2023 Volvo S60 — Carivo review Representative photo — may show another model year
Sedan

2023 Volvo S60

Independent review & score by Carivo

Price Range $41,079–$49,929
Fuel Economy 27 MPG
Seating 5 passengers
Category Sedan
Est. Annual Fuel $1,944/yr
The 2023 Volvo S60 scores 7.8/10 at Carivo, ranking #347 of 1310 sedans, with 6 NHTSA recalls on record and an estimated $1,944/year fuel cost.

Key Specifications — 2023 Volvo S60

Seating Capacity5 passengers
Body StyleSedan
Base Price$41,079–$49,929

Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.

About the 2023 Volvo S60

The 2023 Volvo S60 is a sedan that earns a Carivo score of 7.8/10 — rated Recommended. Its strongest dimension is Value at 8.9/10, while Technology at 7.2/10 is where it trails the competition most noticeably. It's a solid all-rounder that delivers across most dimensions without obvious deal-breakers.

Reliability and safety are the two dimensions that matter most for long-term ownership costs. The reliability picture is solid rather than spectacular: 7.9/10, which puts it comfortably above the class median. Safety lands at 8.0/10 — solid, though some rivals offer more advanced driver-assist features as standard. Confirm official results for your trim at nhtsa.gov/ratings.

With 7.7/10 for performance, this is a car tuned for daily driving rather than excitement — perfectly capable on the commute, unremarkable on a back road. At 7.2/10 for technology, the infotainment and driver-assist package does its job without setting benchmarks — check which features cost extra on lower trims.

Priced from $41,079–$49,929, 27 MPG, seating 5, the Volvo S60 sits in the mid-market bracket of the sedan segment. Its value score of 8.9/10 confirms that the price reflects the quality — you're getting a lot for your money here. At 3 years old, it's worth checking whether a newer generation or refresh has addressed any weaker dimensions — compare it to the current model year before buying.

Verdict: Nothing about the 2023 Volvo S60 will scare a sensible buyer off. It scores consistently across the board, and it does what a good sedan should — quietly and competently.

Carivo scores are our own editorial assessment, informed by NHTSA safety and recall records, EPA fuel-economy figures, and manufacturer-published specifications. Scores are reviewed periodically and updated when new data becomes available. See our full methodology →

How It Ranks Among Sedans

The 2023 Volvo S60 ranks #347 of 1310 sedans in the Carivo database — better than 74% of the segment. Its 7.8/10 overall score is 0.3 points above the segment average of 7.5/10. Its $41,079 starting price is about 48% above the segment's median of $27,664.

Rankings are recalculated as new vehicles and scores are added. See the full Sedan ranking → · Best Sedans under $50k →

5-Year Cost Snapshot — 2023 Volvo S60

Fuel (75,000 miles)~$9,720 ($1,944/year at $3.50/gal)
Recall repairs$0 — 6 campaigns on record; recall work is always free at franchised dealers
InsuranceVaries widely by driver and state — always quote the exact trim before buying

We only print costs we can compute from sourced data (EPA fuel economy, NHTSA recalls). We don't estimate maintenance or depreciation — anyone who gives you one number for those is guessing.

Which S60 Year Should You Buy?

Smart-money pick: the 2020 Volvo S60 scores 7.6/10 — within striking distance of the 2023's 7.8 — and starts roughly $4,000 lower. If you don't need the newest model year, that's money better spent on a higher trim or kept in your pocket.

YearScoreStarting price (MSRP when new)
2025 7.9/10$43,620 Read review →
2024 7.9/10$42,350 Read review →
2023 (this review) 7.8/10$41,079
2022 7.8/10$39,809 Read review →
2021 7.7/10$38,538 Read review →
2020 7.6/10$37,268 Read review →
2019 7.5/10$35,997 Read review →
2018 7.5/10$34,727 Read review →
2017 7.5/10$33,456 Read review →
2016 7.5/10$32,186 Read review →
2015 7.4/10$30,915 Read review →

Pros & Cons — 2023 Volvo S60

✓ What it does well

  • Above-average reliability record with solid owner satisfaction data
  • Strong safety ratings from NHTSA and independent testers
  • Exceptional value for money — high-quality features at a competitive price point
  • Competent performance that satisfies most everyday driving demands

✗ Where it falls short

  • Tech suite is functional but lags behind segment-best options; some features cost extra
  • Brand resale values vary — check current market data before committing

NHTSA Recalls — 2023 Volvo S60 (6 on record)

The following recall campaigns have been filed with NHTSA for this model and year. Recall repairs are performed free of charge by franchised dealers; check your specific vehicle with our free VIN recall checker.

Engine and engine cooling / Engine / Engine control module (ecu/ecm)
20/10/2022 · 22V793000
Volvo Car USA, LLC (Volvo Car) is recalling certain 2022-2023 S60, V60, S90L, XC60, and XC90 vehicles. An electronic control module (ECM) software error may prevent the combustion engine from starting, causing a loss of drive power.
Service brakes, hydraulic
19/01/2023 · 23V012000
Volvo Car USA, LLC (Volvo Car) is recalling certain 2023 S60, V60, V60CC, V90CC, XC60, XC90, XC40, and C40 vehicles. A diagnostic error in the Brake Control Module 2 (BCM2) may cause a loss of Antilock Brake System (ABS), Electronic Stability Control…
Electrical system
22/03/2023 · 23V188000
Volvo Car USA, LLC (Volvo Car) is recalling certain 2023 S60, V60CC, XC60, XC90, XC40, and C40 vehicles. A diagnostic trouble code (DTC) may be falsely detected for the emergency call system (e-call) and display "e-Call Service Required" in the driver…
Air bags / Frontal
21/11/2023 · 23V780000
Volvo Car USA, LLC. (Volvo Car) is recalling certain 2019-2024 S60 vehicles. The passenger air bag may not be secured properly, which can cause the air bag to deploy improperly.
Back over prevention / Software
08/05/2025 · 25V282000
Volvo Car USA, LLC (Volvo Car) is recalling certain 2021-2025 XC40, 2022 V90, 2022-2025 S90, V90CC, C40, XC60, 2023-2025 S60, V60, V60CC, XC90, and 2025 EC40 and EX40 vehicles. The rearview camera image may not display when the vehicle is placed in…

Showing 5 of 6 campaigns — see the full list on NHTSA's site.

Own a 2023 Volvo S60 that's been repaired repeatedly for the same problem? It may qualify under your state's lemon law — run the free lemon law check →

Common Questions — 2023 Volvo S60

Is the 2023 Volvo S60 reliable?

We rate the 2023 Volvo S60's reliability 7.9/10 — above the middle of the pack for this class. It has 6 NHTSA recall campaigns on record for this model year (details in the recalls section above — repairs are free at dealers).

How many recalls does the 2023 Volvo S60 have?

6 NHTSA recall campaigns matched this model and year as of our latest check. Verify your specific vehicle by VIN at nhtsa.gov/recalls.

Is the 2023 Volvo S60 worth buying?

It scores 7.8/10 overall, ranking #347 of 1310 sedans in our database (better than 74% of the segment). A solid choice for most buyers — compare it against the segment leaders before deciding.

How much does the 2023 Volvo S60 cost?

The 2023 Volvo S60 starts at $41,079 and ranges up to $49,929 across trims (MSRP when new). At 27 MPG, expect roughly $1,944/year in fuel at 15,000 miles/year.

Which S60 years should you avoid?

Based on our year-by-year scoring, the weakest S60 years we've rated are 2015 (7.4/10) — each at least half a point below the nameplate's best (7.9/10). See the full year table above before deciding.

What problems does the 2023 Volvo S60 have?

The documented issues for the 2023 Volvo S60 are its NHTSA recall campaigns, which involve: Engine and engine cooling, Service brakes, hydraulic, Electrical system, Air bags (details in the recalls section above; repairs are free at dealers). For wear-and-tear patterns beyond recalls, owner forums are the best source — we only report what federal data documents.

Owner Essentials — Volvo S60

Practical extras owners actually buy. These are Amazon search links — as an Amazon Associate, Carivo earns from qualifying purchases at no cost to you.

All-weather floor mats → Dash cam → OBD2 scanner → Phone mount →

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