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Independent review & score by Carivo
| Seating Capacity | 5 passengers |
|---|---|
| Body Style | SUV |
| Base Price | $37,975–$45,043 |
Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.
With an overall Carivo score of 7.7/10, the 2023 Volvo XC40 earns a Recommended rating among the suvs we've scored. Its strongest dimension is Safety at 9.0/10, while Performance at 7.0/10 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. Reliability comes in at 7.4/10 in our assessment — above the middle of the pack for this class, though not flawless. Safety is a strength too — 9.0/10 by our scoring. As with any car, verify the official ratings for your specific trim at nhtsa.gov/ratings.
Performance lands mid-pack at 7.0/10: enough power and composure for everyday needs, without the dynamics that distinguish the segment's driver-focused options. Technology comes in at 7.8/10 — functional and modern, with wireless connectivity and core ADAS features, though some competitors pack more standard tech at this price point.
Priced from $37,975–$45,043, 28 MPG, seating 5, the Volvo XC40 sits in the mid-market bracket of the suv segment. Value lands at 7.5/10 — you get what you pay for, no more and no less, with a few rivals offering slightly better per-dollar returns. 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.
Bottom line: Think of the 2023 Volvo XC40 as the dependable pick rather than the exciting one. Shoppers who value predictability over headlines will be well served.
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 →
The 2023 Volvo XC40 ranks #564 of 2454 suvs in the Carivo database — better than 77% of the segment. Its 7.7/10 overall score is 0.3 points above the segment average of 7.4/10. Its $37,975 starting price sits close to the segment's median of $36,079.
Rankings are recalculated as new vehicles and scores are added. See the full SUV ranking →
Smart-money pick: the 2020 Volvo XC40 scores 7.7/10 — within striking distance of the 2023's 7.7 — and starts roughly $3,500 lower. If you don't need the newest model year, that's money better spent on a higher trim or kept in your pocket.
| Year | Score | Starting price (MSRP when new) | |
|---|---|---|---|
| 2026 | 7.8/10 | $40,324 | Read review → |
| 2025 | 7.8/10 | $40,324 | Read review → |
| 2024 | 7.9/10 | $39,150 | Read review → |
| 2023 (this review) | 7.7/10 | $37,975 | |
| 2022 | 7.8/10 | $36,801 | Read review → |
| 2021 | 7.6/10 | $35,626 | Read review → |
| 2020 | 7.7/10 | $34,452 | Read review → |
| 2019 | 7.5/10 | $33,277 | Read review → |
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 by VIN at nhtsa.gov/recalls.
| 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… |
| 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… |
| Back over prevention / Software 23/12/2025 · 25V908000 | Volvo Car USA, LLC (Volvo Car) is recalling certain 2021-2025 XC40, 2022 V90, 2022-2024 C40BEV, 2022-2025 S90, V90CC, XC60, 2023-2025 S60, V60, V60CC, XC90, and 2025 EC40, and EX40 vehicles. The rearview camera image may not display when the vehicle is… |
Source: NHTSA recall database, fetched at page build time.
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