2015 Volvo XC90 First Edition to cost $120,000

The $120,000 price tag will make the XC90 First Edition the most expensive Volvo ever sold in Australia, and represents a significant increase over the pricing of the first-generation model. The outgoing XC90 line-up ranges from $69,590 to $75,590, while the highest price tag ever attached to the luxury SUV was $90,950 for the now-discontinued V8 version.

Just 1927 examples of the Volvo XC90 First Edition will be sold worldwide, in a nod to the year the company was founded. All will be sold online, and all will be finished in the same colour (Onyx Black) with an Amber nappa leather interior with a charcoal leather dashboard and walnut highlights. The front seats feature heating and cooling, while the outboard second-row seats are heated. The third-row chairs are electronically operated.

Despite two powertrains being offered, Australian buyers will only be able to choose the T6 petrol model, which is powered by a four-cylinder turbocharged and supercharged engine. That powerplant produces 238kW of power and 400Nm of torque, and sends its grunt to all four wheels via an eight-speed automatic. The other engine option for the First Edition - which will be sold primarily in Europe - is the D5 twin-turbo, which has 168kW of power and 470Nm of torque.

Read more about the engines of the new XC90 range here.

First Edition models have individually numbered plates and badges, and are have eight-spoke, 21-inch alloy wheels.

Technological advances for the new model include two world-first crash prevention/protection systems. Volvo has also highlighted the safety credentials of the new model with a video of a trio of crash tests.

Deliveries of the First Edition will commence in the second quarter, with the rest of the regular XC90 model range to be in showrooms around the same time.

Volvo Australia has confirmed further engine details, prices and specifications will be made public at a later date.

Read more about the Volvo XC90.