See Why the 2024 Volvo is the Choice for Subcompact Luxury

The 2024 Volvo lineup showcases innovation, luxury, and sustainability with models featuring electrified powertrains. To help you get a better idea of the prices of popular volvo 2024 models, we’ve done some market research.

Electrification Across the Board

In 2024, every Volvo model available in the U.S. will feature an electrified powertrain. This includes mild hybrids, plug-in hybrids (PHEVs), and fully electric vehicles (EVs), catering to a variety of needs and preferences among luxury car buyers. Notably, the XC40 and C40 models have introduced new fully electric and extended-range versions that emphasize both performance and efficiency​.

Innovative Features and Design

The Volvo XC40 and C40, available in Recharge (EV) models, offer features like advanced infotainment systems, premium interior materials, and distinctive design elements that align with Volvo’s Scandinavian aesthetic. Special editions such as the Black Edition bring exclusive styling updates, particularly to the XC60, enhancing its appeal with unique design touches like high gloss black details and specialized alloy wheels​.

Model Highlights and Pricing

  • Volvo XC40: Starts at $40,100 for the B5 AWD Core model, with the Recharge versions beginning at $52,450. It combines practicality with a range of powertrain options to suit different driving needs.
  • Volvo XC90: This larger SUV starts at $57,195, with the Recharge variant priced at $73,095, offering luxurious space and advanced technology for a refined driving experience.
  • Volvo S60 & S90: These sedans start at $43,095 and $58,795, respectively. The S90 Recharge, a plug-in hybrid, is available from $66,745, designed for performance and efficiency with a sophisticated touch.
  • Volvo V60 & V90: Both offer unique attributes in the wagon segment, with prices starting around $50,000, featuring robust engines and dynamic driving capabilities​​.

Cost-effective Models From The 2024 Volvo Range

  1. Volvo XC40 B5 AWD Core
    • Price: Starting at $40,100​.
    • Design Core: The XC40 B5 AWD Core model is designed to offer a balance of performance and practicality. It features a mild-hybrid powertrain that enhances fuel efficiency without sacrificing the drive experience. The exterior boasts a compact yet robust design, suitable for both city driving and occasional off-road adventures.
  2. Volvo XC40 Recharge Single Motor Extended Range RWD, Core
    • Price: Starting at $52,450​.
    • Design Core: This model is part of Volvo’s Recharge line, which focuses on electric vehicles. It features a single motor extended range setup, aimed at providing a more accessible price point for those entering the EV market. The design maintains the characteristic Volvo safety and luxury, but with an environmentally friendly twist.
  3. Volvo S60
    • Price: Starting at $43,095.
    • Design Core: The S60 is a stylish entry-level luxury sedan that provides a comfortable, refined driving experience. It combines a 247-hp, 2.0-liter turbocharged four-cylinder engine with sleek Scandinavian design elements that emphasize minimalism and functionality.

Tips On Obtaining A New Volvo At A More Accessible Price

Budget-Friendly Volvo Models for Different Price Ranges

  1. Under $45,000
    • Volvo XC40 B5 AWD Core
      • Price: Approximately $40,100.
      • Performance: Features a 2.0-liter turbocharged engine in a mild-hybrid setup, providing a balanced combination of power and fuel efficiency.
      • Ideal For: Buyers looking for a compact SUV that offers luxury, safety, and relatively low fuel consumption.
  2. $45,000 to $55,000
    • Volvo XC40 Recharge Single Motor Extended Range RWD, Core
      • Price: Approximately $52,450​​.
      • Performance: This electric model offers a single motor with extended range capabilities, suitable for daily commuting without frequent charging.
      • Ideal For: Eco-conscious buyers interested in transitioning to electric vehicles without compromising on style and functionality.
  3. $55,000 to $65,000
    • Volvo S60 Recharge
      • Price: Starting at $53,045​​.
      • Performance: Combines a turbocharged engine with a plug-in hybrid system, offering high performance and the option to drive on electric power alone for short distances.
      • Ideal For: Sedan enthusiasts seeking a mix of luxury, performance, and environmental friendliness.

Practical Tips for Purchasing a New Volvo on a Budget

  • Seasonal Promotions: Volvo often offers special promotions during certain times of the year, such as end-of-year sales events or new model year introductions. These promotions can significantly reduce the cost of a new vehicle.
  • Dealer Incentives: Keep an eye on local dealerships for exclusive offers. Dealers may provide special financing rates, cash-back offers, or discounts on specific models to attract buyers.
  • Trade-ins: Consider trading in your current vehicle. Volvo dealerships may offer competitive trade-in values, which can be a substantial contribution towards the down payment of a new car.
  • Financing Options: Explore various financing options. Volvo Financial Services often provides attractive leasing and financing deals that feature lower interest rates or favorable terms.
  • Government Rebates: For electric models like the Volvo XC40 Recharge, check for federal or state tax incentives that can reduce the overall purchase price.