2023 Volvo XC60 Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback

The 2022 Volvo XC60 is a key player in the small luxury SUV segment. This Swedish model’s spacious second-row seating and superb interior quality help it to stack up well against the competition. Modern powertrains also promote a pleasing performance. To make the new XC60 a more confidence-inspiring family vehicle, Volvo equips every trim with impactful safety features. Yet another highlight is the SUV’s tasteful exterior styling.

What’s New for 2022?

New powertrains have arrived, which are paired with a mild-hybrid system. Technology lovers will especially enjoy Volvo’s latest Google-powered infotainment system. Meanwhile, an updated front fascia further distinguishes the new XC60 from last year’s model.

What Styles Does It Come In?

Volvo’s small SUV is designed to haul up to five passengers. While trims equipped with the base engine feature standard front-wheel drive, an AWD system is optional. Meanwhile, hybrid-powered models all use an AWD system.

What Are the Available Trims?

The base Momentum trim should get a lot of consideration. It packs enough upscale features to satisfy luxury car shoppers. This trim’s only real downgrade is its cloth upholstery. While dual-zone automatic climate control and a panoramic sunroof come standard, opting for all-wheel drive brings heard front seats. Volvo’s new Google-powered infotainment system features a 9.0-inch vertical touchscreen. Other standard equipment includes a wireless phone charger, Apple CarPlay/Android Auto, a 10-speaker audio system, and digital gauges.

There are some options offered on the entry-level Momentum trim. Drivers who live in cold regions may want the available Climate package, which adds a heated steering wheel and rear-seat heating. For music lovers who desire a more high-quality soundtrack, Volvo offers a 14-speaker Harman Kardon premium stereo system. A few of the other optional upgrades include leather upholstery, a head-up display, and a 360-degree parking camera.

The R-Design trim looks a bit sportier. It also brings four-zone automatic temperature control and heated front sport seats. Nappa leather upholstery makes this trim more appealing. Buyers will also receive the previously mentioned Harman Kardon audio system. An even more powerful Bowers & Wilkins premium audio system with 15 speakers is optional.

Volvo’s Inscription trim only feels a tad more luxurious. However, it does feature enhanced seat padding and ventilated front seats. Wood inlays give the cabin an elegant touch.

In terms of sheer performance, the Polestar Engineered stands apart from the rest of the lineup. Aside from its more potent powertrain, it also receives special suspension dampers and high-grade brakes. Volvo’s top-of-the-line Bowers & Wilkins premium audio system comes standard.

The XC60’s Exterior Styling

Many people are fans of this SUV’s clean, sophisticated styling. The XC60’s new facelift makes it look even sharper than before. Volvo’s signature “Thor’s Hammer” LED headlights are a big attraction.

Every trim features stylish exterior treatments. However, black exterior details and optional 21-inch wheels give the XC60 R-Design a sportier look. Chrome exterior treatments set apart the Inscription trim. Equipped with yellow brake calipers and exclusive wheels, the Polestar Engineered has the lineup’s raciest appearance.

Driving Experience

Assisted by a mild-hybrid system, the XC60’s new turbo four-cylinder engine puts out 247 horsepower. With a 0-60 mph time of 6.0 seconds, this crossover definitely offers a competitive level of performance. While the optional engine is similar, a supercharger boosts output to 295 horsepower. Meanwhile, Volvo rates the Recharge model’s plug-in hybrid powertrain to develop 400 horsepower. Buyers who choose the Polestar Engineered model will have access to an exciting 455 horsepower.

Unlike some of its German competitors, the XC60 does not drive like a sports sedan. Nonetheless, it handles well in virtually all conditions. In terms of ride quality, this SUV ranks among the segment leaders. While the XC60 isn’t built for hardcore off-roading, it can take you down a muddy trail.

Fuel Economy

Fuel economy has slightly improved for the 2022 model year. Trims equipped with the SUV’s new base engine have a rating of 23 mpg town/30 mpg freeway. Meanwhile, upgrading to the supercharged engine results in a rating of 21 mpg town/27 mpg freeway. Although the Recharge’s plug-in hybrid powertrain isn’t noticeably more efficient, its electric driving mode allows you to travel up to 19 miles on battery power alone.

Quality and Comfort

In terms of overall comfort, the XC60 stacks up well against the competition. Its seats are arguably the plushiest in the segment. This SUV is also quite roomy in the rear, which is a big plus for families. Top-notch build quality makes the XC60 an even better option.

Safety

When it comes to engineering safe automobiles, few automakers have a better reputation than Volvo. The new XC60 receives a coveted Top Safety Pick+ rating from the IIHS. Volvo also equips every new XC60 with confidence-elevating safety technologies, including automated emergency braking with pedestrian sensing and active lane-keeping. An optional Pilot Assist system combines adaptive cruise control and steering assistance.

Set aside some time to go test drive the new 2022 Volvo XC60. This SUV’s upgraded powertrains, refreshed styling, and updated infotainment system promise to impress.

Note: All Volvo XC60 MSRP, invoice and dealer cost dollar figures above are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.