationally:
231
Avg Mileage of Used Cars for Sale:
21,770
# Good or Great Deals:
121
Used Car Pricing
Avg Used Car Price:
$46,149
Price Range:
$40,489 - $50,702
Category Avg Price:
(Luxury Subcompact SUVs)
$45,794
Category Avg Price Range:
(Luxury Subcompact SUVs)
$28,730 - $58,418
# Used Cars for Sale Nationally:
735
Avg Mileage of Used Cars for Sale:
10,456
# Good or Great Deals:
246
Volvo XC40 Scores & Rankings
Overall Score:
Not available
Reliability:
Not available
Retained Value:
7.8 / 10
Safety:
10.0 / 10
Volvo XC40 Scores & Rankings
Overall Score:
Not available
Reliability:
Not available
Retained Value:
7.8 / 10
Safety:
10.0 / 10
iSeeCars Reliability Insights for 2023 Volvo XC40
Remaining Life Expectancy (years):
Typical Category Remaining Life Expectancy:
(Luxury Subcompact SUVs)
10.8
Category Remaining Life Expectancy Range:
(Luxury Subcompact SUVs)
10.1 - 11.3
Chance of Reaching 200k Miles for a New Car:
iSeeCars Reliability Insights for 2024 Volvo XC40
Avg Life Expectancy (years):
Typical Category Life Expectancy:
(Luxury Subcompact SUVs)
11.8
Category Life Expectancy Range:
(Luxury Subcompact SUVs)
11.1 - 12.3
Chance of Reaching 200k Miles for a New Car:
Expected 30-year Lifetime Recalls
Expected Lifetime Recalls:
4.4
Typical Category Recalls:
(Luxury Subcompact SUVs)
2.6
Category Range for Recalls:
(Luxury Subcompact SUVs)
1.2 - 14.7
Expected 30-year Lifetime Recalls
Expected Lifetime Recalls:
4
Typical Category Recalls:
(Luxury Subcompact SUVs)
3.6
Category Range for Recalls:
(Luxury Subcompact SUVs)
1.3 - 6.2
Volvo XC40 Rankings
Ranking
1 out of / 13Ranking
3 out of / 13Ranking
3 out of / 9Ranking
4 out of / 13Ranking
5 out of / 13Ranking
5 out of / 13Ranking
6 out of / 59Ranking
6 out of / 13Ranking
6 out of / 13Ranking
8 out of / 13Ranking
12 out of / 68Ranking
16 out of / 68Ranking
36 out of / 68Ranking
37 out of / 68Ranking
37 out of / 68Ranking
46 out of / 68Ranking
48 out of / 68Ranking
54 out of / 68Volvo XC40 Rankings
Ranking
1 out of / 13Ranking
3 out of / 13Ranking
3 out of / 9Ranking
4 out of / 13Ranking
5 out of / 13Ranking
5 out of / 13Ranking
6 out of / 59Ranking
6 out of / 13Ranking
6 out of / 13Ranking
8 out of / 13Ranking
12 out of / 68Ranking
16 out of / 68Ranking
36 out of / 68Ranking
37 out of / 68Ranking
37 out of / 68Ranking
46 out of / 68Ranking
48 out of / 68Ranking
54 out of / 68Available Body Styles
SUV
Available Body Styles
SUV
Available Drivetrain Options
Gasoline
Available Drivetrain Options
Gasoline
2023 Volvo XC40 Trim Levels
B4 Core, B4 Plus Bright Theme, B4 Plus Dark Theme, B4 Ultimate Bright Theme, B4 Ultimate Dark Theme, B5 Core, B5 Plus Bright Theme, B5 Plus Dark Theme, B5 Ultimate Bright Theme, B5 Ultimate Dark Theme
2024 Volvo XC40 Trim Levels
B5 Core Bright Theme, B5 Core Dark Theme, B5 Plus Bright Theme, B5 Plus Dark Theme, B5 Ultimate Bright Theme, B5 Ultimate Dark Theme
Warranty Information
Warranty, Bumper-to-Bumper:
4 years / 50000 miles
Warranty, Powertrain:
4 years / 50000 miles
Warranty, Roadside Assistance:
4 years
Warranty Information
Warranty, Bumper-to-Bumper:
4 years / 50000 miles
Warranty, Powertrain:
4 years / 50000 miles
Warranty, Roadside Assistance:
4 years
Safety Ratings
NHTSA Safety Rating (last 5 year average):
5 out of 5 Stars
2025 NHTSA Overall Rating:
4 out of 5 Stars
2025 NHTSA Front Crash Overall Rating:
5 out of 5 Stars
2025 NHTSA Side Crash Overall Rating:
5 out of 5 Stars
2025 NHTSA Rollover Rating:
4 out of 5 Stars
IIHS Safety Rating:
Not yet available
Safety Ratings
NHTSA Safety Rating (last 5 year average):
5 out of 5 Stars
2025 NHTSA Overall Rating:
4 out of 5 Stars
2025 NHTSA Front Crash Overall Rating:
5 out of 5 Stars
2025 NHTSA Side Crash Overall Rating:
5 out of 5 Stars
2025 NHTSA Rollover Rating:
4 out of 5 Stars
IIHS Safety Rating:
Not yet available
Base Drivetrain Specs
Horsepower:
194 hp @ 4800 rpm
Torque:
221 foot-lbs @ 1500 rpm
Power-to-Weight Ratio (higher is better):
0.052 hp per pound
Towing capacity:
Not yet available
Base Drivetrain Specs
Horsepower:
247 hp @ 5400 rpm
Torque:
258 foot-lbs @ 1800 rpm
Power-to-Weight Ratio (higher is better):
0.064 hp per pound
Towing capacity:
Not yet available
Engine Specifications
Engine Size:
2 liters
Engine Configuration:
Inline
Number of Cylinders:
4
Transmission:
Automatic
Standard/Optional Drivetrain Type:
FWD / AWD
EPA Fuel Economy
(City/Highway/Combined MPG):
24 / 32 / 27
Range (city/hwy):
341 / 454 miles
Recommended Fuel Type:
Premium Unleaded
Engine Specifications
Engine Size:
2 liters
Engine Configuration:
Inline
Number of Cylinders:
4
Transmission:
Automatic
Standard/Optional Drivetrain Type:
AWD
EPA Fuel Economy
(City/Highway/Combined MPG):
24 / 30 / 26
Range (city/hwy):
341 / 426 miles
Recommended Fuel Type:
Premium Unleaded
Standard/Optional Features
Alloy wheels:
Standard
Android Auto:
Standard
Apple CarPlay:
Standard
Bench Seats:
Standard
Bluetooth:
Standard
Heated Seats
Standard
Internet Radio:
Standard
Keyless Entry:
Standard
Keyless Ignition:
Standard
Navigation System:
Standard
Parking Sensors:
Standard
Power Lift Gate:
Standard
Power outlet:
Standard
Roadside assistance:
Standard
Satellite radio:
Standard
Voice Recognition:
Standard
Wifi:
Standard
Adaptive Cruise Control:
Available
Heated Steering Wheel:
Available
Leather Upholstery:
Available
Roof Rack:
Available
Sunroof/Moonroof:
Available
Trailer Hitch:
Available
Air Suspension:
N/A
Automatic Parking:
N/A
Captain's seat:
N/A
Cooled/Ventilated Seats:
N/A
Front Bench Seats:
N/A
Massage Seats:
N/A
Paddle Shifters:
N/A
Panoramic Sunroof/Moonroof
N/A
Quad Seats:
N/A
Wireless Smartphone Charging:
N/A
Standard/Optional Features
Alloy wheels:
Standard
Android Auto:
Standard
Apple CarPlay:
Standard
Bench Seats:
Standard
Bluetooth:
Standard
Heated Seats
Standard
Internet Radio:
Standard
Keyless Entry:
Standard
Keyless Ignition:
Standard
Navigation System:
Standard
Parking Sensors:
Standard
Power Lift Gate:
Standard
Power outlet:
Standard
Roadside assistance:
Standard
Satellite radio:
Standard
Voice Recognition:
Standard
Wifi:
Standard
Adaptive Cruise Control:
Available
Heated Steering Wheel:
Available
Leather Upholstery:
Available
Roof Rack:
Available
Sunroof/Moonroof:
Available
Trailer Hitch:
Available
Air Suspension:
N/A
Automatic Parking:
N/A
Captain's seat:
N/A
Cooled/Ventilated Seats:
N/A
Front Bench Seats:
N/A
Massage Seats:
N/A
Paddle Shifters:
N/A
Panoramic Sunroof/Moonroof
N/A
Quad Seats:
N/A
Wireless Smartphone Charging:
Standard
Safety Features
Backup camera:
Standard
Blind Spot Monitoring:
Standard
Driver Attention Monitoring:
Standard
Forward Collision Warning:
Standard
Lane Departure Warning:
Standard
Lane Keeping Assist:
Standard
Pedestrian Detection:
Standard
Rear Cross-Traffic Alert:
Standard
360-Degree Camera:
Available
Rear Seat Reminder:
N/A
Safety Features
Backup camera:
Standard
Blind Spot Monitoring:
Standard
Driver Attention Monitoring:
Standard
Forward Collision Warning:
Standard
Lane Departure Warning:
Standard
Lane Keeping Assist:
Standard
Pedestrian Detection:
Standard
Rear Cross-Traffic Alert:
Standard
360-Degree Camera:
Available
Rear Seat Reminder:
Standard
Interior Dimensions
Front Head Room:
39 inches
Front Leg Room:
40.9 inches
Front Shoulder Room:
56.7 inches
Rear Head Room:
39.1 inches
Rear Leg Room:
36.1 inches
Rear Shoulder Room:
56.3 inches
Cargo Space:
21.7 cubic feet
Cargo Space, 2nd-row seat folded down:
57.5 cubic feet
Overall Interior Volume:
119.7 cubic feet
Interior Dimensions
Front Head Room:
39 inches
Front Leg Room:
40.9 inches
Front Shoulder Room:
56.7 inches
Rear Head Room:
39.1 inches
Rear Leg Room:
36.1 inches
Rear Shoulder Room:
56.3 inches
Cargo Space:
16 cubic feet
Cargo Space, 2nd-row seat folded down:
57.5 cubic feet
Overall Interior Volume:
114.0 cubic feet
Exterior Dimensions
Curb Weight:
3726 lbs
Width:
80.1 inches
Height:
65.2 inches
Length:
174.8 inches
Wheelbase:
106.4 inches
Ground Clearance:
8.1 inches
Exterior Dimensions
Curb Weight:
3861 lbs
Width:
80.1 inches
Height:
65.2 inches
Length:
174.8 inches
Wheelbase:
106.4 inches
Ground Clearance:
8.1 inches
Standard Wheel/Tire Information
Wheel Size:
18.0 x 7.5 inches
Wheel Type:
painted aluminum alloy
Tire Size:
235/55R18
Standard Wheel/Tire Information
Wheel Size:
18.0 x 7.5 inches
Wheel Type:
painted aluminum alloy
Tire Size:
235/55R18
Exterior Colors
Black
Black Stone / Onyx Black Metallic
Blue
Fjord Blue Metallic
Gray
Bright Dusk Metallic / Thunder Grey Metallic
Green
Sage Green Metallic
Red
Fusion Red Metallic
Silver
Silver Dawn Metallic
White
Crystal White Metallic
Exterior Colors
Black
Onyx Black Metallic
Blue
Cloud Blue / Fjord Blue Metallic
Gray
Bright Dusk Metallic / Vapour Grey Metallic
Green
Sage Green Metallic
Red
Fusion Red Metallic
Silver
Silver Dawn Metallic
White
Crystal White Metallic
Interior Colors
Black
Charcoal
Gray
Grey Melange City Block Textile
Interior Colors
Black
Charcoal
Gray
Grey Melange City Block in Charcoal Interior