Since the elimination of the 240 for the 1994 model year, the Volvo '940' became Volvo's entry-level car, with prices ranging from $23,000 to $26,000. Basically the same as the old rear-drive 700-series cars, the 940 was available with the 2.3-liter iron-block 2-valve- per-cylinder Four, both normally aspirated and turbocharged, in both a sedan and wagon version. The 940 was priced against the upper end of the Toyota Camry 2.5-liter V6 range, the midpoint of Chrysler's LH cars with the 3.5-liter V6, the Nissan Maxima 3.0-liter V6, the VW Passat GLX with its unusual narrow-angle 2.8-liter V6 and some models of Saab's new 900, just to mix a bag. Tough competition, every one of the preceding models was newer and many had more standard equipment than the basic Volvo.
Year-to-year changes
1991
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1992
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1993
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1994
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1995
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Retail prices
As of January 5, 1994:
- $22,900 (1994 Volvo 940 4DR Sedan)
- $23,955 (1994 Volvo 940 Turbo 4DR Sedan)
- $24,200 (1994 Volvo 940 4DR Wagon)
- $25,200 (1994 Volvo 940 Turbo 4DR Wagon)
As of late 1994:
- $23,360 (1995 Volvo 940 4DR Sedan)
- $24,360 (1995 Volvo 940 Turbo 4DR Sedan)
- $24,660 (1995 Volvo 940 4DR Wagon)
- $25,660 (1995 Volvo 940 Turbo 4DR Wagon)