Two problems related to transmission gear slipping have been reported for the 2002 Volvo V70. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2002 Volvo V70 based on all problems reported for the 2002 V70.
This car has been well cared since we got it at the day one. All schedule maintenance have been done at a Volvo dealer. We have spend over $7000 on repairs and maintenance over the years. But its transmission started to slip since Feb 2011 when there was only 100,000 miles on it. We took it to the dealer. They suggested a transmission fluid change. We followed their suggestion as we always did. But that did not resolved the problem. The transmission still does not work properly. We took it to the dealer again this oct, and the dealer said the transmission fluid was all black. Along with the problem we meet, they conclude the transmission is about to die, and the one fix is to replace with a new one which will cost $4500! we would expect the transmission of a well-care Volvo would last longer than 100,000 miles. As I did some research on internet, I found many 99-02 Volvo owners have the similar unfortunate issue. I would like NHTSA look into this issue, and initiate a recall on transmission of 2002 Volvo V70.
Transmission slips into lower gear when slowing down to turn a corner and then putting foot on accelerator. Volvo dealer recommends having body replaced at a cost of @2200 and it might not be the cure. Also, in June 2001 at 86,488 I had to have the left front strut mount, sway bar links and engine torque rod mount replaced. Updated 03/10/11.