Volvo Depreciation: Do They Hold Their Value?


in Car Costs and Prices
Maroon Volvo
Source: Pixabay

Luxury car brands tend to lose value quickly due to their high initial purchase prices and expensive maintenance needs, making older models less appealing. Additionally, changes in market trends and consumer preferences can affect demand and perceived value, leading to even faster depreciation rates. Despite their exclusivity and advanced technology, luxury cars may not retain value over time.

Is the same case with Volvos? Do Volvos hold their value?

Volvo is widely appreciated for its strong focus on safety, innovative safety technology, sturdy build quality, subtle Scandinavian design, and commitment to environmental sustainability. However, although Volvo has made remarkable advancements in styling and technology, its record of retaining value could be more consistent.

Today, we talk about Volvo’s resale values and depreciation. Do Volvos retain their value over time? Which models have the best and worst resale values? Let’s find out!

Do Volvos Hold Their Value? 

While Volvos are appreciated for their safety and advancements in styling and technology in recent years, they have a mixed record in terms of holding their value. Reselling a Volvo can sometimes be a challenging experience, which is why many families choose to pass their Volvo on to their college-aged children.

So, do Volvos hold their value? Not really. Volvo cars do not hold their value well. While some top models are competitive in the resale value front, lower-end models in the rankings have average or slightly above-average retention.

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To get a good grasp of Volvo’s resale value and retention, you need to understand its status in the used car market. For this purpose, we used the Copilot Price Pulse Tool to gain valuable insights regarding Volvo’s performance trends:

Resale Value Stability

Based on the information provided by the Price Pulse tool, the average selling price of used Volvos is $33,583, which is much higher than the expected price of $29,287. This trend indicates that consumers consider Volvo a strong brand, and the high demand and price for used Volvos suggests that they are viewed as desirable and reliable cars. Volvo’s reputation for safety, quality, and modern technology plays a vital role in creating this positive brand perception.

The price premium of $4,296 that Volvos is commanding suggests a strong demand for these vehicles. This could be due to various factors, including brand loyalty, the perceived longevity and durability of Volvo cars, and a limited supply of specific models in the used car market. Furthermore, the stability in the 30-day price trend and the slight increase in the 90-day trend indicate that the demand for used Volvos is consistent, with a potential for gradual increase over time.

ARE VOLVOS RELIABLE?

Are Volvos reliable? We’re going to break down the Volvo car brand and determine its reliability, discuss the most and least reliable models, and pinpoint its common issues.

Comparison with Peak Prices

The highest price for used Volvos was $39,414, but now they cost $5,831 less. This price change might be due to things like changing consumer preferences, new Volvo models coming out, or economic changes. However, since used Volvos are still selling for much more than initially expected, it shows that they are still considered valuable in the used car market.

Implications for Buyers and Sellers

If you’re considering buying a used car, a Volvo might be a wise choice because they usually keep their value pretty well. And if you’re selling a Volvo, you’re in luck because they’re in demand and sell for reasonable prices, so you might get more money back than you expect.

Do Volvos hold their value? Volvo’s strong showing in the used car market can be attributed to its strong brand, high-quality vehicles, and favorable market conditions. According to the data, Volvos are holding their value well, which makes them an attractive option for both buyers and sellers in the used car market.

For more comprehensive insights data points, we highly recommend using the PricePulse Used Car Price Tracker and Trends tool​​, which offers a detailed overview of Volvo’s market trends and resale values.

Which Volvo Cars Have the Best and Worst Resale Value?

Not all Volvo models are created equal in terms of resale value. iSeeCars has made a great breakdown of all Volvo models and their corresponding 5-year resale value. Below are the best and worst Volvo models when it comes to resale value:

Best Volvo Models in Resale Value

  • Volvo XC90 (51.1% 5-year resale value): It’s not exactly the best luxury SUV in the segment, but the XC90 deserves a spot in your garage. As such, the Volvo XC90 leads the pack with an impressive ability to retain over half its value after five years.
  • Volvo XC40 (51% 5-year resale value): The XC40 is a well-rounded subcompact SUV with a spacious interior and refined powertrain options. With that said, the Volvo XC40 showcases nearly identical value retention as the XC90.
  • Volvo V90 Cross Country (47.9% 5-year resale value): The Volvo V90 Cross Country shows that station wagons haven’t gone out of style yet. It offers a cargo-friendly body style, an upscale interior, and a striking exterior design. After five years, the V90 Cross Country ranks third in resale value, holding onto nearly 48% of its original value.

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Worst Volvo Models in Resale Value

  • Volvo S90 (Plug-in Hybrid) (33.8% 5-year resale value): The S90 is a PHEV that offers top-tier seat comfort, impressive cabin materials, and excellent plug-in power and range. However, the plug-in hybrid version of the S90 has the lowest resale value among Volvo’s lineup, retaining only about a third of its original price.
  • Volvo S90 (40.35% 5-year resale value): The standard Volvo S90 fares better than its hybrid counterpart but still ranks low regarding value retention.
  • Volvo S60 (42.98% 5-year resale value): Like many Volvo sedans, the S60 has wonderfully comfortable seats on top of its beautiful Scandinavian exterior design and wealth of desirable standard features. Unfortunately, it ranked at the bottom when it comes to value retention.

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