The roomy Volvo V50 is the wagon version of the S40 compact sedan. Designed to compete in the entry-level sport wagon segment, the V50 is available with many premium features not available from other competitors. A choice of a 168-bhp 2.4L I-4, or turbocharged 227-bhp 2.5L I-5 engine, is coupled to a 6-speed manual (T5), or 5-speed Geartronic(R) automatic. The V50 T5 is available with AWD for improved traction and handling. Dynamic Stability and Traction Control (DSTC), Bi-Xenon headlights, and DVD navigation system are available. Some other V50 option packages include: Sport Package, Dynamic Trim Package, and Audio Package.

New front fascia, grille, spoiler, headlamps and taillights. Revised center console and door pockets. Horsepower increases from 218 to 227 on T5 and T5 AWD models.