Volvo S40
Volvo's S40 was a compact sedan, but it's the second-generation models that attract enthusiasts. Collectors specifically seek the T5 AWD models for their unique turbocharged 5-cylinder engine and rare 6-speed manual transmission.
Volvo S40 sold for a median of $4,650 over the last 12 months, based on 14 auction sales; the middle 50% sold between $1,688 and $6,800. 267 currently for sale.
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272 listed in the past year. The last was today.
Volvo S40 prices by version
| Version | Median sale | Middle 50% | Auction sales |
|---|---|---|---|
| S40 2nd Gen | $4.7k | $1.3k–$7k | 10 |
| S40 1st Gen | $4.7k | $3k–$6.4k | 4 |
Auction sales in the last 12 months; prices leave out salvage and other branded titles.
Volvo S40 prices by year
| Year | Median (3 yrs) | Middle 50% | Sales (3 yrs) | For sale now |
|---|---|---|---|---|
| 2000 | $6k | – | 2 | 5 |
| 2001 | $6.6k | – | 2 | 4 |
| 2002 | $3.5k | – | 2 | 5 |
| 2003 | $5k | – | 2 | 4 |
| 2004 | – | – | 0 | 24 |
| 2005 | $3.9k | $1.3k–$8k | 4 | 20 |
| 2006 | $2.5k | – | 2 | 26 |
| 2007 | $6.6k | – | 2 | 33 |
| 2008 | – | – | 0 | 35 |
| 2009 | $8.3k | – | 2 | 32 |
| 2010 | $8.7k | $4.1k–$9.3k | 5 | 29 |
| 2011 | – | – | 0 | 41 |
Auction sales in the last 3 years; prices leave out salvage and other branded titles.
Listings
Volvo S40 Submodels
The Volvo S40 was the brand's compact sedan offering, built across two distinct generations. The first generation shared its platform with Mitsubishi, but the second generation, introduced for 2004.5, is the one that attracts enthusiasts. Built on Ford's C1 platform, the second-gen S40 offered a unique turbocharged 2.5L 5-cylinder engine, available all-wheel drive, and a 6-speed manual transmission.
Collectors seek out the T5 AWD models, particularly those equipped with the 6-speed manual and the R-Design package. These cars combine Volvo's reputation for safety and unique Scandinavian design with surprising performance, making them an interesting alternative to more common German sport sedans. They're a true sleeper, offering a fun driving experience in a discreet package.
The market for the S40 is still developing, with an average sale price of just over $7,000. While basic models trade for very little, the best manual T5 AWD examples are bringing strong money, with top sales reaching $20,000. It's an affordable entry point for a modern, manual, all-wheel-drive European sedan.
Buying Tips
- The PCV breather system on 5-cylinder models can clog, causing oil leaks and a whistling sound. Check for oil residue around the filler cap.
- The timing belt on the T5 engine is a critical service item, due every 10 years or around 120,000 miles. Lack of records means it needs to be done immediately.
- On AWD models, the DEM (Differential Electronic Module) is a known failure point that can be costly to replace. Ensure the system works and listen for drivetrain noises.
- Sunroof drains frequently clog, causing water to leak into the cabin and potentially damage the Central Electronic Module (CEM) located in the passenger footwell.
Prices for the Volvo S40 range from $1,125 for project cars to $20,000 for exceptional T5 examples.
454 Volvo S40 vehicles have been tracked across auctions and listings on Hypercars, with 267 currently live.
Data sourced from auction results and dealer and private listings, including Bring a Trailer, Cars & Bids, Mecum, RM Sotheby’s and eBay Motors. Updated daily.
Frequently Asked Questions
How much does a Volvo S40 cost?
Over the last 12 months, Volvo S40 sold for a median of $4,650 across 14 auction sales tracked on Hypercars; the middle 50% sold between $1,688 and $6,800. There are 267 currently for sale.
How many Volvo S40 listings are for sale right now?
There are 267 Volvo S40 listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.