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2024 Volvo XC60
#8 Best Luxury Compact SUVs of 2024

2024 Volvo XC60

4.4
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3.7
rating
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2025
2024
Fuel Economy
25 - 28 combined mpg
Horsepower
247 - 455 hp
Seating
5
Cargo Volume
63.3 cu ft
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2024 Volvo XC60 Review

Russ Heaps

By Russ Heaps

Updated January 30, 2025

Russ Heaps has produced automotive content for newspapers, magazines, and websites since 1987. Knight-Ridder recognized his contributions in founding and supplying content for the stand-alone auto section in the Boca Raton News with a Knight-Ridder Excellence award nomination in 1990. He began contributing advice and other automotive-related content to Cox Automotive as a contractor in 2010. Cox Automotive brought Russ on board as Senior Editor, Advice for Kelley Blue Book in 2022. Previously, he contributed financial and automotive content for Bankrate.com. He was also managing editor for Auto World and NOPI Street Performance Compact magazines for four years. His work has appeared in the Washington Times, the Miami Herald, the Palm Beach Post, and a host of other newspapers on a syndicated basis. Russ also has a deep background in travel as the supervising producer for the syndicated television series Discover America where he also wrote scripts and field-produced episodes. Additionally, he authored travel stories for AAA of the Carolinas Magazine. He graduated Wittenberg University with a degree in Political Science. His passions are friends, cars, bourbon, and the Pittsburgh Steelers.

Pros

  • Strong safety ratings
  • Vibrant interior
  • Standard all-wheel drive

Cons

  • One of the older entries in the segment

What's New?

  • AWD only
  • B6 powertrain eliminated

The 2024 Volvo XC60 compact luxury SUV has European elegance in a handsome wrapper yet provides an alternative to the usual German choices. Pricing starts at $47,645.

For those searching for a European alternative to German hardware, the 2024 Volvo XC60 is the go-to. Its handsome exterior and elegant, modern interior belies its no-nonsense approach to safety and performance. Both powertrains include an electrified component, reinforcing Volvo’s commitment to an all-electric future. The cabin is exceedingly comfortable and loaded with technology. It’s about midpack in overall length among its rivals, meaning it’s well suited to urban conditions. But it’s also smooth as silk cruising on the highway. In other words, it’s a well-balanced 5-passenger luxury SUV.

What's New for 2024

Volvo eliminated the B6 powertrain as well as the front-wheel drive versions of the B5 models. Consequently, the XC60 is only available with AWD.

2024 Volvo XC60 Pricing

The 2024 Volvo XC60 has a starting sticker price of $47,645, with the range-topping XC60 T8 Polestar Engineered kicking off at $76,445. But Kelley Blue Book Fair Purchase Pricing currently suggests paying $3,769 to $6,083 less than MSRP, depending on trim and equipment. These prices are updated weekly.

MSRP
KBB Fair Purchase Price (national avg.)
$47,645
$43,376
$52,145
$47,691
$57,595
$52,670
$58,695
$54,926
$59,095
$53,936
$63,595
$58,526
$69,045
$62,962
$70,145
$64,961
$76,445
$71,300

Before buying the Volvo XC60, check the Kelley Blue Book Fair Purchase Price to know what you should really pay. Although a couple of others in the segment have a higher residual value, like the Lexus NX and Buick Envision, the Volvo XC60 maintains a higher-than-average residual value. For example, it’s higher than the Acura RDX, the Audi Q5, and the BMW X3.

Power, Ride, And Handling

Volvo has assigned two powertrains to the XC60. Both are influenced to some degree by electricity. The base setup is a 247-horsepower turbocharged 4-cylinder engine that funnels its output to all four wheels via an 8-speed automatic transmission.

Although the B5 doesn’t have the zing of rivals like the Genesis GV70 (300 horsepower) or the Lincoln Corsair (280 horsepower), its power output is about average for the segment. It certainly provides the XC60 with appropriate muscle for a small luxury SUV. Volvo tells us B5 versions can gallop to 60 mph from a standstill in 6.9 seconds, which is also about average for the segment.

Stepping up to the XC60 Recharge plug-in hybrid doesn’t only deliver 35 miles of all-electric driving range, it also drops the 0-60 mph sprint to a scalding 4.5 seconds. We’ve also found the interplay of the gas engine, electric motor, and regenerative braking very well sorted.

The ride quality is tuned primarily for comfort and composure rather than for any handling heroics. The most expensive Ultimate trim also offers the option of an adaptive air suspension. We are cheerleaders for the XC60’s comfy, predictable ride quality.

We’ve spent hundreds of hours driving and evaluating this generation of compact luxury SUVs, including the Volvo XC60.

Fuel Economy

The B5 versions deliver 25 mpg in combined driving (22 city, 28 highway). Not surprisingly, the Recharge PHEV delivers better mileage. It’s rated for 35 miles on electricity alone, and once the electrons run out and it begins operating as a typical gas-electric hybrid, mileage is 28 mpg combined (28 city, 28 highway). Using a Level 2 charger, topping off the battery will take less than five hours.

More XC60 fuel economy information is available on the EPA’s website.

Modern Cabin

Occupant space is more than sufficient for most people. Rear legroom is a healthy 38 inches, which is about average for the segment. The cargo area goes from 21.6 behind the rear seat to 49.8 cubic feet with the rear seat folded. That also applies to the XC60 Recharge versions, even with their extra plug-in hybrid hardware. This is a little below average for the segment but is still quite good.

In the Core trim, the seating surfaces are simulated leather. The real stuff — leather — comes higher up the pecking order.

One interesting thing, though, is that Volvo offers City Weave fabric in Core models. It’s wool, which sounds like the last thing anyone in Arizona (or similarly hot places) would want, but it’s hard-wearing and retains a pleasant temperature no matter what the weather is doing.

Then there are the usual touches typical of Volvo, like the wonderfully comfortable front seats, the optional booster cushions for the rear seats, and the crystal glass gearshift knob in the Ultimate trim.

The quality of materials is top-notch. Just run a finger along the super-smooth Driftwood inlays (available from the Plus trim), and it’s hard to believe that sandpaper comes in such a fine grade.

Compelling Exterior

In addition to the key trim levels for the XC60 lineup, Volvo provides a choice of chrome or black exterior accent elements for the Plus and Ultimate versions. The good news is there’s no difference in price between Bright and Dark.

The Polestar Engineered model wears 21-inch alloy wheels as standard. Available colors range from black to gray to white. The rest of the lineup has a broader choice.

Our Favorite Features And Tech

Google/Android Infotainment System
Before we go on, Apple CarPlay is also standard in the 2024 XC60. But this is an up-to-date system, favoring apps like Google Maps. Users with a Google account can sign in and sync their calendars. It’s also capable of over-the-air updates.

Surround-View Camera System
When maneuvering in tight spots, this system shows the driver a complete view around the vehicle, as if shot from a drone. Parking sensors, front and rear, add another layer of reassurance. Standard in the two upper trims.

Pilot Assist
Not a hands-free driving feature, but Pilot Assist provides steering assistance with the adaptive cruise control to lessen some of the grind of long journeys. Standard from the Plus trim level.

Front Seat Cushion Extensions
Yes, the regular front seats are great. But extra under-thigh support is always welcome, especially for taller types. These are standard in the Ultimate trim.

Adaptive Air Suspension
It’s an exclusive option with the Ultimate trim and provides superb settings at both ends of the comfort-sport spectrum.

Bowers & Wilkins Audio
The Ultimate trim has an excellent Harman Kardon setup standard. But this optional 15-speaker/1,400-watt surround-sound system costs $3,200 and is one of the finest available in the segment.

Engine & Transmission

Volvo arms XC60 models with a turbocharged 4-cylinder engine. More affordable B5 trims mesh it with a mild hybrid (MHEV) electric system that operates some electrical components. This frees the engine to devote all its power to the wheels by way of an 8-speed automatic transmission. The much pricier XC60 Recharge trims pair the turbo-4 with a plug-in battery-powered electric motor (PHEV) system. This allows the XC60 Recharge versions to operate on electric power only for up to 35 miles.

Hybrid Fuel Savings

If you drive 15,000 miles per year, filling the B5 engine will cost you roughly $220 per month (according to EPA calculations at the time of writing). Covering the same amount of miles with the XC60 Recharge will cost about $130 per month. Saving $90 per month won’t cover the price premium of the XC60 Recharge, but perhaps it’s a nice little cherry on top of the big increase in performance.

4-Year/50,000-Mile Warranty

Volvo issues the same warranty coverage as most of its European luxury rivals. The bumper-to-bumper limited warranty lasts four years or 50,000 miles, whichever comes first. The powertrain coverage is the same. Moreover, Volvo provides complimentary scheduled maintenance for three years or 36,000 miles. XC60 Recharge models have their battery covered for eight years or 100,000 miles.

Safety Ratings

National Highway Traffic Safety Administration (NHTSA) rated the XC60 and XC60 Recharge with its highest overall score of 5 stars. Because of a new testing protocol, the Insurance Institute for Highway Safety (IIHS) is still testing the 2024 XC60 and XC60 Recharge. IIHS named both to its elite Top Safety Pick+ winners for 2022. Among the standard advanced safety technologies are blind-spot monitoring with steering assist, rear cross-traffic alert with automatic braking, lane-departure warning, lane-keeping assist, and automatic emergency braking with pedestrian and cyclist detection.


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2024 Volvo XC60
KBB.com Consumer Reviews

3.7
Consumer Rating
Based on 86 Consumer Reviews
Write a Review
55%Recommend this vehicle
5
44%
5
44%
4
20%
4
20%
3
12%
3
12%
2
9%
2
9%
1
15%
1
15%
Value
3.6
Performance
4.1
Quality
3.7
Comfort
4.4
Reliability
3.6
Styling
4.5

Trending Topics in KBB.com Consumer Reviews

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2024 Volvo XC60 Styles

Style
Price
Combined Fuel Economy
EV Range
Horsepower
Seating
Cargo Capacity
Engine
Towing Capacity
0-60
B5 Core Dark Theme
$43,433
25 MPG
36 - 36 miles
247 @ 5400 RPM
5
63.3 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
6.5 seconds
B5 Plus Dark Theme
$47,754
25 MPG
36 - 36 miles
247 @ 5400 RPM
5
63.3 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
6.5 seconds
B5 Ultimate Dark Theme
$52,739
25 MPG
36 - 36 miles
247 @ 5400 RPM
5
63.3 cu ft
4-Cyl, Turbo, 2.0 Liter
3500 lbs
6.5 seconds
B5 Ultimate Black Edition
$54,721
25 MPG
36 - 36 miles
247 @ 5400 RPM
5
63.3 cu ft
4-Cyl, Turbo, 2.0 Liter
N/A
6.5 seconds
T8 Recharge Core Dark Theme
$53,983
28 MPG
36 - 36 miles
455 @ 6000 RPM
5
63.3 cu ft
4-Cyl, Hybrid, Turbo, 2.0 Liter
3500 lbs
4.5 seconds
T8 Recharge Plus Dark Theme
$58,501
28 MPG
36 - 36 miles
455 @ 6000 RPM
5
63.3 cu ft
4-Cyl, Hybrid, Turbo, 2.0 Liter
3500 lbs
4.5 seconds
T8 Recharge Ultimate Dark Theme
$63,072
28 MPG
36 - 36 miles
455 @ 6000 RPM
5
63.3 cu ft
4-Cyl, Hybrid, Turbo, 2.0 Liter
3500 lbs
4.5 seconds
T8 Recharge Ultimate Black Edition
$64,708
28 MPG
36 - 36 miles
455 @ 6000 RPM
5
63.3 cu ft
4-Cyl, Hybrid, Turbo, 2.0 Liter
N/A
4.5 seconds
T8 Polestar Engineered
$71,300
28 MPG
36 - 36 miles
455 @ 6000 RPM
5
63.3 cu ft
4-Cyl, Hybrid, Turbo, 2.0 Liter
N/A
N/A
See Full Specs for All 2024 Volvo XC60 Styles
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2024 Volvo XC60 Cost to Own

$67,656
A 2024 Volvo XC60 has a 5-year cost-to-own of $67,656. After 5 years a 2024 XC60 will depreciate $29,053 and have a residual value of $18,592. During this time out-of-pocket expenses are expected to total $38,603.
Personalize your 5-Year Cost to Own data by logging in.
Average Costs

The 2024 Volvo XC60 is in the middle 26-75% for Cost to Own among all Luxury Compact SUV/Crossovers.

2024 Volvo XC60 5-Year Depreciation: $29,053
2024 Volvo XC60
Compare up to 3 vehicles by logging in.
5-Year Out of Pocket Expenses:$38,603
See New Car Incentives
Fuel:
$9,152
Insurance:
$15,840
Financing:
$5,392
State Fees:
$3,239
Maintenance:
$3,272
Repairs:
$1,708
Total: $38,603
See New Car Incentives
2024 Volvo XC60 Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).
5-Year Depreciation:$29,053
5-Year Out of Pocket Expenses:$38,603

5-Year Cost To Own$67,656
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Specifications

Dimensions, Weights & Capacities

Curb Weight
4154 lbs.
Fuel Capacity
18.8 gallons
Front Head Room
38.0 inches
Front Leg Room
41.5 inches
Max Seating Capacity
5
Minimum Ground Clearance
8.5 inches
Overall Length
185.4 inches
Front Shoulder Room
58.2 inches
Towing Capacity, Maximum
3500 lbs.
Trunk or Cargo Capacity
63.3 cu.ft.
Turning Diameter
37.4 feet
Wheel Base
112.8 inches
Width with mirrors
83.3 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

Fuel Economy

City
22 mpg
Highway
28 mpg
Combined
25 mpg

Mechanical

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

Performance

Horsepower
247 @ 5400 RPM
Torque
258 @ 1800 rpm
Engine
4-Cyl, Turbo, 2.0 Liter
0 to 60
6.5 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

  • 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
  • Proximity Sensing Keyless Entry
  • Push-Button Engine Start
  • Smartphone Interface
  • USB Port

2024 Volvo XC60 Safety

2024 Volvo XC60 Safety Technology

2023 features shown. 2024 may differ.

Forward collision warning

Standard in every new XC60 luxury compact SUV, this system includes automatic emergency braking, plus pedestrian and cyclist detection.

Blind Spot Information System (BLIS)

Also known as blind-spot monitoring, this is another standard feature is joined by cross-traffic alert, steering assistance, and automatic emergency braking.

Oncoming Lane Mitigation

If it looks like the XC60 is about to cross over the dividing line, this standard feature activates enough steering correction to get this Swedish SUV back in its own 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

New 2024
Volvo XC60
Used 2024
Mercedes-Benz GLC
New 2024
Lexus NX
New 2024
Mercedes-Benz GLB
See Details
Price
$47,645
$40,436
$45,255
$45,700
KBB.com Rating
4.4
4.7
4.5
4.3
Consumer Rating
3.7
5.0
4.6
4.2
Fuel Economy
City 22/Hwy 28/Comb 25 MPG
City 26/Hwy 33/Comb 29 MPG
City 25/Hwy 32/Comb 28 MPG
City 25/Hwy 33/Comb 28 MPG
Fuel Type
Gas
N/A
N/A
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).
$67,656
N/A
$64,421
$62,608
Safety Rating
5.0
N/A
N/A
N/A
Seating Capacity5557
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
255 HP
203 @ 6600 RPM
221 @ 5500 RPM
Engine
4-Cyl, Turbo, 2.0 Liter
4-Cyl, MHEV, Turbo, 2.0 Liter
4-Cyl, 2.5 Liter
4-Cyl, Turbo, 2.0 Liter
Drivetrain
AWD
RWD
AWD
FWD

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FAQs

Is the 2024 Volvo XC60 a good buy?

The 2024 Volvo XC60 is a good buy for most Luxury Compact SUV/Crossover shoppers. It gets strong ratings from our experts and most buyers are paying less than sticker price.

How much should a 2024 Volvo XC60 cost?

A 2024 Volvo XC60 should cost between $43,376 and $71,300 according to Kelley Blue Book Fair Purchase Pricing.

What's the cheapest Volvo XC60?

The cheapest 2024 Volvo XC60 is the B5 Core Dark Theme, with a starting sticker price of $47,645 and a Kelley Blue Book Fair Purchase Price of $43,376.

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