Volvo 240 (1981)Niels de Wit from Lunteren, The Netherlands, CC BY 2.0, via Wikimedia Commons

Volvo 240 Turbo Wagon

1981 — Sweden

Malaise Era (1975-1985)WagonSwedishUnder $50k ClassicsAffordable CollectiblesBarn Find CandidatesStation Wagons & Estates
Engine2,316 cc Inline-4
Power155 hp
Transmission4-speed automatic or 5-speed manual
DrivetrainRWD
Body StyleStation Wagon
BrakesDisc (ventilated) / Disc
SuspensionIndependent, MacPherson struts, coil springs, anti-roll bar / Live axle, coil springs, trailing arms, Panhard rod, telescopic dampers

Volvo 240 Turbo Wagon

The Volvo 240 Turbo Wagon is one of the most endearing and practical performance cars ever produced. By fitting a turbocharged engine to the legendarily practical 240 wagon body, Volvo created a vehicle that could carry a family of five plus all their luggage at speeds that embarrassed many sports cars. It was the ultimate sleeper — a car that looked like suburban normality but could surprise almost anything at a traffic light.

The B21ET/B23ET turbocharged engine (depending on model year) displaced 2,316cc and produced approximately 155 horsepower at 5,400 rpm with an intercooled Garrett T3 turbocharger. While not a headline figure, in the context of the early 1980s — when most family wagons made 90-120 hp — the turbo Volvo was genuinely quick. The engine's broad torque band made it feel faster than the numbers suggested, particularly when fully loaded.

The 240 wagon's body was the automotive equivalent of a Swiss Army knife. The rear cargo area, with the back seats folded flat, offered a nearly flat load floor of remarkable size. The boxy shape maximized interior volume per unit of exterior dimension. The tailgate was split horizontally, allowing the upper section to be opened independently for small items.

Volvo's safety reputation was well-earned in the 240. The car featured a rigid safety cage passenger compartment, crumple zones, three-point seatbelts at all positions, padded interior surfaces, and headrests. The 240 was consistently among the safest cars in European crash testing.

The chassis used MacPherson struts at the front and a live rear axle on trailing arms with coil springs and a Panhard rod. The suspension was tuned for comfort rather than sporting pretension, providing the smooth, composed ride that Volvo owners expected. The turbo model received slightly stiffer springs and dampers to cope with the additional performance.

The Volvo 240 was produced from 1974 to 1993 — a 19-year run that testified to the fundamental rightness of the design. The turbo wagon variant was available throughout much of this period. Today, the 240 Turbo Wagon has a devoted cult following, valued equally for its quirky character, incredible practicality, and the understated thrill of surprising unsuspecting Porsche drivers at intersections.

$8,000 – $22,000

Rust in front fender edges, rocker panels, floor pans, and rear wheel arches. The turbo engine is robust but check turbocharger condition (shaft play, oil consumption). Intercooler hoses deteriorate. Automatic transmission (if equipped) should shift smoothly — rebuilds are expensive. Manual gearbox cars are rarer and more desirable among enthusiasts. Check cargo area floor for rust and damage from heavy loads.

Produced at Volvo's Torslanda plant in Gothenburg and at their Kalmar factory from 1981 (turbo version). The 240 series was in production from 1974 to 1993. Total 240 production exceeded 2.8 million units across all body styles and engine variants.