2023 Volvo XC40

1 / 13

2023 Volvo XC40 : An overview

Find a complete overview of the 2023 Volvo XC40, including key features and specifications, trims, inventory, alternatives, and other useful information. Read more

Used from:

*Lowest price on AutoTrader in the last month.

Fuel Economy:8.9 - 9.2 City/HWY combined

Horsepower:194 - 248 hp

Drivetrain:All-Wheel Drive

Engine:N/A

Torque:221 - 258 ft-lb

Seats:5

Review & compare

The 2023 Volvo XC40 has 13 trims. Below you will be able to review and compare them.

13 trims available

1 of 13
Core B5 B
$45,750
Gas/Electric Hybrid
9.1L - 9.2L fuel / 100 km
All Wheel Drive
247 - 248 horsepower
2 of 13
Core B4 B
$42,250
Gas/Electric Hybrid
8.7L - 8.9L fuel / 100 km
All Wheel Drive
194 horsepower
3 of 13
Ultimate Bright Theme B4 B
Price N/A
Gas/Electric Hybrid
8.7L fuel / 100 km
Front Wheel Drive
194 horsepower
4 of 13
Ultimate Bright Theme B5 B
$55,600
Gas/Electric Hybrid
9.1L - 9.2L fuel / 100 km
All Wheel Drive
247 - 248 horsepower
5 of 13
Core Twin
$59,950
Electric
Consumption N/A
All Wheel Drive
402 horsepower
6 of 13
Ultimate Dark Theme B5 B
$55,600
Gas/Electric Hybrid
9.1L - 9.2L fuel / 100 km
All Wheel Drive
247 - 248 horsepower
7 of 13
Ultimate Dark Theme B4 B
Price N/A
Gas/Electric Hybrid
8.7L fuel / 100 km
Front Wheel Drive
194 horsepower
8 of 13
Plus Twin
$69,995
Electric
Consumption N/A
All Wheel Drive
402 horsepower
9 of 13
Plus Bright Theme B4 B
Price N/A
Gas/Electric Hybrid
8.7L fuel / 100 km
Front Wheel Drive
194 horsepower
10 of 13
Plus Bright Theme B5 B
$49,450
Gas/Electric Hybrid
9.1L - 9.2L fuel / 100 km
All Wheel Drive
247 - 248 horsepower
11 of 13
Ultimate Twin
$73,900
Electric
Consumption N/A
All Wheel Drive
402 horsepower
12 of 13
Plus Dark Theme B5 B
$49,450
Gas/Electric Hybrid
9.1L - 9.2L fuel / 100 km
All Wheel Drive
247 - 248 horsepower
13 of 13
Plus Dark Theme B4 B
Price N/A
Gas/Electric Hybrid
8.7L fuel / 100 km
Front Wheel Drive
194 horsepower

2023 Volvo XC40 deals

National
Vancouver
Calgary
Edmonton
Saskatoon
Winnipeg
Toronto
Ottawa
Hamilton
Montréal
Halifax
St. John's

2023 Volvo XC40Plus|Retired Courtesy Car|Low KMs|3.99% financing 24 mths OAC, 2.99% Volvo Loyalty|CPO warranty with unlimited kms
$ 49,547
19,164 km
Electric
Dealer
Kingston
2023 Volvo XC40Plus Dark | Climate Pkg | Driver Assist | 20" Rims
$ 35,988
39,882 km
Gas/Electric Hybrid
Dealer
Toronto
2023 Volvo XC40Ultimate Bright Theme
$ 36,988
41,565 km
Gas/Electric Hybrid
Dealer
Toronto
2023 Volvo XC40NAV | PANO Roof | Leather | Memory & Heated Seats |
$ 25,998
92,021 km
Gas/Electric Hybrid
Dealer
Guelph
2023 Volvo XC40Plus Dark Theme Awd | 2 Keys | Leather | Moonroof
$ 28,998
84,389 km
Gas/Electric Hybrid
Dealer
Mississauga
2023 Volvo XC40B5 Plus Dark Theme AWD Mags Cuir Toit Pano GPS Sièges Chauffants
$ 28,999
97,880 km
Gas/Electric Hybrid
Dealer
Saint-constant
2023 Volvo XC40PLUS^Trade In^Harman Kardon^Polestar^Rate fr2.99%*
$ 30,980
91,097 km
Gasoline
Dealer
Newmarket
2023 Volvo XC40Ultimate Dark Theme AWD Mags Cuir Toit Pano GPS Sièges Chauffants
$ 30,999
105,205 km
Gas/Electric Hybrid
Dealer
Gatineau
2023 Volvo XC40Plus | CPO | Clean Carfax | 3.99% Finance
$ 33,990
49,130 km
Gasoline
Dealer
London
2023 Volvo XC40UP TO *5YR/UNLIMITED KM WARRANTY...
$ 33,999
79,189 km
Gasoline
Dealer
Oakville
2023 Volvo XC40UP TO *5YR/UNLIMITED KM WARRANTY...
$ 33,999
33,905 km
Gasoline
Dealer
Oakville
2023 Volvo XC40B5 AWD Ultimate Dark Theme
$ 34,888
74,921 km
Gas/Electric Hybrid
Dealer
Etobicoke
2023 Volvo XC40UP TO *5YR/UNLIMITED KM WARRANTY...
$ 34,999
68,027 km
Gasoline
Dealer
Oakville
2023 Volvo XC40Ultimate Dark Theme | Traction Intégrale | Pilot Assist | Caméra Panoramique |
$ 35,069
44,110 km
Gas/Electric Hybrid
Dealer
Montréal
2023 Volvo XC40B5 AWD Ultimate - Dark
$ 36,995
46,483 km
Gas/Electric Hybrid
Dealer
Mississauga
2023 Volvo XC40Plus Dark Theme
$ 37,111
26,110 km
Gas/Electric Hybrid
Dealer
Edmonton
2023 Volvo XC40B4 AWD Core Base
$ 27,970
51,500 km
Gasoline
Dealer
Dorval
2023 Volvo XC40Plus Dark Theme,AWD,Climate Pack,Toit,Cuir,Harman Kardon
$ 27,992
85,751 km
Gasoline
Dealer
Mirabel
2023 Volvo XC40B5 AWD Plus Dark Theme
$ 28,877
61,053 km
Gasoline
Dealer
Québec
2023 Volvo XC40B5 AWD Plus Dark Theme
$ 28,888
82,829 km
Gas/Electric Hybrid
Dealer
Mississauga

View all 2023 Volvo XC40 Deals

History/Overview

Introduced in 2019, the XC40 is Volvo’s subcompact crossover debut. The Swedish brand makes the XC40 stand out with clever styling cues that disguise a shape no less boxy – and in some case, more boxy – than any of the other vehicles in its segment.

What’s New/Key Changes From Last Year

For 2023, the XC40 gets a significant update that includes mild-hybrid powertrains, refreshed styling, and new B4 and B5 designations in place of last year’s T4 and T5 labels.

Available Trims

Volvo offers the XC40 in Core, Plus, and Ultimate trim levels. All are powered by a 2.0L turbo four-cylinder engine with mild hybrid assist; Core starts with an entry-level B4 powertrain that options to a more-potent B5 setup that is standard in Plus and Ultimate. An eight-speed transmission and AWD are standard across the board.

An all-electric XC40 Recharge is covered in its own buyer’s guide entry.

Standard Features

Core trim comes with two-zone A/C, a digital gauge display, a 9.0-inch touchscreen, heated front seats, and a power driver’s seat. Outside, Core models get auto-dimming mirrors, rain-sensing wipers, power-folding side mirrors, 18-inch alloy wheels, and a power tailgate.

The standard safety kit comprises blind spot monitoring, rear cross-traffic alert, rear park assist, lane keep assist, forward collision mitigation, and road sign recognition.

Plus models add fog lights, gloss black exterior trim, a panoramic roof, suede/textile upholstery, front parking sensors, an adjustable cargo floor, passive keyless entry, and a hands-free tailgate. Also included are an integrated garage remote, puddle lights, a power passenger seat, power-folding rear headrests, front seat cushion extensions, and wireless phone charging.

Ultimate is largely a cosmetic upgrade, bringing features like driftwood dash trim and a shift lever topped in Swedish crystal.

Key Options

XC40 options include a driver assist package (highway driving assist, and 360-degree cameras); a climate package (headlight washers, heated steering wheel, heated windshield washers, and heated rear seats); a cyclist package (rear hitch and hitch-mounted bike rack); an elegance package of lighted scuff plates and running boards; and an adventure pack that adds a cargo net, and roof crossbars.

A Polestar Engineered package tweaks the XC40’s powertrain for sharper performance, and you can add a Harman Kardon stereo as a stand-alone option.

Fuel Economy

Volvo’s fuel consumption estimates are 10.0/7.6 L/100 km (city/highway) for B4 models, and 10.2/7.9 L/100 km in B5 form.

Competition

Shop the XC40 against the Mercedes-Benz GLA, the Cadillac XT4, Buick Encore GX, Audi Q3, Lexus UX, and BMW’s X1.

Trader Scores

This score is awarded by our team of expert reviewers after extensive testing of the car.

Score

8.5

Design

10.0

User Friendliness

9.0

Comfort

9.0

Everyday Usability

6.0

Driving dynamics

8.0

Powertrain

8.0

Efficiency

9.0

Value for money

8.0

Equipment

9.0

Safety

9.0

Read Full Review

Interested in 2023 Volvo XC40

Used 2023 Volvo XC40 2023 Volvo XC40 for sale

Recall Information

Safety recalls issued by the manufacturer and Transport Canada for this vehicle model.

Recall #

Date

System Affected

Model Years

Manufacturer Recall #: R10333

Units Affected: 40673

Type: Safety Mfr

Details:

Issue: 
On certain vehicles, a software problem could cause the rearview camera image not to display when the transmission is shifted into reverse. 
Note: This recall replaces Transport Canada recall no. 2025-233. Vehicles that were repaired under that recall also require this repair.

Safety Risk: 
A rearview camera image that doesn't display could reduce a driver's ability to see behind the vehicle while backing up. This could increase the risk of a crash.  

Corrective Actions: 
Volvo will notify owners by mail and send a wireless over-the-air software update to eligible vehicles to update the vehicle software. Alternatively, you may schedule an appointment to have the update performed at a Volvo dealership.

Manufacturer Recall #: R10320

Units Affected: 40673

Type: Safety Mfr

Details:

Issue: 
On certain vehicles, a software problem could cause the rearview camera image not to display when the transmission is shifted into reverse. 

Safety Risk: 
A rearview camera image that doesn't display could reduce a driver's ability to see behind the vehicle while backing up. This could increase the risk of a crash.  

Corrective Actions: 
Volvo will notify owners by mail and send a wireless over-the-air software update to eligible vehicles to update the vehicle software. Alternatively, you may schedule an appointment to have the update performed at a Volvo dealership.

Manufacturer Recall #: R10217

Units Affected: 1602

Type: Safety Mfr

Details:

Issue: 
On certain vehicles, a problem in the brake control module (BCM) could cause reduced braking. It could also cause different safety systems to stop working. This can include the antilock brake system (ABS), electronic stability control (ESC), traction control, adaptive cruise control (ACC), pilot assist and one pedal drive (OPD). 

Safety Risk: 
Reduced braking can cause extended stopping distances and increase the risk of a crash. Additionally, vehicle safety systems that stop working suddenly could increase the risk of a crash. 

Corrective Actions: 
Volvo will notify owners in writing and send a wireless over-the-air update to each vehicle. If the update cannot be completed successfully, or for vehicles without over-the-air (OTA) update capability, Volvo will instruct you to schedule an appointment to have the update performed by a dealer.

Manufacturer Recall #: R10191

Units Affected: 31117

Type: Compliance Mfr

Details:

Issue: 
On certain vehicles, a software problem could cause the top-view camera to display instead of the rearview camera image when you are reversing. Canadian regulations require the rearview image to display when reversing. 
Note: This recall only affects vehicles equipped with a 360-degree park assist camera. 

Safety Risk: 
A rearview camera image that does not display could reduce a driver's ability to see behind the vehicle while backing up. This could increase the risk of a crash. 

Corrective Actions: 
Volvo will notify owners in writing and send a wireless over-the-air update to each vehicle. If the update cannot be completed successfully, or for vehicles without over-the-air (OTA) update capability, Volvo will instruct you to schedule an appointment to have the update performed by a dealer.

* Data provided by Transport Canada

2023 Volvo XC40

2023 Volvo XC40 : An overview

Review & compare

Core B5 B

Core B4 B

Ultimate Bright Theme B4 B

Ultimate Bright Theme B5 B

Core Twin

Ultimate Dark Theme B5 B

Ultimate Dark Theme B4 B

Plus Twin

Plus Bright Theme B4 B

Plus Bright Theme B5 B

Ultimate Twin

Plus Dark Theme B5 B

Plus Dark Theme B4 B

2023 Volvo XC40 deals

2023 Volvo XC40Plus|Retired Courtesy Car|Low KMs|3.99% financing 24 mths OAC, 2.99% Volvo Loyalty|CPO warranty with unlimited kms

2023 Volvo XC40Plus Dark | Climate Pkg | Driver Assist | 20" Rims

2023 Volvo XC40Ultimate Bright Theme

2023 Volvo XC40NAV | PANO Roof | Leather | Memory & Heated Seats |

2023 Volvo XC40Plus Dark Theme Awd | 2 Keys | Leather | Moonroof

2023 Volvo XC40B5 Plus Dark Theme AWD Mags Cuir Toit Pano GPS Sièges Chauffants

2023 Volvo XC40PLUS^Trade In^Harman Kardon^Polestar^Rate fr2.99%*

2023 Volvo XC40Ultimate Dark Theme AWD Mags Cuir Toit Pano GPS Sièges Chauffants

2023 Volvo XC40Plus | CPO | Clean Carfax | 3.99% Finance

2023 Volvo XC40UP TO *5YR/UNLIMITED KM WARRANTY...

2023 Volvo XC40UP TO *5YR/UNLIMITED KM WARRANTY...

2023 Volvo XC40B5 AWD Ultimate Dark Theme

2023 Volvo XC40UP TO *5YR/UNLIMITED KM WARRANTY...

2023 Volvo XC40Ultimate Dark Theme | Traction Intégrale | Pilot Assist | Caméra Panoramique |

2023 Volvo XC40B5 AWD Ultimate - Dark

2023 Volvo XC40Plus Dark Theme

2023 Volvo XC40B4 AWD Core Base

2023 Volvo XC40Plus Dark Theme,AWD,Climate Pack,Toit,Cuir,Harman Kardon

2023 Volvo XC40B5 AWD Plus Dark Theme

2023 Volvo XC40B5 AWD Plus Dark Theme

Trader Scores

Interested in 2023 Volvo XC40

Recall Information

More links

Similar vehicles to 2023 Volvo XC40

Popular comparisons for 2023 Volvo XC40