An antiskid system is standard instead of optional for 2007 on Volvo’s entry-level wagon. Volvo offers a sedan version of this car as the S40 and both body styles share elements of their basic design with the Mazda 3. V50 has a 5-cyl engine and comes in 2.4i and sporty T5 trim.

The 2.4i has 168 hp and front-wheel drive. T5s are turbocharged, have 218 hp, and are front- or all-wheel drive. A 6-speed manual transmission is standard on AWD T5s. Optional on those and standard on other V50s is a 5-speed automatic. ABS and traction/antiskid control are standard. So are front side airbags and curtain side airbags.

AWD T5s include a firmer sport suspension that’s available for other models. Keyless entry/starting is a new option for all models, which get a minor interior freshening for ‘07. Also available are a navigation system with pop-up dashboard screen, leather upholstery, heated seats, and sunroof.

The V50 is a terrific small wagon that’s ever more relevant as gas prices remain high for the foreseeable future. Based on the S40 sedan, it looks great, drives nicely, has standard safety features such as stability control, and has a roomy cargo area. Our favorite model is the base 2.4i.

When considering the purchase of a new vehicle, it’s important to keep in mind what the eventual resale value will be. It is expected that the 2007 Volvo V50 will have a excellent resale value. This assumes that after 3 to of 5 years of ownership the vehicle will be in good condition. Other factors include the optional equipment you choose and the total mileage on your vehicle.