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Volvo has an excellent selection of SUV models to choose from this year. One of the more popular midsize SUVs on the market is the Volvo XC60 mild hybrid model. What does the 2023 luxury SUV model offer, and how much will it cost you to get it fully loaded at its top trim level?

What does the Volvo XC60 offer for 2023?

The 2023 Volvo XC60 is a family-oriented midsize SUV with a mild hybrid powertrain (the Recharge plug-in hybrid variant is also available). It’s powered by a few different hybrid engine/motor setups. First, the B5, which includes a 2.0-liter 4-cylinder paired with a 48-volt hybrid system, produces 247 horsepower and 258 lb-ft of torque. It will come in either a front-wheel or all-wheel drive variant. You can also get the B6 system, which includes the same hybrid system as the B5, but a supercharger is added to boost power to 455 hp. 

The B5 setup can achieve anywhere from 5.9 to 6.6 seconds for a 0 to 60-mph run, depending on which hybrid system you choose. As for fuel economy, you can expect 22 mpg in the city and 28 mpg on the highway for the FWD powertrains. For the AWD, it drops to 21 mpg on city roads and 27 mpg when traveling on the highway, according to Volvo.

The three trim levels the XC60 comes with include the Core, Plus, and Ultimate. Each one gives you the choice of whether you want a Dark or Bright theme (for vehicle colors). The Core starts at $44,745. Upgrading to the Plus version will cost you $48,995 to start, while the Ultimate has a price tag of $54,795.

How much does a fully loaded 2023 Volvo XC60 cost?

To calculate how much a fully loaded 2023 Volvo XC60 will cost, we’ll need to start with the Ultimate trim, which is the highest version available for the mild hybrid variant. Adding the more expensive B6 powertrain for AWD will increase the price by $5,550. Other additional accessories and packages include:

  • Onyx Black exterior paint – $695
  • 22-inch five-double spoke matte black diamond cut alloy wheels – $1,475
  • Bower & Wilkins Premium Sound system – $3,200
  • Four-corner air suspension – $1,800 (only available with the Ultimate trim)
  • Load bars – $390
  • Integrated running boards – $1,580
  • Foldable trailer hitch – $1,655 (without hitch ball)
  • Polestar Engineered Optimisation – $1,400 (software to improve vehicle agility)
  • Luggage cover – $345
  • Power-operated tailgate – $200
  • Climate Pro – $750 (heated steering wheel, headlamp cleaners, etc.)
  • Protection Package Premier – $750 (wheel locks, rubber floor mats, first aid kit, etc.)

All accessories and packages used here come to a total of $14,240. With the necessary adjustments, the total of a fully loaded 2023 Volvo XC60 is $74,385, which includes a $1,095 destination fee. 

What XC60 trim is the best value?

If the value is important to you, the fully loaded version of the XC60 isn’t going to be a good choice, at least for your wallet. While the features offer lots of conveniences, most people probably wouldn’t need all of them with their purchase. 

Instead, you might want to consider the Plus trim, which comes with all the Core’s features and adds a 360-degree camera system, leather upholstery, and front and rear parking sensors, according to Car and Driver. The price will only go up by about $4,000 more, which isn’t bad with all the standard features you’ll get with the upgraded model. With this version, you’ll choose between the B5 hybrid setup for front or all-wheel drive. 

If you want the most you can get for a smaller price, the Ultimate is still a good choice if you don’t add all the accessories. Standard equipment includes front seat ventilation, a Graphical Head-Up display, a four-zone climate system, and a crystal gear selector, to name a few. Add Volvo’s B6 AWD powertrain, and you’re good to go. 

Related How Much Does a Fully Loaded 2022 Volvo XC60 Cost?

How Much Does a Fully Loaded 2022 Volvo XC60 Cost?