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Volvo FAQs

Q: Who is Volvo owned by?

A: The Volvo Car Group is owned by Zhejiang Geely Holding (also commonly referred to as Geely Holding), which is based in China. Prior to this, Volvo was owned by the Ford Motor Company from 1999-2010.

Q: Is Volvo a luxury brand?

A: While Volvo wasn't launched as a luxury vehicle brand, it is safe to say that within the past decade or so, Volvo has evolved to become known as a luxury car maker by the cars they now offer for sale.

Q: Do Volvos use Ford engines?

A: When Volvo was briefly owned by the Ford Motor Company in the early 2000s, some Volvo models (including the V70 and S80) were manufactured with Ford engines. However, Volvo began using its own in-house scalable platform architecture (SPA) engines in 2013.

Q: What does the Volvo logo mean?

A: While many people associate the Volvo logo with the male gender symbol, it is actually believed that the logo was created to represent an ancient symbol for the chemical element iron. In ancient times, most weapons in Sweden (where Volvo got its start) were made of metal—so the logo is meant to be associated with the characteristics of iron, including longevity and strength.

About Volvo

Founded in 1927, Volvo is an automaker based in Gothenburg, Sweden. While the brand had relatively humble beginnings, Volvo has claimed its stake as a luxury brand in recent years. Volvo currently offers a wide range of sedans, hatchbacks, crossovers, and SUVs for sale in the North American market, with popular models including the S60 sedan, the C70 convertible, and the XC90 SUV.

The Volvo S60 is a luxury sedan that offers spacious seating for up to five people; in its 2018 model year, its base T5 Dynamic trim is offered with standard equipment such as a turbocharged 2.0L engine at 240 hp, a sunroof, forward-collision warning/mitigation, and even Wi-Fi capability. The 2018 S60 is also available with optional all-wheel drive, though front-wheel drive is standard on most trims.

Those with a need for more space would do well to check out the Volvo XC90, a midsize crossover SUV that is available for sale in both two- and three-row configurations to seat anywhere from five to seven passengers. Standard equipment on the 2017 XC90 includes a turbocharged 2.0L engine at 250 hp, a panoramic sunroof, premium vinyl upholstery, 10-speaker sound system, and roof rails. As with many Volvo models, all-wheel drive is optional and front-wheel drive is standard on most trims.

The 2017 Volvo XC90 also comes in a plug-in hybrid version, which boasts a supercharged 2.0L engine at 316 hp and an electric motor for a combined output of 400 hp; it gets an EPA-estimated 54 MPGe combined.1

From its modest beginnings in the 1920s to the powerhouse it has become today, Volvo has come a long way over the years. There's no doubt that today's Volvo cars are synonymous with luxury, power, and style.

1Range figures are based on EPA estimates for when vehicle sold as new. Range will vary based on things like battery age, vehicle condition, and driving conditions. Battery range may decrease with time and use. Unless specified, figures are for vehicles equipped with an automatic transmission. See

Unless otherwise noted, information relating to these featured vehicles comes from third-party sources, including manufacturer information. Product and company names may be trademarks™ or registered® trademarks of third-party entities. Use of them does not imply any affiliation with or endorsement by these entities.

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Volvo customer ratings

5 Stars167
4 Stars45
3 Stars7
2 Stars2
1 Star6

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CarMax rankings for Volvo

Volvo reliability rating (by RepairPal)

Above Average
RepairPal gave Volvo an overall reliability rating of 3.5 out of 5 stars, which RepairPal describes as Above Average. This rating ranks Volvo 24th out of 32 among all car brands. This rating is based on an average across all the vehicles RepairPal considered in its dataset.
  • Cost RepairPal reports that the average total annual cost for repairs and maintenance on all Volvo models is $529, compared to an average of $543 across all the models RepairPal considered in its dataset. This includes both scheduled maintenance and unscheduled repairs.
  • Frequency According to RepairPal, Volvo owners bring their vehicles into a repair shop for unscheduled repairs an average of 1.9 times per year, compared to an average of 1.2 times across all the models RepairPal considered in its dataset.
  • Severity RepairPal reported that the probability of a repair being a severe or major issue is 8% across all Volvo models, compared to an average of 11% for all the models RepairPal considered in its dataset.

**RepairPal Reliability Ratings are based on the actual cost, frequency, and severity of unscheduled repairs and maintenance on make/model data for select 2006-2020 vehicles. The reliability of a specific vehicle may vary depending on its maintenance and driving history, model year, trim, and features. RepairPal Reliability Ratings are provided by RepairPal and CarMax is not responsible for their accuracy. These ratings are based on RepairPal Reliability data as of 09/01/2021. Learn more about RepairPal reliability ratings

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