2023 Volvo XC60

Ranked #9 in Suv

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Starting MSRP 

$46,245

Est.
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Key Spec of 2023 Volvo XC60
fuel economy

23/26/30

fuel type

Gasoline Direct Injection

horsepower

445 hp @ 2800 rpm

basic warranty

-

ProsConsWhat's New

Plush and spacious cabin

Lacks the fun-to-drive characteristics

Trim levels renamed

An impressive list of standard safety features

Price increases rapidly

Efficient powertrain options

Cushiony ride quality

Spacious cargo area

2023 Volvo XC60 Price, Review, Ratings and Pictures

Updated on: September 13, 2022

Nathan Dyer's image
Nathan Dyer 

Senior Editor

You can take chances with your life decisions and there might have been some wrong ones too, but Volvo doesn’t, not at least with the safety of its vehicles. Even though the brand might not have a wide portfolio of vehicles, the existing ones are more safety and luxury-focused than the mainstream German brands. Volvo launched the XC60 back in 2008 as a part of its 60 Series automobiles, and it became a runaway success as well. Since its launch, the compact luxury SUV has been exceptionally good at safety and didn’t compromise on practicality. From the SUV’s second-generation model onwards, it only received an I-4 motor that was utilized in various ways in different states of tune according to the trim levels. Moreover, the hybrid models of the SUV get an interesting setup where the motor drives the front wheels and the electric motors drive the rear wheels, making it a twin-engine setup.

2023 Volvo XC60 Latest Updates

  • May' 11, 2022 : Volvo's 2023 Model Year Update To Drop Gas-Only Models, & Offer Google-OS Standard And New Design Read More »
  • Apr' 29, 2022 : The Top 10 Fastest Volvo Cars Ever Made To Date Read More »
  • Apr' 20, 2022 : For 2022 Model Year Volvo Cars Bags Most ‘Top Safety Pick+' Awards From IIHS Read More »

Over All Rating

0.0

Out of 10

Notable Rankings

#9 in Suv


Pictures & Videos


Trims

Momentum$46,245 Est. onwards


New 2023 Volvo XC60 For Sale

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2023 Volvo XC60
19

2023 Volvo XC60 SUV

Dealer Price
$46,990
Est. $637/mo
Excellent deal
$8,202.5 Below market
RMV: $55,192.5
Nashville, TN
MSRP $46,990
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2023 Volvo XC60
6

2023 Volvo XC60 SUV

Dealer Price
$47,240
Est. $641/mo
Excellent deal
$7,952.5 Below market
RMV: $55,192.5
Frisco, TX
MSRP $47,240
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2023 Volvo XC60
10

2023 Volvo XC60 SUV

Dealer Price
$47,240
Est. $641/mo
Excellent deal
$7,952.5 Below market
RMV: $55,192.5
Carlsbad, CA
MSRP $47,240
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2022 Volvo XC60
3
Price Drop, $1057
Previous Price: $4859526 Jul 2022

2022 Volvo XC60 R-Design

R-Design 4dr SUV (2.0L 4cyl 8A)

Dealer Price
$47,538
Est. $645/mo
Excellent deal
$7,940.5 Below market
RMV: $55,478.5
Pompano Beach, FL
MSRP $52,820
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2022 Volvo XC60
21

2022 Volvo XC60 Momentum

B5 Momentum 4dr SUV (2.0L 4cyl Turbo 8A)

Dealer Price
$41,902
Est. $568/mo
Excellent deal
$6,667 Below market
RMV: $48,569
Miami, FL
MSRP $45,640
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2022 Volvo XC60
2

2022 Volvo XC60 Momentum

B5 Momentum 4dr SUV (2.0L 4cyl Turbo 8A)

Dealer Price
$41,902
Est. $568/mo
Excellent deal
$6,667 Below market
RMV: $48,569
Miami, FL
MSRP $45,640
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2022 Volvo XC60
1
Price Drop, $1000
Previous Price: $4290211 Jul 2022

2022 Volvo XC60 Momentum

B5 Momentum 4dr SUV (2.0L 4cyl Turbo 8A)

Dealer Price
$41,902
Est. $568/mo
Excellent deal
$6,667 Below market
RMV: $48,569
Miami, FL
MSRP $45,640
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2022 Volvo XC60
8

2022 Volvo XC60 Momentum

B5 Momentum 4dr SUV (2.0L 4cyl Turbo 8A)

Dealer Price
$41,902
Est. $568/mo
Excellent deal
$6,667 Below market
RMV: $48,569
Miami, FL
MSRP $45,640
Check Availability
2022 Volvo XC60
8
Price Drop, $1000
Previous Price: $4290211 Jul 2022

2022 Volvo XC60 Momentum

B5 Momentum 4dr SUV (2.0L 4cyl Turbo 8A)

Dealer Price
$41,902
Est. $568/mo
Excellent deal
$6,667 Below market
RMV: $48,569
Miami, FL
MSRP $45,640
Check Availability

Colors and Styles

2023 Volvo XC60 in Onyx Black Metallic color
Onyx Black Metallic

Expert Review, Pricing Analysis and Buying Guide

The 2023 Volvo XC60 will come with no major changes in the regular models while the hybrid models will receive a boost in power figures and EV driving range. However, the trim levels of the SUV have been completely renamed with its list of features reshuffled for each trim. The base price for the XC60 is expected to start at $43,450 while it can go all the way up to $74,150. In its class, the SUV will rival the Mercedes-Benz GLC Class, the Porsche Macan, and the BMW X3.


Features

The 2023 Volvo XC60 will see its trim levels renamed completely and the renamed versions will be Base, Plus, and Ultimate. The Polestar Engineered trim is only available with the hybrid T8 powertrains and will be covered in a separate review. Coming to the regular models, the Base trim will attract a starting price of $44,545 and will offer some handsome and luxurious features such as two-zone automatic climate control, faux leather upholstery, a panoramic sunroof, and heated front seats on the AWD-equipped models. The Plus model will get bigger 19-inch wheels along with interior ambient lighting, wooden interior trim, leather upholstery, power-foldable rear headrests, and a universal garage door opener. The Ultimate trim gets you close to a superbly luxurious experience with four-zone automatic climate control, a crystal-like knob for the gear selector stick, heating and ventilation for the front seats, extendable thigh support for the front seats, and a premium audio setup from Harman Kardon.

Trims

Base

Plus

Ultimate

MSRP

$44,545

$48,795

$54,595

Features

LED headlamps and tail lights

Bigger 19-inch wheels

Upgraded 20-inch wheels

 

Two-zone automatic climate control

Ambient interior lighting

Quad-zone automatic climate control

 

Power-operated and power-adjustable ORVMs

Wooden trim and premium leather upholstery

Crystal gear selector knob

 

Faux leather upholstery

Power-foldable rear headrests

Expandable front-seat thigh support

 

Panoramic sunroof

IntelliSafe Assist 

Heated and ventilated front seats

 

Google-powered infotainment system

Surround-view camera system 

Upgraded audio setup from Harman Kardon

 

Heated front seats in AWD models

Universal garage door opener

Dashboard top covered in leather

We Recommend

The Base trim offers the most value however, the higher trims do offer more features. If you do not require exquisite leather upholstery or fancy features such as the crystal gear knob and extendable thigh support, the Plus model would make a great option too.

Release Date

The 2023 Volvo XC60 has been released and is available for purchase through the brand’s official website and authorized dealerships.

Engine and Performance

Previously, Volvo offered multiple engine options with its vehicles and was known for using I-5 motors quite a lot. However, the brand responded to the rising pollution levels and skyrocketing gas prices by downsizing the powertrains while tuning them well enough to push out decent output numbers. The 2023 Volvo XC60 gets a single 2.0-liter turbocharged I-4 motor for all its models but in different states of tune for each one of them. The base configuration, B5, is where the motor puts out the least amount of power and torque and is coupled with a 48-volt mild-hybrid system to assist the engine. With this setup, the motor puts out a decent 247 horsepower along with 258 lb-ft of torque. On the Ultimate trim, the powertrain gets a B6 moniker where the output figures are boosted to 295 horsepower and 310 lb-ft of torque with the help of a supercharger alongside the normal turbocharger. However, with the basic setup, the XC60 performed just fine and there is a decent amount of power on tap when you need it. As standard, the SUV comes in an FWD layout while AWD is offered as an option. The 0-60mph sprint time takes 6.1 seconds with the B5 configuration and the quarter-mile run requires 14.7 seconds to complete.

Model

2023 Volvo XC60 

2022 Mercedes-Benz GLC Class

2022 Porsche Macan 

2022 BMW X3

MSRP

$44,545

$42,500

$54,100

$43,700

Engine

2.0L turbocharged I-4

2.0L turbocharged I-4

2.0L turbocharged I-4

2.0L turbocharged I-4

Transmission

8-speed shiftable automatic 

9-speed shiftable automatic 

7-speed PDK automatic

8-speed ZF automatic 

Power

247 hp @ 5,500 RPM

255 hp @ 5,800 RPM

248 hp @ 5,000 RPM

248 hp @ 5,200 RPM

Torque

258 lb-ft @ 1,500 RPM

273 lb-ft @ 1,800 RPM

273 lb-ft @ 1,600 RPM

258 lb-ft @ 1,450 RPM

0-60 mph

6.1 seconds

5.8 seconds

6.3 seconds

6.2 seconds

Quarter-Mile

14.7 seconds

14.6 seconds

15.1 seconds

15.1 seconds

Top Speed

132 MPH

145 MPH

141 MPH

135 MPH

The Mercedes-Benz GLC Class gets a compact 2.0-liter turbocharged four-pot motor but it makes more power and torque in its base form when compared to the XC60’s base setup. The GLC Class is also slightly quicker off the line too than the XC60 as well. The Porsche Macan gets a 2.0-liter turbocharged motor too in its base form and its output figures are within close vicinity of what the XC60 makes. The BMW X3 also gets a similar 2.0-liter turbo four-pot setup to the rivals here and its output figures are almost identical to the Macan’s output figures including its acceleration times as well.

2023 Volvo XC60 Ride and Handling

Vehicles from Volvo were always safety-focused while they became luxury-focused later. While handling has not been any Volvo vehicle’s forte, the XC60 here doesn’t disappoint completely either. Yes, if we compare it with the Macan you’ll definitely miss the thrill but the XC60 holds its own while driving. The steering feels direct and is light at low speeds while it weighs up nicely as speed increases. Around the corners, the SUV doesn’t lean much, and body roll is well contained too. The ride can be unsettling over rough patches of roads due to a slightly stiffer suspension setup than the rivals but well-paved roads would give you a plush and sophisticated ride.

2023 Volvo XC60 Braking Performance

The braking performance of the Volvo XC60 was spectacular and it has only improved after the SUV received an upgrade back in 2017. Apart from the impressive range of safety techs onboard, the XC60 gets decent-sized 13.6-inch rotors at the front while the rear rotors measure 12.6 inches. The base curb weight of the SUV is on the lower side when compared to the rivals and it helps the SUV in its braking department as well.

Model

2023 Volvo XC60 

2022 Mercedes-Benz GLC Class

2022 Porsche Macan 

2022 BMW X3

Brake Rotors (front) (in)

13.6

14.2

13.6

13.7

Brake Rotors (rear) (in)

12.6

12.6

12.99

13.5

Curb Weight (lbs)

4,148

4,233

4,151

4,392

60-0 (-ft)

N/A

129

110

109

The Mercedes-Benz GLC Class gets massive 14.2-inch rotors at the front while the rear rotors are similar to the XC60 at 12.6-inch in size. Despite getting big rotors up front, the SUV covers 129 feet before coming to halt from 60mph, which is average for the segment. The Porsche Macan gets a set of decent-sized brake rotors too like the rivals here but has excellent braking prowess. The SUV takes only 110 feet to come to a complete stop from 60mph, a true younger sibling of the Cayenne. The BMW X3 has 13.7-inch front rotors which are at par with the rivals but its rear brakes are on the bigger side at 13.5 inches. With this setup, the SUV comes to a stop within 109 feet only, beating the Macan.

Fuel Economy

With the recent trend of compact luxury SUVs being equipped with compact turbocharged engines, fuel economy numbers have improved to a significant extent. From the standard setup, the SUV returns an average city mileage of 22mpg while the city mileage is rated at 29mpg. The combined output is 25mpg, a decent number for the segment. The SUV gets 18.8-gallon fuel storage that allows it to return excellent driving range numbers. Within cities, the average driving range is 414 miles while during highway rides, you can go over 545 miles before needing to refuel.

Model

2023 Volvo XC60 

2022 Mercedes-Benz GLC Class

2022 Porsche Macan 

2022 BMW X3

MPG (City)

22

22

19

24

MPG (Highway)

29

29

23

29

MPG (Combined)

25

24

21

26

Fuel Tank Capacity (Gallons)

18.8

17.4

19.8

17.2

Range (City/Highway/Combined; miles)

414 / 545 / 470

383 / 505 / 418

376 / 455 / 416

413 / 499 / 447

The Mercedes-Benz GLC Class has majorly identical EPA ratings to the Volvo XC60. However, due to its smaller 17.4-gallon gas tank, the driving range numbers are much lower than what the XC60 offers. The Porsche Macan has the lowest EPA ratings here with 19mpg of city mileage along with 23mpg of highway mileage. However, it is saved due to its sizable 19.8-gallon gas tank which allows it to offer some decent driving range figures according to the class. The BMW X3 is the most fuel-efficient SUV here according to the EPA ratings. However, its driving range figures are slightly better than the XC60’s numbers due to its smaller gasoline tank size of 17.2 gallons.

Interior

The interior of Volvo cars and SUVs are far from flashy but always carry a simplistic yet elegant design, and are very Scandinavian too. The 2023 Volvo XC60’s interior will see no changes over the current model and we’ll get to see the same, XC90-inspired cabin once more. The number of physical buttons was kept at a minimum while all the major controls such as the air-conditioning controls and the seat controls have been integrated within the massive centrally mounted screen. The base trim gets plenty of soft-touch materials and metallic trims on the exposed bits while the Plus trim brings pure leather upholstery and wooden trims. Apart from that, the rear seats get power-folding headrests, the front seats get extendable under-thigh support, and the whole cabin gets ambient interior lighting. The dashboard gets a leather treatment on the upper part in the top-end Ultimate model. Both headroom and legroom are ample for both the front and rear passengers and the cargo capacity is commendable too at 29.7 cu-ft.

Model

2023 Volvo XC60 

2022 Mercedes-Benz GLC Class

2022 Porsche Macan 

2022 BMW X3

Seating Capacity 

5

5

5

5

Front (Headroom/ Shoulder Room/ Legroom; inches)

38.0 / 58.2 / 41.5

37.8 / 57.3 / 40.8

N/A

41.4 / 57.6 / 40.3

Rear (Headroom/ Shoulder Room/ Legroom; inches)

38.0 / 56.3 / 38.0

38.5 / 56.5 / 37.3

N/A

39.1 / 56.0 / 36.4

Cargo Volume (cu-ft.)

29.7

19.4

17.6

28.7

Mercedes-Benz has always stayed true to its reputation for making luxurious cabins, and the GLC Class is a fine example. On paper, the interior dimensions might seem lesser than the XC60 but the cabin feels just as spacious as the latter. Moreover, it has a better design as compared to the XC60’s cabin but loses out in terms of standard cargo capacity. The Porsche Macan might be the smallest and cheapest SUV from the brand, but the cabin tells a different story. You’ll find the same elegance inside as other Porsches put there and the brand has done a decent job of making the buttons on the center stack touch-sensitive ones with backlights under them. Disappointingly, the Macan offers the least amount of cargo space here at 17.6 cu-ft only. The BMW X3’s cabin takes plenty of inspiration from the X5’s interior design, and the dashboard is driver-oriented too, unlike other rivals here. Moreover, the standard cargo capacity is commendable at 28.7 cu-ft.

Some of the key interior features available with the 2023 Volvo XC60 include:

  • Dual-zone automatic climate control
  • Cloth/simulated leather upholstery
  • Heated front seats (AWD variants only)
  • Wood interior trim
  • Power-folding rear headrests
  • Interior ambient lighting
  • Quad-zone automatic climate control
  • Crystal gear selector knob
  • Digital instrument panel

How intuitive is the 2023 Volvo XC60’s infotainment system?

The 2023 Volvo XC60’s infotainment system is one the best out there in the class. It gets a sizable 9-inch touchscreen display that runs a Google-based infotainment interface. In the base model, Apple CarPlay, Android Auto, navigation, and a wireless device chagrin pad among other features are given as standard. The upper Plus trim doesn't get any further additions but the top-end Ultimate gets an upgraded Harman Kardon premium audio system. Even though the list of features might seem less, Volvo has covered the basics quite well and then some more.

Some of the most notable infotainment features available with the 2023 Volvo XC60 include:

  • 9.0-inch touchscreen infotainment display with Google-based infotainment system
  • Wireless charging pad
  • Navigation system
  • Apple CarPlay and Android Auto
  • Satellite radio
  • Harman Kardon audio
  • Bowers & Wilkins premium audio(Polestar Engineered model only)
Exterior

The Volvo XC60 hasn’t received any significant updates in terms of design recently but it looks absolutely gorgeous, even amidst the more aggressive-looking rivals it faces. From the front, the SUV looks like a smaller XC90, especially with the Thor’s Hammer design of the LED headlamp units. The front bumper carries a sharp design that gels well with the grille and the headlamps, giving the SUV an elegant yet aggressive appeal. From the side, the SUV remains simple with a couple of sculpted lines running across the doors only. The rear end design has a unique design with those LED tail lights extended all the way to the roof alongside the rear windshield.

Model

2023 Volvo XC60 

2022 Mercedes-Benz GLC Class

2022 Porsche Macan 

2022 BMW X3

Curb weight (lbs)

4,148

4,233

4,151

4,392

Length (in.)

184.6

183.3

184.9

185.5

Width (in.)

74.9

74.8

76.2

74.4

Height (in.)

65.3

64.7

63.9

66.0

Ground Clearance (in.)

8.5

5.0

6.0

8.0

Wheelbase (in.)

112.8

113.1

110.5

112.1

The Mercedes-Benz GLC Class gets a typical Mercedes design theme at the front which has an aggressive appeal but an upgrade would’ve been nice. When compared to the XC60, it feels like a bigger vehicle but on paper, its dimensions are close to the latter’s exterior dimension figures. The Porsche Macan looks a lot like the Cayenne from the outside and is the most compact one here. The BMW X3 also looks quite a lot like the bigger X5 but its compact dimensions make it more urban-friendly than its bigger sibling. To retain the practicality part, the X3 also rides quite tall with 8.0 inches of ground clearance as standard.

Some standout exterior features include:

  • 18-inch/20-inch alloy wheels 
  • LED exterior lighting
  • Roof rails
  • Panoramic sunroof
  • Keyless entry
  • Automatic rain-sensing wipers
  • Power-operated ORVMs
  • Universal garage door opener
Safety

Finally, the best part about the Volvo XC60 is this one, its safety department. Since the 2023 XC60 has just launched, its safety ratings are not available yet. However, since the SUV didn’t get any update on its safety aspect, we expect it to perform similarly to the 2022 model. For reference, the 2022 XC60 scored a perfect 5-star rating in the NHTSA crash tests and bagged the prestigious Top Safety Pick + award from the IIHS as well. Apart from the safety ratings, the SUV comes with several ADAS features as standard such as Forward collision mitigation, Automatic reverse braking, Driver alertness monitor, and Blind-spot warning with rear cross-traffic warning among a few others.

Some of the standout safety features include:

  • Forward collision mitigation 
  • Blind-spot warning with rear cross-traffic warning 
  • Lane keeping assist
  • Automatic reverse braking 
  • Automatic high beams
  • Driver alertness monitor
  • Traffic sign reader
Competition

2023 Volvo XC60 vs 2022 Mercedes-Benz GLC CLass

The Mercedes-Benz GLC Class has always been luxury-focused and it does compromise on a few fronts too. Apart from being a bit more pricey than the XC60, the GLC Class has a smaller cargo capacity and fewer ADAS features as standard when compared to the former. In terms of fuel economy figures too, the GLC Class loses out to the XC60. However, it does beat the XC60 in terms of interior design, the number of luxurious features, and performance.

2023 Volvo XC60 vs 2022 Porsche Macan

The Porsche Macan is the best handling and the best driver’s SUV in the segment but carries a steep price tag too when compared to the XC60. In terms of output figures, it might not be the most appealing one but it is quicker off the line than the XC60. On the inside, the cabin feels more luxurious and plush than the XC60’s cabin but it does compromise on the cargo capacity a bit too much. In terms of exterior design, the Macan looks sportier than the XC60 and is smaller than the latter too, making it more nimble and maneuverable as well.

2023 Volvo XC60 vs 2022 BMW X3

The BMW X3 is perhaps the most balanced and practical SUV in the class. Not only is it almost similar to the XC60 in terms of performance numbers and acceleration time, but it is also more spacious on the inside than the XC60 as well. Despite being evenly matched with the XC60 in the performance department, it is more fuel efficient inside the city limits according to the EPA ratings but the XC60 has a slight edge here due to its slightly bigger gas tank. However, the X3 is simp;y better in terms of exterior and interior design and comes out as a better option if those are the things you’re looking for.

Final Verdict

If you’re someone who is concerned about both safety and practicality over performance, the Volvo XC60 should be the most preferred option in the class. It is priced competitively if you stick with the lower variants but the number of features you get as standard is excellent. The most impressive part about the XC60 is its safety ratings and a wide range of standard ADAS techs it comes with right out of the assembly line. As a whole, the Volvo XC60 would make an excellent option at a decent price tag but you can look at the BMW X3 if you want a more luxurious cabin and better design inside out.

Features

vehicle bio
base price

$46245

body style

dr SUV

engine type
horse power

445 hp @ 2800 rpm

torque

310 ft.-lbs. @ 2100 rpm

transmission

8-Speed Automatic

capacity
passenger capacity

5 Seats

fuel economy
city/combined/highway

23/26/30 mpg

highway range

564.00 mi


Volvo XC60 5 year Cost To Own


Cash Price(MSRP)
$47,039
5 Year Cost To Own
$64,733
Total 5 year Cost To Own -  $64,733
Year 1Year 2Year 3Year 4Year 5total
Depreciation$6,978$5,418$4,399$4,929$4,320$26,044
Insurance$1,264$1,279$1,378$1,376$1,415$6,712
Fuel$2,093$2,194$2,209$2,302$2,307$11,105
Maintenance$152$460$741$1,610$2,418$5,381
Repairs$-2$50$-40$775$1,215$1,998
Financing Interest$2,906$2,344$1,773$1,148$396$8,567
Taxes and Fees$3,949$322$247$193$215$4,926
Total Cost-To-Own$17,340$12,067$10,707$12,333$12,286$64,733
Read more about Cost-To-Own »

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