2024 Volvo XC40
Priced from $40,100 to $48,800 across 6 trims, the 2024 Volvo XC40 is a SUV that we have evaluated using data from six independent sources: EPA, NHTSA, IIHS, RepairPal, AAA, and the manufacturer. What follows is every verifiable data point we could find.
The 2024 Volvo XC40 carries a 5-star NHTSA safety rating, a fuel cost grade of D among mid-range SUVs, and a RepairPal reliability score of 3.0/5. NHTSA has 4 recall campaigns on file, more than the 1.8 average for SUVs.
What the published data indicates
Compared with similar SUVs in our dataset, the clearest positive signals for the 2024 Volvo XC40 are high published crash-test results and lower estimated five-year cost, with lower estimated maintenance costs, but fuel cost is a weak spot.
- safety
- estimated 5-year cost
- maintenance cost
Strongest published signals
- Safety: 5-star NHTSA. Safest SUVs 2024 →
- Best estimated five-year cost in the lineup is about $5,755 below the similar-vehicle average.
- AAA estimates $1,491/yr in maintenance for the Compact SUV (Hybrid) class, below the $1,786 average for conventional vehicles.
Limits and cautions
- Fuel cost is a real drawback here: Above-average fuel cost among hybrid SUVs. Cheapest SUVs to fuel 2024 →
- There are 4 recalls on file, above the current SUVs average. Zero-recall cars 2024 →
- Reliability is not a standout here: RepairPal 3.0/5.
Comparable models
- Starting MSRP
- $40,100 - $48,800
- EPA Combined MPG
- 26 MPG
- NHTSA Safety Rating
- 5-Star (Highest)
- Est. Annual Fuel Cost
- $2,250/yr
- Recalls on File
- 4 recalls on file
- EPA: vs Avg Vehicle
- $3,500 more over 5 yrs
- Owner Complaints
- 20 on file
- Brand Origin
- Sweden
How Safe Is the 2024 Volvo XC40?
The 2024 Volvo XC40 earned the highest possible 5-star overall safety rating from NHTSA. Among SUVs, 82% have earned this top score. Ratings are based on frontal crash, side crash, and rollover resistance tests on production vehicles. Source: NHTSA.
Overall Safety
82% of SUVs share this top rating
| Category | Rating |
|---|---|
| Frontal Crash | |
| Side Crash | |
| Rollover |
Rollover Risk: 16.4%
| Feature | Availability |
|---|---|
| Forward Collision Warning | Standard |
| Lane Departure Warning | Standard |
| Crash Imminent Braking | Standard |
| Dynamic Brake Support | Standard |
NHTSA and IIHS test vehicles independently using different crash scenarios. Together, they provide the most complete picture of a vehicle's crashworthiness.
How Did the 2024 Volvo XC40 Perform in IIHS Crash Tests?
IIHS has tested the 2024 Volvo XC40 but did not award a Top Safety Pick designation. Individual test ratings are shown below. IIHS tests complement NHTSA ratings by evaluating different crash scenarios. Source: IIHS.
| Test | Rating |
|---|---|
| Small Overlap Front | G Good |
| Moderate Overlap Front | G Good |
| Side | A Acceptable |
| Seat Belt Reminders | G Good |
IIHS vehicle class: Small SUVs
Beyond crash test performance, the recall record shows whether the manufacturer has identified and addressed any safety-related defects after the vehicle went on sale.
Does the 2024 Volvo XC40 Have Any Recalls?
With 4 recall campaigns on file, the 2024 Volvo XC40 exceeds the 1.8 average for SUVs. Affected components include BACK OVER PREVENTION:SOFTWARE, ELECTRICAL SYSTEM:SOFTWARE, SERVICE BRAKES, SERVICE BRAKES, HYDRAULIC:POWER ASSIST:ELECTRIC:CONTROL MODULE:SOFTWARE. Note that more recalls can indicate more proactive defect identification. All recall repairs are free. Source: NHTSA.
4 recall campaigns on file with NHTSA.
Components: BACK OVER PREVENTION:SOFTWARE, ELECTRICAL SYSTEM:SOFTWARE, SERVICE BRAKES, SERVICE BRAKES, HYDRAULIC:POWER ASSIST:ELECTRIC:CONTROL MODULE:SOFTWARE
Most recent: December 2025
Units affected: 889,587
Owner-Reported Problems
NHTSA has 20 owner complaints on file for the 2024 Volvo XC40. This is below the average of 54 complaints for 2024 SUVs. Owner complaints are self-reported and unverified, but patterns across many reports can indicate real issues.
3 in the last 90 days · 11 in the last 12 months · most recent filed 2026-02-16
Safety-relevant complaints: At least one complaint includes crash reported, injury reported. Review individual reports on NHTSA.gov for details.
Most-reported problem areas
- ADAS / Safety Tech9
- Brakes6
- Electrical4
- Powertrain2
- Airbags1
Source: NHTSA Vehicle Complaints Database. Data last refreshed 2026-03-07.
With the safety picture established, the next question is cost. Fuel is typically the largest variable expense for most drivers.
What Is the 2024 Volvo XC40 Fuel Economy?
The 2024 Volvo XC40 achieves up to 26 combined MPG according to EPA testing, with an estimated annual fuel cost of $2,250. That is $542 more per year than the $1,708 average for mid-range SUVs. EPA estimates are based on standardized laboratory tests. Source: EPA (fueleconomy.gov).
| Trim | Combined | City | Highway | Annual Fuel Cost |
|---|---|---|---|---|
| B5 Core Bright | 26 MPG | 24 | 30 | $2,250/yr |
| B5 Core Dark | 26 MPG | 24 | 30 | $2,250/yr |
| B5 Plus Dark | 26 MPG | 24 | 30 | $2,250/yr |
| B5 Plus Bright | 26 MPG | 24 | 30 | $2,250/yr |
| B5 Ultimate Dark | 26 MPG | 24 | 30 | $2,250/yr |
| B5 Ultimate Bright | 26 MPG | 24 | 30 | $2,250/yr |
Fuel is only one part of the ownership cost equation. AAA estimates the full picture: insurance, maintenance, depreciation, and financing.
What Does the 2024 Volvo XC40 Cost to Own?
Estimated 5-year total ownership cost for the 2024 Volvo XC40 ranges from $86,985 to $95,685 depending on trim, based on AAA's Your Driving Costs study for the Compact SUV (Hybrid) class. This includes insurance, maintenance, depreciation, registration, and financing. These are class averages, not specific to this model. Source: AAA.
| Maintenance | $1,491/yr |
|---|---|
| Insurance | $1,771/yr |
| Depreciation | $3,865/yr |
| Registration & Taxes | $779/yr |
| Financing | $1,086/yr |
| Total (excluding fuel) | $10,340/yr |
Total cost varies significantly by trim. The table below breaks down each trim so you can see exactly where your money goes.
How Do the 2024 Volvo XC40 Trims Compare?
The 2024 Volvo XC40 is available in 6 trims, with base prices ranging from $40,100 to $48,800. All trims use a Hybrid powertrain. The table below compares key specifications and costs across all available trims. Prices shown are manufacturer's suggested retail price (MSRP) and do not include destination charges, dealer fees, taxes, or incentives.
| Trim | Base MSRP | Est. 5-Year Cost |
|---|---|---|
| B5 Core Bright | $40,100 | $86,985 |
| B5 Core Dark | $40,100 | $86,985 |
| B5 Plus Dark | $45,000 | $91,885 |
| B5 Plus Bright | $45,000 | $91,885 |
| B5 Ultimate Dark | $48,800 | $95,685 |
| B5 Ultimate Bright | $48,800 | $95,685 |
View full trim timeline (2024–2026)
| Trim | 2024 | 2025 | 2026 |
|---|---|---|---|
| B5 Core Bright | $40,100 26 MPG | $40,650 26 MPG | — |
| B5 Plus Dark | $45,000 26 MPG | $45,500 26 MPG | — |
| B5 Plus Bright | $45,000 26 MPG | $45,500 26 MPG | — |
Compare Trim Costs
Select two trims and adjust your driving and financing to see how monthly costs compare. Only costs we can compute from EPA data and your inputs are shown. No estimates, no guesses.
Your driving & financing
Choosing a trim is also about long-term dependability. The section below shows the third-party reliability rating available for this model.
How Reliable Is the 2024 Volvo XC40?
RepairPal rates the 2024 Volvo XC40 at 3.0 out of 5.0 for reliability, which is about average for mid-range SUVs. RepairPal ratings reflect repair frequency and cost data from a network of certified repair shops. Source: RepairPal.
The manufacturer's warranty provides a baseline of coverage. Here is what Volvo includes.
What Warranty Does the 2024 Volvo XC40 Come With?
Volvo provides the following warranty coverage for the 2024 XC40. Warranty terms are published by the manufacturer and apply to all trims. Coverage begins from the date of original purchase. Warranty terms shown here reflect the most recently published manufacturer data.
| Basic Warranty | 4yr/50k |
|---|---|
| Powertrain Warranty | 4yr/50k |
| Corrosion Warranty | 12yr/unlimited |
| Roadside Assistance | 4yr/unlimited |
| Complimentary Maintenance | 3yr/36k |
What Are the 2024 Volvo XC40 Specs?
Detailed specifications for the 2024 Volvo XC40 as reported by the manufacturer. Specifications may vary by trim, market, and production date. Source: manufacturer-reported data.
| Engine | 2L I4 |
|---|---|
| Horsepower | 247 hp |
| Torque | 258 lb-ft |
| Transmission | 8-speed shiftable automatic |
| Drive Type | All-Wheel Drive |
| Fuel Type | premium unleaded (recommended) |
| Fuel Tank | 14.2 gal |
| Length | 174.2 in |
|---|---|
| Width | 73.3 in |
| Height | 65.3 in |
| Wheelbase | 106.4 in |
| Curb Weight | 3,806 lbs |
This page reflects the most recently published data from EPA, NHTSA, IIHS, AAA, manufacturers, and selected third-party references for the 2024 Volvo XC40. When source agencies release updates, this page regenerates automatically. Our methodology page explains how data is collected, verified, and presented.
2024 Volvo XC40 FAQ
How does the 2024 Volvo XC40 compare to other suvs?
Based on published data, the 2024 Volvo XC40 has a safety grade of B, a fuel cost grade of D, and a RepairPal reliability score of 3.0/5. These grades compare it against similar suvs in its price range. No single metric tells the whole story, so we recommend reviewing each section on this page. See our Safest SUVs 2024 list.
Which 2024 Volvo XC40 trim has the lowest ownership cost?
Among 6 available trims, the B5 Core Dark has the lowest estimated five-year ownership cost at $86,985, starting at $40,100 MSRP. The most expensive trim to own is about $95,685. See the full trim comparison table above for a side-by-side breakdown.
How much does 2024 Volvo XC40 insurance cost?
AAA estimates the annual insurance cost for the Compact SUV (Hybrid) class at $1,771 per year, or about $148 per month. This is a class-level average, not specific to the 2024 Volvo XC40. Your actual premium will depend on your driving history, location, and coverage choices. Source: AAA Your Driving Costs study.
How much does 2024 Volvo XC40 maintenance cost per year?
AAA estimates average annual maintenance for the Compact SUV (Hybrid) class at $1,491 per year. This covers routine services, wear items, and unscheduled repairs. Combined with insurance ($1,771/yr) and depreciation ($3,865/yr), total non-fuel ownership costs run about $10,340 per year. These are class averages from the AAA Your Driving Costs study.
How fast does a 2024 Volvo XC40 depreciate?
AAA estimates the Compact SUV (Hybrid) class depreciates about $3,865 per year, or roughly $19,325 over five years. On a base MSRP of $40,100, that represents about 48% of the purchase price. These are class averages and actual depreciation varies by trim, condition, mileage, and market demand. Source: AAA.
How much will I spend on gas with a 2024 Volvo XC40?
The most efficient 2024 Volvo XC40 trim costs an estimated $2,250 per year in fuel, or about $188 per month, based on EPA ratings and national average fuel prices. That is about $542 more than the average for similar suvs. See our Cheapest SUVs to fuel 2024 list.
What vehicles compete with the 2024 Volvo XC40?
Based on price range, body type, and segment positioning, the closest competitors to the 2024 Volvo XC40 include 2024 Volkswagen ID.4, 2024 BMW X1, and 2024 Dodge Durango. Each of those pages includes the same safety, fuel cost, reliability, and recall data so you can compare directly. Browse all 2024 SUVs.
How much does a 2024 Volvo XC40 cost per month to own?
Excluding your car payment, estimated monthly costs for the 2024 Volvo XC40 include about $862 for insurance, maintenance, depreciation, and fees, plus roughly $188 for fuel. That puts non-payment running costs around $1,050 per month. These are estimates based on AAA class averages and EPA fuel data. Actual costs depend on your driving, location, and coverage.
Is the 2024 Volvo XC40 a hybrid?
Yes, the entire 2024 Volvo XC40 lineup uses a hybrid powertrain across all 6 trims. The most efficient trim has an estimated annual fuel cost of $2,250. Hybrid powertrains combine a gas engine with an electric motor for improved fuel efficiency.
Is the 2024 Volvo XC40 safe for families?
The 2024 Volvo XC40 earned NHTSA's highest 5-star overall safety rating, which evaluates frontal crash, side crash, and rollover resistance. A 5-star rating does not guarantee safety in every situation but indicates strong performance in standardized crash tests. See our Safest SUVs 2024 list.
Compare to Similar Vehicles
Other Model Years
Data on this page is compiled from government agencies and independent research organizations. It is provided for informational purposes only and does not constitute financial, purchasing, or safety advice. Verify all data with the original source before making decisions.