Summary

• With 115 currently listed for sale and an average price of $36,922.00 CAD, 39.1% 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 received updates including new mild-hybrid powertrains and an Android-based infotainment system.

Why it stands out

The 2023 Volvo XC40 makes a strong impression with its stylish design and advanced technology. Its distinctive look combines Volvo's current design language with a practical SUV form, making it stand out in the crowded compact crossover market. A significant feature of the XC40 is its new mild-hybrid powertrain, which enhances fuel efficiency without compromising performance; the B5 model's 2.0-litre turbo-four-cylinder engine produces 247 horsepower and offers smooth power delivery. The XC40 is built on Volvo’s Compact Modular Architecture, ensuring high levels of refinement and comfort. It excels in providing a luxurious driving experience, absorbing bumps and handling corners gracefully, distinguishing it from competitors. Although it may not have the highest cargo capacity in its class, the overall driving dynamics and solid safety features reaffirm its luxury SUV credentials.

Other model years to consider

• 2022 Volvo XC40

  • Average price: $31,975.00 CAD
  • Good/great deal percentage: 40.9%
  • Total listings: 93

• 2021 Volvo XC40

  • Average price: $30,635.00 CAD
  • Good/great deal percentage: 36.5%
  • User rating: 5 / 5
  • Total listings: 85

• 2025 Volvo XC40

  • Average price: $40,444.00 CAD
  • Good/great deal percentage: 29.8%
  • User rating: 5 / 5
  • Total listings: 121

This analysis is based on CarGurus' proprietary market data from June 22, 2026, CarGurus experts' opinions, and generative AI.