The Volvo XC40, a subcompact luxury crossover SUV (C-segment), was introduced by Volvo Cars on September 21, 2017, as the brand’s smallest SUV model positioned below the XC60. Orders commenced in September 2017, followed by manufacturing in November 2017. In addition to conventional petrol and diesel engines, Volvo introduced a plug-in hybrid model in 2019 and a battery electric vehicle model in 2020, both marketed as the XC40 Recharge. However, in 2024, Volvo renamed the battery electric XC40 to the Volvo EX40 to align it with newer battery electric models such as the EX30 and the EX90. A coupe version of the battery electric model with a sloping rear roof was launched in 2021 as the C40 Recharge but was renamed the Volvo EC40 since 2024. Notably, the XC40 received the European Car of the Year Award at the 2018 Geneva Motor Show and was honored with the Car of the Year Japan for 2018/2019.
2024 Volvo XC40
Price Range: $40,100 – $48,800
The 2024 Volvo XC40 subcompact luxury SUV presents a compelling blend of style, safety features, comfort, and technology. This year, Volvo streamlines the selection process by offering just one drivetrain option, which is well-received. Additionally, several previously optional features are now included as standard, enhancing the overall value proposition. From its eye-catching exterior design to its user-friendly Google-based infotainment system (with Apple CarPlay integration), the XC40 impresses with its attention to detail. Furthermore, its subcompact size and practical layout make it a breeze to maneuver and park, while still providing ample space for up to four adults.
Specifications
| Fuel Economy | City 24 mpg/Hwy 30 mpg/Comb 26 mpg |
| Fuel Type | Gas |
| Basic Warranty | 4 years or 50000 miles |
| Max Seating | 5 |
| Horsepower | 247 @ 5700 RPM |
| Cargo Space | 57.5 cu.ft. |
2023 Volvo XC40
Price Range: $36,350 – $47,595
The 2023 Volvo XC40 luxury small SUV strikes a harmonious balance between style, safety, practicality, and driving enjoyment. As one of Volvo’s top-selling models, the XC40 is ideally suited for urban living while still offering ample space for average-sized families venturing beyond city limits. Its wide-ranging appeal is further reinforced by stellar safety ratings in crash tests, appealing to individuals from all walks of life seeking a sense of security on the road.
Noteworthy updates for the 2023 model year include the introduction of a new Google-based infotainment system, ensuring seamless connectivity and user experience. For iPhone users, the inclusion of Apple CarPlay ensures compatibility with their preferred devices. Additionally, Volvo’s commitment to electrification is evident with the integration of a mild hybrid system, aligning with its broader initiative to incorporate electrified powertrains across its vehicle lineup.
Specifications
| Fuel Economy | City 24 mpg/Hwy 32 mpg/Comb 27 mpg |
| Fuel Type | Gas |
| Basic Warranty | 4 years or 50000 miles |
| Max Seating | 5 |
| Horsepower | 194 @ 4750 RPM |
| Cargo Space | 57.5 cu.ft. |
2022 Volvo XC40
Price Range: $37,670 – $43,945
The 2022 Volvo XC40 stands out as a premier option among subcompact luxury SUVs, boasting distinctive styling that commands attention on the road while offering remarkable practicality despite its compact size. Ample seating space, coupled with a plethora of modern tech features, enhances its appeal, further reinforced by Volvo’s unwavering dedication to safety, resulting in stellar ratings including the coveted IIHS Top Safety Pick+ award.
While the 2022 XC40 largely carries over from the previous year, notable updates include the availability of the power liftgate as a standalone option, along with wireless charging now being standard in the R-Design and Inscription trims. However, the absence of a hybrid variant is a notable drawback, especially given Volvo’s commitment to advancing electrification across its vehicle lineup.
Specifications
| Fuel Economy | City 23 mpg/Hwy 32 mpg/Comb 26 mpg |
| Fuel Type | Gas |
| Basic Warranty | 4 years or 50000 miles |
| Max Seating | 5 |
| Horsepower | 187 @ 4700 RPM |
| Cargo Space | 57.5 cu.ft. |
2021 Volvo XC40
Price Range: $36,270 – $42,545
Amidst stiff competition in the subcompact SUV/crossover segment, the 2021 Volvo XC40 emerges as a standout performer, captivating drivers with its compelling blend of style, comfort, and driving dynamics, evident in its robust sales figures. Noteworthy for the 2021 model year is the introduction of Volvo’s debut all-electric vehicle, the XC40 Recharge, boasting a commendable range of 200 miles. Catering to a diverse audience, the 5-seater XC40 strikes the perfect balance of aesthetics, spaciousness, and features, appealing particularly to young, affluent buyers. With its diverse model lineup, generous standard amenities, extensive array of upscale options, and potent 2.0-liter turbocharged engine, the 2021 XC40 stands out as a top-tier choice in its class.
Specifications
| Fuel Economy | City 23 mpg/Hwy 32 mpg/Comb 26 mpg |
| Fuel Type | Gas |
| Basic Warranty | 4 years or 50000 miles |
| Max Seating | 5 |
| Horsepower | 187 @ 4700 RPM |
| Cargo Space | 57.5 cu.ft. |
2020 Volvo XC40
Price Range: $36,170 – $43,445
The 2020 Volvo XC40 compact-crossover SUV made quite the splash in its inaugural year, clinching two KBB Best Buy Awards and winning over the hearts of the KBB editorial team. Despite fierce competition in its segment, the XC40 stands out with its exceptional overall aesthetic, driving dynamics, and customer appeal, as evidenced by its impressive sales figures. This 2-row/5-passenger crossover SUV strikes the perfect balance of style, size, and features, resonating particularly with young, affluent buyers seeking value for their money. Boasting a diverse model lineup, an extensive array of upscale options, and a robust 2.0-liter turbo engine, the 2020 XC40 SUV emerges as a compelling choice in its category.
Specifications
| Fuel Economy | City 23 mpg/Hwy 32 mpg/Comb 26 mpg |
| Fuel Type | Gas |
| Basic Warranty | 4 years or 50000 miles |
| Max Seating | 5 |
| Horsepower | 187 @ 4700 RPM |
| Cargo Space | 57.5 cu.ft. |
2019 Volvo XC40
Price Range: $35,395 – $40,745
The all-new 2019 Volvo XC40 marks the Swedish automaker’s foray into the compact-luxury SUV segment, offering a fresh perspective beneath its larger XC60 and XC90 siblings. Sporting a distinctive design and youthful appeal, this 2-row/5-passenger crossover stands out amidst its rivals with its unique charm. Despite Volvo’s delayed entry into the small SUV market, the XC40 proves to be a resounding success, boasting a winning combination of style, intelligent packaging, cutting-edge technology, and dynamic performance, all while delivering exceptional value. For those eyeing a small-luxury SUV, the XC40 proves to be well worth the anticipation.
Specifications
| Fuel Economy | City 23 mpg/Hwy 33 mpg/Comb 27 mpg |
| Fuel Type | Gas |
| Basic Warranty | 4 years or 50000 miles |
| Max Seating | 5 |
| Horsepower | 187 @ 4700 RPM |
| Cargo Space | 57.5 cu.ft. |