Are New Volvos Reliable? What Every Potential Buyer Needs to Know

Are new Volvos reliable? This question often arises when considering a new Volvo car. Given the brand’s storied history and commitment to safety and innovation, this query holds particular importance. Understanding Volvo’s reliability can help potential buyers make informed decisions. This article will explore what potential buyers need to know about Volvo cars’ reliability.

The Legacy of Volvo

Volvo’s journey began in 1927 in Gothenburg, Sweden. Over the decades, it has become synonymous with safety and luxury. After entering the U.S. market in 1940, Ford acquired Volvo in 1999, and later by the Chinese company Geely Group in 2010. Despite these changes, Volvo has consistently maintained its reputation for producing eco-friendly, safety-focused vehicles.

Are New Volvos Reliable? 5 Factors Contributing to Their Reliability

1. Cost of Ownership

Owning a Volvo involves several financial considerations. For instance, the 2022 Volvo S90 and 2022 XC90 have a five-year cost of ownership of $64,230 and $63,511, respectively. These costs are competitive within the luxury segment and comparable to the Lincoln Nautilus and Acura MDX models. Meanwhile, the smaller 2023 Volvo XC40 costs $51,103 over five years, positioning it between the Buick Encore and Audi Q3. Additionally, Volvo offers a 12-year, unlimited-mile corrosion warranty, underscoring its commitment to long-term reliability.

2. Safety

Volvo’s dedication to safety is legendary. In 1959, the brand introduced the three-point safety belt, a groundbreaking innovation. Today, models like the 2023 S60 and XC90 earn top safety ratings from the NHTSA and IIHS. The XC90 and XC60, in particular, are frequent recipients of the IIHS Top Safety Pick+ award, reflecting Volvo’s continued emphasis on safety in its design and engineering.

3. Fuel Efficiency

Volvo excels in fuel efficiency, particularly with its hybrid and electric models. The 2023 C40 Recharge, for example, boasts an impressive 87 MPGe combined, while the S60 and V60 hybrid models achieve 74 MPGe. Even larger models like the XC90 offer respectable efficiency, with a combined 58 MPGe. While gas-powered Volvos may not lead in fuel economy, they remain competitive within their segments.

4. Average Repair Costs

Volvo has a reliability rating of 3.5 out of 5, ranking 17th out of 32 car brands. A Volvo’s average annual repair cost is $769, slightly higher than the average across all car segments. Volvo vehicles visit the shop 0.5 times annually, with a 9% chance of severe repairs. These figures place Volvo in the middle range, comparable to other European luxury brands but generally more affordable to maintain than brands like BMW and Mercedes-Benz.

5. Dependability

Volvo’s focus on mechanical and electrical reliability has earned it accolades from organizations like J.D. Power, which recognized the brand for significantly improving customer complaints. Additionally, the Volvo XC40 has been highlighted by Kelley Blue Book as one of the best luxury electric SUVs for 2023 and 2024. This recognition underscores Volvo’s dedication to producing dependable vehicles that balance performance and comfort.

What Are the Common Volvo Problems?

Excessive Oil Usage

Volvos are known for higher-than-average oil consumption, which can lead to engine damage if not monitored regularly. Ensuring the oil level is maintained can prevent severe issues.

Transmission Failure

Older models, such as the 2001 V70 and 2005 XC90, experienced significant transmission problems. While newer models show fewer issues, it’s crucial to be aware of this history when considering a used Volvo.

Cooling Fan Issues

The XC60, in particular, has faced problems with radiator cooling fans. These issues often stem from faulty sensors or electrical problems, leading to overheating if not addressed promptly.

Electrical Issues

Luxury vehicles often feature advanced technology, and Volvo is no exception. Electrical issues, ranging from minor sensor malfunctions to more complex problems, are not uncommon. Ensuring regular maintenance and addressing any electrical concerns promptly can mitigate these risks.

Reliable Volvo Models

Several Volvo models consistently rank high in reliability. The S60, V60, V70, XC40, XC60, and XC90 are all noted for their durability and quality. These models often feature hybrid powertrains, advanced safety features, and superior build quality, making them excellent choices for reliability-conscious buyers.