2023 Volvo XC40

header-image
Rating7.4
Write Review
$36,350 - $46,500
Starting Price 
Nathan Dyer's image
Nathan Dyer 

Senior Editor,

Updated on January 31, 2024

ProsConsWhat's New

Serene ride and handling

Limited connectivity and tech features

The front fascia is expected to get a few tweaks

Premium interior

Safety features

Uber cool design

Cramped rear legroom

Specs & Features

$36,350

price

194 hp @ 4700 rpm

horsepower

221 lb.-ft. @ 1400 rpm

torque

8-speed Automatic

transmission

2.0L 4cyl FWD 8A

engine

-

basic warranty

Overview

Competing in the subcompact SUV segment, the 2023 Volvo XC40 goes up against other notable names in the class, like the BMW X1, the Audi Q3, and the Mercedes-Benz GLA-Class. Spread across 3 trims, the Volvo XC40 starts off at a base price of MSRP $36,000 and carries on to $42,000. Not all trims are built equal, however, as there are 2 powertrains on offer. 

The standard engine is a 2.0L Inline-4 engine rated for 187 horsepower and 221 lb-ft of torque. With this engine, the XC40 gives you a towing capacity of 3,500 pounds. An optional 2.0L Inline-4 engine is also offered, with an output of 248 horsepower. An 8-Speed Automatic transmission is offered alongside both engines. The 2023 XC40 is capable of accelerating from a standstill to 60 MPH in just 9.0 seconds.

Buying Advice

Competitors such as the BMW X1 and the GLA-Class make it challenging for Volvo XC40 to stand out. You might want to consider the Volvo if you're looking for a simplistic SUV with impressive safety features and a smooth ride. If not, Germans are the ideal choice. 

Trims

    B4 Core
    $36,350 onwards
    • Engine: 2.0L 4cyl FWD 8A
    • Horsepower: 194 hp @ 4700 rpm hp
    • Torque: 221 lb.-ft. @ 1400 rpm
    • 0-60 mph: 7.6 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 27 mpg
    B5 Core
    $38,350 onwards
    • Engine: 2.0L 4cyl AWD 8A
    • Horsepower: 247 hp @ 5500 rpm hp
    • Torque: 258 lb.-ft. @ 1800 rpm
    • 0-60 mph: 6.1 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 26 mpg
    B4 Plus Bright Theme
    $40,750 onwards
    • Engine: 2.0L 4cyl FWD 8A
    • Horsepower: 194 hp @ 4700 rpm hp
    • Torque: 221 lb.-ft. @ 1400 rpm
    • 0-60 mph: 7.6 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 27 mpg
    B4 Plus Dark Theme
    $40,750 onwards
    • Engine: 2.0L 4cyl FWD 8A
    • Horsepower: 194 hp @ 4700 rpm hp
    • Torque: 221 lb.-ft. @ 1400 rpm
    • 0-60 mph: 7.6 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 27 mpg
    B5 Plus Bright Theme
    $42,750 onwards
    • Engine: 2.0L 4cyl AWD 8A
    • Horsepower: 247 hp @ 5500 rpm hp
    • Torque: 258 lb.-ft. @ 1800 rpm
    • 0-60 mph: 6.1 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 26 mpg
    B5 Plus Dark Theme
    $42,750 onwards
    • Engine: 2.0L 4cyl AWD 8A
    • Horsepower: 247 hp @ 5500 rpm hp
    • Torque: 258 lb.-ft. @ 1800 rpm
    • 0-60 mph: 6.1 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 26 mpg
    B4 Ultimate Bright Theme
    $44,500 onwards
    • Engine: 2.0L 4cyl FWD 8A
    • Horsepower: 194 hp @ 4700 rpm hp
    • Torque: 221 lb.-ft. @ 1400 rpm
    • 0-60 mph: 7.6 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 27 mpg
    B4 Ultimate Dark Theme
    $44,500 onwards
    • Engine: 2.0L 4cyl FWD 8A
    • Horsepower: 194 hp @ 4700 rpm hp
    • Torque: 221 lb.-ft. @ 1400 rpm
    • 0-60 mph: 7.6 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 27 mpg
    B5 Ultimate Bright Theme
    $46,500 onwards
    • Engine: 2.0L 4cyl AWD 8A
    • Horsepower: 247 hp @ 5500 rpm hp
    • Torque: 258 lb.-ft. @ 1800 rpm
    • 0-60 mph: 6.1 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 26 mpg
    B5 Ultimate Dark Theme
    $46,500 onwards
    • Engine: 2.0L 4cyl AWD 8A
    • Horsepower: 247 hp @ 5500 rpm hp
    • Torque: 258 lb.-ft. @ 1800 rpm
    • 0-60 mph: 6.1 sec
    • Top Speed: TBD mph
    • Fuel Economy Combined: 26 mpg

Compare to similar cars

Price

$36,350- $47,795

Engine

Gasoline

Rating

7.38

Horsepower

247 hp @ 5500 rpm

Torque

258 lb.-ft. @ 1800 rpm

Capacity

5

Read Review

$55,550- $70,850

Gasoline

8.64

300 hp @ 5800 rpm

311 lb.-ft. @ 1650 rpm

5

Read Review

$58,400- $79,275

Gasoline

7.31

296 hp @ 5500 rpm

295 lb.-ft. @ 1500 rpm

7

Read Review

$72,800- $83,100

Gasoline

8.1

335 hp @ 5700 rpm

369 lb.-ft. @ 2800 rpm

5

Read Review

$72,200- $135,900

Gasoline

7.89

335 hp @ 5300 rpm

332 lb.-ft. @ 1340 rpm

4

Read Review

$47,400- $57,000

Gasoline

7.57

275 hp @ 6000 rpm

317 lb.-ft. @ 1700 rpm

5

Read Review

$70,100- $89,100

Gasoline

7.5

335 hp @ 5500 rpm

330 lb.-ft. @ 1500 rpm

5

Read Review

$32,395- $59,050

Gasoline

7.93

247 hp @ 5500 rpm

258 lb.-ft. @ 1800 rpm

5

Read Review

$54,495- $70,795

Gasoline

7.99

247 hp @ 5500 rpm

258 lb.-ft. @ 1500 rpm

7

Read Review

$49,550- $73,200

Gasoline

7.95

290 hp @ 6200 rpm

267 lb.-ft. @ 4700 rpm

7

Read Review

2023 Volvo XC40 vs competitor's 0-60

    Car Name
    0-60 MPH
    Quarter Mile
    Top Speed
    SourceCompare
    2023 Volvo XC40

    Ranked #14

    7.6 sec--
    2023 BMW X5

    Ranked #1

    5.2 sec14.3 sec130 mph
    2023 Audi Q8

    Ranked #2

    5.3 sec14.0 sec130 mph
    2023 BMW X6

    Ranked #2

    5.3 sec13.8 sec130 mph
    5.4 sec--
    5.9 sec-152 mph

    2023 Volvo XC40 vs competitor's MPG

      Car Name
      MPG City
      MPG Highway
      MPG Combined
      Fuel Tank Capacity
      Range (C/H)
      SourceCompare
      24 mpg32 mpg27 mpg14.2 gal.340.8/454.4 mi.
      23 mpg30 mpg26 mpg18.8 gal.432.4/564 mi.
      22 mpg28 mpg25 mpg18.8 gal.-
      22 mpg29 mpg25 mpg17.8 gal.384/518.40 mi.
      2023 BMW X6

      Ranked #4

      21 mpg25 mpg23 mpg21.9 gal.459.9/547.5 mi.
      2023 BMW X5

      Ranked #4

      21 mpg26 mpg23 mpg21.9 gal.459.9/569.4 mi.

      2023 Volvo XC40 vs competitor's dimensions

        Car Name
        Length
        Width
        Height
        Ground Clearance
        Wheelbase
        SourceCompare
        2023 Volvo XC40

        Ranked #18

        174.8 in.75.2 in.65.2 in.8.3 in.106.4 in. -
        2023 Audi Q7

        Ranked #1

        199.3 in.77.6 in.68.5 in.-117.9 in. -
        198.5 in.77.3 in.69.9 in.6.65 in.112.7 in. -
        198.4 in.78.7 in.67.1 in.7.3 in.113.8 in. -
        198.2 in.78 in.69.7 in.6.7 in.114.2 in. -
        2023 Audi Q8

        Ranked #5

        196.6 in.78.5 in.67.2 in.5.8 in.117.9 in. -

        2023 Volvo XC40 vs competitor's trunk space

          Car Name
          Trunk Capacity
          Passenger Volume
          Max Trunk Volume
          SourceCompare
          2023 Volvo XC40

          Ranked #16

          20.4 cu.ft.-57.5 cu.ft.
          31.9 cu.ft.-118 cu.ft.
          18.1 cu.ft.139.1 cu.ft.95 cu.ft.
          34.9 cu.ft.108.7 cu.ft.84 cu.ft.
          12.6 cu.ft.149.9 cu.ft.78.7 cu.ft.
          14.5 cu.ft.140.6 cu.ft.75.4 cu.ft.

          2023 Volvo XC40 vs competitor's cargo space

            Car Name
            Cargo Volume
            Cargo Volume w/ Seat Area
            Max Cargo Volume
            SourceCompare
            57.5 cu.ft.20.4 cu.ft.57.5 cu.ft.
            118 cu.ft.31.9 cu.ft.118 cu.ft.
            75.4 cu.ft.14.5 cu.ft.75.4 cu.ft.
            2023 BMW X5

            Ranked #4

            72.3 cu.ft.33.9 cu.ft.72.3 cu.ft.
            2023 Audi Q7

            Ranked #5

            69.6 cu.ft.14.2 cu.ft.69.6 cu.ft.
            74.3 cu.ft.9.1 cu.ft.74.3 cu.ft.

            2023 Volvo XC40 vs competitor's towing capacity

              Car Name
              Towing Capacity
              Payload Capacity
              Weight
              SourceCompare
              3500 lbs.925 lbs.3726 lbs.
              7716 lbs.2105 lbs.4990 lbs.
              7700 lbs.1657 lbs.4663 lbs.
              2023 Audi Q8

              Ranked #2

              7700 lbs.1157 lbs.4971 lbs.
              2023 BMW X6

              Ranked #3

              7209 lbs.994 lbs.4855 lbs.
              2023 BMW X5

              Ranked #3

              7209 lbs.1014 lbs.4828 lbs.

              Top Volvo Cars

              2023 Volvo S90

              Horsepower : 295 hp @ 5400 rpm

              MPG Combined : 26 mpg

              0-60 : 6.4 sec

              #1

              2023 Volvo XC60

              Horsepower : 247 hp @ 5500 rpm

              MPG Combined : 26 mpg

              0-60 : 6.5 sec

              #2

              2023 Volvo XC90

              Horsepower : 247 hp @ 5500 rpm

              MPG Combined : 25 mpg

              0-60 : 7.3 sec

              #3

              2023 Volvo S60

              Horsepower : 247 hp @ 5400 rpm

              MPG Combined : 30 mpg

              0-60 : 6.4 sec

              #4

              2023 Volvo XC40

              Horsepower : 194 hp @ 4700 rpm

              MPG Combined : 27 mpg

              0-60 : 7.6 sec

              #5