Summary

• With 113 currently listed for sale and an average price of $36,510.00 CAD, 36.3% 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 has been refreshed with mild-hybrid powertrains, updated styling, and a new Android-based infotainment system.

Why it stands out

The 2023 Volvo XC40 is distinguished by its stylish design and multiple powertrain options, including the new mild-hybrid variants that contribute to improved fuel efficiency and performance. Its 2.0-litre turbocharged engine delivers a solid 247 horsepower, allowing the XC40 to accelerate with ease while maintaining a refined driving experience. Inside, the XC40 continues to impress with its minimalist design and high-quality materials, providing a comfortable and upscale environment. Despite its smaller size, the XC40 offers decent interior space and cargo capacity for everyday use, although some competitors may offer more room. The integration of advanced technology, such as the Android-based infotainment system, enhances connectivity and user experience. Overall, the XC40 remains a compelling choice for buyers seeking a blend of luxury, performance, and practicality in a subcompact crossover.

Other model years to consider

• 2022 Volvo XC40

  • Average price: $31,934.00 CAD
  • Good/great deal percentage: 30.1%
  • Total listings: 93

• 2021 Volvo XC40

  • Average price: $30,308.00 CAD
  • Good/great deal percentage: 29.5%
  • User rating: 5 / 5
  • Total listings: 88

This analysis is based on CarGurus' proprietary market data from June 1, 2026, CarGurus experts' opinions, and generative AI.