2023 Volvo XC40 Ultimate

Overview

• Make: Volvo
• Model: XC40
• Trim: Ultimate
• Version: Recharge Twin Ultimate Auto 4WD 5dr (402 bhp)
• Year: 2023
• Mileage: 22,504 miles
• Fuel: Electric
• Body: SUV, 5 doors, 5 seats
• Engine: 402 bhp
• Gearbox: Automatic
• Drive: Four-wheel drive
• Colour: Silver
• CO2: 0 g/km
• Emissions standard: Euro 6, ULEZ compliant

About this car

At 22,504 miles, this 2023 Volvo XC40 Ultimate has covered about 4,200 fewer miles than other 2023 Volvo XC40 cars. The AskCar estimate for this car is £28,914. It is priced at £29,500, which is £586 above that estimate. To work out the AskCar estimate, we analyse UK dealer adverts for 4,464 Volvo XC40 cars across different ages and specifications. The dealer may accept less. This car has been on sale for at least 72 days, and its asking price is down £1,450. We checked its advertised mileage against the government's MOT record, and they match. The seller is TMS Volvo Leicester, based in Leicester. How to contact the dealer and its opening hours are on this AskCar page.

Stock data as of 2 November 2026.

How we estimate prices and check cars

Price

Fair price: £586 (2%) over the AskCar estimate of £28,914.

The AskCar estimate is our expected asking price for this car. It uses UK dealer asking prices, accounting for make, model, trim, version, age, mileage, fuel, gearbox, body type, driven wheels, engine size and power. It is an advertised price, not a confirmed sale price.

It draws on 4,464 priced Volvo XC40 adverts across different ages and specifications, as of 2 November 2026.

Time on sale

The dealer may accept less. This 2023 Volvo XC40 has been on sale for at least 72 days, and its asking price has been cut by £1,450. About half of 2023 Volvo XC40 cars are gone from sale within a month of being advertised: 761 of the 1,441 first advertised between 7 July 2026 and 29 September 2026.

Price history

AskCar first saw this advert on 22 August 2026 at £30,950. Its asking price is now £29,500, £1,450 less. The latest price cut was seen on 14 October 2026.

Price changes recorded:

• 22 August 2026: £30,950
• 6 September 2026: £30,850
• 20 September 2026: £30,650
• 22 September 2026: £30,500
• 25 September 2026: £29,950
• 1 October 2026: £29,750
• 14 October 2026: £29,500

Mileage and MOT

MOT, from the government's MOT records (DVSA, the Driver and Vehicle Standards Agency), as of 2 November 2026: valid until 24 April 2027.

It failed its MOT on 31 March 2026 (offside front outer tyre has a lump, caused by separation or partial failure of its structure) and passed later the same day.

There were no advisories at the latest test.

Mileage at that test: 21,364 miles, which matches the advertised 22,504 miles.

Advertised mileage is about 4,200 miles lower than the median mileage of a 2023 Volvo XC40 on AskCar.

Similar cars

73 other 2023 Volvo XC40 Ultimate automatic SUVs are for sale at UK dealers, from £16,990 to £32,500, as of 2 November 2026.

The 3 closest to this car in mileage:

• 2023 Volvo XC40 Ultimate, SUV, black. Mileage: 22,454 miles. Price: £27,995, £1,505 less than this car. Dealer: Ray Chapman Motors. AskCar page: https://askcar.co.uk/car/volvo-xc40-2023-330c3bf9544f
• 2023 Volvo XC40 Ultimate, SUV, blue. Mileage: 22,200 miles. Price: £31,100, £1,600 more than this car. Dealer: EV Experts Surrey in Guildford. AskCar page: https://askcar.co.uk/car/volvo-xc40-2023-4d7a5aec1043
• 2023 Volvo XC40 Ultimate, SUV, black. Mileage: 23,210 miles. Price: £28,498, £1,002 less than this car. Dealer: Arnold Clark Oldbury Fiat / Motorstore / Jeep / Abarth / BYD in Oldbury. AskCar page: https://askcar.co.uk/car/volvo-xc40-2023-ac1179f5d9e8

• The nearest: 2023 Volvo XC40 Ultimate, SUV, blue, 16 miles from this car. Mileage: 23,523 miles. Price: £28,800, £700 less than this car. Dealer: TMS Volvo Hinckley in Hinckley. AskCar page: https://askcar.co.uk/car/volvo-xc40-2023-0e810e16038b