How much should I pay for each 2023 Volvo S60 trim?

Core: ~$27,385; Plus: ~$31,605; Ultimate: ~$31,848.

Does the 2023 Volvo S60 have any recalls?

The 2023 Volvo S60 has 6 open NHTSA recalls on record. Components involved include: ENGINE AND ENGINE COOLING:ENGINE:ENGINE CONTROL MODULE (ECU/ECM); SERVICE BRAKES, HYDRAULIC; ELECTRICAL SYSTEM.

Real price data

What should you pay for a 2023 Volvo S60?

Q: What is a fair price for a 2023 Volvo S60?

A fair, mileage-adjusted price for a used 2023 Volvo S60 is about $30,699, within a typical market range of $28,802 to $33,566.

Q: How much can you negotiate on a 2023 Volvo S60?

Negotiating leverage on a 2023 Volvo S60 rates 70/100 (strong). ~63 days of national supply — strong leverage to negotiate.

Q: What does the dealer pay for a 2023 Volvo S60?

The estimated dealer cost (invoice) for a 2023 Volvo S60 is roughly $37,996–$39,648 — modeled as its $41,300 MSRP minus a typical 4–8% margin. This is an estimate; actual invoice varies by manufacturer incentives and holdback.

Original MSRP

$41,300

When new

Fair market price

$30,699

Mileage-adjusted

Below MSRP

$10,601

A fair used price

Where prices land

$20,492Fair price $30,699$41,989

25th $28,802 · 75th $33,566 · MSRP $41,300

Spread of current 2023 Volvo S60 listings · 25th–75th percentile marked.

Negotiating leverage

out of 100

strong leverage

~63 days of national supply — strong leverage to negotiate.

Ridekick's negotiating-leverage score blends national Market Day Supply with how far listings sit above the mileage-adjusted fair price. Higher means more room to negotiate.

Market demand & negotiating leverage

63days of supply

Buyer's market

Inventory is moving slowly, so buyers typically have more room to negotiate on a 2023 Volvo S60.

National Market Day Supply — how long it would take to sell the current used 2023 Volvo S60 inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.

Estimated dealer cost (invoice)

$37,996–$39,648

Estimated dealer invoice — about $41,300 MSRP minus a typical 4–8% manufacturer margin.

An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.

Fair price by trim

Trim	Fair price	MSRP	Est. dealer cost
Core	$27,385	$41,300	$37,996–$39,648
Plus	$31,605	$47,950	$44,114–$46,032
Ultimate	$31,848	$46,750	$43,010–$44,880
polestar	—	$68,050	$62,606–$65,328

Core: $27,385
Plus: $31,605
Ultimate: $31,848

Safety & recalls

6 open NHTSA recalls on record for the 2023 Volvo S60.

ENGINE AND ENGINE COOLING:ENGINE:ENGINE CONTROL MODULE (ECU/ECM)

Volvo Car USA, LLC (Volvo Car) is recalling certain 2022-2023 S60, V60, S90L, XC60, and XC90 vehicles. An electronic control module (ECM) software error may prevent the combustion engine from starting, causing a loss of drive power.

Remedy: Dealers will update the ECM software, free of charge. Owner notification letters are expected to be mailed December 8, 2022. Owners may contact Volvo Car's customer service at 1-800-458-1552. Volvo Car's number for this recall is R10198.

Campaign 22V793000 · 20/10/2022

SERVICE BRAKES, HYDRAULIC

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 (ESC), and traction control.

Remedy: Volvo will release an over-the-air (OTA) BCM2 software update, free of charge. Owner notification letters are expected to be mailed March 15, 2023. Owners may contact Volvo Car customer service at 1-800-458-1552. Volvo Car's number for this recall is R10217.

Campaign 23V012000 · 19/01/2023

ELECTRICAL SYSTEM

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 information module (DIM).

Remedy: Dealers will update the telematics and connectivity antenna module (TCAM) software, free of charge. Owner notification letters are expected to be mailed May 16, 2023. Owners may contact Volvo Car's customer service 1-800-458-1552. Volvo Car's number for this recall is R10225.

Campaign 23V188000 · 22/03/2023

AIR BAGS:FRONTAL

Volvo Car USA, LLC. (Volvo Car) is recalling certain 2019-2024 S60 vehicles. The passenger air bag may not be secured properly, which can cause the air bag to deploy improperly.

Remedy: Dealers will inspect and tighten the bolts securing the passenger air bag, as necessary, free of charge. Owner notification letters were mailed January 5, 2024. Owners may contact Volvo Car customer service at 1-800-458-1552. Volvo Car's number for this recall is R10254.

Campaign 23V780000 · 21/11/2023

BACK OVER PREVENTION:SOFTWARE

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 reverse. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111, "Rear Visibility."

Remedy: The software will be updated by a dealer or through an over-the-air (OTA) update, free of charge. Owner notification letters were mailed June 27, 2025. Owners may contact Volvo Car customer service at 1-800-458-1552. Volvo Car's number for this recall is R10320.

Campaign 25V282000 · 08/05/2025

BACK OVER PREVENTION:SOFTWARE

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 placed in reverse. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111, "Rear Visibility."

Remedy: The software will be updated by a dealer or through an over-the-air (OTA) update, free of charge. Owner notification letters were mailed February 24, 2026. Owners may contact Volvo Car’s customer service at 1-800-458-1552. Volvo Car's number for this recall is R10333. Vehicle Identification Numbers (VINs) involved in this recall will be searchable on NHTSA.gov beginning February 16, 2026. This recall replaces previous NHTSA recall number 25V282. Vehicles previously repaired under recall 25V282 will need to have the new remedy performed.

Campaign 25V908000 · 23/12/2025

Source: NHTSA. Contact your dealer to schedule a free recall repair.

Frequently asked questions

What is a fair price for a 2023 Volvo S60?

A fair, mileage-adjusted price is about $30,699, within a typical market range of $28,802 to $33,566.

Is the 2023 Volvo S60 cheaper than MSRP?

Yes — its original MSRP was about $41,300, so a fair used price is roughly $10,601 below MSRP.

Is now a good time to buy a 2023 Volvo S60?

There are about 63 days of national market supply for the 2023 Volvo S60 — Inventory is moving slowly, so buyers typically have more room to negotiate on a 2023 Volvo S60.

How much can you negotiate on a 2023 Volvo S60?

Negotiating leverage rates 70/100 (strong). ~63 days of national supply — strong leverage to negotiate.

What does the dealer pay for a 2023 Volvo S60?

The estimated dealer cost (invoice) is roughly $37,996–$39,648 — its $41,300 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.

Keep researching

All Volvo S60 model yearsDepreciation, cost to own, and pricing by year How out-the-door price worksTax, doc fee, title & registration Dealer fees by stateSales tax and typical doc fees near you

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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 6/23/2026. Estimates only; your price depends on condition, options, and location.