2023 Volvo XC40 vs 2024 Lexus TX
Overview | |
MSRP$36,350 | MSRP$53,700 |
Listings35 | Listings23 |
Ratings & Reviews | |
User Reviews | User Reviews |
Expert reviews7.5 out of 10 | Expert reviews7.2 out of 10 |
Pros
Cons
| Pros
Cons
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2023 Volvo XC40 Reviews SummaryIn Volvo speak, “40” denotes an entry-level model. While the Swedish automaker no longer rosters the S40 sedan or V40 wagon in North America, the XC40 subcompact crossover remains to compete with the likes of the Audi Q3, the BMW X1, the Lexus UX, and the Mercedes-Benz GLA for aspiring luxury-car owners’ dollars. The XC40 was unveiled in 2017, arriving as a 2019 model, and it hasn’t undergone a redesign since. An all-electric Volvo XC40 Recharge variant joined the lineup as a 2021 model. Volvo’s other current EV, the C40 Recharge, is also broadly similar to the XC40 models, but with a coupe-like body style. For 2023, Volvo gave the XC40 several notable updates, including new mild-hybrid powertrains, revised styling, and the Android-based infotainment system previously seen on the XC40 Recharge and other Volvo models. The mild-hybrid lineup includes base Core, mid-level Plus, and top Ultimate trim levels, with standard B5 all-wheel drive (AWD) drivetrains (the B4 front-wheel drive, or FWD, version offered in the US is not available in Canada). This Volvo XC40 review is based on the Ultimate trim in B5 AWD spec. | |
2024 Lexus TX Reviews SummaryLexus has sold three-row SUVs in the past. But they were either originally engineered for serious off-roading (GX), too expensive (LX), or too cramped for third-row passengers (RX L). The 2024 Lexus TX is none of these things, making it perfect for the typical three-row luxury SUV buyer who spends almost all their time on paved roads. Overall, based on our week testing a TX 350, this new Lexus SUV gets most things right. | |
No video found | No video found |
Popular Features & Specs | |
Engine2.0L 194 hp I4 | Engine2.4L 275 hp I4 |
Drive TrainFWD | Drive TrainFWD |
Seating Capacity5 | Seating Capacity7 |
Horsepower194 hp @ 4800 rpm | Horsepower275 hp @ 6000 rpm |
MPG City24 | MPG City21 |
MPG Highway32 | MPG Highway27 |
Engine | |
Engine Name2.0L 194 hp I4 | Engine Name2.4L 275 hp I4 |
Torque221 lb-ft @ 1500 rpm | Torque317 lb-ft @ 1700 rpm |
Horsepower194 hp @ 4800 rpm | Horsepower275 hp @ 6000 rpm |
DrivetrainFWD | DrivetrainFWD |
Fuel Economy | |
MPG City24 | MPG City21 |
MPG Highway32 | MPG Highway27 |
Interior | |
Leather SeatsStandard | Leather Seats |
Seating Capacity5 | Seating Capacity7 |
Key Features | |
Navigation SystemStandard | Navigation SystemStandard |
Safety | |
Front Crash Overall5 | Front Crash Overall |
Side Crash Overall5 | Side Crash Overall |
Dimensions & Capacity | |
Cargo Space21.7 cu ft | Cargo Space20.2 cu ft |
Curb Weight3726 lbs | Curb Weight4420 lbs |
Height65.2 in | Height70.1 in |
Length174.8 in | Length203.1 in |
Width80.1 in | Width78.3 in |
Wheelbase106.4 in | Wheelbase116.1 in |
Maximum Payload925 lbs | Maximum Payload1590 lbs |
Number of doors4 | Number of doors4 |
Maximum Towing Capacity3500 lbs | Maximum Towing Capacity5000 lbs |
Overview | ||
MSRP | $36,350 | $53,700 |
Listings | ||
Ratings & Reviews | ||
User reviews | ||
Expert reviews | 7.5 out of 10Read full review | 7.2 out of 10Read full review |
Pros & cons | Pros
Cons
| Pros
Cons
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Summary | In Volvo speak, “40” denotes an entry-level model. While the Swedish automaker no longer rosters the S40 sedan or V40 wagon in North America, the XC40 subcompact crossover remains to compete with the likes of the Audi Q3, the BMW X1, the Lexus UX, and the Mercedes-Benz GLA for aspiring luxury-car owners’ dollars. The XC40 was unveiled in 2017, arriving as a 2019 model, and it hasn’t undergone a redesign since. An all-electric Volvo XC40 Recharge variant joined the lineup as a 2021 model. Volvo’s other current EV, the C40 Recharge, is also broadly similar to the XC40 models, but with a coupe-like body style. For 2023, Volvo gave the XC40 several notable updates, including new mild-hybrid powertrains, revised styling, and the Android-based infotainment system previously seen on the XC40 Recharge and other Volvo models. The mild-hybrid lineup includes base Core, mid-level Plus, and top Ultimate trim levels, with standard B5 all-wheel drive (AWD) drivetrains (the B4 front-wheel drive, or FWD, version offered in the US is not available in Canada). This Volvo XC40 review is based on the Ultimate trim in B5 AWD spec. | Lexus has sold three-row SUVs in the past. But they were either originally engineered for serious off-roading (GX), too expensive (LX), or too cramped for third-row passengers (RX L). The 2024 Lexus TX is none of these things, making it perfect for the typical three-row luxury SUV buyer who spends almost all their time on paved roads. Overall, based on our week testing a TX 350, this new Lexus SUV gets most things right. |
Video | No video found | No video found |
Popular Features & Specs | ||
Engine | 2.0L 194 hp I4 | 2.4L 275 hp I4 |
Drive Train | FWD | FWD |
Seating Capacity | 5 | 7 |
Horsepower | 194 hp @ 4800 rpm | 275 hp @ 6000 rpm |
MPG City | 24 | 21 |
MPG Highway | 32 | 27 |
Engine | ||
Engine Name | 2.0L 194 hp I4 | 2.4L 275 hp I4 |
Torque | 221 lb-ft @ 1500 rpm | 317 lb-ft @ 1700 rpm |
Horsepower | 194 hp @ 4800 rpm | 275 hp @ 6000 rpm |
Drivetrain | FWD | FWD |
Fuel Economy | ||
MPG City | 24 | 21 |
MPG Highway | 32 | 27 |
Interior | ||
Leather Seats | Standard | |
Seating Capacity | 5 | 7 |
Key Features | ||
Navigation System | Standard | Standard |
Safety | ||
Front Crash Overall | 5 | |
Side Crash Overall | 5 | |
Dimensions & Capacity | ||
Cargo Space | 21.7 cu ft | 20.2 cu ft |
Curb Weight | 3726 lbs | 4420 lbs |
Height | 65.2 in | 70.1 in |
Length | 174.8 in | 203.1 in |
Width | 80.1 in | 78.3 in |
Wheelbase | 106.4 in | 116.1 in |
Maximum Payload | 925 lbs | 1590 lbs |
Number of doors | 4 | 4 |
Maximum Towing Capacity | 3500 lbs | 5000 lbs |
The 2023 Volvo XC40 maintained its distinctive design, characterized by a flat-roofed profile and a clean exterior that aligned with Volvo's pro-electrification ethos. Updates for 2023 included a pixelated design for the "Thor’s Hammer" headlights, a more angular front bumper, and new wheel designs. The XC40 Recharge was easily identifiable with its sealed-off grille. Inside, the XC40 featured a minimalist design with thin air vents, dual-zone automatic climate control, and optional leather upholstery. The XC40 Ultimate test vehicle included a panoramic moonroof and an Orrefors crystal shift knob, though the all-black interior felt somewhat utilitarian.
The 2024 Lexus TX, based on the Toyota Grand Highlander, presented a more upscale appearance with 22-inch wheels enhancing its presence. The TX's styling was conservative, appealing to those who found previous Lexus designs too bold. Available in TX 350, TX 500h F Sport Performance, and TX 550h+ plug-in hybrid models, the TX offered a range of luxury features. The TX 350, likely the volume seller, came with a turbocharged four-cylinder engine and standard AWD. The interior, while luxurious, was criticized for its dark tones, even with a panoramic sunroof. The TX's cabin was equipped with premium materials and offered a comfortable ride, though some features like a massage function were absent.
















The 2023 Volvo XC40 introduced mild-hybrid powertrains, featuring a 48-volt electrical system and a 13-horsepower integrated starter generator. The B5 models in Canada were powered by a 2.0-litre turbo-four-cylinder engine, producing 247 hp and 258 lb-ft of torque, paired with an eight-speed automatic transmission. The XC40 accelerated from zero to 60 mph in 6.1 seconds, offering a refined driving experience with smooth power delivery. The XC40 Recharge, with its two electric motors, delivered 402 hp and 486 lb-ft of torque, achieving zero to 60 mph in 4.7 seconds and a range of 359 kilometres. The Recharge also had a higher towing capacity than the gasoline model.
The 2024 Lexus TX 350 was equipped with a turbocharged 2.4-litre four-cylinder engine, generating 275 horsepower and 317 pound-feet of torque. Lexus claimed a zero to 100 km/h time of roughly eight seconds, though the SUV felt quicker due to its torque delivery. The TX 350's fuel economy was rated at 10.3 litres per 100 kilometres, with our test unit averaging 13.8 L/100 km. The TX 350 offered a balanced ride with firm suspension and accurate steering, though the brake pedal felt soft. The interior remained quiet on the highway, contributing to a comfortable driving experience.
The 2023 Volvo XC40, while compact, offered reasonable space among its competitors. It provided ample rear-seat headroom and average legroom, with generous shoulder room enhancing the sense of spaciousness. Cargo space measured 566 litres with the rear seats up and 1,328 litres with them folded. The XC40 featured practical interior storage solutions, including scalloped door panels and a large centre console storage bin.
The 2024 Lexus TX addressed previous shortcomings in Lexus's three-row SUVs, offering a habitable third-row seat suitable for adults. The TX 350 test unit featured premium materials and standard heated and ventilated seats. The second-row seat, while comfortable, lacked a massage function. The third-row seat provided adequate leg support and visibility, with cargo space measuring 572 litres behind it. Folding the third-row seats expanded cargo capacity to 1,625 litres, and with the second-row seats down, the TX offered 2,746 litres of space. The TX included numerous storage options, though some lacked lining, potentially causing noise.
The 2023 Volvo XC40 featured an Android-based infotainment system with Google apps, a 12.3-inch digital instrument cluster, and a 9-inch touchscreen. The B5 Ultimate test vehicle included a 13-speaker Harman Kardon audio system and USB-C ports for each row. The infotainment system, while visually appealing, relied heavily on touchscreen controls, which could be cumbersome for some users.
The 2024 Lexus TX came with a 12.3-inch digital instrumentation panel and a 14-inch touchscreen display. The Lexus Interface infotainment system, enhanced by a Drive Connect subscription, offered cloud-based navigation and a digital assistant. Wireless Apple CarPlay and Android Auto were included, along with a 21-speaker Mark Levinson audio system. However, the head-up display's unmarked steering wheel controls and visibility issues with polarized sunglasses were drawbacks.
The 2023 Volvo XC40 was equipped with a comprehensive suite of standard safety features, including lane-keep assist, automatic emergency braking, and blind-spot monitoring. The XC40 Plus added parking sensors and a 360-degree camera, while the Ultimate included adaptive cruise control and Pilot Assist. The XC40 received top safety ratings from the IIHS and NHTSA, though it had an "Acceptable" rating in the updated side-impact test.
The 2024 Lexus TX featured the Lexus Safety System+ 3.0, which included adaptive cruise control, forward-collision warning, and lane-keeping assist. Additional options included parking sensors and traffic jam assist. The LSS+ 3.0 system was generally smooth and effective, though it slowed too dramatically when other vehicles cut in. The traffic jam assist provided hands-free driving at low speeds on approved highways.
CarGurus highlights

According to CarGurus experts, the overall rating for the 2023 Volvo XC40 is 7.5 out of 10, while the 2024 Lexus TX scores 7.2 out of 10. Based on these ratings, the 2023 Volvo XC40 is the recommended choice, offering a refined driving experience, practical design, and strong safety credentials.
Choose the 2023 Volvo XC40 if:
- You prioritize a refined driving experience with smooth power delivery and high levels of safety.
- You appreciate a minimalist interior design with practical storage solutions.
- You seek a compact SUV with a strong emphasis on electrification and environmental consciousness.
Choose the 2024 Lexus TX if:
- You need a spacious three-row SUV with a comfortable and luxurious interior.
- You value advanced technology features, including a large touchscreen and premium audio system.
- You require a vehicle with a comprehensive suite of safety features and hands-free driving capabilities.
CarGurus highlights

According to CarGurus experts, the overall rating for the 2023 Volvo XC40 is 7.5 out of 10, while the 2024 Lexus TX scores 7.2 out of 10. Based on these ratings, the 2023 Volvo XC40 is the recommended choice, offering a refined driving experience, practical design, and strong safety credentials.
Choose the 2023 Volvo XC40 if:
Shop Now- You prioritize a refined driving experience with smooth power delivery and high levels of safety.
- You appreciate a minimalist interior design with practical storage solutions.
- You seek a compact SUV with a strong emphasis on electrification and environmental consciousness.
Choose the 2024 Lexus TX if:
Shop Now- You need a spacious three-row SUV with a comfortable and luxurious interior.
- You value advanced technology features, including a large touchscreen and premium audio system.
- You require a vehicle with a comprehensive suite of safety features and hands-free driving capabilities.

By: CarGurus + AI
At CarGurus, our team of experienced automotive writers remain at the heart of our content operation, conducting hands-on car tests and writing insightful guides that are backed by years of industry experience. To complement this, we are harnessing AI to make our content offering more diverse and more helpful to shoppers than ever. To achieve this, our AI systems are based exclusively on CarGurus content, ratings and data, so that what we produce is both unique to CarGurus, and uniquely helpful to car shoppers.





































