What is it?

The 2014 Volvo V60 is a five-door, midsize station wagon based on Volvo's S60 sedan. On sale in Europe since 2011, the V60 is now coming to the U.S. to bolster Volvo's lineup. Powertrain specs are unknown, but we think it will offer the same engines as the S60. That means a 250-horsepower turbocharged five-cylinder in the base-level V60 T5, with standard front-wheel drive or optional all-wheel drive. The V60 T6 will have a 300-hp turbocharged six-cylinder and standard all-wheel drive. Reportedly, a plug-in hybrid is also coming, which would be Volvo's first-ever hybrid.

How much?

Pricing isn't official, but we expect the V60 to be slightly more expensive than the S60. The S60 T5 starts around $32,500, while the T6 starts around $41,000. Pricing for the V60 plug-in hybrid is unknown.

When can you get it?

The V60 should arrive early next year; the plug-in hybrid should come soon after.

Add it to your shopping list because...

To create the 2014 Volvo V60, Volvo took its S60 sedan and added more room in back. That means the V60 retains all of the S60's virtues -- like its comfortable seats and great engines -- and adds more cargo space. Shoppers who don't need all-wheel drive can get by with the V60 T5, while drivers looking for muscular power will enjoy the 300-hp V60 T6 AWD. The V60 will also likely include the S60's standard features, meaning items like Volvo's City Safety braking system and WHIPS whiplash protection front headrests will come at no charge. Shoppers looking at luxury sedans who could use a little extra space might want to consider the V60.

Other cars to consider:

Acura TSX Sport Wagon: A five-door TSX Sport Wagon joined Acura's lineup for the 2012 model year. It starts around $32,000, making it the cheapest upscale wagon available. But its 201-hp 4-cylinder may leave enthusiast drivers wanting more.

Audi Allroad: The new Audi allroad boasts increased ground clearance over the previous A4 Avant. With standard all-wheel drive, it's a direct competitor to small crossovers and the V60. Its only drawback is a price that starts above $40,000.

BMW 3-Series Wagon: A wagon bodystyle joins the popular 3-Series lineup this year. With rear or available all-wheel drive and a turbocharged 4-cylinder, the 3-Series wagon will be one of the V60's sportiest rivals.

Used Mercedes E350 Wagon: The E350 wagon is larger than the V60 and comes with standard all-wheel drive. With 302hp, it's also more powerful -- even compared to the V60 T6. But with a starting price of more than $58,000, a certified pre-owned model is a better match for the V60.

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Doug DeMuro has a wide range of automotive industry experience, from work at a Ferrari dealership to a manager for Porsche North America. A lifelong car enthusiast, Doug's eclectic vehicle purchases include a Porsche 911 Turbo, an E63 AMG wagon, an old Range Rover and a Mercedes Benz G-wagen.

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