Vehicle report

2023 Volvo S60

Fair price, market signal, reviews, and common issues — all in one place. Tuned to ZIP 43215 (from your location).

Fair price range

$18,400

$16,000 — $20,750

low confidence

Est. out-the-door

$20,384

$17,810 — $22,904

in Ohio (7.25% tax + fees)

What's shaping this price

  • Age (3 yrs)−$9,562

    13%/yr for midsize

Local market signal · 432xx

Avg days on market

43

from 12 comparable listings

30-day price trend

↓ 4.0%

cooling

Prices for this trim in 432xx are trending down — a buyer's edge right now.

Price over its life

2023 → 2026
$20.8k$23.2k$25.6k$28k$18.4k2023202420252026

Anchored on today's Marketcheck typical price, traced back through segment depreciation to estimate what it cost new.

Next 5 years (forecast)

2026 → 2031
$10.5k$13.1k$15.8k$18.4k$7.8k202620272028202920302031

Projected from today's typical price using the segment's annual depreciation rate, with a small penalty for accumulated mileage. Rough forecast — actual resale value swings with the used-car market.

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Affordability72-month loan · Ohio · 1,000 mi/mo

Potential monthly cost of ownership

Loan + insurance + gas — the three big monthly line items.

Estimated monthly total

Loan + insurance + gas

$553/mo

  • Auto loan

    72 months · 10% down · 7.5% APR (national avg)

    $286/mo

  • Insurance

    Full coverage · Ohio average for midsize cars

    $90/mo

  • Gas

    30 mpg combined · $5.30/gal · 1,000 mi/mo

    $177/mo

Estimated payments — actual rates depend on credit, coverage, and driving.

Long-term ownership costsDepreciation + maintenance over 5 years, assuming 12,000 mi/yr

$13,729over 5 yrs

~$2,746/yr

  • Depreciation

    $9,229

    Segment: midsize

  • Maintenance

    $4,500

    segment ballpark

Depreciation projected from segment averages against today’s typical price; maintenance is an AAA-derived segment ballpark. Loan, insurance, and gas are covered in the Affordability section above.

Safety ratingsOfficial NHTSA crash-test scores + owner complaint volume
  • Overall

    ★★★★★

    5.0 of 5

  • Frontal crash

    ★★★★★

    4.0 of 5

  • Side crash

    ★★★★★

    5.0 of 5

  • Rollover

    ★★★★★

    5.0 of 5

Averaged across 4 tested body/cab configurations (NHTSA scores by variant).

Safety recallsOfficial NHTSA campaigns for this year / make / model6 total
  • ENGINE AND ENGINE COOLING:ENGINE:ENGINE CONTROL MODULE (ECU/ECM)

    Volvo Car USA, LLC (Volvo Car) is recalling certain 2022-2023 S60, V60, S90L, XC60, and XC90 vehicles. An electronic control module (ECM) software error may prevent the combustion engine from starting, causing a loss of drive power.

    22V793000 ·

  • SERVICE BRAKES, HYDRAULIC

    Volvo Car USA, LLC (Volvo Car) is recalling certain 2023 S60, V60, V60CC, V90CC, XC60, XC90, XC40, and C40 vehicles. A diagnostic error in the Brake Control Module 2 (BCM2) may cause a loss of Antilock Brake System (ABS), Electronic Stability Control (ESC), and traction control.

    23V012000 ·

  • ELECTRICAL SYSTEM

    Volvo Car USA, LLC (Volvo Car) is recalling certain 2023 S60, V60CC, XC60, XC90, XC40, and C40 vehicles. A diagnostic trouble code (DTC) may be falsely detected for the emergency call system (e-call) and display "e-Call Service Required" in the driver information module (DIM).

    23V188000 ·

  • AIR BAGS:FRONTAL

    Volvo Car USA, LLC. (Volvo Car) is recalling certain 2019-2024 S60 vehicles. The passenger air bag may not be secured properly, which can cause the air bag to deploy improperly.

    23V780000 ·

  • BACK OVER PREVENTION:SOFTWARE

    Volvo Car USA, LLC (Volvo Car) is recalling certain 2021-2025 XC40, 2022 V90, 2022-2025 S90, V90CC, C40, XC60, 2023-2025 S60, V60, V60CC, XC90, and 2025 EC40 and EX40 vehicles. The rearview camera image may not display when the vehicle is placed in reverse. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111, "Rear Visibility."

    25V282000 · Aug 5, 2025

  • BACK OVER PREVENTION:SOFTWARE

    Volvo Car USA, LLC (Volvo Car) is recalling certain 2021-2025 XC40, 2022 V90, 2022-2024 C40BEV, 2022-2025 S90, V90CC, XC60, 2023-2025 S60, V60, V60CC, XC90, and 2025 EC40, and EX40 vehicles. The rearview camera image may not display when the vehicle is placed in reverse. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 111, "Rear Visibility."

    25V908000 ·

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  • Reviewer summary — what pro reviewers and real owners agree — and disagree — on
  • Common issues to watch for — model-specific problems, ranked by severity, with sources
  • What real buyers paid — actual out-the-door prices extracted from Reddit threads

Ownership economics

Real market data

  • 5-year total cost of ownership — depreciation + fuel + insurance + maintenance, itemized
  • EPA fuel economy — real MPG + annual fuel cost for this trim
  • Safety ratings + recalls — official NHTSA scores and every open campaign

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