Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.
About the 2024 Volvo XC40
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 →
How It Ranks Among SUVs
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.
$0 — 4 campaigns on record; recall work is always free at franchised dealers
Insurance
Varies 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 XC40 Year Should You Buy?
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.
Top-tier safety scores across crash tests and driver-assistance tech
Good overall value; holds its own against pricier alternatives in the segment
Modern, intuitive tech suite with wireless connectivity and up-to-date ADAS
Versatile body style handles daily commuting and weekend adventures equally well
✗ Where it falls short
Reliability scores are mid-pack; some owners report higher-than-expected maintenance needs
Driving dynamics are adequate but uninspiring; not the choice for enthusiast drivers
NHTSA Recalls — 2024 Volvo XC40 (4 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.
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.
Own a 2024 Volvo XC40 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 — 2024 Volvo XC40
Is the 2024 Volvo XC40 reliable?
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).
How many recalls does the 2024 Volvo XC40 have?
4 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 2024 Volvo XC40 worth buying?
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.
How much does the 2024 Volvo XC40 cost?
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.
Which XC40 years should you avoid?
No standout weak years: across the 8 XC40 model years we've scored, every year lands within half a point of the best (7.9/10). Pick on price and condition rather than year.
What problems does the 2024 Volvo XC40 have?
The documented issues for the 2024 Volvo XC40 are its NHTSA recall campaigns, which involve: Electrical system, Back over prevention, Service brakes, hydraulic (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 XC40
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Similar SUV to Consider
Other suvs at a similar price point, ranked by Carivo score.
Representative photo — may show another model year
