Volvo XC40 depreciation: value by age
Value kept after 3 years
62%
- Loses 38% in 3 years.
- 2023 B4 Core FWD. New: $37,445. Now: $23,400.
- Median SUV at 3 years: 63% kept.
- Value now: KBB fair price.
| Model year | Age | Trim | Original MSRP | Value now | Source | Kept | Lost | Lost per year |
|---|---|---|---|---|---|---|---|---|
| 2024 | 2 | B5 Core Bright Theme AWD | $41,495 | $27,600 | KBB fair price | 67% | $13,895 | $6,948 |
| 2023 | 3 | B4 Core FWD | $37,445 | $23,400 | KBB fair price | 62% | $14,045 | $4,682 |
| 2022 | 4 | T4 Momentum FWD | $37,670 | $23,500 | KBB fair price | 62% | $14,170 | $3,543 |
| 2021 | 5 | T4 Momentum FWD | $36,270 | $19,900 | KBB fair price | 55% | $16,370 | $3,274 |
| 2020 | 6 | T4 Momentum FWD | $36,170 | $19,100 | KBB fair price | 53% | $17,070 | $2,845 |
| 2019 | 7 | T4 Momentum FWD | $35,395 | $16,800 | KBB fair price | 47% | $18,595 | $2,656 |
- Biggest drop
- New to age 2: $6,948 a year.
- Values as of
- October 2026
KBB resale value by year
| Model year | 2023 | 2024 | 2025 | 2026 | 2027 KBB forecast | 2028 KBB forecast |
|---|---|---|---|---|---|---|
| 2024 | N/A | $41,495 | $26,437 | $24,700 | $20,630 | $17,118 |
| 2023 | $37,445 | $28,249 | $25,472 | $22,100 | $18,619 | $15,737 |
| 2022 | $30,466 | $25,190 | $21,492 | $21,900 | $19,600 | $17,173 |
| 2021 | $25,745 | $20,487 | $16,985 | $18,850 | $16,120 | $13,890 |
| 2020 | $22,332 | $17,225 | $15,740 | $18,000 | $15,625 | $13,630 |
| 2019 | $20,762 | $15,292 | $13,218 | $15,450 | $13,401 | $11,676 |
KBB resale values. 2027 and 2028 are KBB forecasts.
What this cannot tell you
Values as of October 2026. KBB and CarGurus national figures.
Mileage and condition change the value.
- 2 or more sources
- 1 source
- Model-level, rule or estimate