Pricing has crept up across two of Volvo’s best-selling model lines - the XC40 small SUV and the XC90 large SUV.
The Swedish carmaker’s Australian arm has confirmed the price increase and said it was due to a combination of specification changes and logistics issues that are currently impacting most automakers.
The XC40 price increase has only impacted the internal combustion models, so the Recharge plug-in hybrid remains at $66,990 before on-road costs and the Recharge electric stays at $72,990 for the single motor and $79,990 for the dual motor.
But the entry-level front-wheel drive (FWD) T4 Momentum is up by $1000 to $48,490 and the all-wheel drive (AWD) T4 Inscription has increased by $1500 to $54,490.
These two variants are powered by a 140kW/300Nm 2.0-litre four-cylinder turbocharged petrol engine, paired with an eight-speed automatic transmission.
The XC40 T5 R-Design AWD is also up by $1500 to $58,490. That variant uses an uprated version of the 2.0-litre turbo, outputting 185kW/350Nm.
Despite the price increase, the XC40 remains competitive against rivals in the premium small SUV segment like the BMW X1 that starts at $47,900, the Audi Q3 from $53,000 and the Jaguar E-Pace from $69,000. But the Lexus US is the price leader in the segment, starting from $44,445.
At the other end of Volvo’s SUV line-up, all versions of the XC90 large SUV have gone up by $1500 apiece, except the Recharge plug-in hybrid that has increased by $2000.
It is now priced from $88,490 for the B5 Momentum AWD, $98,490 for the B5 R-Design AWD and $100,490 for the B6 R-Design AWD.
The B5 uses a 183kW/350Nm 2.0-litre turbocharged mild hybrid, while the B6 gets an output bump to 220kW/420Nm.
The Recharge PHEV is now $118,990 and gains bigger electric motors and a drop in fuel use from 2.3 litres per 100 kilometres to 1.8L/100km.
XC90 sales have dropped by 56.4 per cent in the first four months of 2022, with just 248 finding homes. That’s off the pace of the BMW X5 (913), Mercedes-Benz GLE (703), Lexus RX (564) and Audi Q7 (401).
2022 Volvo XC40 pricing before on-road costs
Variant | Transmission | Cost |
T4 Momentum FWD | Automatic | $48,490 (+$1000) |
T4 Inscription AWD | Automatic | $54,490 (+$1500) |
T5 R-Design AWD | Automatic | $58,490 (+$1500) |
Recharge PHEV | Automatic | $66,990 |
Recharge EV single motor | Automatic | $72,990 |
Recharge EV dual motor | Automatic | $79,990 |
2022 Volvo XC90 pricing before on-road costs
Variant | Transmission | Cost |
B5 Momentum AWD | Automatic | $88,490 (+$1500) |
B6 Inscription AWD | Automatic | $98,490 (+$1500) |
B6 R-Design AWD | Automatic | $100,490 (+$1500) |
Recharge PHEV | Automatic | $118,990 (+$2000) |
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