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2023 VOLVO XC40
Depreciation & Resale Value


The depreciation graph and accompanying table on our page detail how the 2023 VOLVO XC40's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2023 VOLVO XC40 in 2023 was $45,155.
The average price for used 2023 VOLVO XC40 nowadays in 2024 is $39,000 which is 86% from the original price.
Estimated mileage driven per year is 9,807 miles.
The graph below is a depreciation curve for 2023 VOLVO XC40. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2023 VOLVO XC40 in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
YearAverage MileageAverage Price% Left% Lost
2023 MSRP0 mi$45,155100%0%
20239,807 mi$44,500+$655+1.45%98.55%1.45%
202419,614 mi$39,000+$5,500+12.36%86.37%13.63%
202529,421 mi$33,000+$6,000+15.38%73.08%26.92%
202639,228 mi$31,790+$1,210+3.67%70.4%29.6%
202749,035 mi$26,982+$4,808+15.12%59.75%40.25%
202858,842 mi$25,000+$1,982+7.35%55.36%44.64%

Price vs Mileage

Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLVO XC40’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2023 VOLVO XC40. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 VOLVO XC40 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
0 mi$41,58522 sales
5,000 mi$39,858140 sales
10,000 mi$38,99585 sales
15,000 mi$38,97327 sales
20,000 mi$37,50016 sales
25,000 mi$37,31012 sales
Frequently asked questions
Depreciation directly affects the resale value of a 2023 VOLVO XC40, with faster depreciating vehicles typically having lower resale values over time.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Proper maintenance and good condition can slow the depreciation of a 2023 VOLVO XC40 by making it more attractive to potential buyers, thereby preserving more of its value.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Other years of VOLVO XC40
2019 VOLVO XC40
$25,000 average used price
26,800+ sales records
2020 VOLVO XC40
$26,982 average used price
23,600+ sales records
2021 VOLVO XC40
$31,790 average used price
22,900+ sales records
2022 VOLVO XC40
$33,000 average used price
6,400+ sales records
2024 VOLVO XC40
$44,500 average used price
900+ sales records
Similar Models
2020 VOLVO XC90
$59,325 MSRP
$34,998 average used price
46,700+ sales records
2021 VOLVO S90
$58,940 MSRP
$37,493 average used price
1,200+ sales records
2022 VOLVO S90
$58,940 MSRP
$41,900 average used price
590+ sales records
2022 VOLVO XC90
$59,325 MSRP
$44,999 average used price
14,800+ sales records
2022 VOLVO XC60
$47,630 MSRP
$37,650 average used price
14,800+ sales records
2024 VOLVO XC90
$59,325 MSRP
$62,181 average used price
790+ sales records
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