Real price data
What should you pay for a 2023 Volvo XC60?
Original MSRP
$45,750
When new
Fair market price
$34,916
Mileage-adjusted
Below MSRP
$10,834
A fair used price
Where prices land
25th $34,017 · 75th $38,797 · MSRP $45,750
Spread of current 2023 Volvo XC60 listings · 25th–75th percentile marked.
Negotiating leverage
71
out of 100
strong leverage
~64 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
64days of supply
Buyer's marketInventory is moving slowly, so buyers typically have more room to negotiate on a 2023 Volvo XC60.
National Market Day Supply — how long it would take to sell the current used 2023 Volvo XC60 inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.
Estimated dealer cost (invoice)
$42,090–$43,920
Estimated dealer invoice — about $45,750 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 | $30,965 | $45,750 | $42,090–$43,920 |
| Plus | $33,997 | $61,450 | $56,534–$58,992 |
| Ultimate | $38,443 | $66,950 | $61,594–$64,272 |
- Core
- $30,965
- Plus
- $33,997
- Ultimate
- $38,443
Safety & recalls
5 open NHTSA recalls on record for the 2023 Volvo XC60.
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
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 XC60?
A fair, mileage-adjusted price is about $34,916, within a typical market range of $34,017 to $38,797.
Is the 2023 Volvo XC60 cheaper than MSRP?
Yes — its original MSRP was about $45,750, so a fair used price is roughly $10,834 below MSRP.
Is now a good time to buy a 2023 Volvo XC60?
There are about 64 days of national market supply for the 2023 Volvo XC60 — Inventory is moving slowly, so buyers typically have more room to negotiate on a 2023 Volvo XC60.
How much can you negotiate on a 2023 Volvo XC60?
Negotiating leverage rates 71/100 (strong). ~64 days of national supply — strong leverage to negotiate.
What does the dealer pay for a 2023 Volvo XC60?
The estimated dealer cost (invoice) is roughly $42,090–$43,920 — its $45,750 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
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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.