Used 2023 Volvo XC60 for Sale nearToronto, ON

How much does the 2023 Volvo XC60 cost?

Prices have softened 17.95% compared to this time last year, making it a favourable time to shop this model year.

There are 260 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2023 Volvo XC60 a good car?

The 2023 Volvo XC60 Recharge is a strong fit if you want a premium plug-in hybrid SUV that balances electric-only commuting with gasoline-backed flexibility. It earns a user rating of 3/5 and an expert rating of 8.00/10.

The model scores 10/10 across Look and feel and Safety.

Its appeal comes from stylish design, impressive technology, and strong safety ratings, while the plug-in hybrid setup makes it especially useful if you want to ease into PHEV ownership without giving up longer-trip flexibility. The trade-offs are worth weighing, though: acceleration and braking can feel abrupt, and rear-seat legroom is tight. Value for the money is also a concern if you are shopping carefully.

With 28.5% of listings priced as good or great deals, there is some room to find a competitive offer if you shop patiently.

Is the 2023 Volvo XC60 reliable?

The 2023 Volvo XC60 Recharge is presented as a refined, well-developed SUV that has benefited from ongoing improvement since its last full redesign. Its plug-in hybrid system is described as a practical way to try electric driving without giving up the reassurance of a gasoline engine.

The performance notes point to a powertrain that is quick, efficient, and capable of delivering meaningful electric-only range for daily use. The cost-effectiveness notes also frame the XC60 as a model that can make sense if you want to test EV-style ownership before fully committing to a pure electric vehicle.

For used buyers, the main long-term ownership risk is that this is a complex luxury plug-in hybrid, so upkeep and repair costs can be higher than you might expect.

What should I look for when buying a used 2023 Volvo XC60?

Key things to evaluate:

• Trim level: The Ultimate trim brings the fullest equipment set, including the most complete safety and convenience content, while the test vehicle’s upscale cabin details show how much the higher trims add over the more basic versions.
• Powertrain: The Recharge setup pairs a turbocharged 2.0-litre four-cylinder engine with a rear electric motor and an 18.8-kWh battery pack, and it is tuned for strong performance with useful electric-only driving range.
• Safety package: Pilot Assist is the key driver-assistance suite, combining adaptive cruise control, blind spot monitoring, lane keeping assist, and lane-centring capability on the highway. Oncoming Lane Mitigation is also included.
• Infotainment: You get a 9-inch portrait-style touchscreen, a 12-inch digital instrumentation panel, Google Built-in, wireless-style smartphone integration through Android-friendly operation, Apple CarPlay support, and over-the-air-style connected services through Google Assistant, Google Maps, and Google Play access.
• Fuel efficiency: The test vehicle averaged 4.3 L/100 km over a 105-km route, and the powertrain was also recorded at 11.9 L/100 km on a highway-heavy trip while charging the battery.

Which 2023 Volvo XC60 trim should I buy?

The 2023 Volvo XC60 is offered in 4 trim levels: Core trim, Plus trim, Ultimate trim, and PHEV-only Polestar Engineered trim.

Here's the short version:

• Core: This is the entry point if you want the XC60 experience at the lowest starting point, but the available content makes it clear that the higher trims bring the richer cabin and broader feature set most shoppers will notice.
• Plus: This is the sensible step-up if you want more equipment without going all the way to the top, and it should suit you if you value a better-balanced luxury experience.
• Ultimate: This is the best-value choice for most used buyers because it brings the most complete safety and comfort content, including the full Pilot Assist suite and the upscale cabin touches that define the XC60 Recharge.
• Polestar Engineered: Choose this only if you specifically want the most performance-focused version of the XC60 Recharge; it is the enthusiast pick in the range.

The Ultimate trim is the one that comes with all of the XC60’s available safety features.

Is now a good time to buy a used 2023 Volvo XC60?

This is a moderate buyer’s market, so you can be selective without expecting every listing to be a bargain.

• Deal availability: 28.5% of listings are priced as good or great deals.
• Inventory: There are 260 listings available.
• Price trend: Prices have softened 17.95% compared with last year.

If you find a listing below $39,972 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Volvo XC60's resale value?

The current average of $39,972 CAD sits slightly below last year's $48,718 CAD.

That drop suggests the XC60 Recharge has become more accessible for used buyers, which can help you if you are shopping now. For a future seller, it means you may face more price pressure unless the vehicle is especially well equipped or exceptionally clean.

The current pricing also sits within a fairly wide year-round range, so condition, trim, and equipment should matter a lot when you decide what to pay or ask.

Is the 2023 Volvo XC60 safe?

The 2023 Volvo XC60 B5 and B6 earn a Top Safety Pick+ rating from the IIHS, and the XC60 B5 and B6 mild-hybrids earn top marks across the board from NHTSA.

It earns a 10/10 safety score from our experts.

Pilot Assist is the main driver-assistance suite, and it combines adaptive cruise control, blind spot monitoring, lane keeping assist, and lane-centring capability on the highway. Oncoming Lane Mitigation is also included to help reduce the risk of collisions with oncoming traffic.

One important caveat is that the crash-test ratings cited here apply to the B5 and B6 mild-hybrid versions, while the plug-in hybrid was not assessed by NHTSA.

Should I buy a 2023 Volvo XC60 or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 28.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 17.95% compared with last year.
• It gives you a compelling plug-in hybrid blend of electric-only commuting and gasoline flexibility.

Consider the 2022 if:

• At $34,664 CAD, the 2022 costs less than the current year's $39,972 CAD average.
• It offers a refreshed XC60 lineup with updated powertrains and a broader mix of mild-hybrid and plug-in hybrid choices.

The bottom line: Choose the 2023 if you want the more current plug-in hybrid experience and are comfortable paying a bit more for it. If your priority is saving money, the 2022 is the better value path and still gives you a modern XC60 with strong appeal.

How does the 2023 Volvo XC60 compare to the 2023 BMW X3?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.