Volvo - Xc60 (2023)

Discover the Volvo XC60 price landscape for the 2023 model year, and learn what drivers can expect when searching for a Volvo XC60 2023 price that suits their lifestyle and budget. The Volvo XC60, a staple of the midsize luxury SUV segment, blends comfort, safety, and performance—making it a top choice for families and tech‑savvy commuters alike.

• Engine & Power: 2.0‑liter turbocharged inline‑4 delivering ~180‑200 hp (standard) and 260‑300 hp in the plug‑in hybrid (PHEV) version.
• Transmission: 8‑speed automatic with paddle shifters; dual‑clutch automatic available on PHEV.
• Fuel Type: Pet‑ground‑gasoline (4x4), optional plug‑in hybrid (PET‑EV) offering 28‑30 miles of electric range.
• Dimensions: Wheelbase 112.8 in; Length 184.6 in; Width 71.5 in; Height 68.0 in; Curb weight 4,200‑4,500 lbs.
• Cargo & Seating: 20.3 cu ft behind second row, expands to 60.2 cu ft with rear seats folded; 5‑seat configuration with optional 3‑row.
• Safety & Tech: Volvo’s Sensus infotainment, Apple CarPlay/Android Auto, 5‑star NHTSA safety rating, and active protection technologies (Pilot Assist, City Safety).
• Trim Levels: S, R, Inscription, and PHEV (T4). Each trim brings different luxury comforts, tech packages, and performance tweaks.
• Warranty: 4‑year/50,000‑mi bumper‑to‑bumper, 5‑year/60,000‑mi powertrain with extended battery warranty on PHEV.
• Driver Experience: Balanced ride, responsive steering, adaptive suspension modes (comfort, sport, off‑road).
• Eco‑Footprint: CO₂ emissions: 50‑70 g/km for gasoline engines; significantly lower for PHEV when operating in electric mode.

When assessing a used Volvo XC60 price, it’s essential to understand how depreciation shapes the value ladder. The Volvo XC60 typically loses 15‑20% of its sticker value in the first year, especially on high‑trim models with more tech features. Over a three‑year horizon, the cumulative depreciation usually ranges between 35‑45%, depending on vehicle condition, mileage, geographic demand, and market incentives.

Volvo XC60 depreciation follows industry trends for luxury crossovers: mature models (2018‑2020) retain 55‑60% of MSRP after five years, while newer releases (2023) begin at 50% but can fall faster if the brand introduces major redesigns or competitors release more aggressive pricing. Owners who drive low mileage (<15,000 miles annually) and maintain factory‑approved service records may negotiate better resale terms.

Comparatively, a Volvo XC60 sits in the same bracket as the Audi Q5, BMW X3, and Mercedes‑GLE. While the Volvo