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2023 Volvo S60
#8 Best Luxury Compact Cars of 2023

Used 2023 Volvo S60

3.9
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4.4
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2023 Volvo S60 Exterior: 0
2023 Volvo S60 Exterior: 1
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2025
2023
Fuel Economy
30 combined mpg
Horsepower
247 - 312 hp
Engine
2 engines available
Engine Options
  • 4-Cyl, Drive-E, Hybrid, Turbo, Supercharged, 2.0 Liter
  • 4-Cyl, Drive-E, Turbo, 2.0 Liter
Cargo Volume
11.6 cu ft
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2023 Volvo S60 Review

Eric Brandt

By Eric Brandt

Updated January 30, 2025

Eric Brandt is a Senior Editor for Cox Automotive, specializing in expert reviews for Kelley Blue Book and Autotrader. Eric helps shoppers find the right car for their needs, wants, and budget. Eric started writing for Cox Automotive as a freelancer in 2017 and entered his current role in 2022. In addition to car reviews, Eric’s work on KBB and Autotrader has included lists, comparisons, advice, Oversteer articles and videos, and even motorcycle and ATV content.

Pros

  • Distinct styling
  • Roomy, luxurious interior
  • Stellar safety ratings

Cons

  • Base powertrain isn’t very sporty
  • Subpar cargo space

What's New?

  • Refreshed styling
  • Renamed trim structure

When shopping for a compact luxury sedan, it would be easy to go with one of this segment’s big, mainstream names. However, if you’re looking for something different, consider the Volvo S60. It upholds the brand’s reputation for safety with an IIHS Top Safety Pick+ designation, and its aesthetics aren’t quite like anything else in its class.

The roomy interior is comfortable and upscale. As for driving manners, this sedan prioritizes safety and luxury over sporty driving dynamics. That said, the Polestar Engineered model is a blast to drive if you can afford the high price tag. The S60 competes primarily with luxury sedans like the BMW 3 Series, Audi A4, and Mercedes-Benz C-Class.

2023 Volvo S60 Pricing

2023 Volvo S60 pricing starts at $26,394 for the S60 B5 Core Dark Theme Sedan 4D, which had a starting MSRP of $42,345 when new. The range-topping 2023 S60 T8 Recharge Ultimate Dark Theme Sedan 4D starts at $45,384 today, originally priced from $57,745.

Original MSRP
KBB Fair Purchase Price (national avg.)
$42,345
$26,394
$45,045
$32,428
$46,695
$32,491
$47,795
$36,899
$54,995
$46,174
$57,745
$45,384

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Volvo S60 models in typical condition when purchasing from a dealership. These prices are updated weekly.

Driving the Volvo S60

The Volvo S60 offers the driver a smooth and comfortable ride. Its compliant suspension soaks up road imperfections while the supremely comfortable seats coddle the occupants. The standard B5 mild-hybrid powertrain delivers reasonably quick acceleration but won’t blow you away.

If you’re expecting the agile driving dynamics of a sport sedan, you’ll be more satisfied with one of the German rivals of the S60. The Volvo is comfortable and sportier than the average non-luxury sedan, but athletic handling isn’t its greatest strength, especially with front-wheel drive (FWD). It does feel a bit sportier with the optional all-wheel-drive (AWD) system.

Another good way to improve the driving dynamics of the S60 is to upgrade to the optional T8 plug-in hybrid powertrain. This brings a significant upgrade in performance while giving you up to 41 miles of all-electric range.

The plug-in hybrid gets even more exciting in the Polestar Engineered model. It not only has more torque than the regular plug-in hybrid, but also adds performance upgrades like a sport suspension with Öhlins dampers and upgraded brakes.

Interior Comfort

The inside of the Volvo S60 is spacious and luxurious. The interior design is unique, and the materials are lovely, especially with the optional Nappa leather or wool blend. The infotainment system has a bit of a learning curve, but once you get used to it, it’s pretty intuitive.

The back seats of the S60 are plenty roomy for two adults, which we can’t say about all of its rivals. Cargo space, though, is only 11.6 cubic feet — pretty small for a car of this size.

Exterior Styling

The Volvo S60 is a head-turner. It stands out in a subtle way with its unique styling and handsome light signature. It gets a mild aesthetic refresh for 2023 with a new grille insert and redesigned bumpers.

The look of the 2023 Volvo S60 changes a bit depending on how it’s optioned. For example, the Black Edition lives up to its name with stylish gloss black accents, while the Bright theme available for the Ultimate trim adds tasteful chrome. Meanwhile, the Polestar Engineered model has a unique, sporty appearance package.

The size of the Volvo S60 is in line with the compact luxury sedan segment. Its dimensions are similar to those of the BMW 3 Series, Mercedes-Benz C-Class, and Audi A4.

Favorite Features

1. Excellent Safety Scores
Volvo has always been known for safety. The Volvo S60 earns the coveted IIHS Top Safety Pick+ rating. It not only achieves excellent crash test ratings, but it’s well-equipped with standard safety features like blind-spot monitoring, lane-keeping assistance, road sign information, driver alert monitor, and much more.

2. Material Options
The S60 has many options for interior materials. Of course, you can get leather seats and super luxurious Nappa leather, but some other options include leatherette, a wool blend, and what Volvo calls City Weave, a leather-free textile material.

3. Pilot Assist
The Pilot Assist driver assistance system is standard on all but the base Core trim of the S60. This semi-autonomous driving system combines features like adaptive cruise control, lane-keeping aid, and road sign information to make highway driving nearly effortless.

4. Google Built-In
The Google-based infotainment system in the S60 is feature-rich and easy to use. Google Maps is built in, which is one of the best navigation systems you can get in a car. It also comes with Apple CarPlay, SiriusXM, and four USB-C ports.

5. T8 Plug-In Hybrid Powertrain
The available plug-in hybrid powertrain in the Volvo S60 improves both performance and efficiency. Travel up to 41 miles on electricity alone with a full charge. Even with a drained battery, this Volvo gets 31 combined mpg.

6. Sporty Polestar Engineered Model
If you like the idea of a plug-in hybrid luxury sport sedan, you’ll love the Volvo S60 Polestar Engineered. The plug-in hybrid powertrain produces 455 horsepower and 523 lb-ft of torque. Upgraded brakes and a sport suspension with Öhlins dampers further add to the sporty driving dynamics.

Engine & Transmission

The Volvo S60 has two engine options. The B5 powertrain is a turbocharged 4-cylinder with a mild-hybrid system that gives it a slight boost in performance and efficiency. This powertrain has standard front-wheel drive (FWD) and optional all-wheel drive (AWD).

All S60 models with the T8 plug-in hybrid (PHEV) powertrain have all-wheel drive. The PHEV models benefit from a “Twincharged” (supercharged and turbocharged) gasoline engine mated to an electric motor. Every hybrid S60 for the 2023 model year is an extended-range hybrid that has an impressive all-electric range of 41 miles on a full charge. Upgrading to the Polestar Engineered model yields more torque.

Every 2023 Volvo S60 employs an 8-speed automatic transmission.

2.0-liter turbocharged inline-4 mild hybrid (B5)
247 horsepower @ 5,400 rpm
258 lb-ft of torque @ 1,800-4,800 rpm
EPA city/highway fuel economy: 26/35 (FWD), 25/33 (AWD)

2.0-liter turbocharged/supercharged extended range inline-4 plug-in hybrid (T8 Recharge)
455 horsepower @ 6,000 rpm
472 lb-ft of torque @ 2,200 rpm (523 lb-ft of torque @ 3,000 rpm in Polestar Engineered)
All-electric range: 41 miles
EPA combined fuel economy: 31 mpg (gas), 74 MPGe (gas & electric)


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New Volvo S60 Deals and Incentives

LEASE

$675 /mo | 36 months | Due at Signing

Lease a new 2025 S60 T8 AWD Ultra for $675 a month for 36 months with $4065 due at signing.

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End Date: 04/30/2025
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2023 Volvo S60
KBB.com Consumer Reviews

4.4
Consumer Rating
Based on 25 Consumer Reviews
Write a Review
90%Recommend this vehicle
5
76%
5
76%
4
12%
4
12%
3
0%
3
0%
2
0%
2
0%
1
12%
1
12%
Value
4.1
Performance
4.8
Quality
4.4
Comfort
4.7
Reliability
4.4
Styling
4.9

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2023 Volvo S60 Styles

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
0-60
Curb Weight
B5 Core Dark Theme Sedan 4D
$26,394
30 MPG
247 @ 5400 RPM
4-Cyl, Drive-E, Turbo, 2.0 Liter
11.6 cu ft
258 lb-ft
6.7 seconds
3777 lbs
B5 Plus Dark Theme Sedan 4D
$32,428
30 MPG
247 @ 5400 RPM
4-Cyl, Drive-E, Turbo, 2.0 Liter
11.6 cu ft
258 lb-ft
6.7 seconds
3798 lbs
B5 Plus Black Edition Sedan 4D
$32,491
30 MPG
247 @ 5400 RPM
4-Cyl, Drive-E, Turbo, 2.0 Liter
11.6 cu ft
258 lb-ft
6.7 seconds
3797 lbs
B5 Ultimate Dark Theme Sedan 4D
$36,899
30 MPG
247 @ 5400 RPM
4-Cyl, Drive-E, Turbo, 2.0 Liter
11.6 cu ft
258 lb-ft
6.7 seconds
3848 lbs
T8 Recharge Ultimate Dark Theme Sedan 4D
$45,384
30 MPG
312 @ 6000 RPM
4-Cyl, Drive-E, Hybrid, Turbo, Supercharged, 2.0 Liter
11.6 cu ft
523 lb-ft
4.6 seconds
4469 lbs
T8 Recharge Plus Dark Theme Sedan 4D
$46,174
30 MPG
312 @ 6000 RPM
4-Cyl, Drive-E, Hybrid, Turbo, Supercharged, 2.0 Liter
11.6 cu ft
523 lb-ft
4.6 seconds
4431 lbs
See Full Specs for All 2023 Volvo S60 Styles
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2023 Volvo S60 Depreciation

A 2023 Volvo S60 has depreciated $17,697 or 41% in the last 2 years and has a current resale value of $24,648 and trade-in value of $20,925.

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2023 Volvo S60
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2023 Volvo S60 Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2023
-
$42,345
$42,345
2024
$11,619
$30,726
$26,909
Now
$6,078
$24,648
$20,925
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2023 Volvo S60 Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


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Specifications

Dimensions, Weights & Capacities

Curb Weight
3777 lbs.
Fuel Capacity
15.9 gallons
Front Head Room
37.4 inches
Front Leg Room
42.3 inches
Max Seating Capacity
5
Minimum Ground Clearance
5.6 inches
Overall Length
188.1 inches
Front Shoulder Room
56.1 inches
Towing Capacity, Maximum
2000 lbs.
Trunk or Cargo Capacity
11.6 cu.ft.
Turning Diameter
37.1 feet
Wheel Base
113.1 inches
Width with mirrors
80.3 inches

Exterior

Alloy Wheels
Available
Fog Lights
Available
Number of Doors
4 doors
Panorama Moon Roof
Available
LED Headlights
Available

Fuel Economy

City
26 mpg
Highway
35 mpg
Combined
30 mpg

Mechanical

Drivetrain
FWD
Transmission Type
Automatic
8 speed
Available
Recommended Fuel
Premium
Hill Start Assist
Available
Parking Assist System
Available

Performance

Horsepower
247 @ 5400 RPM
Torque
258 foot pounds
Engine
4-Cyl, Drive-E, Turbo, 2.0 Liter
0 to 60
6.7 seconds

Warranty

Basic
4 years / 50000 miles
Powertrain
4 years / 50000 miles
Corrosion
12 years / Unlimited miles

Comfort & Convenience

  • Heated Steering Wheel

Entertainment

  • Premium Radio
  • Satellite Radio
  • Bluetooth Streaming Audio

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Rear Window Defroster
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Folding Rear Seat
  • Cloth Seats
  • Heated Seats
  • Heated Rear Seats
  • Dual Power Front Seats
  • Power Driver's Seat

Security

  • Alarm System

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Remote Engine Start
  • Smartphone Interface
  • USB Port

2023 Volvo S60 Safety

2023 Volvo S60 Safety Technology

Collision Warning

The standard Collision Warning system in the S60 is designed to detect almost any road obstacle, including vehicles, cyclists, pedestrians, and even large animals.

Driver assists

Also standard on the S60 are blind-spot monitoring with cross-traffic alert, steering assist, and automatic emergency braking. All of these make driving safer on the highway and in the city.

Park Assist

An available 360-degree camera with front, side, and rear Park Assist adds a lot of confidence to parking. You work the pedals while the car does the steering for you.

5.0

Crash Test Rating

Provided by the National Highway Traffic Safety Administration
Frontal Crash
4.0
Side Barrier
5.0
Rollover Rating
5.0
Side Crash
5.0

Compare to Similar Vehicles

Used 2023
Volvo S60
Used 2023
Audi A3
New 2025
Volvo S60
Used 2023
Audi A5
See Details
Price
$26,394
$26,589
$43,795
$32,912
KBB.com Rating
3.9
4.6
3.8
4.6
Consumer Rating
4.4
5.0
4.4
4.1
Fuel Economy
City 26/Hwy 35/Comb 30 MPG
City 28/Hwy 38/Comb 32 MPG
City 27/Hwy 36/Comb 30 MPG
City 24/Hwy 33/Comb 28 MPG
Fuel Type
Gas
N/A
Gas
N/A
5 Year Cost To Own
5-Year Cost to Own includes out of pocket expenses like fuel and insurance, plus the car’s loss in value over time (depreciation).
N/A
N/A
$65,577
N/A
Safety Rating
5.0
N/A
5.0
5.0
Seating Capacity5555
Basic Warranty
4 years or 50000 miles
4 years or 50000 miles
4 years or 50000 miles
4 years or 50000 miles
Horsepower
247 @ 5400 RPM
201 HP
247 @ 5400 RPM
201 HP
Engine
4-Cyl, Drive-E, Turbo, 2.0 Liter
4-Cyl, Turbo, 2.0 Liter
4-Cyl, Turbo, 2.0 Liter
4-Cyl, Turbo, 2.0 Liter
Drivetrain
FWD
FWD
FWD
AWD

2023 Volvo S60 Rankings

More Volvo S60 News & Information

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Volvo Cancels S60 Sedan In Electric Push

Volvo has announced plans to pull its S60 sedan from the U.S. market, and do it quickly. Automakers usually give…

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Volvo Plug-in Hybrids Get Range Boost, Full Tax Credit

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FAQs

How much is a 2023 Volvo S60?

The 2023 Volvo S60 starts at $41,300.

Is the 2023 Volvo S60 reliable?

The S60 gets an “Average” quality and reliability rating from J.D. Power.

How long do 2023 Volvo S60s last?

The Volvo S60 can last many years and miles with routine maintenance, but the long-term reliability of the available plug-in hybrid powertrain is unknown.

How much should a 2023 Volvo S60 cost?

Used 2023 Volvo S60 prices currently range from $26,394 for the B5 Core Dark Theme Sedan 4D to $46,174 for the T8 Recharge Plus Dark Theme Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Volvo S60?

The cheapest 2023 Volvo S60 is the B5 Core Dark Theme Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $26,394.

Is the 2023 Volvo S60 reliable?

The 2023 Volvo S60 is part of the 4th-generation S60, which our owners give an above-average reliability rating of 4.4 out of 5.

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