Summary

• With 113 currently listed for sale and an average price of $35,982.00 CAD, 33.6% of 2023 Volvo XC40s for sale on CarGurus are rated as good or great deals.

• Favourably reviewed: Owners rated the 2023 Volvo XC40 2 / 5 stars.

• 100.0% of 2023 XC40 models on CarGurus are accident free.

• The 2023 Volvo XC40 features a refreshed design with mild-hybrid powertrains, offering a blend of style and efficiency.

Why it stands out

The 2023 Volvo XC40 distinguishes itself in the competitive subcompact luxury SUV market with its stylish design and advanced technology. This model has been updated with new mild-hybrid powertrains, enhancing fuel efficiency while maintaining a robust performance with a 2.0-litre turbocharged engine that produces 247 horsepower. The XC40's interior is characterized by a minimalist aesthetic, featuring high-quality materials and a user-friendly Android-based infotainment system. Safety remains a top priority for Volvo, as evidenced by the XC40's comprehensive suite of standard safety features, including lane-keep assist and automatic emergency braking. While it may not offer the most cargo space in its class, the XC40 compensates with a refined driving experience and a comfortable ride, making it an appealing choice for buyers seeking a luxury crossover.

Other model years to consider

• 2022 Volvo XC40

  • Average price: $31,029.00 CAD
  • Good/great deal percentage: 38.3%
  • Total listings: 94

• 2021 Volvo XC40

  • Average price: $30,182.00 CAD
  • Good/great deal percentage: 30.1%
  • User rating: 5 / 5
  • Total listings: 83

• 2024 Volvo XC40

  • Average price: $38,927.00 CAD
  • Good/great deal percentage: 26.6%
  • User rating: 4 / 5
  • Total listings: 139

This analysis is based on CarGurus' proprietary market data from July 6, 2026, CarGurus experts' opinions, and generative AI.