Depreciation & used values · SUV
Volvo XC40 depreciation
The Volvo XC40 loses about 32% of its value in its first three years. From a list price of £38,500, a 2023 example with around 26,000 miles on the clock is worth about £18,600 today. The year-by-year table below values every age of XC40 at its typical mileage, from the same model behind its full profile.
How this curve is built — the level is pinned to a researched used-market price for this model (AutoTrader median, 2023 at 30k miles). The curve shape itself is a segment-level model shared with similar cars, not a per-model measurement, so treat the year-on-year pattern as indicative and the anchored year as the firm point.
Value by registration year
What a used XC40 is worth, year by year
Each row values that year's XC40 at its typical mileage (8,596 miles a year). The headline is the midpoint of a private sale and a dealer forecourt price; the range reflects condition and history.
| Reg year | Age | Typical miles | Est. value | Likely range | Of new price |
|---|---|---|---|---|---|
| 2026 | <1 yr | 4,500 | £29,350 | £26,850–£31,850 | 76% |
| 2025 | 1 yr | 8,500 | £21,950 | £20,000–£23,900 | 59% |
| 2024 | 2 yrs | 17,000 | £20,200 | £18,350–£22,100 | 55% |
| 2023 | 3 yrs | 26,000 | £18,600 | £16,750–£20,400 | 52% |
| 2022 | 4 yrs | 34,500 | £17,100 | £15,400–£18,850 | 50% |
| 2021 | 5 yrs | 43,000 | £15,750 | £14,100–£17,400 | 48% |
| 2020 | 6 yrs | 51,500 | £14,500 | £12,950–£16,100 | 46% |
| 2019 | 7 yrs | 60,000 | £13,350 | £11,850–£14,850 | 45% |
| 2018 | 8 yrs | 69,000 | £12,250 | £10,850–£13,700 | 43% |
Values are the Forecourt model's estimate at each age's typical mileage, not offers. For a specific mileage, trim and region, use the full XC40 profile →
The depreciation curve
Share of original value retained by age (to 8 years). The same curve drives the interactive chart on the profile.
Best time to buy or sell
Buy — Past the steep drop — most of the depreciation is behind it
- Loses about 4% a year around 3 years old
- Steepest losses are over by about 3 years
- UK numbers growing (+21.0% year on year)
- Reliability 84/100
XC40 depreciation — quick answers
How much does a Volvo XC40 depreciate?
The Volvo XC40 loses about 32% of its value in the first three years. A 2023 example with around 26,000 miles is worth about £18,600 today.
What is a 2023 Volvo XC40 worth?
A 2023 Volvo XC40 at a typical 26,000 miles is worth about £18,600 — likely between £16,750 and £20,400 depending on condition and history.
When is the best time to buy or sell a Volvo XC40?
Past the steep drop — most of the depreciation is behind it. It loses about 3.9% a year around 3 years old, with the steepest losses over by roughly 3 years.