Summary

• With 115 currently listed for sale and an average price of $35,582.00 CAD, 29.6% 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 a mild-hybrid powertrain, 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 mild-hybrid powertrain. This model introduces several updates, including a new Android-based infotainment system and enhanced exterior styling, such as the signature "Thor's Hammer" headlights. The XC40 is powered by a 2.0-litre turbocharged engine that delivers 247 horsepower, ensuring a smooth and refined driving experience. While it may not offer the most cargo space compared to some rivals, its upscale interior and comprehensive safety features make it an appealing choice for buyers seeking a luxury vehicle. The XC40's commitment to safety is evident, with standard features like lane-keep assist and automatic emergency braking, reinforcing Volvo's reputation as a leader in automotive safety.

Other model years to consider

• 2022 Volvo XC40

  • Average price: $31,475.00 CAD
  • Good/great deal percentage: 31.2%
  • User rating: Not available
  • Total listings: 93

• 2024 Volvo XC40

  • Average price: $38,968.00 CAD
  • Good/great deal percentage: 30.7%
  • User rating: 4 / 5
  • Total listings: 140

• 2025 Volvo XC40

  • Average price: $39,947.00 CAD
  • Good/great deal percentage: 30.4%
  • User rating: 5 / 5
  • Total listings: 115

This analysis is based on CarGurus' proprietary market data from July 20, 2026, CarGurus experts' opinions, and generative AI.