For most of the 200's history, the US-market model name was determined by number of engine cylinders and number of doors. For example, a V6-equipped two-door was badged as a 262, while a four-cylinder wagon was a 245. Starting in 1986, Volvo gave up on all that complexity (the V6 went away the year before, with the two-door getting the axe the year before that) and just slapped 240 badges on sedans and wagons.
The first decade or so of the North American 240 saw most cars getting manual transmissions, but by the early 1990s you'll see automatics in just about every example you run across.
All 240s got standard driver-side airbags starting in the 1990 model year, so there was no need for the horrible automatic seat belts used by many manufacturers during this period.
Not quite 200,000 miles on this one.
By the final years of 240 production, many other manufacturers had caught up to Volvo on safety features, but 240 advertising still pushed the Volvo=Safe equation.