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Independent review & score by Carivo
| Seating Capacity | 5 passengers |
|---|---|
| Body Style | SUV |
| Base Price | $39,150–$51,187 |
Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.
Our scoring places the 2024 Volvo XC40 at 7.9/10 overall, which translates to a Recommended rating for this suv. Its strongest dimension is Safety at 9.3/10, while Performance at 7.1/10 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. We score reliability at 7.4/10 — better than most direct rivals, if short of the segment's best. The 9.3/10 safety score puts it near the top of the class on this dimension; the official trim-level results at nhtsa.gov are worth a final check.
Performance scores 7.1/10 — competent for everyday use. Acceleration and handling are adequate for commuting and highway driving, though enthusiasts will want to look at higher-rated alternatives. The cabin tech earns 8.1/10 — infotainment, smartphone integration, and driver-assistance are all close to the best this class offers.
Priced from $39,150–$51,187, 29 MPG, seating 5, the Volvo XC40 sits in the mid-market bracket of the suv segment. The 7.7/10 value score says the pricing is fair rather than generous; cross-shop the segment before signing anything. At 2 years old, it's recent enough that the core feature set holds up well against current competition.
Our take: The 2024 Volvo XC40 is a solid, well-rounded suv that covers the essentials without obvious deal-breakers. For most buyers in this segment, it's a safe, dependable choice.
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 2024 Volvo XC40 ranks #293 of 2454 suvs in the Carivo database — better than 88% of the segment. Its 7.9/10 overall score is 0.5 points above the segment average of 7.4/10. Its $39,150 starting price is about 9% above the segment's median of $36,079.
Rankings are recalculated as new vehicles and scores are added. See the full SUV ranking → · Best SUVs under $50k →
Smart-money pick: the 2021 Volvo XC40 scores 7.6/10 — within striking distance of the 2024's 7.9 — 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 (this review) | 7.9/10 | $39,150 | |
| 2023 | 7.7/10 | $37,975 | Read review → |
| 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.
| Electrical system / Software 10/01/2024 · 24V010000 | Volvo Car USA, LLC (Volvo Car) is recalling certain 2024 XC40 vehicles. A diagnostic error in the Central Electronic Module (CEM) software may cause the left rear turn signal indicator to not function. |
|---|---|
| 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… |
| Service brakes, hydraulic / Power assist / Electric / Control module / Software 24/06/2025 · 25V392000 | Volvo Car USA, LLC (Volvo Car) is recalling certain 2023 Volvo C40 BEV, 2025 EC40, 2023-2024 XC40 BEV, 2020-2026 XC90 PHEV, 2022-2026 XC60 PHEV, 2023-2025 S60 PHEV, 2024-2025 V60 PHEV, and 2025-2026 EX40 and 2025 S90 PHEV vehicles. In certain driving… |
| 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.
We rate the 2024 Volvo XC40's reliability 7.4/10 — above the middle of the pack for this class. It has 4 NHTSA recall campaigns on record for this model year (details in the recalls section above — repairs are free at dealers).
4 NHTSA recall campaigns matched this model and year as of our latest check. Verify your specific vehicle by VIN at nhtsa.gov/recalls.
It scores 7.9/10 overall, ranking #293 of 2454 suvs in our database (better than 88% of the segment). A solid choice for most buyers — compare it against the segment leaders before deciding.
The 2024 Volvo XC40 starts at $39,150 and ranges up to $51,187 across trims (MSRP when new). At 29 MPG, expect roughly $1,810/year in fuel at 15,000 miles/year.
Other suvs at a similar price point, ranked by Carivo score.
Explore the full lineup of Volvo models scored by Carivo — ranked by overall score across reliability, safety, value, performance, and technology.
