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2022 Volvo XC40
#3 Best Luxury Subcompact SUVs of 2022

Used 2022 Volvo XC40

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4.6
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2022 Volvo XC40 Exterior: 0
2022 Volvo XC40 Exterior: 1
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Interior (35)
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2025
2022
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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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2022 Volvo XC40 Review

Eric Brandt

By Eric Brandt

Updated November 08, 2021

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 aesthetics
  • Upscale, high-tech interior
  • Good seating space for its size
  • Reasonable pricing
  • IIHS Top Safety Pick+ winner

Cons

  • Infotainment system has a learning curve
  • No hybrid option
  • AWD isn’t available with T4 powertrain

What's New?

  • Standard wireless charging on R-Design and Inscription trims
  • Power liftgate is now an individual option

Price: The Volvo XC40 has a starting price of $34,100. The top T5 AWD Inscription trim starts at $41,850.

The Volvo XC40 is a top choice in subcompact luxury SUVs. It turns heads with its unique styling, and it has a lot of practicality for such a small SUV. The seating space is pretty generous, it’s loaded with modern tech features, and as you’d expect from a Volvo, it earns stellar safety ratings with the coveted IIHS Top Safety Pick+ award.

The 2022 XC40 is a carryover model from last year, but a few minor changes are worth noting. The power liftgate is now an individual option, and wireless charging is standard in the R-Design and Inscription trims.

One of our only complaints is that there’s no hybrid option, despite Volvo’s commitment to electrification. However, there is an all-electric Volvo XC40 Recharge (reviewed separately).

The Volvo XC40 competes with other European subcompact luxury SUVs like the BMW X1, Mercedes-Benz GLA-Class, and Audi Q3. The Volvo is priced a little lower than its aforementioned rivals but arguably serves up just as much appeal, plus one of the nicest interiors in this class.

2022 Volvo XC40 Pricing

2022 Volvo XC40 pricing starts at $24,411 for the XC40 T4 Momentum Sport Utility 4D, which had a starting MSRP of $37,670 when new. The range-topping 2022 XC40 T5 Inscription Sport Utility 4D starts at $29,202 today, originally priced from $43,945.

Original MSRP
KBB Fair Purchase Price (national avg.)
$37,670
$24,411
$39,670
$26,607
$41,445
$29,283
$41,945
$29,937
$43,445
$30,419
$43,945
$29,202

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 2022 Volvo XC40 models in typical condition when purchasing from a dealership. These prices are updated weekly.

Driving the Volvo XC40

There’s nothing extraordinary about how the Volvo XC40 drives with the base T4 FWD powertrain. If you upgrade to the more robust T5 AWD setup, this SUV becomes much more fun to drive. The T4 is adequate, but since the T5 is only an extra $2,000 for a significant boost in power and standard all-wheel drive, it’s a worthwhile upgrade for most drivers.

Since the XC40 has a pretty short wheelbase and a well-tuned chassis, the handling of the XC40 is relatively agile. It gets sportier in the R-Design trim with its sport-tuned suspension and bigger wheels. The XC40 is also comfortable in long-distance highway driving.

The XC40 isn’t much of an off-roader, but it has a respectable 8.3 inches of ground clearance. When equipped with all-wheel drive, it has confidence-inspiring traction in wet or snowy road conditions.

Interior Comfort

The Volvo XC40 has one of the nicest interiors in its competitive class. The design is upscale, and the quality of the materials is top-notch. It’s especially luxurious in the Inscription trim, which includes high-quality leather seats, driftwood inlays, and even an Orrefors crystal gear shift knob. The Audi Q3 is arguably nicer inside, but which is more luxurious depends on your tastes.

The seating space in the XC40 is pretty generous for a subcompact luxury SUV. It’s roomy enough to seat up to four adults comfortably. The cargo hold is a little tight compared to its rivals. If you need more space, consider the larger Volvo XC60.

Exterior Styling

We love the styling of the Volvo XC40. It looked sleek and modern when it first came out in 2019, and its design is aging well so far. The look changes a bit depending on which trim you go with. The R-Design trim has a sportier look, while the Inscription trim has a more luxurious aesthetic.

The size of the Volvo XC40 is pretty small, even for a subcompact luxury SUV. It’s a little smaller than the BMW X1, Audi Q3, and Lexus UX, and it’s about the same size as the Mercedes-Benz GLA-Class.

Favorite Features

PILOT ASSIST
This available semi-autonomous driving system with adaptive cruise control makes highway driving safer and more comfortable.

ORREFORS CRYSTAL SHIFTER
The luxurious Inscription trim of this SUV comes with a genuine crystal shifter, which is a unique touch you won’t find in any of the XC40’s competitors.

Standard Features

The base T4 FWD Momentum trim of the Volvo XC40 comes pretty well equipped. Standard features include 18-inch alloy wheels, LED headlights, a 12.3-inch digital driver display, leather seating, a memory driver’s seat, heated front seats, Android Auto, Apple CarPlay, two USB-A ports in front, and two USB-C ports in the back.

Standard safety features in the XC40 include a blind-spot information system with steering assist, cross-traffic alert, automatic emergency braking, run-off road mitigation and protection, lane-keeping aid, a backup camera, and rear parking sensors.

Factory Options

All three trims of the Volvo XC40 are also available with the T5 AWD powertrain, which brings a nice boost in performance.

An available Premium Package ($2,400) adds a long list of features to the Momentum trim, including dual-zone automatic climate control, a power front passenger seat, navigation, a universal garage door opener, front parking sensors, and wireless charging.

The contents of the Premium Package come standard on the R-Design and Inscription trims. R-Design also adds a sport-tuned suspension, a sporty appearance package inside and out, 19-inch wheels, Nubuk/Nappa leather front seats, and Nubuk/leatherette rear seats.

The luxurious Inscription trim adds upscale touches like exceptional leather upholstery, driftwood interior trim, unique 18-inch wheels, and even a genuine crystal shift knob. R-Design and Inscription both come with a panoramic moonroof.

An available Advance Package ($1,650 for Momentum, $1,450 for R-Design and Inscription) for all trims adds a 360-degree camera, a 12V power outlet in the cargo area, and the Pilot Assist semi-autonomous driving system with adaptive cruise control.

Some individual options for the XC40 include Harman Kardon premium audio ($800), a power liftgate ($200), Park Assist Pilot ($200), and multiple wheel options.

Engine & Transmission

The Volvo XC40 is powered by a 2.0-liter turbocharged inline-4 engine with two different tunings available. The base T4 powertrain is front-wheel drive (FWD) and produces 187 horsepower. Upgrading to the T5 powertrain significantly boosts performance, adds standard all-wheel drive (AWD), and takes only a modest toll on fuel economy. T5 models only cost $2,000 more than their T4 counterparts, so it’s a worthwhile upgrade for most drivers.

Every XC40 uses an 8-speed automatic transmission.

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


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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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End Date: 04/30/2025
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2022 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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2022 Volvo XC40 Styles

Style
Price
Combined Fuel Economy
Horsepower
Seating
Cargo Capacity
Engine
Towing Capacity
Drivetrain
T4 Momentum Sport Utility 4D
$24,411
26 MPG
187 @ 4700 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
FWD
T5 Momentum Sport Utility 4D
$26,607
25 MPG
248 @ 5500 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
AWD
T5 Inscription Sport Utility 4D
$29,202
25 MPG
248 @ 5500 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
AWD
T4 R-Design Sport Utility 4D
$29,283
26 MPG
187 @ 4700 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
FWD
T4 Inscription Sport Utility 4D
$29,937
26 MPG
187 @ 4700 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
FWD
T5 R-Design Sport Utility 4D
$30,419
25 MPG
248 @ 5500 RPM
5
57.5 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
AWD
See Full Specs for All 2022 Volvo XC40 Styles
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2022 Volvo XC40 Depreciation

A 2022 Volvo XC40 has depreciated $15,162 or 40% in the last 3 years and has a current resale value of $22,508 and trade-in value of $19,398.

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2022 Volvo XC40
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2022 Volvo XC40 Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2022
-
$37,670
$37,670
2023
$4,547
$33,123
$29,687
2024
$9,737
$23,386
$19,894
Now
$878
$22,508
$19,398
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2-Year Forecasted Depreciation

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

2022 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

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
Regular
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

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
  • Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Leather Seats
  • Folding Rear Seat
  • 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
  • Internet Access
  • Push-Button Engine Start
  • Smartphone Interface
  • USB Port
  • Voice Recognition System

2022 Volvo XC40 Safety

2022 Volvo XC40 Safety Technology

Park Assist Pilot

This optional tech feature automatically turns the steering wheel when parallel parking while you work the pedals.

Blind Spot Information System

This standard feature helps you keep an eye on your blind spot, plus it includes steering assist and rear cross-traffic alert with auto braking.

Lane-keeping assist

This standard safety feature helps to keep you safe in your lane.

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

Compare to Similar Vehicles

Used 2022
Volvo XC40
Used 2022
Mercedes-Benz GLA
New 2025
Volvo XC40
Used 2022
BMW X1
See Details
Price
$24,411
$27,430
$41,945
$28,319
KBB.com Rating
4.5
4.8
N/A
4.3
Consumer Rating
4.6
5.0
4.6
4.2
Fuel Economy
City 23/Hwy 32/Comb 26 MPG
City 24/Hwy 34/Comb 28 MPG
City 24/Hwy 30/Comb 26 MPG
City 23/Hwy 31/Comb 26 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
$64,988
N/A
Safety Rating
5.0
N/A
5.0
5.0
Seating Capacity5
N/A
55
Basic Warranty
4 years or 50000 miles
4 years or 50000 miles
4 years or 50000 miles
4 years or 50000 miles
Horsepower
187 @ 4700 RPM
221 @ 5500 RPM
247 @ 5400 RPM
228 @ 5000 RPM
Engine
4-Cyl, 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
AWD
AWD

2022 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

How much is a 2022 Volvo XC40?

The Volvo XC40 has a starting MSRP of $34,100. The top T5 AWD Inscription trim starts at $41,850.

Is the 2022 Volvo XC40 a good SUV?

The Volvo XC40 is a great subcompact luxury SUV with a luxurious, high-tech interior and stellar safety scores.

Where is the 2022 Volvo XC40 made?

Volvo XC40 models sold in the U.S. market are built in Ghent, Belgium.

Is the 2022 Volvo XC40 a good vehicle?

Yes, the 2022 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 2022 Volvo XC40?

2022 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 2022 Volvo XC40 cost?

Used 2022 Volvo XC40 prices currently range from $24,411 for the T4 Momentum Sport Utility 4D to $30,419 for the T5 R-Design 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 2022 Volvo XC40 is the T4 Momentum Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $24,411.

Is the 2022 Volvo XC40 reliable?

The 2022 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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