The Curt Class I Trailer Hitch Receiver, # C11822 is the correct hitch for your 2001 Volvo V40. This hitch requires drilling four holes in the trunk pan.
Unfortunately, the hitch you referenced, # 11438, is not compatible with your 2001 V40.
When installing a hitch on your V40 I would recommend that you use some sealant under the hardware that is installed in the holes drilled in the trunk pan. TremPro Silicone Sealant, # 0160297, is a high quality sealant that will keep moisture and... view full answer...