Volvo S60 1st Gen

The first-generation Volvo S60, built on the P2 platform, debuted for the 2001 model year and represented a significant stylistic shift from the brand's boxy past. It offered a range of 5-cylinder engines, from naturally aspirated versions to potent turbocharged T5 models. The S60 brought new levels of comfort and safety to the segment, wrapped in a sleek, modern package that still looks good today.

The S60 R, introduced in 2004, is the model collectors seek. It featured a 300 hp 2.5L inline-5, Haldex all-wheel drive, and an advanced electronically adjustable Öhlins/Tenneco "Four-C" suspension. Paired with a 6-speed manual or 5-speed automatic, it was a credible Swedish alternative to German performance sedans. The unique interior, with its available "Atacama" leather and quirky "spaceball" manual shifter, makes it stand out.

The market for the S60 is split. Most non-R models are treated as inexpensive used cars, reflected in the average sale price of around $6,105. However, the S60 R is a true emerging classic. Excellent, low-mileage manual examples command top dollar, reaching up to $25,000, while project cars can be found for much less. Condition and maintenance history are everything with these cars.

Prices range from $250 for parts cars to $25,000 for pristine, low-mileage S60 R examples.