Used 2024 Volvo XC40 for SaleNationwide

How much does the 2024 Volvo XC40 cost?

Prices have softened 10.08% compared to this time last year, making it a favourable time to shop this model year.

There are 96 listings available, which gives you a reasonable amount of choice in the used market.

Is the 2024 Volvo XC40 a good car?

Generally — the 2024 Volvo XC40 earns a 4/5 user rating, which points to solid overall appeal for shoppers who want a compact SUV with a premium feel. The overview highlights a small crossover that blends compact-SUV practicality with a high-end, minimalist cabin, quality materials, leather upholstery, and thoughtful details. It also makes a strong case if you want family-friendly packaging, with impressive rear seat room for its footprint and a large cargo area with a useful folding floor divider.

For you, that means the XC40 is best suited to buyers who value style, practicality, and a well-equipped cabin in a compact package. The market also shows 26.0% of listings are priced as good or great deals, which suggests there are worthwhile opportunities if you shop carefully.

Is the 2024 Volvo XC40 reliable?

Owners rate it 4/5, a solid signal of long-term satisfaction.

The overview also notes that some reliability concerns remain part of the conversation, so you should pay close attention to service records and the condition of key systems when shopping used. For long-term ownership, that means a careful pre-purchase inspection matters more than usual.

Is now a good time to buy a used 2024 Volvo XC40?

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find decent value.

• Deal availability: 26.0% of listings are priced as good or great deals.
• Inventory: There are 96 listings available.
• Price trend: Prices have softened 10.08% compared with last year.

If you find a listing below $37,603 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Volvo XC40's resale value?

The current average of $37,949 CAD sits slightly below last year's $42,205 CAD.

That softer pricing can help you buy in at a more favourable point, but it also means future resale gains may be more limited if the market stays soft. If you plan to sell later, the current trend suggests you should focus on buying well and keeping the vehicle in strong condition. A well-kept XC40 should still appeal to shoppers who want a premium small SUV with a distinctive cabin and practical packaging.

Vehicles with solid owner satisfaction ratings, like this model year's 4/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2024 Volvo XC40 or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 26.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 10.08% compared with last year.
• Owners rate it 4/5 — a solid satisfaction signal.

Consider the 2023 if:

• At $32,897 CAD, the 2023 costs less than the current year's $37,949 CAD average.
• It gained a refreshed mild-hybrid setup and a more modern infotainment system.

The bottom line:
Choose the 2024 if you want the stronger current-market mix of pricing, inventory, and broad appeal. If your priority is spending less upfront, the 2023 is the better value path and still delivers the XC40’s core strengths.

How does the 2024 Volvo XC40 compare to the 2024 BMW X1?

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.