Used 2023 Volvo XC60 for SaleNationwide

How much does the 2023 Volvo XC60 cost?

Prices have softened 16.83% compared to this time last year, making it a favourable time to shop this model year.

There are 295 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2023 Volvo XC60 a good car?

The 2023 Volvo XC60 is a compelling choice if you want a stylish, tech-forward luxury SUV with a strong safety focus and plug-in hybrid flexibility, though it asks you to accept a few compromises. 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 starts with the basic PHEV formula: you get electric-only driving for short trips and a gasoline engine for longer drives, which helps reduce range anxiety. The cabin is described as Scandinavian and upscale, and the technology is a clear strength.

The trade-offs are real, though. Acceleration and braking can feel abrupt rather than smooth, rear-seat legroom is tight, and the value proposition is questionable.

With 29.2% of listings marked as good or great deals, there is some room to shop selectively.

Is the 2023 Volvo XC60 reliable?

The 2023 Volvo XC60 looks like a well-developed luxury SUV, and the expert evaluation points to a powertrain that has been improved over time. The refreshed plug-in hybrid setup is described as a revelation for its blend of style, performance, and efficiency.

The performance notes suggest the updated PHEV system is more capable than before, with a stronger electric motor and a rear motor that adds a torque-vectoring effect in Hybrid mode. That points to a drivetrain that feels more polished than earlier versions.

On the cost side, the model is positioned as a way to test EV-style ownership without fully committing to a pure electric vehicle, and the plug-in hybrid setup can reward nightly charging. That said, the SUV can get expensive quickly, especially in well-equipped form.

For used buyers, the main long-term risk is that a premium plug-in hybrid can be costly to own if you do not regularly charge it and keep up with maintenance.

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

Key things to evaluate:

• Trim level: The Ultimate package brings the most complete equipment set, including the panoramic sunroof, Orrefors crystal gear selector knob, and the available safety features. Base trims will not feel as richly appointed.
• Powertrain: The Recharge plug-in hybrid uses a turbocharged 2.0-litre four-cylinder engine, a rear electric motor, and an 18.8-kWh battery pack. It is tuned for strong performance and electric-only commuting, with an estimated 58 km of electric 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. Oncoming Lane Mitigation is also included, and the Ultimate trim gets the full safety feature set.
• Infotainment: Look for the 9-inch portrait-style touchscreen, the 12-inch digital instrument panel, wireless-style Google Built-in functionality, Apple CarPlay support, Bluetooth, SiriusXM satellite radio, and Wi-Fi access.
• Fuel efficiency: The expert evaluation recorded 4.3 L/100 km over a 105-km route, and 11.9 L/100 km during a highway-heavy Charge-mode trip.

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 trim: This is the entry point if you want the XC60’s style, safety focus, and plug-in hybrid appeal without stretching for extras.
• Plus trim: This is the best-value choice for most shoppers because it adds meaningful equipment while staying below the top-end pricing.
• Ultimate trim: This is the one to choose if you want the most complete luxury and safety experience, including the richest cabin details and the full safety feature set.
• Polestar Engineered trim: Choose this only if you want the most performance-focused version in the lineup.

The safety package note is simple: the Ultimate trim is the one that came with all of the XC60’s available safety features.

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

This looks like a moderate, selective buyer’s market, so you can shop carefully and still find worthwhile listings.

• Deal availability: 29.2% of listings are priced as good or great deals.
• Inventory: There are 295 listings available.
• Price trend: Prices have softened 16.83% compared with last year.

If you find a listing below $40,872 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 $40,872 CAD sits slightly below last year's $49,140 CAD.

That price movement suggests the XC60 has become more accessible for used buyers, which can help demand in the near term. For a future seller, it also means you may need to price competitively if you want to stand out. The upside is that well-equipped examples still sit in a premium segment, so condition, trim, and equipment should matter a lot when you resell.

Is the 2023 Volvo XC60 safe?

The 2023 Volvo XC60 B5 and B6 earn a Top Safety Pick+ rating from 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 Volvo’s most advanced driver-assistance system, combining adaptive cruise control, blind spot monitoring, lane keeping assist, and lane-centring capability on the highway. Oncoming Lane Mitigation is also included, helping reduce the risk of collisions with oncoming traffic or unsafe left turns.

One caveat is that the PHEV version itself has not been assessed by NHTSA, so the strongest crash-test language applies to the related mild-hybrid versions.

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:

• 29.2% of listings are priced as good or great deals.
• Price trend: Prices have softened 16.83% compared with last year.
• The refreshed plug-in hybrid powertrain makes the XC60 Recharge more compelling than before.

Consider the 2022 if:

• At $35,541 CAD, the 2022 costs less than the current year's $40,872 CAD average.
• The 2022 XC60 adds updated powertrains and infotainment while staying practical in size.

The bottom line: Choose the 2023 if you want the stronger refreshed plug-in hybrid experience and are shopping for a well-equipped luxury SUV with solid safety credentials. If your priority is saving money, the 2022 is the better value path, especially if you want a similar Volvo experience for less.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.