Volvo Car Australia today announced the pricing for its XC40 compact luxury SUV ahead of the official Australian launch in April.

The arrival of the XC40 means that for the first time in its history, Volvo Cars has three new, globally available SUVs in what is the fastest growing segment of the automotive market, paving the way for further growth in terms of sales and profitability.

The launch of XC40 marks two historic firsts for Volvo. It is the first ever Volvo to be built on the Swedish brand's new Compact Modular Architecture (CMA). It is also the first model to be available with Volvo Cars' new 3-cylinder engine.

Nick Connor, Managing Director of Volvo Car Australia, said: "SUVs continue to be very popular with Australian car buyers, and the compact SUV segment is also growing rapidly. In such a competitive market you need to stand out from the crowd." We are confident that with its very distinctive look and competitive pricing the XC40 will make an immediate impact with buyers who are looking for something very different from the cookie-cutter models in the compact luxury SUV segment today."

"The XC40 exterior has an athletic sculpture with a subtle, timeless quality. The interior is a masterful composition of well-resolved architecture, beautiful materials and the very latest technology. These technologies will make the XC40 one of the best equipped compact luxury SUV's on the Australian market."

"There is also lots of storage space in the doors, underneath the front seats, and in the cargo compartment."

"XC40 is a proper SUV and is the perfect car for an active Australian lifestyle. It perfectly complements our already award-winning SUV line-up."

The XC40 is Volvo's first car on its new Compact Modular Architecture (CMA) and includes a range of ground-breaking technologies first introduced on its 90 and 60 Series siblings based on Volvo's larger Scalable Product Architecture (SPA).

Volvo's approach to safety and user experience builds on a philosophy it calls Circle of Life: a constant improvement of standards and technologies, based on consumer insights and real life data.

Safety and driver assistance features offered on the XC40 include Volvo's semiautonomous Pilot Assist system, the latest generation of City Safety, Run-off Road protection and mitigation, Cross Traffic Alert with auto brake and the 360° Camera that helps drivers manoeuvre their car into tight parking spaces. These and other technologies
make the XC40 one of the best equipped compact luxury SUVs.

Whilst the XC40 is more compact that its XC90 and XC60 siblings, at 1863mm wide and 1652mm tall it is still larger than most of its competitors in the segment.

XC40 arrives onto the Australian shores, having recently been awarded European Car of the Year 2018.

Performance

At launch the XC40 comes with two powertrains. The petrol-powered T5 delivers 185 kW and 350Nm of torque. The diesel driven D4 offers 140kW and 400Nm of torque.

All Volvo XC40 variants have the latest Drive-E engine technology.

However, it is not just under the hood that the XC40 delivers healthy performance. The new Clean Zone two-zone climate system removes harmful pollutants and particles from outside the cabin to deliver Scandinavian-fresh air on the inside.

Volvo Cars' driver infotainment system (Sensus) with smartphone integration for both Apple CarPlay and Android Auto is also available.

The Volvo XC40 will be available in two variants - Momentum and the sporty and dynamic R-Design.

Australian Pricing

To celebrate the introduction of the first ever XC40 a limited number of the Launch Edition vehicles is available.

Specification for the Momentum Launch Edition (over and above the Momentum variant);

+ Sunroof
+ LED headlights with Active Bending Lights
+ Adaptive Cruise Control with Pilot Assist
+ Harmon Kardon Premium Sound
+ Tinted Windows
+ Heated front seats
+ Power foldable headrest & backrest
+ 19" 5 spoke Black Diamond Cut Alloy Wheels
+ 360 degree camera
+ Mechanical cushion extension
+ Park Assist Pilot
+ Keyless Entry and Electric tailgate
+ Electric front passenger seat
+ High interior illumination
+ Alarm
+ Leather Upholstery

Total Value of Options: $10,120

XC40 T5 Momentum Launch Edition $52,990
XC40 D4 Momentum Launch Edition $55,990

Specification for the R-Design Launch Edition (over and above the R-Design variant);

+ Sunroof
+ Tinted Windows
+ Alarm
+ Heated front Seats
+ Power foldable headrest & backrest
+ Adaptive Cruise Control with Pilot Assist
+ Alarm
+ Park Asist Pilot
+ 360 degree camera
+ Harmon Kardon Premium Sound

Total Value of Options: $6,670

XC40 T5 R-Design Launch Edition $56,740
XC40 D4 R-Design Launch Edition $59,740

For more details about the Volvo XC40 visit;
https://www.volvocars.com/au/cars/new-models/xc40

Volvo Car Group in 2016
For the 2016 financial year, Volvo Car Group recorded an operating profit of 11,014 MSEK (6,620 MSEK in 2015). Revenue over the period amounted to 180,672 MSEK (164,043 MSEK). For the full year 2016, global sales reached record 534,332 cars, an increase of 6.2 per cent versus 2015. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.

About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 534,332 cars in 2016 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2016, Volvo Cars had over 31,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company's main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while are manufactured in Skived (Sweden) and Zhangjiakou (China) and body components in Lofstrom (Sweden).