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2021 Volvo XC40
#3 Best Luxury Subcompact SUVs of 2021

Used 2021 Volvo XC40

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4.6
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2021 Volvo XC40 Exterior: 0
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Interior (46)
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2025
2021
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Electric Variation Available

Fuel Economy
25 - 26 combined mpg
Horsepower
187 - 248 hp
Seating
5
Cargo Volume
57.5 cu ft
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2021 Volvo XC40 Review

Colin Ryan

By Colin Ryan

Updated January 30, 2025

Colin Ryan specializes in writing about new cars. He has done this for the Los Angeles Times, Variety, Kelley Blue Book, Autotrader, Popular Mechanics, Mazda and Lexus customer magazines, plus a bunch of enthusiast sites and publications. And he spent several years as a staff writer at BBC Top Gear magazine. During this zig-zag of a career trajectory, he has driven everything from budget Malaysian hatchbacks (yes, they exist) to scarily expensive Italian exotica.

Pros

  • Distinct styling
  • Sophisticated interior
  • Safety
  • Subscription service
  • Previous winner of KBB’s Best New Model award
  • New electric XC40 Recharge model

Cons

  • Cachet not quite at BMW, Audi or Mercedes-Benz levels
  • No hybrid option
  • Complicated touchscreen interface
  • Annoying shift lever design

What's New?

  • Active blind-spot monitoring with cross-traffic alert now standard
  • Full LED headlights with automatic high beams and active bending lights also standard
  • LED fog lights added to base trim
  • Power-folding/self-dimming side mirrors also included
  • Two USB-C ports are provided for the rear passengers
  • Leather upholstery and rear parking sensors added to base trim
  • Programmable Care Key now standard
  • Standard Connected Safety brings slippery road/hazard light alert
  • All-electric 2021 XC40 Recharge joins the range

The 2021 Volvo XC40 subcompact SUV/crossover SUV runs in a field crowded with excellent rivals like the Audi Q3, Lexus UX, BMW X1, and Mercedes-Benz GLA-Class. But its overall look, feel, and driving experience has made it an immediate hit, as its strong initial sales demonstrate.

It’s so good that in its first year of existence (2019), it won two KBB Best Buy Awards. The 2021 model year now includes Volvo’s first completely electric vehicle (EV), the XC40 Recharge, which has a range of 200 miles.

The 5-seater XC40 has the right combination of looks, size, and features at a price within the reach of young, affluent buyers. Its broad range of models, generous standard equipment, long list of sophisticated options, and punchy 2.0-liter turbocharged engine make the 2021 XC40 a superb choice.

2021 Volvo XC40 Pricing

2021 Volvo XC40 pricing starts at $21,563 for the XC40 T4 Momentum Sport Utility 4D, which had a starting MSRP of $36,270 when new. The range-topping 2021 XC40 T5 Inscription Sport Utility 4D starts at $24,284 today, originally priced from $42,545.

Original MSRP
KBB Fair Purchase Price (national avg.)
$36,270
$21,563
$38,270
$22,373
$40,045
$24,721
$40,545
$26,231
$42,045
$24,309
$42,545
$24,284

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 2021 Volvo XC40 models in typical condition when purchasing from a dealership. These prices are updated weekly.

Which Model is Right for Me?

2021 Volvo XC40 T4 Momentum

18-inch alloy wheels
Leather upholstery
Active blind-spot monitoring with cross-traffic alert
Powered tailgate
Apple CarPlay/Android Auto
Digital driver information display
Full LED headlights with active bending lights

2021 Volvo XC40 T4 R-Design

19-inch alloy wheels
Panoramic moonroof
Power-adjustable front passenger seat
Dual-zone automatic climate control
Navigation
Front parking sensors

2021 Volvo XC40 T4 Inscription

Crystal gearshift knob
Driftwood inlays
18-inch alloy wheels

2021 Volvo XC40 T5 Momentum

248-horsepower engine
All-wheel drive

2021 Volvo XC40 T5 R-Design

248-horsepower engine
All-wheel drive

2021 Volvo XC40 T5 Inscription

248-horsepower engine
All-wheel drive
12.3-inch digital driver display

2021 Volvo XC40 Recharge

Front and rear electric motors
78-kWh lithium-ion battery
All-wheel drive
Google Maps navigation
Google Assistant
Next-gen advanced driver assist system
Front trunk

Driving the Volvo XC40

The turbocharged 4-cylinder engine of the T5 is even livelier than its 248 horsepower suggests. It’s a little dynamo, with minimal turbo lag. This subcompact luxury SUV will zip from standstill to 60 mph in 6.2 seconds and has plenty of muscle in reserve for higher-speed passing. In the front-drive T4 models, horsepower drops to an adequate 187.

The XC40 is exceptionally nimble and easy to maneuver, whether in a parking lot or on the freeway. Despite its short length and modest wheelbase, the XC40 is comfortable and adept at absorbing road imperfections. It’s also fun to push on a winding road, especially the R-Design models, with their sportier suspension and larger wheels.

Drivers will be grateful for the XC40 T5’s standard all-wheel drive and 8.3 inches of ground clearance whenever the weather turns rough. Grip is commendable when snaking around dry roads and confidence-inspiring in general. The elevated seating position is also excellent.

Interior Comfort

The whole cabin of the 2021 XC40 is an impressive feat of design and deliberation, blending aesthetics with practicality. A perfect example is the optional rear storage feature that enables the rear floor to be folded up, creating a secure cargo box up against the backs of the rear seats.

The front bucket seats follow the typical Volvo formula of wonderful comfort, excellent back and leg support, as well as an elevated position for improved outward vision.

The XC40’s cockpit is brilliantly contemporary, with a 12.3-inch digital driver information display and a large 9-inch center touchscreen for the audio, climate, and navigation. Headroom and legroom in the back are adequate, but the front seats’ anchors intrude on foot space, causing passengers to press their feet close together. Other quibbles include sun visors that don’t slide and the small transmission selector that can be fiddly when putting the vehicle in Drive or Reverse.

Exterior Styling

“A tough little robot” is how XC40 designer Ian Kettle describes the appearance of this small Volvo SUV. That’s cool. It’s also cool that Volvo didn’t just make a downsized version of the XC60 and XC90, as elegant as those larger SUVs are.

By contrast, the XC40 is angular, with a C-pillar that rises sharply from the base of the rear windows. Up front, the grille is concave, flanked by those distinctive “Thor’s hammer” headlights, and the hood is enlivened by crisp creases. At the back, even the tailgate is arguably beautiful, and tucked underneath are the twin exhaust outlets. Volvo XC40 Momentum models can be had with a contrasting white roof; the R-Design variants have a black roof and their own grille treatment.

The XC40 Recharge is distinguished by its unique grille as well as its gloss black roof and mirror caps.

Favorite Features

APP-BASED CAR SHARING
As our phones become more integral to our lives, Volvo keeps pace by offering an app that allows owners to share their cars with friends or family without the need to hand over the keys. The Volvo On Call app lets an owner approve use, set a time frame, and inform the borrower of the car’s location. The car can be unlocked and started by the user’s phone.

BUILT-IN ROUTE PLANNER
With the new electric Volvo XC40 Recharge, a built-in route planner allows the driver to relax and enjoy the journey by automatically recommending when and where to charge the vehicle. Available where Google Services is offered.

Standard Features

The 2021 Volvo XC40 comes with either the T4 or T5 drivetrains. The T4 deploys front-wheel drive (FWD) and uses a lower-powered engine. The T5 has all-wheel drive (AWD) as standard, plus a gutsier engine. Both are available in Momentum, R-Design, or Inscription trim levels. And now there’s the all-electric Recharge model.

The entry-level Momentum trim is surprisingly well equipped. Standard features include leather upholstery, power-adjustable driver’s seat with memory, powered tailgate, automatic climate control, 12.3-inch digital driver information display, 18-inch alloy wheels, and full LED headlights with active bending lights. The XC40’s safety features include lane-keeping assistance, automatic emergency braking, blind-spot monitoring, and road sign recognition.

The infotainment system is centered around a vertically aligned 9-inch touchscreen display, along with Apple CarPlay/Android Auto smartphone integration, Wi-Fi (6-month trial included), an 8-speaker/250-watt audio system, plus two USB-A ports up front and two USB-C ports in the back.

The new electric Volvo XC40 Recharge has a 12.3-inch digital driver display, wireless smartphone charging, heated front seats, and uniquely shaped door panels with abundant storage. Notably, it’s the first Volvo with the company’s scalable Advanced Driver Assist sensor platform, which will allow for even better safety in the future.

 

Factory Options

The R-Design adds a sport chassis for more athletic handling, 19-inch alloy wheels, 8-way power-operated front passenger seat, panoramic moonroof, navigation, and dual-zone climate control. The top-line XC40 Inscription brings driftwood inlays, a crystal shift knob, and other cosmetic indulgences.

Other options include Pilot Assist adaptive cruise control/lane-centering, front parking sensors, parking assistance, 360-degree camera system, wireless charging, high-pressure headlight cleaning, 20-inch alloy wheels, heated seats/steering wheel/wiper blades, and a Harman Kardon audio system upgrade (which sounds great).

Engine & Transmission

The regular 2021 XC40 uses a turbocharged 2.0-liter 4-cylinder engine, but in a choice of two outputs/drive configurations. The XC40 T4 has 187 horsepower and front-wheel drive. The XC40 T5’s engine is tuned to develop 248 horsepower and drives all four wheels

Both are linked to a refined 8-speed automatic transmission. The XC40 has an automatic stop/restart function that cuts engine power at idle, such as at stoplights. However, it can be turned off by accessing a menu on the touchscreen.

The new 2021 XC40 Recharge is an AWD electric version with front and rear electric motors and an EPA-estimated range of 208 miles. The heated and cooled battery, a lithium-ion unit securely integrated into the floor of the vehicle, has a capacity of 78 kWh. It can be brought up to 80-percent charge in as little as 40 minutes when using a DC fast charger.

2.0-liter turbocharged inline-4 (XC40 T4 FWD)
187 horsepower @ 4,700 rpm
221 lb-ft of torque @ 1,400 rpm
EPA city/highway fuel economy: 23/32 mpg

2.0-liter turbocharged inline-4 (XC40 T5 AWD)
248 horsepower @ 5,500 rpm
258 lb-ft of torque @ 1,800 rpm
EPA city/highway fuel economy: 22/30 mpg

Front and rear electric motors (XC40 Recharge)
402 total horsepower
486 total lb-ft of torque
78-kWh lithium-ion battery
EPA range: est. 208 miles


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New Volvo XC40 Deals and Incentives

APR

3.99% APR | 72 months

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End Date: 04/30/2025
LEASE

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2021 Volvo XC40
KBB.com Consumer Reviews

4.6
Consumer Rating
Based on 22 Consumer Reviews
Write a Review
90%Recommend this vehicle
5
86%
5
86%
4
5%
4
5%
3
0%
3
0%
2
0%
2
0%
1
9%
1
9%
Value
4.4
Performance
4.6
Quality
4.6
Comfort
4.8
Reliability
4.6
Styling
4.9

Trending Topics in KBB.com Consumer Reviews

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2021 Volvo XC40 Styles

Style
Price
Combined Fuel Economy
Horsepower
Seating
Cargo Capacity
Engine
Towing Capacity
0-60
Curb Weight
T4 Momentum Sport Utility 4D
$21,563
26 MPG
187 @ 4700 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
8.1 seconds
3627 lbs
T5 Momentum Sport Utility 4D
$22,373
25 MPG
248 @ 5500 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
6.1 seconds
3753 lbs
T5 Inscription Sport Utility 4D
$24,284
25 MPG
248 @ 5500 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
6.1 seconds
3837 lbs
T5 R-Design Sport Utility 4D
$24,309
25 MPG
248 @ 5500 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
6.1 seconds
3840 lbs
T4 R-Design Sport Utility 4D
$24,721
26 MPG
187 @ 4700 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
8.1 seconds
3714 lbs
T4 Inscription Sport Utility 4D
$26,231
26 MPG
187 @ 4700 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
8.1 seconds
3820 lbs
See Full Specs for All 2021 Volvo XC40 Styles
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2021 Volvo XC40 Depreciation

A 2021 Volvo XC40 has depreciated $16,320 or 45% in the last 3 years and has a current resale value of $19,353 and trade-in value of $16,610.

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2021 Volvo XC40
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2021 Volvo XC40 Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2022
-
$35,673
$32,601
2023
$5,958
$29,715
$26,676
2024
$6,939
$22,776
$19,813
Now
$3,423
$19,353
$16,610
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2-Year Forecasted Depreciation

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

2021 Volvo XC40 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
3627 lbs.
Fuel Capacity
14.2 gallons
Front Head Room
39.0 inches
Front Leg Room
40.9 inches
Max Seating Capacity
5
Minimum Ground Clearance
8.3 inches
Overall Length
174.2 inches
Front Shoulder Room
56.7 inches
Towing Capacity, Maximum
3500 lbs.
Trunk or Cargo Capacity
57.5 cu.ft.
Turning Diameter
37.4 feet
Wheel Base
106.4 inches
Width with mirrors
80.1 inches

Exterior

Alloy Wheels
Available
Fog Lights
Available
Number of Doors
4 doors
Panorama Moon Roof
Available
Privacy Glass
Available
Roof Rails
Available
LED Headlights
Available
Rear Spoiler
Available

Fuel Economy

City
23 mpg
Highway
32 mpg
Combined
26 mpg

Mechanical

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

Performance

Horsepower
187 @ 4700 RPM
Torque
221 @ 1400 rpm
Engine
4-Cyl, Turbo, 2.0 Liter
0 to 60
8.1 seconds
Top Speed
112 mph

Warranty

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

Comfort & Convenience

  • Heated Steering Wheel
  • Integrated Garage Door Opener

Entertainment

  • Premium Radio
  • Satellite Radio
  • Bluetooth Streaming Audio

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • 12V Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Leather Seats
  • Folding Rear Seat
  • Heated 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
  • Voice Recognition System

2021 Volvo XC40 Safety

2021 Volvo XC40 Safety Technology

City Safe Collision Avoidance

Volvo’s collision avoidance and emergency braking system can not only detect and alert the driver to other vehicles. It can also pick out pedestrians, cyclists, and large animals.

Driver Alert Control

This system monitors the driver’s habits. If it detects irregularities that may imply fatigue or inattentiveness, it will set off an audible tone, plus a message on the instrument cluster suggesting that the driver should pull over and take a break.

Lane Keeping Assistance

Using a digital camera, this system reads lane markings to help keep the XC40 on its intended path. Should the car begin to move across the markings without a turn signal being used, LKA will gently move the car back into its lane. If the driver continues to change lanes without signaling, the steering wheel will vibrate and a warning will sound.

Pilot Assist

This optional system has a lane-centering function that can steer the vehicle, keeping it in position without input from the driver. It also includes adaptive cruise control that maintains a set distance between the XC40 and traffic ahead. However, drivers must keep their hands on the wheel at all times or the system will shut off.

5.0

Crash Test Rating

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

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MAZDA CX-50
See Details
Price
$21,563
$22,154
$26,106
$23,153
KBB.com Rating
4.5
4.0
4.8
4.5
Consumer Rating
4.6
4.3
5.0
4.6
Fuel Economy
City 23/Hwy 32/Comb 26 MPG
City 29/Hwy 37/Comb 32 MPG
City 25/Hwy 34/Comb 28 MPG
City 24/Hwy 30/Comb 27 MPG
Fuel Type
Gas
N/A
N/A
Gas
Safety Rating
5.0
5.0
N/A
N/A
Seating Capacity5555
Basic Warranty
4 years or 50000 miles
4 years or 50000 miles
4 years or 50000 miles
3 years or 36000 miles
Horsepower
187 @ 4700 RPM
169 @ 6600 RPM
221 @ 5500 RPM
187 @ 6000 RPM
Engine
4-Cyl, Turbo, 2.0 Liter
4-Cyl, 2.0 Liter
4-Cyl, Turbo, 2.0 Liter
4-Cyl, SKYACTIV-G, 2.5 Liter
Drivetrain
FWD
FWD
FWD
AWD

2021 Volvo XC40 Rankings

More Volvo XC40 News & Information

General
Volvo Renames Two EVs; Gives One a Year Off

Volvo will drop the “Recharge” name from all its EVs and PHEVs for 2025.

Sean Tucker January 22, 2025
Electric Vehicle
Volvo XC40 Recharge Deliveries Held Up at Ports Entering Country

Buyers who have ordered a new Volvo XC40 Recharge electric SUV are waking up to emails from Volvo explaining why…

Sean Tucker March 03, 2021

FAQs

Is the 2021 Volvo XC40 a good vehicle?

Yes, the 2021 Volvo XC40 is a good car, as reflected by its above-average Kelley Blue Book rating of 4.5 out of 5.

What is the MPG for a 2021 Volvo XC40?

2021 Volvo XC40 city/highway fuel economy ratings range from 22/30 mpg to 23/32 mpg, depending on trim and equipment.

How much should a 2021 Volvo XC40 cost?

Used 2021 Volvo XC40 prices currently range from $21,563 for the T4 Momentum Sport Utility 4D to $26,231 for the T4 Inscription Sport Utility 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Volvo XC40?

The cheapest 2021 Volvo XC40 is the T4 Momentum Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $21,563.

Is the 2021 Volvo XC40 reliable?

The 2021 Volvo XC40 is part of the 1st-generation XC40, which our owners give an above-average reliability rating of 4.6 out of 5.

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