The second-generation Volvo S60, built on the P3 platform, marked a significant design evolution for the brand. Launched for the 2011 model year, it abandoned boxy proportions for a sleek, coupe-like profile aimed at competitors like the Audi A4 and BMW 3 Series. Drivetrain options were plentiful, ranging from the workhorse T5 inline-5 to the potent T6 inline-6, and later, the efficient Drive-E 4-cylinder engines. All-wheel drive was a popular option, enhancing its all-weather capability.
For collectors, the conversation begins and ends with the Polestar models. Introduced in 2015, these limited-production halo cars were Volvo's factory-backed answer to BMW M and Mercedes-AMG. Early S60 Polestars featured a 345 hp turbocharged inline-6, while 2017-2018 models received a 362 hp twin-charged 4-cylinder. With Öhlins dampers, Brembo brakes, and unique styling, they offer a compelling mix of performance and Swedish sensibility.
The market for the second-gen S60 is sharply divided. The vast majority of sales are for standard T5 and T6 models, which trade as affordable and reliable used cars, reflected in the low average sale price. The rare Polestar variants, however, command significant premiums and represent the top of the market. These cars have a dedicated following and are the only versions with legitimate collectibility and potential for appreciation.
Buying Tips
- Pay close attention to early 2015-2016.5 Drive-E 4-cylinder engines, as some suffered from excessive oil consumption due to piston ring issues. The older 5-cylinder and 6-cylinder engines are generally considered more robust.
- On all-wheel-drive models, check for service records indicating Haldex fluid and filter changes, which are crucial for the system's longevity.
- When inspecting a Polestar model, verify the condition and functionality of the manually adjustable Öhlins dampers. They are a key feature but are very expensive to replace.
- Test the Sensus infotainment system thoroughly. Early versions can be slow to respond and prone to glitches, though software updates may have improved performance.
- The Aisin-Warner automatic transmissions are durable, but jerky shifting can indicate old fluid or, in rarer cases, a failing valve body. A test drive from a cold start is recommended.
Prices range from as little as $515 for high-mileage or project cars to $54,900 for top-spec, low-mileage Polestar editions.
998 Volvo S60 2nd Gen vehicles have been tracked across auctions and listings on Hypercars, with 690 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
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